I have made my own spreadsheet to keep track of my growing investments.
I realised that the performance shown by my spreadsheet is worse than what Freetrade shows me in app.
For example, i bought Ā£199.70 of J&J shares, they are now worth Ā£193.56 a reduction of -3.07%
However, Freetrade show my investment gain/loss to be only -2.64%
This is because Freetrade does not include the FX fees it takes in the calculation. This is not representative of the āreal investmentā loss, and there should at least be an option to include it.
6 Likes
AdamL
(Adam)
21 February 2021 15:29
2
Surely thatās the opposite of hidden? Hidden would be included in your losses without telling you, here theyāre separate and on the contract note.
what I mean is; the percentage shown by Freetrade always makes your gains look bigger and your losses look smaller than what they actually are.
2 Likes
Anders
(Anders Harrison)
21 February 2021 15:36
4
I never noticed this before! I would expect profit to be calculated based on total cost.
1 Like
so did I, and I expect most people would.
1 Like
AdamL
(Adam)
21 February 2021 16:08
6
Okay Iām with you now, it does seem a bit odd to discount it when you compare to UK shares for example.
need separate US dollar accounts
This Fx thing --if you look at older FX post ā is such an amateur feature
need US dollar accounts
Looking for a bit of info.
I bought snowflake through the app back in September. Paid approx $260 per share. Today they are trading at $275 but the app is showing a loss on my investment.
Why is this?
Is it down to the FX rate Ā£-$?
When I purchased the SNOW stock Sterling was 128 now itās 140. Is it the fact the stock was purchased in not Ā£ means that a higher Ā£ reduces the effective value of stock?
If itās not down to the FX rate then whatās the reason?
The math functions in the code are wrong it looks like
Hello,
Yesterday Iāve bought one share on FB as a test. According to Freetrade, Iāve bought it for Ā£152.17. Ā£1.00 = $1.24The latest price reported was $187.99. I do know that Freetrade has a 0.45% FX exchange rate however when I run the numbers Ā£152.17 equals $189.47 using this rate? Can someone help me understand the FX rate as of what I calculated ends up 0.80% Fx rate? I presume my math is wrong and Iāve tried to reach Freetrade but havenāt got an answer. I did this as Iām planning to investā¦
Note - edited the idea title to clarify the feature.
Agreed,though Freetrade will charge you the 0.45% irrespective for the conversion on the sale and purchase.
So the idea is that you would trade before the conversion takes place - if the cash doesnāt settle in USD - you wonāt need to have a USD account.
1 Like
system
(system)
Closed
15 April 2022 10:30
8
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