Financial Spread Trades and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
You no longer need to convert your profit and losses from a foreign currency back to your base currency.
Stop paying conversion fees. You no longer swap between currencies when trading different instruments.
Easily determine your risk and reward for every trade based on your base currency. No more calculating scenarios in various currencies.
In the following example you live in the United Kingdom and your account base is in British Pounds.
Let’s say you want to trade the DE 40 index. With a typical trading account, you will have to nominate your stake size per point in Euros (because the DE 40 is traded in Euros).
Once you close your trade and have a profit or a loss, the proceeds get converted back to British Pounds. You will pay FX conversion costs on each trade not in your base currency.
With a TD365.com Single Currency Account, every trade is in the base currency you choose, no matter what instrument you trade.
When you select British Pounds as your base currency, it means that your “stake” will be in British Pounds, even when you trade, say the DE 40 (normally in Euros), or the Wall St 30 index (normally in US Dollars), or Dollar Yen (normally in Yen per point).
Each time you place a trade on a Single Currency Account, your stake size, as well as your profit and loss, will always be calculated in your own base currency with no FX conversion fees.
