My money is evaporating without trading!

🤝 Help
1

I’ve recently opted in to receive Interest On Cash and ever since my account seems to decline steadily after I make a good trade.

For example yesterday I made a trade which resulted in ($111) ÂŁ86 gain with no FX fees (since I only trade US stocks and store the money in $) :down_arrow:

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IMG_76471125Ă—889 69 KB

Then later today all those gains have since gone :down_arrow: even though I didn’t trade anything since.
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IMG_76541125Ă—1301 116 KB

This happens every time I make a good trade :down_arrow:
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To the point which this steady decline outpaces my daily interest and stock gains (BTW I haven’t had a bad trade this past week).

Would appreciate if someone could help.

(PS I’m aware that in the T&C of IOC it states that when opting in your account balance can go down since it’s invested in QMMFs)

2

Your account value is in GBP so even, if you’re only trading in US stocks and keeping cash in USD, the exchange rate will be taking effect.
Have a look at the GBP/USD graph, available as read-only in invest accounts if you don’t have a CFD account, compared to your account value.

1 Like
3

Here’s the GBP/USD graph from today (+1.32%):

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Here’s my balance for today (-1.2%):
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Note that I didn’t trade or hold any shares here👆

4

But you held usd cash and your account is reported in gbp?

5

This is you can buy more USD for each GBP by 1.32%, so because you store your funds in USD, in GBP terms you have less.

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