Hi
Here is something I should probably have mentioned earlier: As of April 2024, IB will now do currency conversions for you if you do not have the necessary currency. Before, you had to do a manual conversion before a trade, but now IB will do it for you if have not done so already! Of course, this is only for cash accounts, because a margin account would go into a negative balance in this case.
It is important to know that the fee is different between these two systems:
What do you think about this feature? I think it's pretty nice for simplifying the flow of investment on IB, and it can even save investors some money.
You can read more about it on my IB Review:
thepoorswiss.com
Here is something I should probably have mentioned earlier: As of April 2024, IB will now do currency conversions for you if you do not have the necessary currency. Before, you had to do a manual conversion before a trade, but now IB will do it for you if have not done so already! Of course, this is only for cash accounts, because a margin account would go into a negative balance in this case.
It is important to know that the fee is different between these two systems:
- Manual conversions cost 0.002% of the conversion or 2 USD, whichever is higher
- Automated conversions cost 0.03% of the conversion
What do you think about this feature? I think it's pretty nice for simplifying the flow of investment on IB, and it can even save investors some money.
You can read more about it on my IB Review:

Interactive Brokers Review 2025: Pros & Cons - The Poor Swiss
My honest and complete review of Interactive Brokers (IB), an excellent broker. Find out how good IB is and its pros and cons, and more.

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