Now instead of SELL USD I made a BUY CHF order. Now I have 100’000 CHF cash and a CHFUSD position. So this position will stay there forever? If i keep sending CHF to IB and converting to USD, it will keep growing? If you are sure it does not generate any running costs, it is actually a nice informative thing. I can track how much of my growth/loss is due to currency fluctuations.
If that’s the case, then I guess the guide from @_MP is a bit misguiding. And what is the difference between IDEALPRO and FXCONV? For IDEALPRO the bid-ask spread on 100’000 CHF is just 7 USD.
I found this on some website. But that is the practical difference?
In case you would like to make a simple currency exchange (without a currency speculation), please select FXCONV as your destination. In a different scenario, where you would like to make a speculative trade, the right destination is IDEALPRO.