You still have to pay 0.50% fx fee on each trade, which is a lot higher than Trading 212’s 0.15%. The 3+ only saves from commission.
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As far as I know you only have one account with one currency.
In this one account you will automatically have Invest and CFD, S&S ISA under one account umbrella.
The problem here for many people in the UK having a US$ account, might not be an option if you want to have a S&S ISA. The.S&S is a UK government program for tax exemption purposes and therefore it has got to be hold into GBP.
If T212 could split ISA and (Invest account+CFD), so a person could have ISA account in GBP with one email and the same person could have another account in US$ for CFD and Invest with another email. it could solve the problem.
Other people please correct me if I am getting it wrong.
Thank you for your response. This is really one of my concerns as i would prefer to trade in the ISA for obvious reasons.
very disappointing news.
I have an ISA in GBP and a CFD in USD
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This is very significant! If you have an INVEST account, what currency is it?
Do you need separate login information for your ISA and CFD?
No I use the same login for both of my accounts. I don’t have an Invest one yet though that’s the thing, I plan on opening it within days, it’s already in the list of accounts available to me when I’m switching between ISA and CFD but I haven’t gone into the Invest one yet but will do so shortly but if I can’t set the base currency to something other than GBP then I’ll abandon and go elsewhere
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How did you make your CFD account have a different currency from your ISA?
I didn’t realise this was an issue until I read this thread as I encountered no problems but come to think of it I believe I opened my CFD account first and had the option to select the base currency, what it sounds like reading some of the posts here is if you opened the ISA first you don’t get a choice when opening the CFD one but that doesn’t make any sense as there was no FX fee before so why would they care what it was denominated in? Unless something has been put on recently to stop people having the choice ahead of the fees coming in
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Rocky I am not quite has does it work.
When I open an account, I din’t remember whether I needed to choose ISA, CFD or Invest. What I remember is to open Trading 212 AC and choose currency and you get all the three accounts automatically.
It is quite strange if you only get two accounts when you open an account. I have two practice accounts and I got the same experience. I do not remember I need to choose whether it is CFD, Invest or ISA. All of them are automatically added. Other people might want to try to open a new practice account using another email account and see whether it could work. or Has anyone else could confirmed this??
I start moving my US stock trading to eToro. With eToro you could avoid this currency fee when you feed it from Revolut. You exchange £/US when the currency exchange rate is in your favour and feed it to eToro from Revolut. Also, your account is hold in US$ so you could recycle this US$ for trading indefinitely. It is also a free trading platform
If you trade a lot of US$ this change will really kill you. You get hammered twice. when you buy it and when you sell it? Let alone when the currency exchange is not in your favour when you buy or sell it. Also what is bad here if you have bought a lot of US$ stock.
Has anyone tried to open another account using anohter email and maaged to add fund the real account ?
The idea of opening another INVEST/CFD account with the desired currency using a second email address is generating a lot of interest on this topic.
I think somebody from @Team212 needs to explicitly tell us if this is supported and if not, why not?
I previously asked about the possibility of having both Retail and Pro CFD accounts using separate email addresses. @David said “No” without further explanation.
For those of you with trusted partners, you could always open a new account in their name if they don’t already have one.
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you also said that we’d have multi-currency accounts by the end of last year. and that fees wouldn’t increase. what of it? and you want people to believe you? 
we also didn’t receive any email regarding this fee increase. I stumbled upon this accidentally.
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Isn’t there a problem about withdrawal? I read that eToro does not allow withdrawal of USD to a Revolut account. What have you found?
I believe there is. But I have not tried it yet. But the idea here is “to recycle” that money for US$Stock trading indefinitely.
Amended:
There is a withdrawal flatfee of $5
https://www.etoro.com/customer-service/help/915653312/how-do-i-withdraw-funds-from-my-account/
But you will not need to pay the fee if you do not withdraw it and just recycle your money into your trading ac for trading. If you have to make a withdrawal make sure you withdraw a large amount in one go to minimise the impact of that fee.
I opened my account a year ago but I can’t exactly remember the process but yes all three accounts were available immediately but I think at the time I wasn’t bothered about the ISA because I had one already elsewhere and wasn’t looking ahead to the next tax year, I signed up for CFDs but I did use a referal link and got the free share in the ISA account when I got round to funding it.
Maybe as you said I did select USD at signup instead of GBP as that’s what I wanted for my CFD trading but as the ISA probably has to be GBP by default I ended up with two accounts with different currencies. In which case I would expect my Invest account to also be in USD as I selected that at the start. Doesn’t seem to be anyway to change the CFD currency later on but I closed/emptied mine with 212 anyway after all the restrictions on trading
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Brokerchooser.com says
However, eToro states that you can use your Revolut account to deposit and withdraw in GBP and EUR. Revolut payments in USD are not supported, so this means you cannot save Etoro’s USD conversion fee with Revolut.
Brokerchoser has good reviews, but some information they post appears to be out of date. Their review of Trading 212 strangely says that it is not available to UK clients!
I think your case is that you open it about a year ago where at that time they might still allow the same person to have two different accounts with the same personal ID.
If other people could confirm it they manage to open two accounts with two different currencies, it will be the solution for what people have been talking that it is not currenlty possible in this thread.
But please differentiate with practice account. With practice account you could always have many accounts with different currencies using different ID, email. But for real account that you actually use it for real trading, you will need to give your real name, address, DOB, bank ac, NI Number etc and other personal data.
Also, it is your own interest for the purpose of adding or withdrawing money.
RichardW Not true. I just open mine and already feed my eToro account in US$ currency using Revolut Debitcard a few times. No fee on both ends.
Also a few people have confirmed their personal experiences here.
It is not possible to have two accounts with a different email address. You will be able to open only one CFD/Invest/ISA under the same email address.
Furthermore, ISA can only be opened in GBP and hence why the rest of the account types might differ (i.e. you have created a USD Invest account, and later on, you have also decided to sign up for ISA. It’s expected behaviour).
So a partial solution would be to have the invest account in USD and ISA in GBP.
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