Monthly FT Statement with Fees and Charges etc

[J4ipod94]

This use to be the case in the early years but I do believe it generates some revenue

Foreign Exchange Rate Fee

Hey, just to clear this up as it has been communicated before but appreciate not everyone has read all our blogs etc. Prior to launching fractional shares, all US stock orders were routed to London Stock Exchange market makers. That’s the same way all UK orders are executed. The LSE market makers quote US stocks in GBP. Embedded within that quote is an FX conversion. The rate includes a 0.45% spread over the spot rate. It wasn’t very visible for users as we could only show the GBP price quoted…