To ensure you have a seamless trading experience when investing in products listed in foreign currencies, we automatically convert your money into or back to your base currency.
Automatic currency conversion, or Auto FX, is the widely adopted industry standard used by most of our clients. With Auto FX, the exact amount of your funds is automatically converted whenever your order in a product listed in a foreign currency is executed or if you receive foreign currency income on your account. The timing of the conversion may vary depending on the scenario. For executed orders, the conversion happens at the time of the transaction execution. However, in cases such as receiving dividends in a foreign currency, the conversion typically takes place overnight. Auto FX currency transactions are labeled as 'FX Debit' and 'FX Credit', enabling you to easily monitor them in your account statement.