Pie segments, buy in NASDAQ or LSE?

🥧 Pies & AutoInvest
1

Hi

I want to create a pie with about 10 companies. Some of the companies are listed on NASDAQ & LSE (and others).

My question is which exchange it is sensible to buy in (when listed on both).

I am from UK, and my primary currency is in GBP.

T212 have already advised the below… and my interpretation is to avoid currency exchange I should by on LSE.
However, i also note the text “When placing an order, you can select between your primary currency and the asset’s currency to avoid FX fees”… so am i able to buy on NASDAQ and then make a decision (somewhere) that would mean no extra charges?

"When adding a company to a pie that is listed on multiple stock exchanges, you should consider the following:

- Primary Currency: Pies hold cash in your primary currency. You will need to use your primary currency balance when adding or taking out funds from your pies.
- Currency Conversion Fees: Currency conversions are charged at our standard FX fee of 0.15% (0.40% for clients of Trading 212 AU). This applies to any transactions involving different currencies.
- Investment Currency: When placing an order, you can select between your primary currency and the asset’s currency to avoid FX fees."

Thanks!

2

Is there any stamp duty on the LSE position, that’s probably your answer. Why pay 0.5% when you can pay a 0.15% fx fee to buy in USD instead?

3

Are you using an ISA

4

Hi, yes this would be a pie in a S&S ISA.

5

I’m not sure about the stamp duty, how would i check? take as an example, Tesco, TSCO on LSE, and TSCDY on NASDAQ…

6

A lot of this wont apply to you then as the S&S ISA isnt a multi currency account. You can buy and hold stocks in foreign currency, but you can’t hold that currency as cash - only GBP.

In terms of the Tesco example, it almost every case it’s best to buy where the stock is the most liquid. When researching the stock with multiple listings, look at its average daily traded volume, the higher the better.

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7

Thanks - appreciated.

8

Follow up on this, where in T212s UI can i see stats about the average daily traded volume? thanks

9

Not sure if they have it. Have a Google it’s the best way most times.

Or use Finchat.io

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