Invest FX markup

🤝 Help
1

Hello, why does your “inter-bank exchange rate” have bigger spread than IBKR ?

IBKR - EURCZK spread 38 pips:

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image516Ă—155 10.6 KB

Trading 212 Invest EURCZK - spread 82 pips:

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image455Ă—172 6.58 KB

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image454Ă—162 6.25 KB

Please, could you be more transparent about the actual spread/markup ?

2

When converting funds between currencies in your invest account, you always receive the live interbank rate with no added spreads or markups. A few points to have in mind, though:

  • For weekend conversions, the last available interbank rate from the previous weekday is applied, as live interbank rates are not available during weekends.

  • If an interbank rate is unavailable, we use Mastercard’s exchange rate, also without any additional spreads or markups.

2 Likes
3

Hi @Bogi.H, thank you for explanation, but why is that rate consistently worse than IBKR ?

Also what are the conditions for falling back to MC rate (since they have pretty wide spread) ? Is it only exceptional case like connection problems ?

Could you maybe display in exchange window also the current actual spread in addition to FX fee so that it’s clear what will be the actual cost of the exchange ? Ideally I would like to see Δ / % from the mid-rate.