Interactive Brokers¶
Baseline Sources and Facts¶
No official/secondary baseline facts imported yet.
| Field | Values |
|---|---|
| Programme type | other |
| Source layers | official, user_reported |
| Currencies | cash interest |
Community-Learned Rules and Datapoints¶
Claim 17502 (user verified, risk: low)¶
Interactive Brokers (IBKR) manual currency conversions under $25,000 (or equivalent) are processed as odd lots and may incur a slightly less optimal spread.
| Field | Value |
|---|---|
| Status | active |
| Confidence | high |
| Source layer | official |
| Merchant | Interactive Brokers |
| Programme | Interactive Brokers |
| Programme type | other |
| Devaluation risk | low |
| Last verified | 2026-06-07 |
| Last seen | 2026-06-07T06:43:10+00:00 |
| Observed result | Conversions below 25,000 are considered odd lots and may be filled with a slightly less optimal spread. |
| Public/official layer | The minimum size for standard spot currency orders on the IDEAL PRO platform is 25,000. |
| Caveat | Certain currencies have different minimums, such as CHF (25,000) and CNH (150,000). |
Interactive Brokers: via Interactive Brokers (exception, user verified, risk: low)¶
User reported that converting SGD to USD manually in IBKR incurs a USD 2 fee, but using the recurring investment feature triggers auto-conversion without the USD 2 fee.
| Field | Value |
|---|---|
| Status | active |
| Confidence | high |
| Source layer | user_reported |
| Merchant | Interactive Brokers |
| Route | Interactive Brokers |
| Programme | Interactive Brokers |
| Programme type | other |
| Fees / surcharges | USD 2 manual conversion fee |
| Devaluation risk | low |
| Last seen | 2024-11-28T01:08:19+00:00 |
| Observed result | Recurring investment auto-converts SGD to USD without the USD 2 fee |
| Public/official layer | Manual currency conversion in IBKR has a minimum fee of USD 2 |
| Caveat | Requires setting up a recurring investment to trigger the automatic conversion |
Claim 17073 (user verified, risk: medium)¶
Interactive Brokers (IBKR) automatically exercises in-the-money (ITM) options at expiration (even by $0.01) unless the user explicitly submits a 'Do Not Exercise' instruction.
| Field | Value |
|---|---|
| Status | active |
| Confidence | high |
| Source layer | user_reported |
| Merchant | Interactive Brokers |
| Programme | Interactive Brokers |
| Programme type | other |
| Devaluation risk | low |
| Last seen | 2024-11-28T00:31:19+00:00 |
| Observed result | Long put at $30 strike was auto-exercised when KWEB closed at $29.98, selling the assigned shares. |
| Public/official layer | Options that are ITM by $0.01 or more at expiration are automatically exercised by the clearinghouse. |
| Caveat | This applies to long options that expire in-the-money, which can result in unexpected liquidation or sale of underlying shares if not closed before expiry. |
Claim 17532 (user verified, risk: low)¶
Interactive Brokers (IBKR) has reduced the interest rate paid on cash balances.
| Field | Value |
|---|---|
| Status | active |
| Confidence | medium |
| Source layer | user_reported |
| Merchant | Interactive Brokers |
| Programme | Interactive Brokers |
| Programme type | other |
| Points currency | cash interest |
| Devaluation risk | low |
| Last verified | 2024-11-13 |
| Last seen | 2024-11-13T03:02:43+00:00 |
| Observed result | IBKR cut the interest rate given out on cash balances |
| Caveat | Interest rates on IBKR are tied to benchmark central bank rates and cash balance thresholds. |