How do I see how much cash I actually have on IB?
When you open up Interactive Brokers's Client Portal, you're greeted by a performance dashboard. Here, you can see how your portfolio is doing and what your net liquidity is. But at first, it might be difficult to figure out how much excess cash you have that is ready to be invested.
Let's go over the dashboard from left to right to describe each part. Note that in the example above, the account's base currency is EUR (€), therefore all amounts are in euros.
Your Portfolio: an overview of your available cash balance
- Settled cash: cash recognized at the time of settlement. In other words, the amount not yet invested is available as excess cash to withdraw, or invest. This amount is €2.43.
- Buying power: shows the value of securities you could buy without additional funding. This amount is €2.43.
- Dividends: the section details any dividend payments from your investments. This amount is €0.02.
Net liquidity: details the overall value of your IB account. This is the sum of total cash + stock and bond value + non-span option value + dividend payable/receivable. Here in this example, the account has €2.43 in cash + €1,326.13 in securities + €0.02 in dividends totalling €1,328.58.
An Interactive Brokers account can hold cash and assets in more than one base currency. In the next chapter, we'll detail how you can request a more detailed view of your liquidity position and excess cash. We'll also take a look at how you can figure out how much excess cash you have if you have deposited in multiple currencies.
How do I see how much cash I have?
Step by step guide: How do I see how much cash I actually have?
To see a more detailed report on your excess cash, do the following:
- 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
- Head to the menu named 'Portfolio'
- Now, a plus sign at the top right corner will show up next to 'Excess Liquidity'
- Click on the plus sign to see a more detailed account balance
Now, let's go over the newly shown terms on this page, starting from the top:
Daily P&L: the difference between the current price vs last day's closing price times the number of securities you have. The value on the screenshot is €-4.48.
Unrealized P&L: an indication of what your aggreage profit or loss would be if you closed all your positions now. This value is €-78.52.
Excess Liquidity: your free-floating cash, not invested in any position, which is €2.43.
Overall, 'Excess Liquidity' is the term you should look for when searching for your free-floating cash reserve on Interactive Brokers. You can also find this value as 'Buying Power', 'Cash', 'Settled Cash' and 'Available funds' (total).
What happens if I have cash in multiple currencies?
Let's see an example of an account at Interactive Brokers that has cash in multiple currencies.
Let's go over some new elements here on this dashboard:
Under 'Cash', you can see various amounts available to invest. We can also see, that this account has €3,113.10 'Excess Liquidity'. This is the sum of all amounts in different currencies in Euros (€).
CHF: details the amount of CHF on the account. The amount is CHF -21.06.
EUR (base currency): shows how much Euros (€) this account has in deposits. The amount is €1,386.77
HUF: details the amount of Forints on this account. The amount is HUF 314,458.66
Total Cash (in EUR): as the name suggests, it shows the sum of all available cash converted to Euros (€).
Why is CHF negative on this account? Is it a loss?
No. If your account is denominated in for example Euros, but you purchase an asset denominated in CHF, it will trigger a negative cash flow. If you did not originally have any CHF on your account, your Euros will be converted to CHF and, as a consequence, it will result in a negative CHF cash flow.
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