Hi i have an invest account that is in dollars, is it possible to change it to uk pounds? Im finding it annoying that an dividends im getting from my uk stocks in the gia come through as dollars. I only opened in dollars as originally we didn’t have multi currency.
Currently, the only way to change your primary currency is to open a new account and close the existing one. If another alternative becomes available in the future, we’ll share the news right away
I am fairly new here, and when I had noticed that all dividends are converted into account defauld currency I decided to execute all my future investments in dividend paying stocks on a different platform. It’s a pity, I like 212’s functionalities and features, but the forced conversion of dividends is just too inconvenient. Hopefully this will be adressed sooner than later (should not be too difficult to implement - in fact it means REMOVING a step from the dividend handling by the platform).
It is, thats my problem though. Now we have multi currency id like the main currency to be pounds in my GIA! All my divs and cashback is coming through as dollars…
I wonder though as my main currency is gbp but if I get paid divs by american companies I must still have to pay the fee for the divs to be converted to pounds.
I found today in another topic that if I open a new account, it will be created under the Cyprus entity, as I am an EU resident. While there is a benefit for me that I will be able to order a T212 card, I won’t able to choose USD as a base currency, AFAIU. Can you confirm that?
Yes, your understanding is correct. You’ll be unable to set USD as the primary currency, but you’ll be able to make payments and trades in the currency by utilising the multi-currency feature we offer.
Got you, thanks, it’s clear now.
I don’t like that base currency is used to show the value of whole portfolio and separate positions and profit/loss, etc, and I cannot choose USD while investing more to US market.
But I like the fact I have all the information now
Huh, if you invest in USD listed asset, you will use your USD money, if you have any. You can also transfer USD directly to your T212 account. I think the only problem here is that you see the asset values in EUR, if you don’t open the asset.