How will UK HMRC tax reporting work with daily interest on USD held in the account? I understand that daily interest needs to be converted to GBP equivalent the same day. Would Trading212 provide any statement to assist with filing Self Assessment in the UK. Alternatively, an option for weekly interest would at least reduce the paperwork.
212 donāt and shouldnāt give tax advice, but I would take your interest earned over the year / exchange rate at end of 12 month reporting period for foreign interest.
Above is not tax advice, but I think as long as you are sensible / consistent then itās fine by HMRC.
I had converted GBP to USD in my invest account, bought US shares. Today, I had sold some of the US shares - my balance shows in GBP, and not in USD.
Arent the proceeds of the sale expected to still be in USD ( until I convert it back to GBP)?
Fair enough. Or use a monthly average and aggregate over 12 months. Thank you.
Just noticed, in settings āCurrency optionsā, the default for selling currency is set to GBP.
Why would the app set the default value to this? So, unless the users have changed this setting, they will keep paying FX fees on every sale/purchase of US shares?
You pick it when you set up the account, or you used to and itās a setting carried over.
Can you also add Bahraini Dinar (BHD) to your list of multi-currencies?
When investing in stocks that are priced in a currency different from oneās base currency, it shows the total value and return in the base currency only. Thereās also gain/loss and fx impact subsections for the return itself, and those are also only displayed in the base currency.
Basically right now itās impossible to know exactly whatās the value and return for a given stock in the same currency as this is bought/sold.
It would be nice to be able to have that as an option or an additional field shown inside a given holdingās page.
Thank you for considering
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Any plans for AUD now that Australian accounts exist?
@Usman_Nawaz At the moment, we donāt have such plans, but Iāll be happy to forward your feedback to the team.
@znicho If youāre based in Australia, the primary currency of the account will be AUD. Thatās one of the supported currencies for the multi-currency feature.
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We can see the local currency return (āGain / Lossā), currency return (āFX Impactā) and total return (āReturnā) that includes both.
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Iām not, based in UK with account in GBP, but would like access to AUD and ASX stocks through T212.
@RLX what do you mean by ālocalā currency?
those numbers that you show in the screenshot, they are all displayed using the accountās ābaseā currency, which is chosen at the time of the account creation and cannot be changed subsequently.
I would like to optionally see them in the same currency as that particular stock or share is priced in. E.g. my base currency is GBP and then I buy some stocks that are priced in USD (I might have even deposited USD directly and avoided any FX conversions to buy those). I would like to also know the total value and the return for that particular investment in USD (the currency used to buy it in the first place), regardless of my base currency.
āLocal currency returnā (āGain / Lossā) is the return of the share in its local currency (in this case its an USD stock).
āCurrency returnā (āFX Impactā) is the FX return of the share (in this example, its FX rate USD/EUR return, EUR is my base currency)
āTotal returnā (āReturnā) that includes both, the return in local currency and FX return.
those numbers that you show in the screenshot, they are all displayed using the accountās ābaseā currency,
The returns converted to my accountās ābaseā currency is the āTotal returnā (āReturnā).
I would like to optionally see them in the same currency as that particular stock or share is priced in. E.g. my base currency is GBP and then I buy some stocks that are priced in USD (I might have even deposited USD directly and avoided any FX conversions to buy those).
ā āLocal currency returnā (āGain / Lossā) is the return of the share in its local currency (in this case its an USD stock).
I would like to also know the total value and the return for that particular investment in USD (the currency used to buy it in the first place), regardless of my base currency.
ā The USD (ālocal currencyā) return is āLocal currency returnā (āGain / Lossā)
The only thing missing is the market value in local currency (in this case USD), but itās easy to calculate, āSharesā x āCurrent Priceā.
Can you show me where to look perhaps with a screenshot? thereās no mention of ālocal currency returnā in my T212 app.
I can see the GAIN / LOSS subsection alongside FX IMPACT, both nested under RETURN.
All of the above figures, as well as the total value of the shares, are shown in my accountās base currency. The only figures displayed in the currecy of a particular stock are the current and average prices.
I give you a concrete example that applies to me directly. My account base currency is USD, but I have a pie where I auto-invest in an etf called VAGP (Vanguard Global Aggregate Bond ETF) which is priced in GBP.
This is how it appears in my app. In particular notice how everything (apart from the price) is displayed in USD. I would like to be able to know the total value and gain/loss in USD, not in GBP, or maybe in addition to that.
Based on image:
āGAIN / LOSSā is the return (%) in their local currency (USD)
āFX IMPACTā is foreign exchange return (%) to your base currency account (GBP to USD)
As your base currency is USD, all the values are shown in USD.
Your investment is shown in your base currency (USD) and valued in 23,6k USD.
āRETURNā shows your total return in your base currency (USD), with value and %. It aggregates the 2 below subsections.
Your image has everything related to return and value in USD. The only thing that you have in GBP is the ETF currency (GBP) price.
Imagine that you invest in an USD stock/ETF and your base currency is USD, you wonāt have the subsection āFX IMPACTā due that you arenāt subject to foreign exchange.
I understand what you said but you donāt seem to understand me. I would like to be able to see the total value and return gain/loss in the same currency as that particular investment (GBP for VAGP) and not only in my base currency (USD). My base currency is impossible to change without closing and reopening my account.
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I also agree, investment info should be shown in investment currency, not local currency. FX impact should be impact to investment vs local currency
Now I understand. 
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AUD currency please?
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