Why can I withdraw a currency I have on the account only assuming a margin loan?

CHECK YOUR CASH AVAILABLE FOR WITHDRAWAL

Accounts which have been set up as a 'Cash' type do not have access to the proceeds from the sale of securities until such time the transaction has settled at the clearinghouse and proceeds have been issued to IBKR. Securities settlement generally takes place on the business day following the sale transaction. In addition, funds that have been recently deposited may be subject to a credit hold or withdrawal restriction…

Your available settled cash balance in the currency of denomination of the product will be used before opening a margin loan.

Margin is configured on an aggregate basis, so although you can fully pay for stocks in a margin account, once you run out of cash to pay for the securities IBKR will extend a loan…

When you invest in a product denominated in a currency other than what you are holding in your Margin account, it is not necessarily required to convert currencies to place the order.

• If you enter the order to open the foreign product position and do not make a currency conversion, you will open a margin loan in the currency of denomination of the product. On the margin loan you accrue…

To determine if you have any margin loans in your Interactive Brokers (IBKR) account, follow these steps:

1. Account Login and Type:
   • Log in to your IBKR account…