how to ask question

Oct 19, 2022 at 12:26
495 Visa
3 Replies
Medlem sedan Oct 19, 2022   2 inlägg
Oct 19, 2022 at 12:39
sam2022 posted:



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)
Medlem sedan Apr 09, 2019   538 inlägg
Nov 04, 2022 at 12:23
I trade in GBP on my account and never noticed a fee specifically listed when I trade other currency pairs.
If you can't spot the liquidity then you are the liquidity.
Medlem sedan Aug 05, 2021   401 inlägg
Nov 17, 2022 at 18:40
I don't believe there will be, but you could also ask your specific broker just to be 100% sure.
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