Just to add more explanation.
elea88, I assume you need HKD for HKEX. IB does not have the pair SGD.HKD. So you need to convert twice, SGD -> USD -> HKD. You can follow the suggestion by
rjb123 for SGD -> USD (meaning to BUY the pair USD.SGD).
Then you need to SELL the pair USD.HKD to get your HKD.
Some basic concept about forex trading. For a currency pair, i.e USD.SGD, the first currency (USD) is the base currency, the second currency (SGD) is the quote currency.
Assumed 1 USD = 1.3514 SGD.
When you :
1) buy 10,000 USD.SGD, you will get 10,000 USD. For this BUY, 13,514 SGD will be deducted from your IB account. The commission charged is 2 USD. Buying a currency pair will give you the base/first currency.
2) sell 10,000 USD.SGD, you will get 13,514 SGD. For this SELL, 10,000 USD will be deducted from your IB account. The commission charged is 2 USD. Selling a currency pair will give you the quote/second currency.
IB has a youtube channel with tutorials, i.e.
Forex with WebTrader Hope this helps.
Is it a must to transact with min USD25k via Ideal pro ?Can I use transect using SGD 8k?