Question 1

Available currencies

Accepted Answer

Pounds sterling (GBP)
US dollars (USD)
Euros (EUR)
Canadian dollars (CAD)
Hong Kong dollars (HKD)
Singapore dollars (SGD)
Australian dollars (AUD)
Swedish krona (SEK)
Swiss francs (CHF)

Please note that conversions of Swedish krona and Swiss francs are only available over the phone.

Question 2

Foreign exchange costs

Accepted Answer

We charge a percentage of the total value of your transaction.

For currency conversion of up to £24,999, we charge 1.5%.

This means converting £1,000 into another currency costs £15.

The margin rate of converting currency worth over £25,000 is detailed below.

Transaction Value	Margin Rate
£0 - £24,999.99	1.50%
£25,000 - £49,999.99	1.25%
£50,000 - £99,999.99	1.00%
£100,000 - £599,999	0.50%
£600,000 - £999,999.99*	0.25%

* Maximum electronic transaction size.

The FX rate for currency conversion is based on the bid/offer exchange rate to which we apply a spread of up to +/- 1.50% at the time of execution. If multiple trades (“fills”) are required to execute your trade the FX rate is calculated on the value of each fill and you may end up paying a higher FX charge than for a single transaction of the same total value.

The table below shows examples of how the reduced margin rate applies.

Spot rate to convert GBP to USD = 1.3000	FX charge
£10,000 convert to USD at a rate of 1.28050 = $12,805.00 (1.5% margin)	$195
£30,000 convert to USD at a rate of 1.28375 = $38,512.50 (1.25% margin)	$487.50
£60,000 convert to USD at a rate of 1.28700 = $77,220.00 (1% margin)	$780
£200,000 convert to USD at a rate of 1.29350 = $258,700.00 (0.5% margin)	$1,300
£700,000 convert to USD at a rate of 1.29675 = $907,725.00 (0.25% margin)	$2,275

Important notes

The value of international investments may be affected by currency fluctuations which might reduce their value in sterling.
We may receive two elements of commission in relation to international dealing - Trading Commission and our FX Charge. Please see our Rates and Charges page for full details of the costs.
Please note for trades which have required multiple fills to execute, you will be charged an FX at the rate applicable to each individual fill. This may result in a higher FX charge than would be calculated against the whole.
If you are unsure about any aspects of the features or risks of these products, you should obtain advice from a qualified financial adviser.
Please be aware that we have a revenue sharing agreement for the FX charge with a third party. If you require further information, please write to us.

Foreign currency exchange

How to make a foreign exchange conversion

Foreign exchange arranged at the time of a trade