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How can I trade GBP to USD for future US stock dealing?

rroojrooj

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KoketsoIG Valued Contributor

KoketsoIG

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14 minutes ago, rroojrooj said:

How can I trade GBP to USD to buy US stocks? I have deposited in GBP; how can I exchange that for USD let’s say that I don’t want to deposit in USD in the first place (I want to deposit in GBP and then exchange it in the app to USD)

Hi @rroojrooj,

Thank you for your question.

Please note that with a share dealing account, you can hold multiple currencies. Your currency conversion settings need to be set to 'Manual' so that if you deposit USD into your account, it will not automatically get converted to GBP.

Please note that you can go to My IG > Live accounts > Currency conversion > Automatic currency conversion > 'Manual'. You can also convert funds in the account from this window.

All the best,

KoketsoIG

- KoketsoIG

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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.

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