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sam2022
how to ask question
in
New Traders
Oct 19, 2022 at 12:39
I have a question.If I open an account in canadian dollar (CAD).........with a forex broker , like Oanda, forex.com, etc......If I buy and sell the pair EUR/USD there will be conversion fee charged because the Quote (USD) is different from my account curency.But if I buy and sell the pair USD/CAD.......the Quote (CAD) is the same from my account curency ...this mean NO conversion fee.Is that correct?(I know there is a spread.....i'm not talking about spread, i'm talking about conversion fee)
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