Since the launch of our Invest and ISA services, our goal has always been to provide the best investing experience for free. Thanks to the scale, our business model has proven to be sustainable. Yet, we strive for Trading 212’s growth to be beyond numbers and reflect quality in every aspect of our service. And quality requires significant investments in people and infrastructure.
We have big plans for the next chapter in our development and we want to continue to be sustainable while investing hugely in quality and innovation.
To achieve this, starting in early April*, we are introducing an FX conversion fee of 0.15%** - among the lowest in the industry. This fee will be applied when you are trading with stocks or ETFs that are quoted in currencies different from your account’s currency.
If you are trading a stock that is quoted in a currency different from the currency of your account, when executing an order, your account’s currency will be converted to the stock’s currency or the other way around, using the spot exchange rate + 0.15% FX fee. The precise amount will be listed on the Review Order page.
FX Fee will not apply for payments arising from corporate events such as dividends.
*The FX conversion fee will be introduced on 03.04.2021 and will be applied only to new positions. This also includes positions made with AutoInvest (Pies).
**Breakdown of an example calculation of how applying the fee looks like
|Direction||Spot GBP/USD rate||FX Conversion rate|
|1.4000 / 1.4100|
|SELL||0.15/100 x 1.4 = 0.0021
1.4000 - 0.0021 = 1.3979
|BUY||0.15/100 x 1.4100 = 0.002115
1.4100 + 0.002115 = 1.412115