Recent content by OhBlah

What I did to get around this limitation is to buy say $10k of stock and wait for the margin call, which will then automatically convert your AUD to USD. Once that happens you can sell the stock and the money will returned to you as USD. I've done this twice, the 1st time it took 12 minutes for...

Regarding the Forex restrictions for Australian clients of Interactive brokers... I found a way to get around it. Here is what I did to convert my AUD to USD (I have a cash account, no margin): 1) Transfered AUD into my account using BPay 2) Brought some US stock, in my case AMZN at around...