Default Account Currency Selection

[Shooter]

Is there a way to change your default account currency?

I've initially setup the account with AUD but are basically only trading US stocks and would like to switch to avoid the 0.7% conversion charge compounding over multiple trades.

[CharlotteIG]

8 hours ago, Shooter said:

Is there a way to change your default account currency?

I've initially setup the account with AUD but are basically only trading US stocks and would like to switch to avoid the 0.7% conversion charge compounding over multiple trades.

Hey @Shooter, 

With your CFD account if you want to change the currency settings to USD please send us an email with instructions to do so and you name, date of birth and address. 

If it's for your share trading account you can't change the base currency but you can have a manual conversion account meaning different currencies will be kept separately. For example when you sell US shares we will not convert the funds they will stay on the account in a USD pot. 

You can do that the the MyIG page by selecting Live accounts> Share trading> Currency conversion> Manual> Save Changes. 

All the best 

[Guest Imraan]

Hi I want to change my base currency to USD only. I don't want to trade in GBP. Can you guys arrange that for me please 🙂 

 

[ArvinIG]

2 hours ago, Guest Imraan said:

Hi I want to change my base currency to USD only. I don't want to trade in GBP. Can you guys arrange that for me please 🙂 

 

Hi Imraan,

As explained above, if you have a share dealing account you can change your settings to manual conversion ( be aware of changes in commissions) .

If you have a CFD account and you never traded yet you can email us at helpdesk.uk@ig.com to change your base currency to USD.

You can also add an CFD account and change the base currency to USD and have two accounts with 2 different currencies.

I hope that it helps.

All the best - Arvin