Multiple Spread betting accounts / currencies

[alpen]

Hello

I'm located in the UK with a spread betting account which has a GBP base currency.

Can I open up another spread betting account (under the same user id) and give it a different base currency (eg USD) and then be able to transfer funds between the 2 spread betting accounts?

And in such a case would I have to maintain sufficient margin in each account or would it be pooled?

Edited April 6, 2022 by alpen

[AndaIG]

Hi @alpen

Yes you can open a second account with a different base currency. You can transfer funds between the accounts, however you would need to send this request to our client money team as opposed to being able to transfer online. Each account would need to have sufficient margin to cover positions. There is no pooling between accounts. 

All the best, 

Anda

[alpen]

Great, Thanks @AndaIG

And what is the currency conversion charge / exchange rate you use for converting between the currencies?

Edited April 6, 2022 by alpen

[AndaIG]

Hi @alpen

0.5% admin charge on the spot exchange rate at the time of conversion. 

All the best, 

Anda