S
SL100
Guest
Hi,
If you plan to buy shares in the UK or Europe as well as the US, will you lose out on currency conversion if you do it all via one online broker?
For example if you use interactivebroker or firsttrade presumably the conversions would be:
Euro -> Dollars -> Sterling (to get funds into your broker account and then buy in the UK)
or even worse:
Euro -> Dollars -> Euros (to get funds into your broker account and then buy in the Euro zone)
Am I missing something or is it actually worth having a US, a UK and Euro online broker account to avoid currency conversion losses if you want to buy shares in all three currencies???
Cheers,
SL100
If you plan to buy shares in the UK or Europe as well as the US, will you lose out on currency conversion if you do it all via one online broker?
For example if you use interactivebroker or firsttrade presumably the conversions would be:
Euro -> Dollars -> Sterling (to get funds into your broker account and then buy in the UK)
or even worse:
Euro -> Dollars -> Euros (to get funds into your broker account and then buy in the Euro zone)
Am I missing something or is it actually worth having a US, a UK and Euro online broker account to avoid currency conversion losses if you want to buy shares in all three currencies???
Cheers,
SL100