MEXEM FAQ Tags

fxconv

Trading

Why would I submit an FX transaction to the FXCONV destination?

If you don't need average cost or P&L tracking for your currency trades, route orders to FXCONV. Orders via FXCONV don't affect Virtual FX Positions or P&L in your trading platforms. However, IDEALPRO orders do influence these. All MEXEM currency trades, whether through FXCONV or IDEALPRO, involve currency conversions and don't affect Activity Statements' P&L. Only TWS allows FXCONV selection, while other platforms use IDEALPRO.

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