Home currency conversion fees

Trading products in a currency different from your account's home currency will incur currency conversion costs. These costs are associated with converting realized profits, losses, adjustments, commissions, and other charges into your account’s base currency.

To ensure consistent and fair pricing, the system selects the currency pair for conversion based on the type of instrument traded:

  • For Forex Instruments:

    • For Forex trades, the system uses the conversion pair that shares the same label (postfix/suffix) as the instrument you are trading.

    • Example: If you are trading EURUSD.pro on a PLN-denominated account, your profit or loss in USD is converted to PLN using the USDPLN.pro currency pair.

  • For Other Instruments (CFDs and Stocks):

    • For non-Forex trades, the system automatically converts the amount using a standard FX pair (without an extension). These standard pairs have a pre-defined, fixed spread.

    • Example: If you have a PLN-denominated account and generate a profit on US500.pro (which is priced in USD), the system converts this profit into PLN using the standard USDPLN exchange rate.

The application of these fees depends on your account type and the products you trade:

  • The CFDs account: The home currency conversion fees are applied only to realized profits and losses, adjustments, commissions, and other charges denominated in a currency other than your account’s home currency. The system does not convert the entire nominal value of the position with a mark-up, but only the financial result.

  • The Stocks account: The home currency conversion fees are applied to the entire nominal transaction value. For every buy or sell order for stocks quoted in a currency different from your account's home currency, the full amount required for the purchase or obtained from the sale is converted using an exchange rate that already includes the mark-up.

You can see the home currency conversion fees in the daily report that you receive in your email.

The daily report is a password-protected document. To open it, you need the document password.

The following formula shows how your transactions are converted to your account’s home currency (for non-Forex instruments):

Formula

 

New bid = midpoint price - mark-up

 

New ask = midpoint price + mark-up

 

Where:

 

Midpoint price = (ask + bid)/2

To see the specific mark-ups for the desired currency symbols, check the following tables depending on your account type:

Assumption

Let’s assume you have an account denominated in USD. You open a long position of 1 unit of GB100 at 10,300 and close it at 10,400. You generate a profit of 100 GBP.

How to calculate the home currency conversion fee

To convert the 100 GBP of profit to your home account currency (USD), you need to use the GBP/USD exchange rate plus the currency conversion fee.

Let’s assume the current market GBP/USD midpoint price is 1.2954.

 

Profit converted to USD without the mark-up = 1.2954 X 100 = 129.54 USD

 

However, we charge a mark-up on the mid-price for the currency conversion to your account’s home currency

For the CFDs account per the Table of Fees and Commissions CFDs in the CFDs section, the mark-up for GBPUSD is 0.012 units. Applying this mark-up to the midpoint price creates the following final currency conversion rates:

  • Conversion bid = midpoint price - mark-up = 1.2954 - 0.012 = 1.2834

  • Conversion ask = midpoint price + mark-up = 1.2954 + 0.012 = 1.3074

In this case, the profit is a credit to the account, so the bid price is used (if it was a debit as a result of a loss, the ask price would be used):

The 100 GBP profit on the trade will result in a credit to your USD-denominated account of:

 

1.2834 X 100 = 128.34 USD

 

Home currency conversion fee = Profit converted to USD without the mark-up (129.53 USD) - Profit converted to USD with the mark-up (128.34 USD) = 1.19 USD

 

1.19 USD represents the cost of trading in GBP when trading on the USD-denominated account for this example.

Assumption

Let’s assume you have an account denominated in PLN. You buy 10 shares of a US company (quoted in USD) at 100 USD per share. The total nominal value of your transaction is 1,000 USD.

How to calculate the home currency conversion fee

To convert the 1,000 USD purchase to your account’s home currency (PLN), you need to use the USD/PLN exchange rate plus the currency conversion fee.

Let’s assume the current market USD/PLN midpoint price is 4.0000.

 

Purchase converted to PLN without the mark-up = 4.0000 X 1,000 = 4,000.00 PLN.

 

However, we charge a mark-up on the mid-price for the currency conversion to your account’s home currency. For the Stocks account per the Table of Fees and Commissions in the Stocks section, the mark-up for USD/PLN is 0.04 PLN.

Applying this mark-up to the midpoint price creates the following final currency conversion rates:

  • Conversion bid = midpoint price - mark-up = 4.0000 - 0.04 = 3.9600

  • Conversion ask = midpoint price + mark-up = 4.0000 + 0.04 = 4.0400

In this case, the stock purchase is a debit to the account, so the conversion ask rate is used (if it was a credit as a result of a stock sale, the conversion bid rate would be used).

The 1,000 USD purchase on the trade will result in a debit to your PLN-denominated account of:

 

4.0400 X 1,000 = 4,040.00 PLN

 

Home currency conversion fee = Purchase converted to PLN with the mark-up (4,040.00 PLN) - Purchase converted to PLN without the mark-up (4,000.00 PLN) = 40.00 PLN

 

40 PLN represents the cost of converting the entire transaction's nominal value when trading in USD on a PLN-denominated account for this example.

To perform a conversion, the system always searches for a direct currency pair that matches the profit currency and your account's home currency. However, if such a direct symbol does not exist in the trading system, the conversion is performed in two stages via USD.

For example, if you generate a profit in CAD and your account is denominated in CZK, the system will first convert CAD to USD, and then USD to CZK.

When a two-stage conversion occurs, the home currency conversion fee (the mark-up) is added at each stage of the conversion process.