[Solved] Spot rate + 0.45% FX rate?

First Time Investing šŸ£
1

Hi,

Iā€™ve come across freetrade in an attempt to find a service that will allow me to

a) rationalise multiple trading accounts with different providers
b) reduce the cost of trading

I understand the GIA and ISA accountsā€™ pricing structures, but I donā€™t understand exactly what ā€œSpot rate + 0.45% FX rateā€ means. Please can someone clarify for me?

Many thanks :slight_smile:

2

The spot rate is the exchange rate at the time and then Freetrade add 0.45% to the rate as a fee which they keep

3

Hi,

Thanks for the reply! :slight_smile:

To extend the question, when does this fee kick in? in when buying shares on a non-UK market?

4

This fee is included in the whole purchase price. Once you place the order it shows the fee on the receipt

5

And only on shares that are priced in currency other than pounds.

6

Awesome, thanks folks, this is really useful! :slight_smile: