Hey guys, I’m wondering how the currency exchange fees are working on Trading212? I always transfer GBP to my account and I mostly trade on US markets. Is there a fee every time I buy and sell a stock? If yes, can I change my base currency to USD and transfer USD to my account?

Thanks for your quick response. I’m interested on CFD account

For CFD there is a 0.5% FX fee.

There is no currency exchange fee, but there is a small sell and buy spread. So you do lose a tiny bit on each fx exchange compared to that instant’s average between buy and sell spot rates. All other things being equal (no change in prices or fx rate) a round trip GBP-USD-GBP seems to cost about 0.…

@Richard.W That’s a very good explanation, thank you! So what I’m seeing between the Buy/Sell prices is the spread. Maybe it’s not necessarily worth it to exchange GBP to USD before transferring money to T212.

[image] toobig4u: Maybe it’s not necessarily worth it to exchange GBP to USD before transferring money to T212. I’m glad my research and explanation is helpful to you, and to see that T212 staff have given my post their likes. I’m not sure what you mean about exchanging GBP to USD before tra…

Main currency for account

🤝 Help

George May 8, 2020, 9:21pm 2

Hi, there are no currency exchange fees for Invest and ISA accounts.

Double currency conversion for invest account

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Main currency for account

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