Trading 212 Invest is a multi-currency account that allows you to hold money and trade in multiple currencies. This means you will no longer have to convert money and incur FX fees each time you trade in a different currency.
Tap your ‘Free funds’ to reveal the currency balances.
What are the supported currencies?
We support GBP, USD, EUR, CHF, DKK, NOK, PLN, SEK, CZK, RON, BGN, HUF, CAD, AUD.
Do CFD accounts and ISAs also support multi-currency?
At this stage, only the Invest account is supporting multi-currency.
Can I convert funds between currencies directly in the app?
Yes, you can convert funds instantly. Even on weekends.
Does the FX fee still apply?
Yes, it applies on currency conversions.
What is a primary currency?
The primary currency is the currency you choose when you initially open your Trading 212 account. It serves as the default currency for displaying your account value, positions, results, reports, statements, etc.
Can I change my primary currency?
Once selected during account setup, the primary currency can't be changed. However, you can hold funds and trade in any of the supported currencies.
Can I select the deposit currency?
Yes, you can deposit funds in any of the supported currencies. This flexibility allows you to have more control over your account management and trading activity and can help you avoid potential conversion charges from your bank.
Can I select the withdrawal currency?
Yes, you can withdraw funds in any currency. You can select one currency balance to withdraw from, and we will pay those funds in the selected currency.
We won't automatically convert funds when processing withdrawals.
If the currency of your bank account is different from your withdrawal currency, your bank may charge you an FX fee.
Can I select the currency when placing orders?
Yes, when placing an order, you can select between your primary currency and the asset’s currency. Pay no FX fees on your trades by selecting the asset’s currency. You can also set the default currency for your orders in Menu➡Settings➡Currency options.
Can I combine multiple currencies in one order?
No, you can select one currency per order.
How is the position's result calculated?
When selling, you have two scenarios:
- If you sell it in the traded instrument’s currency, you'll realize the market portion of the result without FX impact and FX fee.
- If you sell in a primary currency other than the instrument's currency, you'll be immediately impacted by FX.
Do Pies support multi-currency balances?
Pies hold cash in your primary currency. When adding or taking out funds from your pies, you have to use your primary currency balance, and currency conversions are charged at our standard FX fee of 0.15%. This includes any dividend reinvestments.
Is it possible to receive interest on all currencies I hold?
All currencies eligible for interest sharing will earn interest. Refer to our Terms page to check the current rates.
Can I select the currency in which I earn interest on shares?
No, any interest on shares will be paid out in your primary currency.
What happens to proceeds from dividends and other corporate actions?
They are credited in your primary currency. All payments remain exempt from the FX fee.
What is the impact on my account statements and account value calculations?
Your account value and account statements are still calculated and displayed in your primary currency.
Account statements will include additional details, such as a breakdown of uninvested cash for each individual currency and records of "currency conversion" transactions.