International Trading

Foreign Exchange (FX)

Why do I need Foreign Exchange (FX)?

Stocks quoted on International markets are bought and sold in their market’s underlying currency, therefore FX will be necessary to buy and sell these stocks. Corporate Actions and Dividends may also be paid in the underlying currency

Please note that this does not apply to your Trading ISA as under current HM Revenue & Customs rules cash cannot be held in any other currency other than Sterling.

How does FX work?

When trading International stocks you will receive a currency rate of exchange for the trade you wish to place as well as a price for the underlying stock. The rate of exchange is a live price and is open to the same fluctuations as normal trading. An FX can also be placed as a standalone transaction.

Multi-fills may apply to an International trade. This means that your order may be traded in separate chunks and therefore, that same rate may not apply.

If a multi-fill is applied to your trade an average rate will be shown on your Contract Note.

All FX trades will be clearly shown on Statements and Contract Notes providing you with a transparent service.

Please note that you can only convert a particular currency if you hold that currency in your Cash Management Services account.

What currencies can I hold in my Cash Management Services account?

• GBP = Pounds Sterling (£)
• CAD = Canadian Dollars (CAD)
• USD = US Dollars ($)
• EURO = Euro (€)