Given that it's compulsory to FX to GBP any result of a sale of a non GBP stock, there is a 0.15% fee EACH way, leading to a fee of roughly 0.3% each time we buy and sell a US/EUR stock.
so on a 10k USD trade, t212 gets over 30USD.
As a result of this fee, t212 has had over 5000 GBP from me in FX fees (totally), which i cannot avoid. Naturally, this doesnt sit well with me.
I'm not sure t212 itself incurs such costs as I imagine they have pools of cash in each currency to facilitate buys/sells, but ultimately i do not know what kind of costs are actually associated with these ISA transactions, or indeed, how it actually works.
should t212 (try to) give us a third option to ultimately sel
