Buy and sell US shares - Settle in dollars

[mcfly146]

Hi, can we keep US dollars in our (uk based) share dealing account to save on fx charges when we buy and sell US stocks?

Thanks

[Caseynotes]

54 minutes ago, mcfly146 said:

Hi, can we keep US dollars in our (uk based) share dealing account to save on fx charges when we buy and sell US stocks?

Thanks

Hi, yes, go to your My IG page and in accounts (or settings) there are different currency conversion options.

[Fletch]

2 hours ago, mcfly146 said:

Hi, can we keep US dollars in our (uk based) share dealing account to save on fx charges when we buy and sell US stocks?

Thanks

Just as a caveat - bear in mind the following from the commisions and charges page:

*Note for multi-currency accounts: These figures apply to clients who opt for the default setting of 'instant currency conversion'. Clients who choose to convert currencies manually will pay commission of 2 cents per share with a minimum charge of $15 on US stocks.

[Dsou]

If mainly trading US stocks is it better to take the FX hit once and convert to US and trade the USD balance?

[Guest Dipesh]

I have the same question