akashgoswami_’s avatarakashgoswami_’s Twitter Archive—№ 4,247

  1. Looks like Trading212 has quietly announced that they are going to add an FX conversion fee (0.15%) to their investment accounts next month (April) 😬 What does this mean for you (if you have an investment/ISA account with them)?👇
    On twitter.com Twitter logo akashgoswami_’s avatar ♻️ 4 Retweets ❤️ 10 Favorites Mood +3 🙂
    1. …in reply to @akashgoswami_
      Most customers will have an account in GBP, so trades made in any other currency would have this fee applied to them Buying and selling UK stocks are still fee-free 🇬🇧 Freetrade operates in the same way but its FX fee is 0.45% Both are still better than paying £9.99 per trade
      Permalink On twitter.com Twitter logo akashgoswami_’s avatar ❤️ 2 Favorites Mood +2 🙂
      1. …in reply to @akashgoswami_
        If you get paid a dividend from a foreign currency stock and reinvested it then you would be hit by this fee twice instead of just once 💸
        Permalink On twitter.com Twitter logo akashgoswami_’s avatar Mood 0
        1. …in reply to @akashgoswami_
          This was only mentioned on their community forums - A lot of customers will not see this (maybe all customers will be informed via the app/website or email later) Overall, it's still one of the cheapest ways to invest community.trading212.com/t/introduction-of-fx-conversion-fee/46787
          Permalink On twitter.com Twitter logo akashgoswami_’s avatar ❤️ 2 Favorites Mood 0
          1. …in reply to @akashgoswami_
            Yup, I was right. They pushed an update in their app. Looks like the fee is going into effect from the 3rd of May
            oh my god twitter doesn’t include alt text from images in their API
            Permalink On twitter.com Twitter logo akashgoswami_’s avatar Mood +2 🙂