Do you automatically convert non-base currency balances?

MEXEM does not act to automatically convert currency balances back to the Base Currency as this action would require assumptions as to the account holder's desired currency exposure as well as the trade price at which they would be willing to close the position. However, if the balance is below a full currency unit, MEXEM will automatically close and sweep the balance to the client's Base Currency assuming no other unsettled activity remains. There are other instances when MEXEM will act to automatically close FX balances (e.g., low balance, account close requests and margin deficiencies) and clients are also provided with an expedited process for closing and converting balances into the Base Currency. You can convert currency using any one of the MEXEM trading platforms. See: How can I convert currency at MEXEM? Additional information on situations in which MEXEM will act to close non-base currency positions can be found in our Knowledge Base.

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