Help: Free founds wrong calculation - ✅ Solved

💡 Feature suggestions & ideas
1

Hi,
I just figured out that my account calculation is very very wrong.

buy 30 shares, open at 119.23, current 123.10 result 24.82, 0.77% my result: 116.1---- 3.2%
buy 178 shares, open at 11.83, current 14.68, result 386.23, 20.19% my result: 507.3 — 24.09%
buy 55 shares, open at 53.8973, current 44.38, result -562.83,-20.71% my result: -523.45 — 17.658%
but 116 shares open at 76.1506, current 60.40. results -1903.16, -23.53% my result: -1827.0696 — 20.68%

This is very shocking, I didn’t realise it before, I will also re calculate other closed trades.

2

It is quite unlikely that the calculation in the platform is wrong. There are several possible explanations.

You are using the buy price to calculate the current value rather than the sell price

You have forgotten about currency exchange effects

You are reading a price as if it were £ but it is actually $ or visa versa.

If on the CFD platform, you are forgetting about overnight interest fees and foreign exchange fees.

To help more, we need to know what stocks these are and the currency units.

3

Thanks for your replying. All shares I bought are in us dollars. I notices that the market value is in euros. but it doesn’t corresponding to my calculation at all

4

If you give the full details of one of these transactions we can probably explain it. But it is impossible to help without full details.

5

Hi, here is my screenshot

Screenshot 2020-06-04 at 19.25.26
Screenshot 2020-06-04 at 19.25.26806×154 16.7 KB

6

If you have a euro account and you bought shares in $USD you may not be allowing for currency fluctuation.

7

ok， that’s a point but I don’t think the currency fluctuation will be more than 2-5 % during a day.

8

It is fluctuating since you bought position. So each time you buy position it is under specific FX rate. You can check in history.

So yes FX volatility can go even +/-5%… nowdays this is common…

9

It is also worth noting that while “Price” and “Current price” are shown in the instrument’s currency (here USD), the market value and results are in the account currency (e.g. GBP).

10

I can just not understand the thing about fluctuation in my case. open at 119 dollars, current price 123 dollar, so each share i have 3 dollars profit. I bought 30, so in total i got a 90 dollars profit. now in my picture, it displays 16 dollars/ 16 euros, is it a fluctuation thing?

11

Have a read of these similar threads, same issue:

And there’s many more. Catches a lot of people out.

14

if you don’t want to help, then it’s fine. don’t be so rude. Are you sure you are a clever person?

15

Here is prime example of FX rate change on Buy vs current FX rate.

20200604_195615
20200604_1956151080×222 53.5 KB

You can see my position in BP is net positive even tho current sell price is lower then my average price. The gain is from FX difference of when I purchased today vs current FX USD/GBX

16

Thanks for you help. But i don’t think it’s the same issue, when the difference is from 90 dollars to 16/euros/GBP/Dollars. I check the currency I bougt 7 days ago and today. 90 dollars cannot be 16 euros/dollars/GBP

17

Oh, this is much more clear for me. I will recheck it. Thanks a lot.

19

Disney: current price 30 * 122.86 USD = 3 685.8 USD ~ 3249 EUR using today’s exchange rate. That part looks fine for me.
If you check the contract note statement that you receive every day, you should find the USD/EUR exchange rate that was used when you bought it. You could then calculate the EUR price of your purchase and subtract 3251,65 EUR from it to see if it matches the declared result.

21
22

Well.i have same issue.
Bought almost 3months ago Gilead stock at 75.55$ and now its 76.80$ and i am in red.Does anyone know why?
When i bought it pounds was 2cents less than today…so its not exchange issue

image
image828×1792 153 KB

23

Thanks for your explanation. I understand that is the difference of market value.

25

Thanks, I got it. I thought it is the same as other trading platform. which calculate the percentage of the share prices. while here it is the market value, it makes sense