Base Currency
Base Currency lets you modify the base currency for your account. Your base currency determines the currency of translation for your statements, the currency used for determination of margin requirement, and for a Cash Account, the currency of products you are allowed to trade without converting currency. You can trade products in other currency after you convert the appropriate amount of base currency to the desired foreign currency using the Convert Currency tool. In addition, charges related to market data and research, inactivity fees, and commissions on Forex trades are also charged in your base currency.
Modify the Base Currency for an Account
-
Click the User menu (head and shoulders icon in the top right corner) > Settings > Account Reporting > Base Currency.
- Select your
desired base currency from the drop-down, and then click Save.
- Verify your selection, then click
Continue to submit your currency
change request.
Note that base currency changes do not take effect until the next trading day. Once your change takes effect, you will see your new base currency displayed in the Account Reporting section.