How can I trade products listed in foreign currencies?

Automatic currency conversion, or Auto FX, is the widely accepted industry standard used by most of our clients. When Auto FX is enabled, your funds are automatically converted when your order in a product quoted in a foreign currency is executed, or when you receive foreign currency income in your account. The timing of the conversion can vary depending on the scenario. For executed orders, the conversion happens immediately. However, in cases such as receiving dividends in a foreign currency or moving from Manual FX to Auto FX, the conversion usually takes place overnight. Auto FX currency transactions are labeled as 'Currency Debit' and 'Currency Credit', so you can easily check them in your account statement.

In addition to Auto FX, some of our clients choose to exchange foreign currency manually. Enabling Manual FX gives you the flexibility to perform currency transactions as you see fit. Please note that this option is only available for USD and GBP and requires opening one or more foreign currency Cash Accounts. After you activate Manual for the first time for one of these currencies, an online form to open such a Cash Account will be automatically launched. Before you place an order for a product listed in a foreign currency, you must convert funds to your foreign currency account. Go to 'Place Order' and select 'Currency Transaction', or simply tap the plus button in our app and select 'Other Orders'. The balance of your foreign currency account(s) will be visible as a separate line in your portfolio, so you can easily track and manage your manual currency transactions.