Yes, clients can trade in any currency that has a product listed in.
Example: Client with a cash account wants to buy a US stock. Our system will check if the client has sufficient available funds in USD or other supported currencies to cover 100% of the trade and, if so, the order will be sent to the exchange.
- If client has enough balance in USD, it will be used for execution of the order.
- If not, IBSJ will automatically convert an equivalent amount of USD from other supported currencies with a positive balance.
- If the same client wishes to sell his USD denominated security at a later date, IBSJ will NOT convert the proceeds back to one of the supported currencies.
- Client can use proceeds in USD for purchasing US stocks or withdraw them.
- Conversion to other currencies not connected to withdrawing funds is not allowed.
- Client can withdraw funds in supported cashiering currencies (JPY, USD, EUR, GBP). If the client wants to withdraw funds, the system checks first if there is sufficient available funds in the requested or other supported currencies to cover 100% of the withdrawal amount. If there is no sufficient funds in the requested currency, IBSJ will automatically convert positive balances in the supported currencies to the requested one.
Please Note
- IBKR cannot disclose its eligibility requirements for products. Please do not contact Customer Service to ask for these criteria as they cannot provide additional information.
- IBSJ does NOT charge a commission to clients for automatic currency conversion.
- Commissions for currency conversion used for closing a non-JPY cash balance are presented on our website.
- Supported cashiering currency is a currency in which client can make deposits and withdrawals.
Additional Information