Can I use an FX Hedge order in a cash account?

You may see discrepancies in Total Cash versus Cash in Base Currency after making a trade in a non-base currency. The reason for the discrepancy is that additional time is needed for settlement to allow trades executed in a non-base currency to convert to the base currency. In order to see your Settled Cash balance, you will need to add the Settled Cash column to your Account Window under the Market Value - Real FX Balance section…

A Short Sell order will be accepted and can possibly trade if you have a margin type account and there is sufficient Available Funds to meet any change in the account's margin requirements. If If you do not want the ability to sell short, you would need to have a Cash type account as Cash accounts cannot borrow shares of stock to naked short sell, be short naked Call options or short non-cash secured Put options. Cash accounts are restricted from holding a short balance in any currency as this would also constitute a loan from IBKR…

The only way to avoid currency risk is to never trade outside the account's base currency. For example, if you have a margin account and trade a foreign security without converting funds prior your account will take on a short cash balance for the amount of the trade. This cash position will carry currency risk, of which you can view at the end of each day in the FX Translation Gain/Loss line in the Cash Report section of your Activity Statement. Please note, IBKR does not give any kind of trading advice and you need to decide how to manage any currency risk when trading in contracts denominated in a non-base currency or when holding non-base currency balances…

New features and order types are being added to IBKR Mobile with each new release. At this time, however, you cannot attach an FX Hedge order to an order created in IBKR Mobile.

As a workaround, if you have a Margin account you can check the Market Value section of your Account window post trade to see if the trade created a currency loan. If so, youcan then create a new FX Conversion order to close the negative currency balance resulting from the trade. …