Hello,
I would like to draw users’ attention to an important point regarding the ProRealTime offer with Interactive Brokers.
ProRealTime receives credit interest on certain cash balances held in foreign currencies without passing it on to the client, while debit interest on negative balances is indeed charged.
This mechanism can have a significant financial impact for clients who maintain substantial cash balances in a multi-currency account, particularly during periods of high interest rates.
In my view, this information should be presented in a much clearer, more explicit, and quantified manner upfront, as it directly affects the real economic cost of the relationship.
This is not merely a theoretical issue: when platform fees, execution fees, market data fees, and the non-payment of credit interest are all taken into account, the overall cost borne by the client can be materially increased.
I am sharing this message to find out whether other users have identified the same issue and, if so, what concrete impact it has had on their accounts.
Thank you,
Florian