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I'm asking about stocks traded with a cash account (no margin).

I did search but found a thread from 2011. If these types of questions are repetitive maybe Elite trader could have a sticky for each of the popular brokers which include important posts. I think that would really help newcomers.

Hi all, I've just opened an account with IB as an international customer. Coming from the UK, I am used to paying £5 per trade so IB's $0.005 per share seems almost too good to be true. My question is do you find the spreads competitive compared to other brokers that offer international...

Hi everyone, I'm trying to convert my GBP funds to USD for buying US shares on Interactive Brokers. I've read IB's recommendation that IDEAL is for fund conversion and IDEAL PRO is for actual trading of currencies. However, I can't find the IDEAL option in TW. Steps taken: - enter GBP into...

Thanks for all the replies. I think I've decided to convert to USD and take it from there. With the sizes I trade I'll be paying $1 a trade compared to $10 in the UK so any currency risk is offset by the fee saving. Not to mention that I barely get into profit with the UK broker because I have...

Losses?? What are those!? ;-)

Thanks a lot. I haven't placed a trade yet so have no previous statements. The aim is to simply reduce the cost per trade (compared to the UK broker charging $10) and try to grow the account. Currency risk on profits would be a nice problem to have!

Thank you for your response. Do you know if there are any implications of changing my base currency to USD? Note that I'm comfortable trying to grow a USD account and accepting the currency risk when I withdraw (once a year for example).

Hi everyone, This is my first post and I've tried to keep it brief. Please let me know if anything is unclear. INTERACTIVE BROKERS ACCOUNT DETAILS: Country of residence: UK Base Currency: GBP Account type: CASH (no margin) Deposited funds: Deposits made in GBP BACKGROUND: - I would like to...