Trading 212 FX Fee: The 0.15% Currency Conversion Cost Explained
Trading 212 charges a 0.15% FX fee (currency conversion fee) whenever you buy or sell an asset priced in a different currency from your account, such as US stocks from a GBP account. As of June 2026 this is one of the lowest FX fees in the market. On a £1,000 US-stock purchase, that is roughly £1.50.
Reviewed by Yaniv Barshaf · Fees verified June 2026 · Our methodology
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When the 0.15% FX fee applies
The FX fee is triggered only when a currency conversion actually happens, not on every trade. If you hold a GBP account and buy a US-listed stock priced in dollars, Trading 212 converts your pounds to dollars and charges 0.15% on the converted amount. The same 0.15% applies when you sell and the dollars are converted back to sterling. Buying UK shares or GBP-denominated ETFs from a GBP account involves no conversion, so no FX fee is charged. As of June 2026, the fee is applied automatically at the point of the trade, so there is nothing to calculate manually. This design means the cost scales with how much foreign-currency investing you do, and investors who stick to home-currency assets pay it rarely, if at all. Capital at risk.
A worked example: £1,000 in US stocks
Suppose you have a GBP Trading 212 account and want to buy £1,000 of a US-listed company such as an S&P 500 constituent. Because the stock trades in dollars, Trading 212 converts £1,000 to USD and applies the 0.15% FX fee. That works out at roughly £1.50 on the £1,000 converted. When you later sell that position and bring the proceeds back to sterling, the 0.15% applies again on the amount converted at that time. So a full round trip involves the fee twice, once on entry and once on exit, each at 0.15% of the converted value. For a buy-and-hold investor making infrequent trades, this is a very small drag. For someone trading US stocks weekly, the repeated conversions add up, which is where holding the underlying currency can help. Capital at risk.
Why 0.15% is among the lowest available
The 0.15% rate stands out because most competing platforms charge several times more for the same conversion. As of June 2026, eToro's FX fee is around 0.75%, roughly five times Trading 212's rate. XTB charges 0.5%, and Revolut charges 0.5% on currency conversion beyond its free monthly allowance. On a £1,000 conversion, 0.15% costs about £1.50, whereas 0.75% costs about £7.50 and 0.5% about £5.00. For investors who regularly buy overseas assets, the difference compounds meaningfully over a year of trading. Combined with commission-free stocks and ETFs, the low FX fee is a large part of why Trading 212 is often cited as one of the cheapest routes into US shares from the UK. Always check current rates before trading, as fee schedules can change.
Holding the underlying currency to reduce conversions
Where Trading 212 supports holding a balance in the asset's currency, such as USD, you can reduce how often the FX fee applies. The idea is that you convert once when funding the account, then buy and sell US stocks in dollars without a fresh conversion on every trade. Proceeds from a sale stay in dollars, ready to be redeployed into your next US position, and you only pay the 0.15% again if you convert back to sterling. For an active US-stock investor, this can meaningfully cut cumulative FX costs compared with converting on every round trip. Buy-and-hold investors who trade rarely gain little from this approach, since they convert seldom anyway. Check whether multi-currency holding is available on your specific account type before relying on it. Capital at risk.
The deposit-fee gotcha: use bank transfer
A separate cost that catches some users out is the deposit fee, which is unrelated to the FX fee but worth knowing. As of June 2026, card and e-wallet deposits are free up to a €2,000 lifetime threshold; once your cumulative card and e-wallet deposits pass that point, a 0.7% fee applies to further top-ups made that way. Bank transfers, by contrast, are always free with no threshold, so the simple fix is to fund your account by bank transfer once you approach or exceed the free card allowance. Withdrawals are free, there is no inactivity fee, and the UK Stocks and Shares ISA is free to hold. Planning deposits around the bank-transfer route keeps your all-in costs down to little more than the 0.15% FX fee on foreign trades.
The bottom line
Trading 212's 0.15% FX fee is genuinely one of the lowest on the market and, combined with commission-free stocks and ETFs, makes it a strong choice for UK investors buying US and other foreign-currency assets. Watch the 0.7% card-deposit fee beyond the €2,000 lifetime threshold and simply use free bank transfers instead. For frequent overseas traders, holding the underlying currency where possible trims costs further. Capital at risk.
Trading 212
Best for low fees and UK investors
Capital at risk. This is not financial advice. Investing involves risk of loss.
Frequently Asked Questions
What is Trading 212's FX fee?
As of June 2026, Trading 212 charges a 0.15% FX fee, also called a currency conversion fee, whenever a trade requires converting between currencies. On a £1,000 conversion that is about £1.50. It is one of the lowest such fees available in the UK and EU market.
When do I pay the Trading 212 FX fee?
You pay it only when a currency conversion occurs, for example buying a US stock priced in dollars from a GBP account. Trades in your account's own currency, such as UK shares from a GBP account, involve no conversion and therefore no FX fee at all.
How does Trading 212's FX fee compare with eToro and XTB?
As of June 2026, Trading 212's 0.15% is well below eToro's roughly 0.75% and XTB's 0.5%. On a £1,000 conversion, that is roughly £1.50 with Trading 212 versus about £7.50 with eToro and £5.00 with XTB — a gap that compounds for frequent traders.
How can I avoid the 0.7% deposit fee?
Fund your account by bank transfer, which is always free. The 0.7% fee only applies to card and e-wallet deposits after you pass a €2,000 lifetime threshold. Switching to bank transfer near that point keeps deposits free with no cap.