Hi Gang, First post, just got back from a conversation with Interactive Brokers staff. I was told FXCONV is gone for good. I used FXCONV as destination for currency conversions to move cash around in my multi currency account (sometimes ended up with a negative balance after cash withdrawals and moved positive cash balances in different currencies in my account to remove the negative balance in the withdrawal currency). IB staff told me that all fx trades are now categorized as either leveraged and non-leveraged, no more distinction between fx conversions and intentional (leveraged) fx trades, all are going through their IDEALPRO engine. They said that if "show virtual fx positions in portfolio" is enabled in settings, both, a conversion (now considered an un-leveraged trade) and a leveraged position show, in fact if they denote the same fx pair then they are lumped together in terms of size and average price. They told me a trader now has to apply a "HACK", meaning manually adjust size and average price" to manually "eliminate" the fx conversion from showing in the portfolio. I can't believe what I heard. I am with IB for over 20 years and for the first time heard of FXCONV being gone. I don't believe in those hacks, it can introduce some serious mistakes and issues, both with manual trading and algo trading via API. Can some of you chime in, what you are doing and how you handle this issue? Anyone who trades cash/leveraged fx via IB should be affected by this. This is a deal breaker for me if I can't find a solution. I have several million USD in the account, currently all invested in t-bills and hedge currency exposure with fx futures as I fund and withdraw in NZD (based in New Zealand). The daily futures settlement and cash withdrawals sometimes require some fx conversions as I don't want to pay negative financing rates that IB marks up. Yikes, very frustrated, the person who eliminated this formerly great feature to delineate conversions from actual positions should be fired immediately. Edit: Before anyone asks why I don't just invest my cash in NZ t-bills, as economically both work out to be almost the same due to the implied interest rate differential eliminating any arbitrage opportunities. I use US t-bills because ex haircut I can use the remaining t-bill balance as collateral to fund my algorithmic trading, and to my knowledge IB does not offer trading in NZ t-bills. Also, due to markups by IB, simply holding NZD and being paid credit interest is disadvantageous, currency futures reflect the true implied interest rate differentials without any markups.