There’s a lot of unnecessary arguing going on here, but it is extremely simple:
Requiring that I fully close all my T212 accounts, including a separate ISA account in my name, and then join the queue to open a new account so I can access that feature makes no sense to me.
Again, PLEASE review and create a way to accommodate us please.
Yes, please introduce multi-currency accounts or at least let people with an already open account to easily change the base currency.
Trading212 should of opened up multi-currency accounts before introducing this FX conversion fee.
Too late. FX rate already on for new purchases and sales of the new purchases since April, 3rd.
If you’re investing in stocks/etfs for the lang haul, this is not great, but will be okey. If you’re trying to daytrade, especially using leverage with CFDs, you will not make any money. Do not try to daytrade actively with stocks not in your base currency.
Not a great decision, but T212, should let us be able to choose base currency in settings, or let us create multiple currency accounts.
Fx fee has always been present in CFD.
Regarding the fx fee can someone explain me why this fee is not taken into consideration in the calculation of the result(profit or loss) of a buy/sell operation? I would like to understand the logic behind it
The result is calculated based on the Average opening price, the Sell price and the Exchange rate. The FX fee does not affect the position result. Instead, it is applied to the overall result upon closure, similar to the PTM Levy stock exchange fee.
@David, any comment on my previous post regarding a display of FX fees charged?
You will be able to check the FX fee for each individual order in your “History” → “Orders” tab. Furthermore, you can also download your trading history in a .csv file and it will feature a column showing the currency conversion fees deducted for the respective period.
As a active trader and swing trader in Europe using euro , last month I paid more than 600€ for the FX fee… That’s too much I guess I’ll change broker
Stick to 1 market and you will avoid the fees. e.g. US account and US stocks
FX Fees have been around for a while
Feels like ages and paying them feels painful 
FX Fees are a pain but any other brokers that don’t charge FX fees?
Hope US brokers land in UK soon🙏
Theres already a few like
Not going to be ISA wrapped though.
Broker Degiro has just announced that they are increasing their currency exchange fee for a manual exchange from €10.00 + 0.02% to €10.00 + 0.25%, and from 0.10% to 0.25% for an auto exchange. They are also eliminating commissions on US stocks. This moves them from being less to more costly compared to Trading 212, which has no commissions and 0.15% cost of auto-exchange, at least for those doing auto-exchange on every transaction. (Degiro does, however, offer multicurrency accounts so that the 0.25% need not be paid too often.)
Comparing €10.00 + 0.02% to €10.00 + 0.25%, it will now cost over 10x as much in fx fees to liquidate a US stock portfolio and convert to GBP. The fact that commissions are eliminated will not make up for this hike in fx fee. One could now be paying hundreds of pounds in fx fees, compared to tens. New fx fees come in force Monday 20 December. Commission free US trading from Monday November 22. If I read.correctly, every transaction, of whatever size, will from 20 December now incur a new “handling fee” of €0.50.
