Most of the funds in my personal bank account are not denominated in EUR or USD so I have to do a conversion before depositing funds into Trading 212. For me, it doesn’t make sense converting from one currency to EUR to then have Trading 212 convert it again to USD to buy US stocks. I understand you don’t charge a currency conversion fee, but I think it’d be better for me to deposit in USD if most of my portfolio is built around US stocks.
Also, it’s my understanding that if a US company pays out a dividend it is paid out in US dollars. Does this get converted to EUR in Trading 212? If that’s the case, I’m running a slight currency risk.
How can I deposit in USD, do I have to open an entirely new account?