IB Forex question

Discussion in 'Retail Brokers' started by nravo, Oct 30, 2007.

  1. nravo

    nravo

    My IB account is linked to a US checking account. But I am also a non-US resident (but a US citizen) in Australia and have a checking account in Australia with an Australian bank. Can I just transfer, say, 30K in USD to AUD in my IB account, via Ideal, and access the AU dollars via my Australian checking account? I hate giving 400-500 pips to a bank to change my money.
     
  2. Hi nravo,

    Not as far as I know. IB's policies towards the MLA Act don't allow this AFAIK.

    Best regards,
    MK