IBKR Compendium

IBKR Compendium

This page is an unofficial, user-contributed compendium of knowledge regarding IBKR. It is created in order to store and share knowledge regarding IBKR that isn't categorised in other sections of this WiKi. Please be aware that this information is provided as a community effort, and it is advisable to verify its truthfulness.

It is likely that over time the information presented here will become stale. We'll try to indicate the date around which the information was added or updated.

If you have information that could be added, or a correction that could be made to the existing entry, please create a new issue.

Currency conversion restrictions

Feb 2025

Currency conversion seems to be fine, as long as it is related to an investment. Depositing, converting and withdrawing immediately seem to flag the account for restriction.

From IBKR support agent :

you can convert currency if the proceeds are going to be used to open a position in any financial investment or you can convert currency from any proceeds from an investment

you cannot make a deposit > convert the currency > withdraw the funds

if the system detects that your account may be restricted

It is meant to take up to 2 business days for the currency conversion to be settled. Mar 2025

Subaccounts for Institutional Accounts

Feb 2025

For institutional accounts (also known as Organization), adding a subaccount is not an option. Instead, 'Account Partitions' are the alternative to opening a subaccounts.

From IBKR support agent:

The add account options are mainly for individual account holders

When logged into your ORG account, you should see 'Add trading Partition' on the Home screen

This will create a Separate trading Limit Structure under the Organization. This would be a sub account which is self contained.

You can also transfer cash and positions internally between the accounts.

There would not be any difference to how you normally trade. You will be able to see both accounts on the TWS and would be able to chose which account to place a trade on.