Trading in a foreign currency with a US broker

Discussion in 'Options' started by sync, Feb 4, 2009.

  1. sync


    I live in the US and have money in Canada. I don't want to convert the Canadian dollars to US right now because of the exchange rate.

    Are there any US brokers that allow for a Canadian dollar account?
  2. just21


  3. sync


    Thanks. I emailed them a day ago and haven't heard back yet. I called and hung up after 12 minutes on hold.
  4. Seemed like the same old IB story:D
  5. sync


    How does a foreign currency account work? When I put on a trade do they convert the amount needed to US dollars and then convert back when I close the trade? That would mean I end up speculating on the exchange rate for the period of the trade.