Veracent Intelligence

All questions · COST-03

What is the FX or currency conversion charge?

Answered for 10 of 12 firms. Published rate, with the base rate it applies to stated

a commission on carrying out a foreign exchange transaction under clause 22.1, details of which are available on the Charges section of the Website

The terms state that AJ Bell and its Group companies are entitled to receive a commission on carrying out a foreign exchange transaction, with details available on the Charges section of the Website.

Binding document · AJ Bell Management Limited · clause 7.21 · Check the source

we will carry out a foreign exchange transaction to convert the payment to or from pounds sterling, as required. The related currency conversion charges will be payable by you and details are set out with the other Charges.

The terms and conditions state that currency conversion charges apply when a foreign exchange transaction is carried out to convert a payment to or from pounds sterling, with details set out with the other Charges.

Binding document · AJ Bell Management Limited · clause 22.1 · Check the source

Service costs: Currency conversion fee 0.45% This fee only applies in relation to the buying and selling of US Stocks. For a buy transaction, 0.45% of the £ Sterling value of the order.

The fee schedule states a currency conversion fee of 0.45% of the sterling value, applied on buy and sell transactions in US stocks.

Binding document · Digital Moneybox Limited · Section 3, Currency conversion fee · Check the source

FREETRADE LIMITED

Stated by the firm
Standard plan: Exchange rate + 0.59%

The FX fee on the Standard plan is the exchange rate plus 0.59%.

Published by the firm · Freetrade Limited · Check the source

FX fee of 0.59% on non-GBP trades

The pricing page states an FX fee of 0.59% on non-GBP trades for the Standard plan.

Published by the firm · Freetrade Limited · Check the source

FX fee of 0.39% on non-GBP trades

The pricing page states an FX fee of 0.39% on non-GBP trades for the Plus plan.

Published by the firm · Freetrade Limited · Check the source

FX fee of 0.99% on non-GBP trades

The pricing page states an FX fee of 0.99% on non-GBP trades for the Basic plan.

Published by the firm · Freetrade Limited · Check the source

Plus plan: Exchange rate + 0.39%

The FX fee on the Plus plan is the exchange rate plus 0.39%.

Published by the firm · Freetrade Limited · Check the source

Plus : FX fee of 0.39% on non-GBP trades

The fee schedule states a FX fee of 0.39% on non-GBP trades applies to Plus plan customers.

Published by the firm · Freetrade Limited · Check the source

FX fees are 0.99% on Basic, reduced to 0.59% on Standard and 0.39% on Plus.

The document states Freetrade's FX charge rates vary by plan: 0.99% on Basic, 0.59% on Standard, and 0.39% on Plus.

Published by the firm · Freetrade Limited · Check the source

Basic : FX fee of 0.99% on non-GBP trades

The fee schedule states a FX fee of 0.99% on non-GBP trades applies to Basic plan customers.

Published by the firm · Freetrade Limited · Check the source

Standard : FX fee of 0.59% on non-GBP trades

The fee schedule states a FX fee of 0.59% on non-GBP trades applies to Standard plan customers.

Published by the firm · Freetrade Limited · Check the source

Basic plan: Exchange rate + 0.99%

The FX fee on the Basic plan is the exchange rate plus 0.99%.

Published by the firm · Freetrade Limited · Check the source

All conversions made in accordance with this Term 16(3) will be made at an exchange rate based on the prevailing market rate at the time of the conversion plus a conversion percentage charge.

The agreement states that currency conversions are made at the prevailing market rate at the time of conversion plus a conversion percentage charge.

Binding document · IG Markets Limited · Check the source

Where a Transaction is placed with our primary Stockbroker in a currency other than GBP, a FX charge is applied of 0.35%.

The charges schedule states that where a Transaction is placed with the primary Stockbroker in a currency other than GBP, a FX charge of 0.35% is applied.

Binding document · Integrated Financial Arrangements Ltd · Dealing charges and Express Trade charges · Check the source

1%currencyconversionfee(cappedat £1,000)forpaymentsreceivedbyyouand convertedtopounds.Effectiveasof30 January2024.

The fee schedule states that, effective 30 January 2024, a 1% currency conversion fee capped at £1,000 applies to payments received and converted to pounds.

Binding document · Monzo Bank Limited · Check the source

we use Mastercard's exchange rate with a 0% fee.

The terms state that Monzo uses Mastercard's exchange rate with a 0% fee.

Binding document · Monzo Bank Limited · currency conversion · Check the source

1%currencyconversionfee(cappedat £1,000)forpaymentsyoureceiveand convertedtopounds.

The fee schedule states that a 1% currency conversion fee, capped at £1,000, applies to payments received and converted to pounds.

Binding document · Monzo Bank Limited · Check the source

REVOLUT LTD

Verified
Fair usage fee (after limit) 1% 0.5% No fair usage fee No fair usage fee No fair usage fee

The fee schedule states a fair usage fee of 1% applies on the Standard plan and 0.5% on the Plus plan after the monthly exchange limit is exceeded, with no fair usage fee on Premium, Metal or Ultra.

Binding document · Revolut Ltd · Check the source

Standard and Plus users who exchange more than this amount start paying a fair usage fee (but Premium, Metal and Ultra customers do not).

The terms state that Standard and Plus users who exchange more than a set monthly amount start paying a fair usage fee, while Premium, Metal and Ultra customers do not.

Binding document · Revolut Ltd · What exchange rate do you use? · Check the source

Standard Plus Premium Metal Ultra Monthly exchange limit £1000 £3000 No exchange limit No exchange limit No exchange limit

The fee schedule states monthly exchange limits of £1000 for Standard, £3000 for Plus, and no exchange limit for Premium, Metal or Ultra.

Binding document · Revolut Ltd · Check the source

We’ll also charge you a 0.4% conversion fee along with the Starling outbound exchange rate.

The document states that a 0.4% conversion fee applies to foreign currency payments, along with the Starling outbound exchange rate.

Binding document · Starling Bank Limited · Check the source

We’ll charge a 0.4% transfer fee alongside the exchange rate, including between two Starling accounts.

The fee schedule states that a 0.4% transfer fee is charged alongside the exchange rate for sending money outside the UK, including between two Starling accounts.

Binding document · Starling Bank Limited · Check the source

we’ll convert the foreign currency into British pounds using the Starling inbound exchange rate, which includes a margin

The agreement states that a margin is included in the Starling inbound exchange rate applied when converting foreign currency payments into the account.

Binding document · Starling Bank Limited · Check the source

Dividend payments will remain exempt from foreign exchange fees and any exchange will be done at the live currency exchange interbank rate.

The client agreement states that dividend payments remain exempt from foreign exchange fees.

Binding document · Trading 212 UK Limited · Check the source

an FX fee of 0.5% is charged on the results of closed positions if the currency of the traded instrument differs from your account currency

The document states an FX fee of 0.5% is charged on the results of closed positions if the currency of the traded instrument differs from the account currency.

Published by the firm · Trading 212 UK Limited · Check the source

When converting between currencies, the applicable FX fee will be applied, as per our Terms & Fees page on our Website.

The client agreement states that an FX fee will be applied to currency conversions as set out on the Terms & Fees page.

Binding document · Trading 212 UK Limited · Check the source

WISE PAYMENTS LIMITED

Stated by the firm
Converting money Fee varies by currency From 0.24%

The fee schedule states that converting money costs from 0.24%, with the fee varying by currency.

Published by the firm · Wise Payments Limited · Check the source

No qualifying source was located within the evidence window. This records what we could not confirm, and carries no inference about the firm.

No qualifying source was located within the evidence window. This records what we could not confirm, and carries no inference about the firm.

Every firm here was asked the same question against the same published standard, and every answer quotes the passage it came from. Where the answers differ, the difference is in the firms’ own documents, not in how we read them.

Darker text marks stronger evidence. A statutory register prints at full strength; a firm’s own marketing prints lighter. The methodology sets out the weightings.