Does IBKR answer quicker when writing them in English?
No, I think values below $5 are converted to base currency automatically in general.
Edit: and it was also like this before the AutoFx was introduced last month.
Not the case for me, I have CHF as base currency and my latest dividends were in USD as usual.
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I always write them in English and have gotten a response within 24 hours most of the time.
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I have CHF as base currency as well, and the USD 19.82 dividends I received yesterday were not converted.
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Same here, base currency CHF, and received USD dividends as usual (VT)
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Ok. Good to know.
My last order was not executed on ARCA, but on DARK instead. Did I buy VT from Satan or what does that mean?
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It is a dark pool. It means that the broker keep his precious buyers and sellers for himself (or with his partners) and have them make transactions outside of the stock exchange
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And is that a good thing? And if not, can I disable it?
You usually get a price improvement compared to lit exchanges.
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Itâs beneficial for the broker but not the customer.
It s like optimising trades for the broker.
Youâd rather get the best quote from a lit exchange? (the broker is not allowed to provide a worse execution than the best available public quote, so it should be winning for the customer)
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Was it spot on 15%? I recently noticed that the deduction was somewhat below this (more like 13.9xx%) and I donât see why. 
For me it was, yes, down to the last cent.
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Yes.
Exactly 15%
But for me payment was in USD and also the tax deduction was in USD.
Which ETF do you own? Could it be due to exchange rate differences?
You are both right, I made a mistake when reading the statement file from IBKR. I thought the value in âWitholding taxâ was already deducted from the âDividendsâ value in the âChange in NAVâ table. But actually the value in âDividendsâ is before any WHT and I got paid out this âDividendsâ amount minus the value in âWitholding taxâ and this gives me also exactly 15%.
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3 posts were merged into an existing topic: IBKR behaves weirdly when converting currency and immediately buying with a cash account
In case anybody was wondering why the currency exchange âComm./Feesâ column on trades with Auto FX shows â0.00â â the 0.03% fee is hidden in a slightly worse exchange rate:
For currency trades executed under the auto currency conversion service, IB will typically add or subtract (at its discretion) 0.03% to the exchange rate that would otherwise apply. Please note that IB does not separately charge a commission on these auto-conversion trades.
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