Spread betting currency conversion fee

[twi]

If I wanted to spreadbet in USD but my account is in GBP will I get charged the 0.5% currency conversion fee?

[Caseynotes]

26 minutes ago, twi said:

If I wanted to spreadbet in USD but my account is in GBP will I get charged the 0.5% currency conversion fee?

Hi, yes though you can have a separate USD account so you are not changing back and forward all the time.

[Guest Fede]

15 hours ago, Caseynotes said:

Hi, yes though you can have a separate USD account so you are not changing back and forward all the time.

Hi, I was looking for more information about this. 
I also have an account in GBP and only trade the US stock market (currently through spread betting, but considering to switch to share dealing). I would like to avoid to pay the conversion fee every time.
If I wanted to trade in USD, should I open a second account or I can make it through the existing account that I have?

Thanks a lot!

[TheFamousKangaroo]

On 03/06/2020 at 14:35, Caseynotes said:

Hi, yes though you can have a separate USD account so you are not changing back and forward all the time.

Hi @Caseynotes, I have the same kind of situation of the user who started this thread. I'm in UK, GBP account, but trading the US stock market. I can't find any info about having a second USD account. Do I have to open a new account all over again? Thanks for the info.

[Caseynotes]

On 04/06/2020 at 05:24, Guest Fede said:

Hi, I was looking for more information about this. 
I also have an account in GBP and only trade the US stock market (currently through spread betting, but considering to switch to share dealing). I would like to avoid to pay the conversion fee every time.
If I wanted to trade in USD, should I open a second account or I can make it through the existing account that I have?

Thanks a lot!

I think you can either way but an email to the helpdesk to clarify, look in your 'My IG' page in live accounts and currency conversions should give more info.