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Currency conversion - Auto v Manual

Guest Pconroy23


Guest Pconroy23



I'm new here and wonder if anyone can help me on working out which is best when it comes to currency conversion, either auto or manual. 

I plans to trade US ETFs mainly SPY MDY QQQ SVXY. I will average over the 3 plus trades a month to qualify for zero commission on US ETFs but if I’m in manual currency the zero commission doesn’t apply and a min charge of $15 USD or 2 cent per share. 

 Is manual currency conversion only cost effective on larger portfolio sizes?

Also with manual conversion, once converted  to usd and ETF bought, if I sell the ETF I will receive USD and can buy more US sticks without another conversion cost? Therefore only needing to convert back to £ when withdrawing? 

Any feedback and advice would be much appreciated as I don’t want to have to keep paying the 0.5% conversion charges as I feel these costs will add up to a lot overtime 



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