Okay maybe I don’t understand the justetf chart.
On the Chart I switched to “CHF” and it shows 91.83CHF but on the top it shows 80.70Euro and actually that are 76.9CHF → so is this a bug on justetf website or what I’m missing there?
All SMART are automatic routing orders in different currencies. So you can check them one by one and see which currency it is. Others are specific exchanges, you can safely ignore them.
If you open order form, limit order type, put some numbers, you will see in which currency your order volume is calculated.
The one you are showing is in CHF, EBS is SIX Swiss exchange.
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Ah clear, thanks for the explanation. So I see clicking through the SMART until I have the EBS (swiss exchange) and then I can set directly my limit order in CHF.
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I have two small questions about IBKR yearly reports.
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How do i read the Interests Accruals table? I see “Interest accrued” of say 100chf and then “Accrual reversal” of 80chf. If I understand it correctly, the “Accrual reversal” is what I get. What is “interest accrued” then?
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Change in dividend accruals. What is exactly? This is even funnier. I have a total of 0.01 usd which translates in 50CHF. The 0 USD means that I didn’t sell anything between two of the dividend dates (I don’t know exactly how they works). It translates to 50chf because between those two dates the FX changed. Did I get it right? Why is that important to know?
Accrual reversal is what has already been paid out of the total accrued interest.
Let’s say you get CHF 10 interest per month and we are now on the 15. November. Accrued interest will be CHF 105 (10 full months and one half month), and accrual reversal will be CHF 100 (10 months already paid out).
Thanks for your answer. It’s weird though, since I got the number from the yearly report. I suppose they “weren’t ready” to pay the rest before the end of the year so if I check the january report I should see the missing 20chf of my example (eg. Interest accrued = x, accrual reversal = x+20.
Hi all
As of a recent discussion Is it worth waiting for dividends with regular investments? - Investing / Portfolios - Mustachian Post Community, I did not wait with sending money to IB until dividend date, but I did it today. I went to go change the currency from CHF to USD as I want to buy VT. I took a closer look to the “Portfolio” section in the webinterface:
Why does it say UK securities on top of that table? I know there is always a discussion if we are protected by SIPC (USA, $500’000) or FSCS (£85’000). Does anyone have a different view, when showing the “Portfolio” page? Does this “UK securities” mean anything?
As I understand, it means securities held in custody at IBKR UK = the subsidiary handling Swiss accounts.
Hi all. Another question. I have an additional “small” account on IB for our child. I usually change FX on my “big” account, transfer some dollars to the “small” and buy one or two shares of VT on the “small” account. I did that at the end of last month. Now the remaining USDs on the “small” account were changed back to CHF.
No provision was charged. But I’m a bit confused. I did not initiate this. Anyone has in idea, why this happened? It has not happened before.
IB automatically converts cash of less than 5 USD in non-base currency to the base currency.
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So change base currency?
Why? Do you transfer in CHF or USD? There’s 175k in your kid’ account, why bother about 1 USD that’s automatically converted back to CHF? It’s a convenience feature.
There is not 175k in my kids account, this was mine from another question. In my kids account, there is just less then a thousand and I buy 1 or 2 shares of VT 4 times a year. So changing currency in my kid’s account is expensive ($2) as trading volume ($100) and net worth ($1000) are very low. This is why I prefer changing currency in my main account and then I transfer a small amount to my kid’s account.
Got it. Keep it going, though 
IF you transfer CHF, IB will credit you CHF. Even if base currency is USD.
You could also
- buy something in CHF
- get a family account and split fees with your account
- Accept pretty high one-time fees for the conversion
Hi. Thank you so much. I think, it’s not worth worring about it too much. But for your information: I transfer CHF from my Swiss bank to IB. Usually chunks of around 10’000 or so. I change CHF to USD on IB. Usually ~$2 of fees. I transfer $100 to my kid’s account in IB (sub-account of mine, I see both when logging in). With this $100 I buy 1 share of VT for my child. I like this way and would like to keep it. But I’ll make sure in the future that I have a little more than $5 cash left in the childs account.
IBKR doesn’t charge the TER on your ETFs, because they are just the broker.
Expense ratios. This expense is measured as a percentage of the amount you have invested—for example, 0.50%.
You won’t see it on your statement; it’s deducted from your returns before they get to you. So, for example, the investments in your ETF might return 5%—but if your expense ratio is 1%, you’ll only see a 4% return, meaning you’ll lose one-fifth of your return right off the bat.The money from the ETF expense ratio goes to the investment company to pay management and administrative costs, which could vary widely depending on the ETF and company.
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I bot VT ETF - My account is a cash account. It had only CHF Cash.
IBKR bought the VT and afterwards did an automatic FXCONV USD.CHF.
Is this a new feature? I thought I have to do manual conversion.
Other question:
Ther was only a fee of 0.35 for the buy of VT ETF. No fee for the FXCONV.
If I do a manual FXCONV, I have to pay 1.8 USD = 2 CHF fee.
Why this difference?
Also: I manualy did an FXCONV afterwards, to get USD cash.
Next I bot again VT. IBKR did not use my USD cash, they did again an automatic FXCONV aftewards…
Welcome!
Probably the trade was not settled yet
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Thanks for the pointers!
Is there no possibility to know, when my trade has settled?
Just wait approx. 2 days?