Currency conversion at IBSJ must be connected to an investment service transaction (purchasing a stock, for instance) and its resulting cash flows. To comply with this regulation, clients can make a currency conversion in a trading platform only to close the negative balance from borrowing. In other cases, IBSJ makes a conversion automatically.
- The client CANNOT open long positions that create cash debits (loans). Nevertheless, client can open long positions in any foreign product regardless of the currency in which it is denominated. IBSJ will auto convert the value of the transaction from the positive balance in supported currencies held in the account.
- Any positive cash that is generated as the result of a trade or cash flows from a position you hold (e.g. dividends, coupon, interest) will NOT be auto-converted.
- The client can withdraw funds in JPY, EUR, USD, 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.
- The client can use the option “Withdraw All Available Cash”, which allows to withdraw all available funds in one currency: supported currencies or base currency. IBSJ will automatically convert positive balances to the requested one without leaving residuals.
For further information please see the IBSJ Multi-Currency Account Foreign Exchange Restrictions Disclosure.
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 clients commissions 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.
- Base currency: JPY.
- System shows the projected Cash Available for Withdrawal. The final withdrawal amount may differ from the requested due to fluctuation in currency exchange rates.
Additional Information