When you buy or sell shares on a market outside the UK, e.g. the US market 🗽, it costs Dodl a little more to place your order. To cover the cost of doing this, and to keep all other costs low on Dodl, you’ll pay a foreign exchange (FX) charge. You’ll see it on-screen as a % of the amount you want to buy or sell.
You'll also pay an FX charge if the company you're invested in pay you a portion of their profits (dividend) in a foreign currency. That's because it’ll need to be converted to pounds before it can be paid into your Dodl account.
FX charge to buy/sell US shares:
• 0.75% (up to £10,000)
• 0.5% (amount between £10,000-£20,000)
• 0.25% (amount over £20,000)
FX charge to convert dividends/corporate action payments:
• 0.5%.