[Extremely baffled on currency conversion fee]

Hi All,

could anyone explain how, aking into account all the conversion fee, a gain of $210 becames a gain of  £47.95 on instant conversion setting (No trade fee) ????

 

Nothing is clear or transparance in here, it seems almost a scam and nobody answer the phone nor the e-mail !!

04/06/20 16:19
ProShares Trust - ProShares UltraPro QQQ - 60 @ 85.2

US$5,112.00
-
US$0.11
-£4,039.34

26/05/20 15:00
ProShares Trust - ProShares UltraPro QQQ + 60 @ 81.7
US$4,902.00
-
-£3,991.39

[Manual Currency Conversion]

Hi David,

Thank you for the answer. I am aware of the double fee on currency convertion. When you switched to manual conversion, did you pay the 2 cent per share, min 15 USD fee, per TRADE or when you change from USD to GBP?

[Manual Currency Conversion]

Dear all,

I am a bit confused on the wording used to described Manual Currency Conversion. I own a GBP account but ALL my trades are in USD

 

Quoting :" Clients who choose to convert currencies manually will pay commission of 2 cents per share with a minimum charge of $15 on US stocks."

 

Doe this means:

1) I have to pay an extra charge of 2 cent per share EVERY trade I do, with a minimum charge of 15$

OR

2) I will pay a charge of 2 cent per share minimum charge 15 USD ONLY when, or IF, I change the currency from USD to GBP?

 

Best regards