Comments for Pierre-Luc Soucy's blog

Comment on Converting USD/CAD with Interactive Brokers: How-To by Pierre-Luc Soucy

Pierre-Luc Soucy — Wed, 01 Jan 2020 19:50:29 +0000

That’s good to know – I was not aware of that. Depending on your needs, TransferWise might be a good option?

Comment on Converting USD/CAD with Interactive Brokers: How-To by R

Thu, 19 Dec 2019 16:41:16 +0000

I know this is an old subject, but IB is now kicking people out who are using their platform mostly for currency exchanges. If you know an alternative I’m looking for one now.

Comment on Converting USD to CAD: how to pay almost no currency conversion fees by Pierre-Luc Soucy

Pierre-Luc Soucy — Mon, 14 Oct 2019 14:09:10 +0000

Good to know – thanks for the information!

Comment on Converting USD to CAD: how to pay almost no currency conversion fees by Howie

Howie — Wed, 18 Sep 2019 07:01:44 +0000

Just and FYI: If you fund your IB account from a Canadian bank using bill pay (instead of EFT), then the 60 day holding period before withdrawal does not apply, no matter which account of yours you withdraw to. If you fund the account with EFT (Connect a Bank) but then decide to withdraw to a different account, the 60 day hold DOES apply.

So in the case of funding in CAD, buying USD on the forex with contract: USD.CAD, and withdrawing USD funds to a different account, this can be done with a 3 day withdrawal period if you originally funded with Bill Pay.

See here: https://www.interactivebrokers.com/en/index.php?f=1544#funding_05

Comment on ISO 3166 country list: nicely formatted in CSV and SQL format by Scott Stanek

Scott Stanek — Mon, 26 Nov 2018 18:02:47 +0000

Useful, as I am combining data from multiple databases, including one in France, and only just noticed the country differences. With this, will make a Global Reporting country field (using the English version since that data outnumbers all the others) and keep both.

Comment on Converting USD/CAD with Interactive Brokers: How-To by Pierre-Luc Soucy

Pierre-Luc Soucy — Fri, 16 Feb 2018 04:06:51 +0000

That’s good to know – thank you!

Comment on Converting USD/CAD with Interactive Brokers: How-To by Scott Savage

Scott Savage — Tue, 13 Feb 2018 23:41:24 +0000

You may remove a virtual forex position from display within the TWS Account Window.

To open the Account Window, click on the Account menu at the top of the TWS and select Account Window.

Then, refer to the “FX Portfolio – Virtual FX Position” section and locate the virtual position displayed there.

Right-click on the virtual position and select “Adjust Position or Average Price.”

When the small window appears, type the number zero into each field and click OK. The position will then disappear.

(No orders need to be placed to accomplish this.)

Comment on Converting USD/CAD with Interactive Brokers: How-To by Pierre-Luc Beaudoin

Pierre-Luc Beaudoin — Fri, 06 Oct 2017 16:10:59 +0000

Thanks for the instructions. Their Web UI is sooo complex!

Comment on Converting USD/CAD with Interactive Brokers: How-To by Anon

Anon — Sun, 27 Aug 2017 20:16:51 +0000

Yeah, that was the difference. My IB account was with Interactive Brokers US.
I ended up asking my Canadian bank to perform a wire transfer to IB, which was expensive, but the rest of the process was the same.

Comment on Converting USD/CAD with Interactive Brokers: How-To by tom

tom — Fri, 16 Dec 2016 03:56:46 +0000

Thanks for this post. Very useful.