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How to change the base currency on Interactive Brokers?

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.

Interactive Brokers further reading:

Author of this article

Bence András Rózsa

Author of this article

Bence András Rózsa is an experienced broker analyst. Having an MSc in international economy and finance, he focuses on equities, cryptos and newcomer financial services. He also has 2+ years of experience within the brokerage industry specializing in stock- and CFD/forex brokers, crypto providers and robo-advisors.

Bence András Rózsa

Broker Analyst

Bence András Rózsa is an experienced broker analyst. Having an MSc in international economy and finance, he focuses on equities, cryptos and newcomer financial services. He also has 2+ years of experience within the brokerage industry specializing in stock- and CFD/forex brokers, crypto providers and robo-advisors.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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