Jump to content

Manual Currency Conversion


Guest James

Recommended Posts

Guest James

Dear all,

I am a bit confused about the wording used to describe Manual Currency Conversion (My base account is in GBP but ALL my trades are in USD)

 

Quoting "Clients who choose to convert currencies manually will pay commission of 2 cents per share with a minimum charge of $15 on US stocks"

 

Does this means that for EVERY trade I will pay an extra fee of 2 cents per share with a minimum charge of 15$ per trade

OR

this means that ONLY when I will convert the money from USD to GBP I will have to pay the 2 cent per share charge, min charge 15USD?

Link to comment
  • 1 year later...
On 07/05/2020 at 19:39, Guest James said:

Dear all,

I am a bit confused about the wording used to describe Manual Currency Conversion (My base account is in GBP but ALL my trades are in USD)

 

Quoting "Clients who choose to convert currencies manually will pay commission of 2 cents per share with a minimum charge of $15 on US stocks"

 

Does this means that for EVERY trade I will pay an extra fee of 2 cents per share with a minimum charge of 15$ per trade

OR

this means that ONLY when I will convert the money from USD to GBP I will have to pay the 2 cent per share charge, min charge 15USD?

Hi @Ravuol and @guest James,

Our fees are transparent and I'm more than happy to go through them. 

I'm not sure if James is talking about a Share Dealing or a CFD account as the commission structure is different however I believe he was talking about Share Dealing.

If you choose the manual conversion, this means that your account will become a multi-currency account and we won't convert other currencies into GBP automatically. You will pay $0.02 per share with a minimum commission of $15 (up to 750 shares the commission will always be $15, for more $0.02 * number of shares).

If you leave the instant conversion, we will charge you 0.05% on top of the conversion rate and £10 in the first month. If you make 3+ trades we won't charge you anything during the next month, only the 0.05% fee for converting the funds. 

All this info is available here.

image.png

Thanks,

Jakub

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Recently, U.S. Senator Bill Hagerty from Tennessee spoke at the Bitcoin conference, stating his efforts to push for Bitcoin-supportive legislation to promote freedom and opportunity. This year, cryptocurrency has become a key battleground in the election campaigns. It remains to be seen whether future policies on cryptocurrency will improve.
    • The digital landscape is undergoing a profound transformation as attention, once a freely given commodity, is increasingly recognized as a valuable asset. Layer3 is at the forefront of this revolution, pioneering a new economy where attention can be owned, traded, and monetized   This innovative approach empowers individuals to monetize their engagement, providing unprecedented control over personal data. Simultaneously, advertisers benefit from transparent metrics that optimize campaign performance. Content creators are presented with diverse revenue avenues beyond traditional advertising, while the overall ecosystem experiences a more equitable distribution of value.   The implications of Layer3 extend across various sectors. Social media platforms, for instance, can leverage this technology to revolutionize user engagement and monetization strategies. Tokenomics play a crucial role in driving Layer3's economy, incentivizing participation and rewarding value creation. While challenges such as data privacy and market volatility exist, the potential benefits of Layer3 are immense   Anticipation is building as its native token $L3 is on Bitget Pre-market as users await its listing on the exchange. This milestone is expected to significantly increase the token's visibility and accessibility, potentially driving substantial growth and attracting new investors. As the countdown begins, the crypto community watches with keen interest, eager to see how Layer3 will perform in this new chapter.
    • I've been exploring the world of play-to-earn gaming recently, looking for something that's not just about endless grinding but actually offers a fun and rewarding experience. OGC really stood out to me because it combines gaming with a sense of community in a unique way. OGC isn't just a game; it's a platform where you can play, earn, and even help shape its future. You're not just a player; you're part of a community with a voice. The idea of earning crypto while playing games is exciting, but what makes OGC special is its focus on community involvement. Your feedback can directly influence the development of the game, which is a big deal. I've also heard that the OGC token is available for pre-market trading on Bitget. While I'm still getting to know the platform and its features, it's definitely something to keep an eye on. Has anyone else tried OGC? What has your experience been like? I'd love to hear your thoughts and any tips you might have.
×
×
  • Create New...
us