I know relative to some brokers (who are taking the absolute $%&*) IG fx conversion fee of 0.5% is okay, however its still an absolute joke that they and the industry can get away with this flagrant ripping off of customers.
I would like to know if IG have any plans to reduce their conversion fee ( trading US stocks in an ISA) to compete with others such as Trading212 who don't charge fx fees at all.... I have a moderate account with substantial turnover, like others I know, I'm now considering transferring my account to 212 as I cant see any justification for such high fx conversion fees now its been shown thats its possible to remove them al together... Perhaps 0.1% to cover costs would be understandable, but 0.5% so 1% round trip on trading any size is ridiculous. I easily give IG thousands, if not tens of thousands a yr in fx fees...
