Currency conversion display is unclear and needs rates adding


I bought 1 share of Disney at $139.27 (see screenshots) on a basic trade (4pm execution, no fee). Disney is currently $134.16 so I’m down $5.11.

Freetrade converted that $139.27 to £108.23 at the time of the trade (see screenshots). Freetrade tells me the current value of my share is £101.44, and that I’m down £6.79.

So I’m down 5.11 (share price at purchase - current share price in ) but freetrade says I’m down £6.79.

The only way I can see this happening is the GBPUSD exchange rate moving against me, given that £1 > $1. $5.11 in GBP using as a basic rate is £3.88, not £6.79.

In short, I have no idea what rate freetrade converted my buy order at, no idea what rate freetrade is using to convert current value (and how it’s changed since I bought the share), no idea why freetrade shows purchase price in and current share price in , but current value in £ especially given there’s zero information on exchange rates in the app so you’re just left scratching your head.

In my opinion there seriously needs to be exchange rate information available; where it shows stock activity for buys/sells, and current rate freetrade are using in current value.

(Alex Sherwood) #2

I’m guessing that you know this Mike but for the benefit of new users, we currently use a conversion rate, for changing GBP to USD & vice versa, of the spot rate + 0.45%. This is transparently displayed on the pricing page on our website.

The prices that are displayed in the app when you go to place an order are displayed in both GBP & the converted amount, with that conversion rate applied.

There’s more on how this works in this blog post, under the header “What about US stocks? :us:”.


I agree that the exchange fee isn’t clear. While Freetrade don’t hide away from it, it could be clearer I think