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Hi, Likely a complete noob question but what is a virtual FX position? I currently use IB to buy stock on margin and found a AUD.USD position (FX portfolio was hidden). Is it a real profit/loss that doesn't go against my margin/incur interest? I've searched around but can't seem to get a...

Ok so changing base currency allowed me to convert my deficit to USD. Fees look mostly similar so should do the job, I'll just change base currency back come tax time.

Ok thanks. If this is not allowed wouldn't changing my base currency allow me to keep my negative balance in USD though? I've tried updating my Forex permissions and hit errors so it's likely a subsidiary issue.

Thanks but still not sure it answers my question. Some say it's just reporting but I currently have a negative USD and negative AUD balance in my account and can only convert to AUD.

Keep in mind my account is in negative as I have a margin loan. If I had cash in there I would lose money yes, but if I convert my negative balance to USD (which I believe is only possible if I change base currency) then over time I can pay off my negative USD balance with increasing value AUD.

Hi, I'm currently thinking of changing my base currency from AUD to USD, mainly with the purpose of converting my margin deficit into USD. My understanding is this will hedge against USD as I mainly make deposits in AUD but would there be any other significant changes to my account? I...

Hmmm ok, I just thought future options were cash settled regardless where you land, damn

What about the same with E mini future options? They're cash settled even if I land on both sides of the underlying correct?

Ok thanks. Which calculations are you referring to? Performance or margin?

So basically if I get caught out on both sides of the underlying through expiration or early exercise I can get stuck with the 100 contracts correct?

Hi, I've been dabbling in options for the past 6 months or so, mostly in a paper account with interactive brokers. I want to clarify, if I purchase a vertical spread (multi leg order) am I only ever liable for the difference between the two orders or are there situations where I am liable for...

Hmmm, IB just told me over the phone it's cash settled so don't have to worry about the 100 contracts or $ up front. Does that sound correct?

Hi everyone, I've been practicing options trading mostly virtually the past 6 months and I'm starting to look at combination orders, so bull/bear spreads, iron condors and such. My main question is what happens when one of the options I've written in these combination orders gets executed...