Introduction Features User Guide Application Procedure Note
The Personal Spot FX Transaction refers to the customers who hold cash in foreign currency or with foreign currency deposits in IB can change a foreign currency into another currency through IB's trading system according to the buying/selling prices quoted by IB.
Smooth Channels
The system supports various transaction platforms, including counter transactions, mobile banking, and computer terminals.
Convenient Transactions
Trades on the system are executed by using the methods of market and pending orders.
Instant Availability
Our bank's foreign exchange trading provides you with 5/24 non-stop quatation and trading services.
1. IB offers 38 pairs among 11 currencies for the Personal Spot FX Transaction, covering USD, EUR, GBP, JPY, AUD, CHF, CAD, SGD, HKD, SEK, and NZD.
2. IB's Personal Spot FX Transaction adopts a unified rate for cash and remittances in foreign currency, to ensure that their nature remains unchanged after the transaction.
3. IB's Personal Spot FX Transaction supports both current and fixed-term foreign currency transactions. The nature of the foreign currency, whether current or fixed-term, remains unchanged after the transaction.
4. Each transaction of a Personal Spot FX Transaction is executed in a minimum amount of 98 US dollars or its equivalent in other currencies and a maximum amount of 10 million US dollars or its equivalent in other currencies.
1. You need to open a wealth management account with IB and deposit a certain amount of foreign currency (a minimum amount of 98 US dollars or its equivalent in other currencies).
2. You can simply log on to access IB FX trading service via your smartphone or computer, read and sign the service agreement online, or, you can visit IB’s branch outlets to sign the business contract.
The rules for depositing and withdrawing the above-mentioned foreign currencies may vary among different IB branches across China. Please contact your local branch for specific information.