I mean compared to freetrade fx fee 0.45% it’s nothing.
But they customer service is terrible.
On the other hand my fx fees for the year came x3.5 times higher then a year of premium subscription. 
One platform I’ve had my eye on is Stake.
Instead of Freetrade’s FX fee of 0.45% each way on a trade (0.90% per full trade), Stake charges 0.50% on an account deposit and withdrawal but no fees at all on trades.
So, based on a deposit £10,000, and 100 trades of £1,000 in US stocks:
It will cost £50 on Stake.
It will cost £900 on Freetrade – nearly a tenth of the account.
And a lot of people do far more than 100 trades in a year.
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How many would do singular deposits of £10,000? Far, far less than those who would put £10,000 into an ISA. That would be a different type of consumer base so it’s unclear why the comparison has been made?
Eitherway, this topic is about T212, not Stake.
Just in case FreeTrade are considering this for UK trades, I will tell them absolutely no way will I stay if they do that. I do a lot of very small trades, both buying and selling, and have done very well due to the only thing I have to pay in the ISA being the stamp duty. This would totally ruin my strategy.
My stance on withdrawal or deposit fees is the same, if they do this, I will no longer be a customer. I recently sold all my stocks and removed my money from LightYear due to them introducing a currency conversion fee for existing customers.
If FreeTrade need to raise more revenue, then I’m happy with limited and proportionate raising of the monthly fee.
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Why would you need FX for UK stocks? It’s in pounds.
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Oh yes, of course! I think my early morning brain was conflating FX fees with transaction fees, but of course I do know the difference. The stance I mention above is for buying or selling transaction fees, which I’m absolutely against as it would destroy my investment strategy as I do many very small transactions in both directions using my limited resources.
Regardless of deposit size, it’s still the same percentage - £10,000 was just an example.
Either way, it’s a huge saving on the FX fees.
An FX fee basically is a transaction fee. It’s just baked in.
The Freetrade FX fee is 0.45% on a buy and a sell.
T212 FX fee is 0.15% on a buy and a sell.
Again, using the 100 trades of £1,000 example:
Freetrade: £900 in FX fees.
T212: £300 in FX fees.
Stake: $0 in FX fees.
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Your Trading 212 FX Fee is wrong - It 0.15
Thanks. Corrected