Convert non-US based profits in Interactive Brokers??

Wouddy

Newbie
Messages
1
Likes
0
Normally I use FXCM and in that platform profits in my USD based account from a EUR/GBP position are automatically converted into USD, my base currency.

In interactive brokers however, the profits remain quoted in GBP and offcourse, the profit in USD keeps fluctuating. How do I get my profits fixed in USD?


Thank you in advance.
 
In the account window of TWS, there is an option called 'Close all non-base currencies' in one of the menus (can't remember which one). It's an fx trade so incurs a fee, so I usually just do it at the start of the month.
 
Top