I live in the EU, my bank is in the EU and I deposit funds into my account as EUR
Yet, 99% of my transactions are on the US market.
I just found out that every time I was buying a US share, I also pay conversion fees from EUR to USD, and then when I sell the shares I pay again conversion fees from USD to EUR, then I buy another US share, so I pay another conversion fee, and so on…!!! Today I made +$86 net on a transaction but only +€10 were added to my available funds… the rest? gone as fees!!
Why I can’t keep my balance in USD? and only when I want to withdraw money or deposit money, you can charge me the conversion fee, but not with every buy/sell transaction!
This is how it looked like today (before I eventually sold QCOM)