What is the FOREX calculation for US stock purchases?

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#1

Good afternoon all

I am creating an Excel spreadsheet to track my Freetrade portfolio. I cannot get the spreadsheet to balance with my Freetrade account. It looks like I am being charged 0.9% for every US stock purchase rather than 0.45%

Am I missing something obvious ???

How is the deduction from my Freetrade balance calculated when I make a US stock purchase ???

Many thanks in advance

#2

I think I may be answering my own question here!! When converting $dollars to $sterling should I be using the Freetrade “FX rate” or the “Base FX rate” ???

#3

The Freetrade fx rate is the base rate with the 0.45% fee included so you should use that rate.

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#4

Many thanks MrChew for the clarification

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