Nouveauté sur IBKR

[jc]

Dear Client,

We are writing to inform you of an important change in our trading policies that will take effect after US market close on April 26, 2024. At IBKR, we strive to provide our clients with a seamless and efficient trading experience, and this update is designed to enhance your trading experience further.

Effective after US market close on April 26, 2024, IBKR will no longer require clients with cash accounts to have cash in the trading currency of the stock they are purchasing in order to place their stock order.

Under the new policy, clients can have the necessary amount of cash in any IBKR-supported currency (e.g., a US stock trade can be executed versus a EUR cash balance), and IBKR will coordinate the necessary forex trade in the amount required to settle the trade on your behalf.

For example, if you wish to purchase a US stock and you only hold a EUR cash balance, IBKR will execute the stock trade against your EUR balance. After you place your US stock trade order, we will execute a EUR/USD forex trade to convert the necessary amount of your EUR balance to USD to settle the stock trade.

The automatic currency conversion required to settle your stock trade will be performed by IBKR using a conversion rate that is determined based on the prevailing foreign exchange market rates at the time of execution. However, please note that the conversion rate applied by IBKR may be adjusted from the standard market rate to account for any differences between the settlement cycle for your stock trade and the typical settlement cycle for that currency pair. This rate adjustment allows IBKR to manage the associated risk and costs.

The specific costs and charges applied by IBKR for these automatic currency conversion trades are transparently outlined on the Commission and Fees page of our website. We encourage you to review this information to understand the applicable rates and fees for your trades fully. This change will streamline the trading process for our clients, eliminating the need for pre-trade currency conversions and ensuring a more convenient and hassle-free trading experience. Clients preferring to avoid the new functionality should maintain a sufficient balance settled in their account of the trading currency of the stock they are purchasing.

We are committed to providing exceptional service and constantly improving our offerings to meet your evolving needs. If you have any questions or concerns regarding this policy update, please do not hesitate to contact us.

Thank you for your continued trust and partnership with IBKR.

Sympa !

[Sébastien_Koubar]

Effectivement ! C’était vraiment relou de devoir faire la conversation manuellement avant tout achat.

[Nico8691]

Moi j’ai pris l’habitude de convertir mes euros en dollars avant d’acheter mes actions et je continuerais de faire la même chose sachant aussi que mes dividendes arrivent sur mon compte en dollars. Mais je trouve cette évolution quand même pratique.

[TATOO]

De mon côté, dès que l’euro monte vis à vis du dollar, j’envoie des euros sur mon compte Wise, puis je les convertis en dollars. Wise me verse des intérêts chaque mois sur mes dollars que je laisse chez eux (entre 3 et 4 %). Au final, ces intérêts cumulés me rembourse au moins mes frais de conversion voir plus, si je laisse mes dollars cumulés plus longtemps chez Wise.
Lorsque j’ai besoin de cash pour investir dans les actions us, j’envois mes dollars « fructifiés » chez Wise, sur mon compte IB. Et là je peux acheter mes actions US sans frais de conversion.