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Currency conversion - Auto v Manual


Guest Pconroy23

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Guest Pconroy23

Hello,

 

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 

Regards 

Pconroy

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