MEXEM FAQ Tags

fx

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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Trading

Where can I find my actual cash balances in TWS?

In order to see how much cash is in your account, click on the Account menu option in TWS followed by Account Window. Scroll down to the section titled Market Value - Real FX Balance...

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Trading

What is the point of the FX Portfolio - Virtual FX Positions section of the Account Window?

The FX Portfolio in the Account window tracks currency trades for FX traders. Virtual FX Positions show average cost and running P&L, but don't reflect actual cash balance. Right-click to adjust position value. For real-time currency balances, check Total Cash in the Market Value section. Use FXCONV to avoid currency conversions.

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