Correct it isnāt, there is the now the issue people will be think about a 0.30% fee to buy and sell a non UK stock.
0.30% isnāt the same as two 0.15s, the average person wonāt notice this difference and will be very confused about these fees in most instances and be very frustrated once they are thrown onto the again with no notice.
I imagine the FX fee will be clearly stated on the order review step ā¦ if not that is an issue to complain about when the time comes, but hopefully that will help people understand
Would be good to get this confirmed ahead of time though, and also info on whether this will be incorporated into displayed PnL or just a āsurpriseā fee on the order review step
Thanks for the video. Completely agree with the points you highlighted.
Morally and ethically Trading212 stands at a very low point at the moment.
So you came here before making the video or you contacted Trading 212 with these questions before making the video?
David said that we will be receiving a notice about the fees and they will start collecting those 30 days after that. Are you supposing they will not communicate that well so you felt you need to raise awareness?
Interesting video. Thanks 
You said it yourself above, correlation does not imply causation so itās difficult to know where the truth lies.
Regardless, that 0.15% FX fee is just the dumbest move ever coming from a company with european ambitions but unwilling to offer a decent range of EUR instruments.
Now that this is happening will we see an improvement on how fast our orders are excuted on ISA and Invest. Also will the After hours and Pre Market finally become available. @David hope its not all doom and gloom. When do we get some good news that we can say awesome.
Seems like email communication on the new fee has now been sent out, along with some other changes to various documents. Read through a couple of points but doesnāt seem anything major in my view other than the fee. Although if someone fancies trawling through the amendments and producing a TLDRā¦ 
Edit: one interesting point in the email is that for already opened positions, the FX fee doesnāt come into force until 3rd May 2021
I made some computations in a spreadsheet. It that may interest others or provoke discussion. Suppose we make these assumptions:
I now compare to brokers that have multicurrency accounts so that trading avoids fx fees. Columns c-e and g are showing totals over 5 years. Columns b and f are for new money in and final withdrawal. Figures are GBP.
Different assumptions can be made. For instance if we were to completely turn over the entire portfolio each year, with 600 trades then this is the answer
In this case, a Revolut user would do better to have a Metal Account, with unlimited free trades and an annual fee of Ā£120. Doing this column h becomes 0.25%.
What about the buy and hold investor who only rebalances by selling and reallocating 1/10 of his portfolio each year?
I can keep showing tables. Eg. assume 12% growth rather than 6% growth, but that is much the same as the first table.
Things will look better for Trading 212 vs the others if one looks at a period longer than 5 years, trades less, or has less than 100% in other currency stocks.
A person who already pays for a Revolut Premium account for other reasons can deduct Ā£360 (=5 x 72) from the Revolut line in column g.
Thanks this help mate I think the ones that will suffer the most is DRIP and dividend investors.
As the numbers of trades and fx will be vastly higher as be doing more standard trades, reblance and DRIP
I donāt think DRIP and rebalancing will involve anything different to what we see in the first example. Rebalancing should not cause portfolio turnover each year to exceed 1/4 of the portfolio value.
First complete the promised improvements and open the so called new chapter and then ee can glady pay the 0.3 commission (assuming 0.15 will apply both to and from the main currency).
I must admit not the best timingā¦
My thinking is you will have fx on dividend so USD fx GBP fx USD
you in effect get 3 fx conversion vs 2
fx on dividend
fx on buy
fx on sell
I feel the same. My question is also where does it stop? They say this is it and a few months down the road a new fee comes along. I rather have a fixed fee per trade and be done with it which is also transparent, then adding and adding fees with quality going down. Now i have the feeling like whatās next? what else they gonna charge? Now it is 0.15% when will they up that for some reason like expenses are to high? Point is clarity. If you say free be free, if you do not then do not pretend to be like you are. For me that is a reason to rethink my account
I ignored fx fees on dividends. They are actually very small. If the portfolio is retuning 4% then this could amount to a total cost of about Ā£33 for dividend distribution and reinvestment over five years. The third 0.15% is already in column f.
Average portfolio is about Ā£55k. So (0.0015*2)(.04)(55000)*5 = 33.
Very high amount (for customers T212), and you forget Dividends. It is then quite different if you calculate with a few hunderts pounds. It is also important how many dividends are paying out. So actually each must made his own calculations
Also you have to calculate reinvest dividends (if you have a portfolio with 100 Stocks and invest every year 40 Poundsā¦ But as i said it depends a lot of factors (Also funding fees you should also include)
Thanks very much for this, and yes see its worst case - as in all non base currency trading. I was planning on looking at similar this weekend now but can now put my feet up instead!
Some are now thinking this but arguably any broker could do this and run the of risk of churn or rely on lazy human behavior people, to move and will moan for a while, accept it as there not much better out there move on, I think comms need better management though.
Richard, most maybe working with higher yields and more frequency will mean more trades again with DRIP hard to calculate as there too many variables in play and would depend on person portfolio
Here is the result for someone investing Ā£2000 per year with 50 trades.
If the portfolio has a dividend yield of 8% then about Ā£6 will be lost to fx fees on dividends, in total over 5 years.
That assuming no drip correct?
As run into compounding
