IB Multiple Currency

Discussion in 'Retail Brokers' started by CDNPatriot, Jan 7, 2006.

  1. CDNPatriot

    CDNPatriot Guest

    I have a margin account at IB. The base currency is USD but I want to have more then one currency in the account. I've been told that this is possible by IB but they haven't gotten back to me on this matter when I ask for specifics. I'm thinking of placing basket orders for four different markets in four different currencies. Each market won't exceed 25% of the total portfolio.
    1 Has anyone tried this successfully with basket orders?
    2 What happens if the order is bigger then the available funds for the currency?
    The reason for this is to pick four markets where a particular script works well and to reduce risk.
  2. just21


    Just buy the securities in another currency, it is all automatic.
  3. CDNPatriot

    CDNPatriot Guest

    that will result in currency slippage
  4. you can utilize your margin in other currencies, but you will be charged margin interest (for the borrowing), and paid interest on your other balances