Currency conversions are applied to trading costs or profits and losses when converting a trade into the base currency of a client’s account.
For cash products (stocks, bonds, ETFs and the premium on options) currency conversions are charged on the purchase and sale at the mid FX Spot rate, plus/minus 1%.
For derivative products* currency conversions are charged on the profit and loss at the mid FX Spot rate, plus/minus 1%.
*For FX Options the rate is plus/minus 0.1%.
The Currency conversion fee does not apply to margin collateral. Only settlement of actual payments to or from the trading account are included, for example, buying/selling cash Stocks, paying/receiving options premium etc.
The rate used for currency conversion of amounts booked to your account is shown in the trading platforms under the “Trades Executed” report.