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Thanks @Obelixtrader. Do you know by any chance if I deposit 100K USD equivalent in EUR to the IB USD, will I be able to trade without any monthly maintenance fee deduction?
Is the IB USA will allow hedging? As I see a hedge in the demo, but I'm not sure if the demo belongs to IB USA or not, it's in USD but it looks like I redirect to the UK page when I log in?
Since you are from EU your account are opened through IBUK not IBLLC. If you deposit EUrRequivalent of 100K USD there will be no fees,but EUR will be recalculated according to the current exchange rate of EUR/USD.
Thanks Obelixtrader. What about hedging, will hedging allowed in all branches of IB or every branch except the USA? or the USA branch will allow hedging for non-US residents as well? The USA has the highest and toughest regulations, thus I prefer to open through the USA branch?
What happens for the used/utilized margin then? Assuming I have two accounts and have two opposite position in any of Spot Forex Major pairs, will the used margin drop twice or margin will mitigate and as the position is in both side, depending how much are you in the profit of loss in each trade, used margin would be lower than full one-sided trade only? Is this making sense? e.g. 1mio Spot Forex EUR/USD buy, alongside 1mio EUR/USD sell if I place at exact same time at the same price, will I have any used margin? or used the margin will be zero in real account?
If I test this in the demo, will the demo margin show the real account margin utilization, I see in the demo account what I see in the real account as used margin for Spot Forex pair margin usage?
Is this not allowing the hedge will apply to account opened in 'Interactive Brokers LLC' as the USA branch only? Or it will apply to the 'Interactive Brokers Canada Inc.'? 'Interactive Brokers U.K. Limited'?, 'Interactive Brokers Luxembourg SARL'? 'Interactive Brokers Australia Pty. Ltd.'?, 'Interactive Brokers Hong Kong Limited'?, 'Interactive Brokers India Pvt. Ltd.'?, 'Interactive Brokers Securities Japan Inc.'?
Is it depends where I'm(or my company as a corporate account) physically located/resident/domicile or where the account opened in what IB branch or both?
I see the 'Hedge' in my Spot Forex trading account as I send you the screenshot here, https://prnt.sc/sidrod
Does this mean my demo account is in Luxembourg or UK branch or Switzerland unofficial branch(probably) of IB, that's why I have a hedge but if I open my account in the USA branch, I will not have the hedge as mentioned in the screenshot above?
In the Hedge, there is two order types 'FX order' and 'Pair trade' as enabling the Take-profit for the initial order, will disable either of the 'FX order' or 'Pair trade'? Why is that? Can I set the take-profit for this order later after initially placing the order in the 'Order Entry' panel? Maybe through the 'Order Management' panel? or setting profit will be impossible if the order started as Hedge in the 'Order entry' panel? And if that happens, the only option to close the order will close it manually then?
Will, what I see as utilized/used margin in the demo account for this trader, will be what exactly I see in the real account as well?
Will I have a 1:33 margin for trades in the trading hours and margin will drop to half in non-trading hours(Any hour that trade place outside the 9:30 AM EST to 16:00 PM EST)? And trading hours are 9:30 AM EST to 16:00 PM EST or what for SpotForex trading in IB? Is this will depend where I open my Spot Forex trading account in which IB branch?
If you would may please answer under these paragraphs to make it clear where are you referring to?
Thanks, @GFIs1 I'm not sure if I get you correctly. I'm speaking specifically about Spot Forex(only major) pairs mainly(and if this can be applicable to non-major pairs, like cross pairs, that would be nice)?
May I ask as you are from Switzerland, and I heard that IB has Switzerland branch, if I may ask, are your account is in the Switzerland branch? Unfortunately, I don't see any Switzerland branch on the IB website as it may be an unofficial branch or company registration without a public office for inquiry in Switzerland?
May I ask do you have Hedge in your trading account for Forex Major pairs as you see this Hedge in your real trading account? https://prnt.sc/sidrod
Do you have two accounts or you have just one account and will you able to hedge or open a position on both sides for a EUR/USD trade, will your margin be zero for the same size trade amount opened on both sides? e.g. 1mio buy and at the same time 1mio sell if you open them at the same time with that hedge option?
If I may ask, how much do you get leverage/margin for spot Forex Major pairs? 1:33 margin or what?
If you open Hedge trade in a later time for the same instrument e.g. EUR/USD, will you able to set a take-profit target for the two trades you have in the two sides of the same instrument? e.g. you buy a 1mio EUR/USD at 1.0816 then you sell a 1mio EUR/USD at 1.0836, would the TWS allow you to set the Stop-loss and Take-profit for both of your trades? And from Order-Entry or Order-Management panel?
What's your trading hours for Spot Forex with IB, and if I may, may I ask which IB branch is your Spot Forex trading account is located?
If you would may please answer under these paragraphs to make it clear where are you referring to?
