# Introduction of FX Conversion Fee **URL:** \ **Category:** 📊 Investing\ **Created:** [March 2, 2021, 8:14am UTC](https://community.trading212.com/t/introduction-of-fx-conversion-fee/46787 "2021-03-02T08:14:15Z")\ **Posts on this page:** 20\ **Page:** 16
**Author:** ![Dao](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/dao/32/20739_2.png) [@Dao](https://community.trading212.com/u/Dao)\ **Post date:** [March 5, 2021, 2:26pm UTC](https://community.trading212.com/t/introduction-of-fx-conversion-fee/46787/314 "2021-03-05T14:26:15Z")
Multi-currency accounts are not on the table currently, as has been address in the dedicated topic. ---
**Author:** ![Drej](https://avatars.discourse-cdn.com/v4/letter/d/cdc98d/32.png) [@Drej](https://community.trading212.com/u/Drej)\ **Post date:** [March 5, 2021, 2:31pm UTC](https://community.trading212.com/t/introduction-of-fx-conversion-fee/46787/315 "2021-03-05T14:31:46Z")
Thank you Dao, my feedback was for the Trading 212 team @David to consider as I am not happy to be charged an FX fee twice simply to reinvest dividends. If i am wrong with my assumptions about this then forgive me and I would appreciate further clarity on this subject. ---
**Author:** ![hmodh](https://avatars.discourse-cdn.com/v4/letter/h/eb9ed0/32.png) [@hmodh](https://community.trading212.com/u/hmodh)\ **Post date:** [March 5, 2021, 2:51pm UTC](https://community.trading212.com/t/introduction-of-fx-conversion-fee/46787/316 "2021-03-05T14:51:40Z")
hmmm i think this will make it uneconomical to trade and also for small investments. I would rather pay a small monthly fee for extra features rather than a fx fee. Why do you not support multi currency account. When i sell a stock why do i have to convert back to my currency every time? ---
**Author:** ![Domenico](https://avatars.discourse-cdn.com/v4/letter/d/8e7dd6/32.png) [@Domenico](https://community.trading212.com/u/Domenico)\ **Post date:** [March 5, 2021, 2:53pm UTC](https://community.trading212.com/t/introduction-of-fx-conversion-fee/46787/317 "2021-03-05T14:53:01Z")
I’m sorry to say, but this statement is not supported by the facts. I signed up for Trading 212 trusting to be able to continue buying shares without commissions, but now two commissions are introduced after a few months. I understand that the business should be supported but I would have preferred it to be clear at the time of registration that commissions would be introduced in the future. ---
**Author:** ![hmodh](https://avatars.discourse-cdn.com/v4/letter/h/eb9ed0/32.png) [@hmodh](https://community.trading212.com/u/hmodh)\ **Post date:** [March 5, 2021, 2:54pm UTC](https://community.trading212.com/t/introduction-of-fx-conversion-fee/46787/318 "2021-03-05T14:54:45Z")
I mean it will probably mean less transactions and people may switch to other brokers. where you can keep your money in USD…use evolut o fund your account with a one off fx fee ---
**Author:** ![pintas](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/pintas/32/5395_2.png) [@pintas](https://community.trading212.com/u/pintas)\ **Post date:** [March 5, 2021, 2:56pm UTC](https://community.trading212.com/t/introduction-of-fx-conversion-fee/46787/319 "2021-03-05T14:56:12Z")
If the multi currency is not supported, they receive a LOT MORE fees from Fx… ---
**Author:** ![hmodh](https://avatars.discourse-cdn.com/v4/letter/h/eb9ed0/32.png) [@hmodh](https://community.trading212.com/u/hmodh)\ **Post date:** [March 5, 2021, 2:57pm UTC](https://community.trading212.com/t/introduction-of-fx-conversion-fee/46787/320 "2021-03-05T14:57:50Z")
yeh ofcourse, it’s a business reason and i guess they are a for profit company. It’s a free market and they can remain as competitive as they want. IF people dont like it then they will vote with their money and move their accounts. plenty of brokers out there ---
**Author:** ![dabear](https://avatars.discourse-cdn.com/v4/letter/d/f4b2a3/32.png) [@dabear](https://community.trading212.com/u/dabear)\ **Post date:** [March 5, 2021, 3:01pm UTC](https://community.trading212.com/t/introduction-of-fx-conversion-fee/46787/321 "2021-03-05T15:01:58Z")
> [@Drej](#): > > Please can you look into direct reinvestment of dividends without FX fees Excellent suggestion, rather than converting dividends to local currency - just reinvest in to the same company, with no need for fx fees. ---
**Author:** ![hmodh](https://avatars.discourse-cdn.com/v4/letter/h/eb9ed0/32.png) [@hmodh](https://community.trading212.com/u/hmodh)\ **Post date:** [March 5, 2021, 3:08pm UTC](https://community.trading212.com/t/introduction-of-fx-conversion-fee/46787/322 "2021-03-05T15:08:53Z")
yeh, it doesn’t mke sense why it would be converted and users charged an fx fee is it isn’t going into their cash. obvious way to increase fx fees lol ---
**Author:** ![Domenico](https://avatars.discourse-cdn.com/v4/letter/d/8e7dd6/32.png) [@Domenico](https://community.trading212.com/u/Domenico)\ **Post date:** [March 5, 2021, 3:39pm UTC](https://community.trading212.com/t/introduction-of-fx-conversion-fee/46787/323 "2021-03-05T15:39:35Z")
> [@Introduction of FX Conversion Fee](https://community.trading212.com/t/introduction-of-fx-conversion-fee/46787/103): > > @David I don’t think it’s a smart move if you wanna keep your eurozone customers. You don’t offer enough instruments in EUR thereby forcing us to buy with a FX fee that is higher than commissions on other platforms. Here is an example: Let’s say I wanna buy the iShares Clean Energy ETF. On T212 platform it’s not available in EUR, so I’ll have to pay 0.3% in fees . In that case, it’s more affordable for me to switch to Saxo Bank and buy the ETF in EUR: no FX fee and only 0.2% in commissions.… > [@Introduction of FX Conversion Fee](https://community.trading212.com/t/introduction-of-fx-conversion-fee/46787/102): > > Trading 212 will now introduce all the currency versions of ETFs???@David and @Team212, with the [Introduction of FX Conversion Fee](https://community.trading212.com/t/introduction-of-fx-conversion-fee/46787), it means that Trading 212 will now introduce: All the currency versions of ETFs, including the EUR versions of ETFs? And add more EUR-denominated stocks? (All with fractional shares.) Because, let’s face it, Trading 212 is UK-biased, lots of GBP-denominated ETFs and stocks (including secondary and lesser liquid UK stocks), specially as EUR is the 2nd m… I agree with what you two said. Unfortunately, there are very few ETFs in €. Even before the introduction of the FX fee, consider carefully whether to buy ETFs in a different currency. Now I believe that I will opt for a broker in my country so that I can buy ETFs in €, also I will avoid the costs of the tax accountant as Trading 212 does not issue a valid declaration for my country. ---
**Author:** ![RaposoManolo](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/raposomanolo/32/8655_2.png) [@RaposoManolo](https://community.trading212.com/u/RaposoManolo)\ **Post date:** [March 5, 2021, 3:51pm UTC](https://community.trading212.com/t/introduction-of-fx-conversion-fee/46787/324 "2021-03-05T15:51:50Z")
Will our dividend be paid on time at least? ---
**Author:** ![Investor212](https://avatars.discourse-cdn.com/v4/letter/i/edb3f5/32.png) [@Investor212](https://community.trading212.com/u/Investor212)\ **Post date:** [March 5, 2021, 4:27pm UTC](https://community.trading212.com/t/introduction-of-fx-conversion-fee/46787/325 "2021-03-05T16:27:56Z")
Will you pay our taxes? If yes, no problemo 😉 ---
**Author:** ![ryan9921](https://avatars.discourse-cdn.com/v4/letter/r/13edae/32.png) [@ryan9921](https://community.trading212.com/u/ryan9921)\ **Post date:** [March 5, 2021, 4:51pm UTC](https://community.trading212.com/t/introduction-of-fx-conversion-fee/46787/326 "2021-03-05T16:51:42Z")
> [@Drej](#): > > Please can you look into direct reinvestment of dividends without FX fees. Second this as a good idea. Not sure if possible or if it complies with regulations in an ISA (?) but definitely a good idea, worth getting a response on Seems pointless if you have auto reinvestment for dividends setup that you’d be charged a fee on receiving the dividend and then buying again (Btw I barely ever get dividends and don’t use pies so if I’ve badly misunderstood how this process works then sorry in advance 😂) ---
**Author:** ![Andyk132](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/andyk132/32/21344_2.png) [@Andyk132](https://community.trading212.com/u/Andyk132)\ **Post date:** [March 5, 2021, 5:14pm UTC](https://community.trading212.com/t/introduction-of-fx-conversion-fee/46787/327 "2021-03-05T17:14:08Z")
I don’t want to pay a monthly subscription, I mainly focus on uk stocks anyway ---
**Author:** ![Masterio](https://avatars.discourse-cdn.com/v4/letter/m/59ef9b/32.png) [@Masterio](https://community.trading212.com/u/Masterio)\ **Post date:** [March 5, 2021, 6:33pm UTC](https://community.trading212.com/t/introduction-of-fx-conversion-fee/46787/328 "2021-03-05T18:33:35Z")
Totally agree, I would much prefer to pay a monthly fee of even £30+ to have 0% fees as I do alot of trades on a daily basis ---
**Author:** ![VicVega](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/vicvega/32/13582_2.png) [@VicVega](https://community.trading212.com/u/VicVega)\ **Post date:** [March 5, 2021, 6:39pm UTC](https://community.trading212.com/t/introduction-of-fx-conversion-fee/46787/329 "2021-03-05T18:39:25Z")
Agreed, if this complies with regulations, it should be our top requested feature. ---
**Author:** ![Masterio](https://avatars.discourse-cdn.com/v4/letter/m/59ef9b/32.png) [@Masterio](https://community.trading212.com/u/Masterio)\ **Post date:** [March 5, 2021, 6:43pm UTC](https://community.trading212.com/t/introduction-of-fx-conversion-fee/46787/330 "2021-03-05T18:43:49Z")
Hi David & team, I have serious worries that the implementation of an FX fee on every buy/sell will affect many day traders who complete a high frequency of trades. This service is so good without fees that I’d happily pay a monthly subscription of say £30+ a month to have 0% fx fees on trades. I hope this can be implemented as this introduction significantly effects high frequency traders who may have to look elsewhere. Thankyou in advance ---
**Author:** ![reuben](https://avatars.discourse-cdn.com/v4/letter/r/54ee81/32.png) [@reuben](https://community.trading212.com/u/reuben)\ **Post date:** [March 5, 2021, 6:54pm UTC](https://community.trading212.com/t/introduction-of-fx-conversion-fee/46787/331 "2021-03-05T18:54:06Z")
Ok, I’m out. I was okay with T212 because of it being very cheap/free. If I am going to have to pay fees anyway, I would rather use an actual better broker. ---
**Author:** ![Masterio](https://avatars.discourse-cdn.com/v4/letter/m/59ef9b/32.png) [@Masterio](https://community.trading212.com/u/Masterio)\ **Post date:** [March 5, 2021, 6:54pm UTC](https://community.trading212.com/t/introduction-of-fx-conversion-fee/46787/332 "2021-03-05T18:54:07Z")
Exactly the same situation, it is called trading212 not investing212 and it is driving out traders with % fees. A monthly fee is needed ---
**Author:** ![Seanyc5](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/seanyc5/32/212_2.png) [@Seanyc5](https://community.trading212.com/u/Seanyc5)\ **Post date:** [March 5, 2021, 6:57pm UTC](https://community.trading212.com/t/introduction-of-fx-conversion-fee/46787/333 "2021-03-05T18:57:20Z")
I think a good solution would be say 5 trades a month no FX fee. 5-10 - 0.15% and so on for multiple bands. Those who are making many many trades a day would obviously rather pay a fixed amount per month. Personally, I probably make about 10 buys a month on US stocks at most. Direct dividend investment sounds like a great idea as well or even just make it so that dividend reinvestment is not subject to the 0.15% fee. Really the fee is still very low it will only really be noticed by people who are day trading rather than investing mid to long term. [Previous page](https://community.trading212.com/t/introduction-of-fx-conversion-fee/46787.md?page=15) [Next page](https://community.trading212.com/t/introduction-of-fx-conversion-fee/46787.md?page=17)