Hi, i want to make a GBP transfer into my account (It is a GB account obvs) When i purchase a US based stock in USD, what conversion rate is applied?

Hi, The conversion rate which is actual on the moment of execution of your order. Conversion rate will be used as long as you hold shares, so it will affect the result. Result isn’t only profit/loss in share price.

There are many forms of conversion rate. At the time of purchase, where do i see the ‘actual’ rate which is applied?

What other forms are there? I was only aware of 1, the USD/GBP exchange rate.

If anyone has this same question and need this information in the future - refer to the below. The question basically being, ‘what is the usd rate you apply and where can you find it’ I have provided the message that support sent me below. Greetings, Thank you for contacting us, we hope this ema…

[image] swimwithfishes: using the current exchange rates which we display on our CFD platform, which you can access by having a CFD account Where does one look to find an fx rate on the CFD platform? I see buy and sell prices for CFD currency pairs, but that is not the same thing as currency …

@Richard.W The existence of bid & ask doesn’t mean that there’s a charge - there’s always a bid & ask, even when banks exchange currency between themselves.

OK. I was under the mistaken impression that currency conversion was being done at some midpoint spot rate. Still $12298 -> £10000 -> $12296 is a small round trip loss.

Apology accepted :stuck_out_tongue:

I have been trying to determine the true cost of GBP/USD currency conversion when investing/trading with T212. I have seen other brokers applying fx charge of 1.5%, 1%, 0.1% and 0.02%. In the case of one broker I know the 0.1% is applied to the mid spot rate. I am curious what is the effective % cur…

@Richard.W So if I understood correct the previous feedback is nit accurate? [image] Multicurrency account GBP/EUR/USD etc 💡 Feature suggestions & ideas Similarly 10000 EUR round trip via USD becomes 9998. 90 EUR. These spreads do varying and are not always exactly the s…

US Dollar Conversion Rate

🤝 Help

Vedran April 26, 2020, 6:15pm 12

@Richard.W

So if I understood correct the previous feedback is nit accurate?

Topic		Replies	Views
Main currency for account 🤝 Help	6	4166	May 11, 2020
Conversion fees from EUR to USD 🤝 Help	8	2418	October 6, 2020
Converting Funds 📊 Investing	2	865	June 5, 2023
Is there a hidden fees inside the Trading212 exchange rate? 💬 Trading 212 chat	5	2078	January 16, 2021
Currency Conversion Charge Calculation Query 🤝 Help	10	2242	December 8, 2020

US Dollar Conversion Rate

Related topics