How to change the base currency on IB?

How to change the base currency on IB?

As a general rule, once you set your base currency - or account currency - at any broker during account opening, you can’t change it later. However, that’s not the case with Interactive Brokers. When you go through the account opening process at IB, you must choose a base currency for your account like you would at any other broker, but you can change it later any time on your Client Portal.

On the Client Portal, head to the top-right corner of your screen. Click on your name, and in the drop-down menu, select ‘Account settings'. There you will find three text columns. Look for ‘Account reporting’ and then click ‘Base Currency’ just below it. A pop-up window will appear, displaying all available base currencies on the platform.

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How to change the base currency on IB? - Base currency window

The available account base currencies at Interactive Brokers are the following:

Interactive Brokers account base currencies*
Australian Dollar	British Pound	Canadian Dollar	Chinese Yuan
Czech Koruna	Danish Krone	Euro	Hong Kong Dollar
Hungarian Forint	Indian Rupee (only in India)	Israeli Shekel	Japanese Yen
Mexican Peso	New Zealand Dollar	Norwegian Krone	Polish Zloty
Russian Ruble	Singapore Dollar	South African Rand	South Korean Won
Swedish Krona	Swiss Franc	US Dollar

*This selection might differ based on which entity you're onboarded with.

Step by step: How to change the base currency on IB

The first occasion when you have to make a decision about your base currency will occur during the account opening process. But no worries, you can change the base currency of your account later at any time.

Here's how:

Go to the Interactive Brokers website.
Click the red ‘Log in’ button in the top right corner
Go to the ‘Client Portal Login’, enter your name and password, then clear the two-factor authentication process
On the 'Client Portal', click on your name in the top right corner
Click the light blue 'Settings' button at the top
On the 'Settings' page, look for 'Account Reporting' in the middle, then click 'Base currency' just below
Here, use the drop-down menu to select the desired currency

Your new base currency will be live on the next trading day.