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What are foreign exchange (FX) charges and when are they taken?
What are foreign exchange (FX) charges and when are they taken?
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Written by Sadie Cash
Updated over a week ago

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%.

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