IB IDEAL Forex conversion - help required

Discussion in 'Interactive Brokers' started by uk_trader, Jan 7, 2019.

  1. uk_trader

    uk_trader

    Hi everyone,

    I'm trying to convert my GBP funds to USD for buying US shares on Interactive Brokers.

    I've read IB's recommendation that IDEAL is for fund conversion and IDEAL PRO is for actual trading of currencies.

    However, I can't find the IDEAL option in TW. Steps taken:

    - enter GBP into ticker search
    - select forex
    - select GBPUSD
    - IDEAL PRO is listed, but not IDEAL

    Am I missing something? Any help would be much appreciated.
     
  2. Same thing, just do it but for taxes mark conversion when entering the trade if given the choice
     
  3. Select GBPUSD. Select FXCONV. Transmit