The automatic currency conversion required to settle your stock trade will be performed by IBKR using a conversion rate that is determined based on the prevailing foreign exchange market rates at the time of execution. However, please note that the conversion rate applied by IBKR may be adjusted from the standard market rate to account for any differences between the settlement cycle for your stock trade and the typical settlement cycle for that currency pair. This rate adjustment allows IBKR to manage the associated risk and costs.
The specific costs and charges applied by IBKR for these automatic currency conversion trades are transparently outlined on the Commission and Fees page of our website.
1 Like