How the Currency Conversion Fee is applying?

Modified on Fri, 31 Jan at 2:21 PM

How does the Currency Conversion Fee work:

The Currency Conversion Fee applies only when trading the following instruments in a currency different from your account's base currency:

Stocks

ETFs

Stock CFDs

ETF CFDs

Key points:

Conversion Fee Rate: A fixed fee of 0.3% is added to every trade made in a currency different from your account's base currency. This fee is calculated in addition to our FX spot rate when buying or selling an asset.

This fee applies to:

Profits and losses

Distributions (e.g., dividends)

Service charges, such as commissions or overnight holding fees (if applicable).

The fee is charged at the time of settlement to your single-currency account.

This fee doesn’t apply to:

Margin deposit

Notional transaction values

Same currency trades: If your account currency matches the traded asset's currency, no currency conversion fee is applied.

Example of how the Fee is applied:

Your account currency: EUR

EUR/USD exchange rate: 1.22510

Trade: You sell a USD-denominated META share, earning a 10 USD profit with a 1 USD commission.

Step 1: Calculate the Commission (with conversion fee)

Commission = 1 USD + (1 USD*0.3%) = 1.003 USD

Convert to EUR: 1.003 USD / 1.22510 = 0.81870 EUR

Step 2: Calculate Realized Profit (with conversion fee)

Profit after fee = 10 USD − (10 USD*0.3%) = 9.97 USD

Convert to EUR: 9.97 USD / 1.22510 = 8.1381 EUR

Additional Information:

For complete details on costs and charges, refer to the Costs and Charges section Additional Fees section within the Deposits and Withdrawals page before trading.

Admirals account options: You can choose from a variety of account currencies, including EUR, USD, CHF, GBP, and more.

If your account currency matches the currency of the traded instrument, the 0.3% conversion fee does not apply.