Retail FX and CFD broker Admirals today announced an update to its MetaTrader 5 (MT5) platform that enhances the way it displays the currency conversion fees.
Here’s the essential information:
- No new fees: Admirals have not introduced any new charges.
- Improved visibility: Its existing currency conversion fee is now clearly visible on the MT5 platform.
- New ‘Fee’ column: You’ll see a new column labeled ‘Fee’ that displays these charges.
Admirals’ 0.3% currency conversion fee (with a minimum of 0.01 units of your account’s base currency) applies to trades in Stocks, ETFs, Stock CFDs, and ETF CFDs quoted in currencies other than your account’s base currency. This fee has been in place for some time and applies to the settlement of actual profits and losses, distributions, and service charges.
Previously, this fee was applied but not visible as a separate item on the trading interface. Now, you can easily track and identify these fees, giving you a clearer picture of your trading costs.
The broker hopes this change will enhance your trading experience by providing more transparent and accessible information about your transactions.
