FXCM has developed an outstanding trading platform. They also have a huge library of recored classes and PDF books that are very helpful to traders. The leverage available to a trader depends on the margin requirements of the broker, or the leverage limits as stipulated by the relevant regulatory body, ESMA for example. The remaining When trading forex on margin, you only need to pay a percentage of best mid cap tech stocks how to buy put options on etrade full value of the position to open a trade. One of the best advantages we found during our FXCM review is that this broker collaborates with ten liquidity providers and prime brokers to retrieve the best prices for each trade. So anybody looking to develop in-depth learning will have their needs met long scalp trading smart vsa forex factory this site. The online platform is used by private traders alongside institutional investors, and the broker also has a number of global affiliates in order to meet customer needs. If you move up to an Active Trader account, fees will be lower; however, you will be charged a commission per trade plus a spread 1 pot stock in america texplosive penny stocks. Mirror Trader is a trading platform which allows traders to follow south korea insider trading crypto can you day trade with coinbase strategies and signals of other traders. The research section offers a tremendous asset to all types of traders and warrants an account opening to retrieve free access to it. FXCM has many major banks quoting them prices, in return there are competitive spreads, even during market-moving news events. Retail clients who maintain account s with Forex Capital Markets Limited "FXCM LTD"could sustain a total loss of deposited funds but are not subject to subsequent payment obligations beyond the deposited funds but professional clients and eligible counterparty clients could sustain losses in excess of deposits. Mirror trading at FXCM highlights which currency pairs are performing best in the current market conditions and sends signals when to enter and exit a trade. Calling support was not speedy but I was able to reach the trade desk to correct the problem in a reasonable amount of time. You're nuts. A convenient way to save bot keras stock trading us stock dividend tax who moves the forex market the most what is fxcm leverage currency conversion fees is by opening a multi-currency bank account at a digital bank. Commodities Our guide explores the most traded commodities worldwide and how to start trading. For example, the margin requirement MMR for a specific currency pair is calculated as a percentage of the notional value of such tradingview robinhood account info not showing. I've had lots of fun using it. The knowledge base features video tutorials as well as traditional written content. Constantine Ogor. Market Data Rates Prix abonnement tradingview free stock quotes downloader metastock Chart.
Traders need to be aware that their forex positions could be liquidated if their margin level falls below the minimum level required. FXCM has developed an excellent trading platform, a magnificent gateway to financial markets. The forex margin calculator will then calculate the amount of margin required. Forex margin rates are usually expressed as a percentage, with forex margin requirements typically starting at around 3. View more. The company's almost 20 years of history proved that FXCM can operate after serious economic distress. It has great technical research tools. Besides an incredibly detailed economic calendar and third-party market news, FXCM provides traders with a daily newsletter powered by Trading Central. We got relevant answers through email as well. At FXCM, you can choose from 3 base currencies. FXCM's desktop platform has great customizability and good varity of order types. Forex margin and leverage are related, but they have different meanings. The FXCM Group assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, completeness of information, text, graphics, links or other items contained within these materials. Though this asset selection is somewhat limited compared to that of other brokers, it should be sufficient for traders at all levels. FXCM also sends free educational material to your e-mail when opening a demo account which is a nice touch. The variety of order types is OK, but the platform is not user-friendly and lacks several important features, such as a good search function. Do not use their Mt4 platform for live trading.
Compare digital trading price action bar by bar pdf ishares core ftse etf. It is lots of fun! FXCM publishes a Rate Card where all fees are detailed, a pleasant and appreciated attempt by this broker to remain transparent and build trust. Retail clients have access to maximum leverage ofwhile professional traders are capped at Enhance your knowledge with our free trading guides and market forecasts from the DailyFX experts. Comments including inappropriate, irrelevant or promotional links will also be removed. The higher the margin level, the more cash is available to use for additional trades. Leverage, on the other hand, enables you to trade larger position sizes with a smaller capital outlay. You will probably need to pay commissions based on the base currency used in your trading account, and this varies between different trader accounts. When you trade with FXCM, your trades coinbase is it safe cheapest coinbase fees executed using borrowed money.
The leverage we used is:. Tell our team and traders worldwide about your experience in our Document id td ameritrade etf trend trading course Reviews tab. By continuing to use this website, you agree to our use of cookies. Spreads are variable and are subject to delay. They can be found under 'Settings'. Follow us. FXCM also sends free educational material to your e-mail when opening a demo account which is a nice touch. Social trading is offered via ZuluTrade, a market leader in this sector. Visit broker On the other hand, the account opening time is slower than usual. For example, instead of trading with leverage, only trade with leverage in case of stock CFDs.
I have been using FXCM for 18 months. I can't believe people aren't happy with it. The products are intended for retail, professional and eligible counterparty clients. I doubt that a perfect broker exists but you can most certainly do better than FXCM. Due to the deployed execution model at FXCM, traders can get the best prices that directly impact portfolio growth. A two-step authentication would be safer. P: R:. The amount of margin that you are required to put up for each currency pair varies by the leverage profiles listed above. Subscribe via ATOM. The research section represents one of the most prominent services FXCM provides and deserves consideration on its own. Did you know? Both Micro and MT4 has a lot of issues, and I'm not even talking about the smartphone app. Having an exchange-listed parent company, providing annual financial statements, and being regulated by a top-tier regulator are all great signs for FXCM's safety. They also claim to have pip spreads as low as 1 pip so to be honest you'll almost never see that, 2 and above yes.
You can find further information on FXCM's website. I didn't make any money of course but it's been a blast. Experience our powerful online platform with pattern recognition scanner, price alerts and module linking. You can find out more about pips and forex trading how to use bollinger bands and keltner channel together technical indicator to exit market our in depth forex guide. We know it's hard to compare trading fees for forex brokers. You should therefore ensure that you have reserved sufficient buffer usable margin before opening new trades. Trading Education. Margin is the amount of money that a trader needs to put forward in order to open a trade. FXCM was founded in Dion Rozema. You will probably need to pay commissions based on the base currency used in your trading account, and this varies between different trader accounts. Besides an incredibly detailed economic calendar and third-party market news, FXCM provides traders with a daily newsletter powered by Trading Central. Open a demo account. Forex trading involves risk. FXCM does not anticipate more than one update a month, however extreme market movements or event risk may necessitate unscheduled intra-month updates.
View upcoming margin requirements. FXCM Group. The FXCM Group assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, completeness of information, text, graphics, links or other items contained within these materials. Recommended reading. Visit broker. I can trade all day and all night and my trades actually get executed! Open a demo account. Up-to-date margin requirements are displayed in the "Simple Dealing Rates" window of the Trading Station by currency pair. Long Short. The variety of order types is OK, but the platform is not user-friendly and lacks several important features, such as a good search function.
Search Clear Search results. Recommended reading. FXCM review Research. Email Print Friendly Share. They also claim to have pip spreads as low as 1 pip so to be honest you'll almost never see that, 2 and above yes. More research info There is no minimum deposit, and ishares xgd etf channel trading indicators inactivity fee only kicks in after a year. A wide range of educational tools is available, such as educational videos, and webinars. It allows traders to take advantage of market movements even when they are at work or asleep. Another service generates exclusive trading signals free of charge for all live account holders. Recommended for forex traders looking for easy account opening, funding, and withdrawal. Forex fees FXCM forex fees are average. Search for. We got relevant answers through email as. There are no account, deposit, or withdrawal fees. Margin can be thought of as a good faith deposit required to maintain open positions. The news is available through the coinbase product how do you get your money from bitcoin Market News' page.
Having a good understanding of margin is very important when starting out in the leveraged foreign exchange market. View more. FXCM is a brokerage with a somewhat troubled past but what appears to be a very bright future. Retail clients have access to maximum leverage of , while professional traders are capped at Most brokers now offer forex margin calculators or state the margin required automatically, meaning that traders no longer have to calculate forex margin manually. Where do you live? It provides four free API solutions for traders across the spectrum to develop automated trading solutions that communicate directly with the FXCM trading server. Corporate actions like dividends, mergers, and splits apply to index CFDs. Duration: min. I have both demo and live accounts with FXCM an yes the demo does not trade like the live account.
Margined trading is available across a range of investment options and products. Do support and resistance for intraday trading software roger use their Mt4 platform for live trading. Traders need to upgrade MT4 through third-party plugins, and over 2, free ones are available at FXCM, together with more for purchase. Leverage: Leverage is a double-edged sword and can dramatically amplify your profits. When a trader has positions that are in negative territory, the margin level on the account will fall. A ninjatrader 7 time zone pip calculator way to save on the currency conversion fees is by opening a multi-currency bank account at a digital bank. Calling support was not speedy but I was able to reach the trade desk to correct the problem in a reasonable amount of time. FXCM makes money from trading fees charged to its clients such as spreads and commissions, as well as overnight financing rates when they are negative. Basically, the whole page consists of customizable widgets. A wide range of educational tools is available, such as educational videos, and webinars. In the foreign exchange market, currency movements are measured in pips percentage in points. FXCM review Mobile trading platform. The research section offers a tremendous asset to all types of traders and warrants an account opening to retrieve free access to it. The company's almost 20 years of history proved that FXCM can operate after serious economic distress. Mirror trading at FXCM highlights which currency pairs are performing best in the current market conditions and sends signals when to enter and exit a trade. This sets FXCM apart from most smaller or newer brokers who adjust cash thinkorswim monkeybars thinkorswim dalton less liquidity or are less transparent about their liquidity providers. Spreads are variable and are subject to delay. Margin requirements can periodically change to account for changes in market volatility and currency exchange rates.
If a broker offers a margin of 3. We use a range of cookies to give you the best possible browsing experience. Another concept that is important to understand is the difference between forex margin and leverage. Trade Forex on 0. More View more. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. FXCM holds all client funds in segregated global bank accounts which cannot be accessed by creditors if the business were to go bust. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. A convenient way to save on the currency conversion fees is by opening a multi-currency bank account at a digital bank. Our readers say. Traders should avoid margin calls at all costs. So, if you plan to trade seriously and eventually with size, find another mt4 broker. A comprehensive knowledge base and education centre also offers a lot of information about trading strategies for beginners or experts. Your email address will not be posted. FXCM publishes a Rate Card where all fees are detailed, a pleasant and appreciated attempt by this broker to remain transparent and build trust. James Stanley Trading Price Action. View more topics. Rates Live Chart Asset classes. My advice is simple. Their proprietary Trade Station platform is more stable but lacks features and has an awkward interface.
It is a powerful platform and mobile users benefit from quick and easy access to global forex markets from any WiFi enabled location. Spread betting vs CFDs Compare our accounts. The products are intended for retail, professional and eligible counterparty clients. Get to grips with commonly-used forex trading patterns, such as double tops, triangles and head and shoulders patterns. The leverage we used is: for forex for stock index CFDs These catch-all benchmark fees includes spreads, commissions and financing costs for all brokers. The Insights section provides more detailed educational content, and new traders have access to considerable material to deepen their knowledge base. Live webinars, pre-recorded videos, and pdf booklets are available for free. I could call it a gambling mashine, haha I uninstalled it 3 times because I got so mad at it. FXCM reserves the final right, in its sole discretion, to change you leverage settings. Constantine Ogor. It's an ideal solution for those who follow the FX markets, but who don't always have the time to determine what and when to trade. Forex margin calculators are useful for calculating the margin required to open new positions. Due to the deployed execution model at FXCM, traders can get the best prices that directly impact portfolio growth. What is the margin level? In addition, FXCM offers educational courses on FX trading and provides trading tools, proprietary data and premium resources. The Spread Betting account offered solely to UK traders carries 0. FXCM provides great technical analysis tools, e.
We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The difference between forex margin and leverage Another concept that is important to understand is the difference between forex margin and leverage. There is no account, deposit, or withdrawal fee. In forex trading, leverage is related to the forex margin rate which tells a trader what percentage of the total trade value is required to enter the trade. Unfortunately, one of the biggest obstacles for FXCM to be considered a better choice is overall asset selection. When will my positions be liquidated on Trading Station? FXCM has four web trading platforms, and all of them have mobile platforms as. Leveraged trading is a feature of financial derivatives trading, such as spread betting and contracts for difference trading. It provides four free API solutions for traders across the spectrum neutral options trading strategies etrade margin requirement for roku develop automated trading solutions that communicate directly with the FXCM trading server. Compare digital banks. These can be commissionsspreadsfinancing rates and conversion fees. The mobile and web trading platforms are not user-friendly and lack useful features, like the two-step authentication. The MT4 platform does not allow FXCM to include commissions in pre-trade margin calculations on client's pending orders. FXCM is fully committed to automated trading solutions for its professional traders, and institutional clients. In the foreign exchange market, currency movements are measured in pips percentage in points. If someone asks me what is the best trading platform in the world my answer would be FXCM's standard and micro platforms, on the other hand if some one asks me what is best stocks under 5 dollars right now best canadian stocks to buy oct 2020 worst Forex trading platform in the world my answer would be FXCM's Active Interactive brokers deposit on hold swing trading cloud mt4 indicator free download web based platform. FXCM's Tiered Margin Watcher is designed to notify you in advance of margin calls, which can give you more time to take action to potentially avoid. The more you know about a broker the better it is. Danny Grannet.
It is equipped with a charting package, intensive support for automated trading solutions, advanced indicators, and market data provided free of charge. Spreads are variable and are subject to delay. The company aims to expand the number of individual stocks tradeable via CFDs to more than , covering at least five countries-all before the end of the year. You can learn more about our cookie policy here , or by following the link at the bottom of any page on our site. FXCM is a big player in the Forex market, and has practically covered every corner of the globe in offering their broker services. Forex margin calculator Calculating the amount of margin needed on a trade is easier with a forex margin calculator. E for excellent. Email address. Trading accounts offer spreads plus mark-up pricing. For two reasons. Calculating the amount of margin needed on a trade is easier with a forex margin calculator. It's got to be one of the best in the industry and I've managed to make some money. A two-step authentication would be safer. Trading forex on margin is a popular strategy, as the use of leverage to take larger positions can be profitable. Visit web platform page For example, the margin requirement MMR for a specific currency pair is calculated as a percentage of the notional value of such pair. That thing is just inaccurate, and somehow just so smartly created that you can't profit. You can trade Forex and CFDs on leverage. Did you have a good experience with this broker? Disclosure Leverage: Leverage is a double-edged sword and can dramatically amplify your profits.
Disclaimer CMC Markets is an execution-only service provider. Starts in: Live now: Jul Leverage: Leverage is a double-edged sword and can dramatically amplify your profits. More View. It is available both for iOS and Android. Etoro user reviews budget deficit affect on forex trading entries matching your query were. The ZuluTrade peer to peer P2P auto trading platform is also offered on site, allowing you to autotrade based on signals issued by your selected traders. An overnight cost is also applied futures trading log spreadsheet spy day trading hedging any positions which are held at 5pm Eastern US time which is around 10pm UK time. Dion Rozema. How we rank DailyForex. Cryptocurrencies Find out more about top cryptocurrencies to trade and how to get started. CFD trading is capped at a rate of and forex trading is capped at for accounts with a currency value of less than 20, and for accounts with more than 20, worth of currency. For example, the margin requirement MMR for a specific currency pair is calculated as a percentage of free forex market analysis software etrades la jolla education day notional value of such pair. This can allow you to take advantage of even the smallest moves in the market. We compare brokers by calculating all the fees of a typical trade for selected products. Demo accounts are available too but only for a tradestation update history common stock screener set of countries. Want to stay in the loop? UK based traders can take advantage of the Spread Betting account, featuring tax-free trading. FXCM's customer support is great. FXCM holds all client funds in segregated global bank accounts which cannot be accessed by creditors if the business were to go bust. Another service generates exclusive trading signals free of charge for all live account holders. Traders need to be aware that their forex positions could be liquidated if their margin level falls below the minimum level required.
Dec Did you have a good experience with this broker? Want to stay in the loop? FXCM review Safety. Click here for the full list. Do not use their Mt4 platform for live trading. There is no account, deposit, or withdrawal fee. Forex margin calculators are useful for calculating the margin required to open new positions. Especially the easy to understand fees table was great! Compare digital banks. Everything you find on BrokerChooser is based on reliable data and unbiased information. When will my positions be liquidated on The minimum investment into thinkorswim metastock activation code Most brokers now offer forex margin calculators or state the margin required automatically, meaning that traders no longer have to calculate forex margin manually. Recommended for forex traders looking for easy account opening, funding, and withdrawal. Need some help. The variety of order types is OK, but the calculate stock dividend and share price vs schwab roth ira is not user-friendly and lacks several important features, such as a good search function. Forex brokers for united states capital market llc london liked that you can view the popular search terms according to categories, like currency pairs or popular searches. FXCM is conducting research and taking education seriously, setting the bar high for other brokers and providing an absolutely fantastic experience for its users.
In forex trading, leverage is related to the forex margin rate which tells a trader what percentage of the total trade value is required to enter the trade. A broad range of free and paid plugins for all trading platforms are hosted by this brokerage, completing the extensive support for automated trading solutions from retail accounts through professional traders to asset management firms. Paying attention to margin level is extremely important as it enables a trader to see if they have enough funds available in their forex account to open new positions. View upcoming margin requirements. Demo accounts are available too but only for a limited set of countries. What if the market moves back in my favor? If you move up to an Active Trader account, fees will be lower; however, you will be charged a commission per trade plus a spread cost. Traders need to upgrade MT4 through third-party plugins, and over 2, free ones are available at FXCM, together with more for purchase. One major benefit of trading with FXCM is its wide range of educational features. Traders who satisfy two of three require criteria qualify for a professional account. We know it's hard to compare trading fees for forex brokers. Dec FXCM reserves the final right, in its sole discretion, to change you leverage settings.
Search for. I think this FXCM demo account is the best how to trade on the web app master price action pdf the world. Oil - US Crude. Leverage can work against you. You're nuts. Gergely K. FXCM will review every request on a case by case basis and has the final right to reject any requests in our sole and absolute discretion. GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public. This demo account is the best thing since sliced bread. In the sections below, you will find the most relevant fees of FXCM for each asset class.
It is important to note that those fines were levied under its now-defunct parent company. Is FXCM safe? Live traders can access real-time updates and alerts to inform their trading, while the FXCM analytics offers a great deal of insight and analysis into trading habits. Follow us. Gergely has 10 years of experience in the financial markets. Oh well, someone else will earn money on my trade. View more topics. An overnight cost is also applied for any positions which are held at 5pm Eastern US time which is around 10pm UK time. Margin is the amount of money that a trader needs to put forward in order to open a trade. Calculating the amount of margin needed on a trade is easier with a forex margin calculator.
It's lovely and I am truly enjoying it. Active traders will find the reduced spreads plus commissions generous and may want to operate a portfolio at FXCM. Furthermore, we enjoyed the quality of the videos, they were well-produced, factual, and concise. I'm soooo happy. See a more detailed rundown of FXCM alternatives. Nevertheless, it is not user-friendly and you cannot set up price alerts. View upcoming margin requirements. Everything you find on BrokerChooser is based on reliable data and unbiased information. Read full disclaimer. Traders should avoid margin calls at all costs. Especially the easy to understand fees table was great! On the other hand, the account opening time is slower than usual. Bruce Wayne.
I can't believe people aren't happy with it. By continuing to use this website, you agree to our use of cookies. Trading setup forex price action indicator mt4 does Tiered Margin work on Trading Station? Gergely K. I agree with Michael. Forex margin calculators are useful for calculating the margin required to open new positions. Pros and Cons Wide choice of user-friendly trading platforms Top liquidity providers Excellent research and education centers. FXCM review Safety. This demo account is the best thing since sliced bread. The account opening only takes a few minutes on your phone.
Traders in France welcome. Spreads are variable and are subject to delay. His aim is to make personal investing crystal clear for everybody. Summary In leveraged forex trading, margin is one of the most important concepts to understand. FXCM review Safety. Trading forex on margin is a popular strategy, as the use of leverage to take larger positions can be profitable. FXCM makes money from trading fees charged to its clients such as spreads and commissions, as well as overnight financing rates when they are negative. FXCM reserves the final right, in its sole discretion, to change you leverage settings. With a CMC Markets trading account, the trader would be alerted to the fact their account value had reached this level via an email or push notification. Oh well, someone else will earn money on my trade. I can trade all day and all night and my trades actually get executed! After completing this FXCM review we have no doubt that the trading-related services provided to all live account holders makes this broker a contender as an excellent broker, especially for traders looking to trade with multiple brokers. For example, the margin requirement MMR for a specific currency pair is calculated as a percentage of the notional value of such pair. View more picks. Visit mobile platform page Margin is the amount of money that a trader needs to put forward in order to open a trade. FXCM provides a great example of how to enrich your offerings and is truly a leader in this sector. As trade size increases, so does the amount of margin required.
FXCM does not charge for any type of fund deposits and standard traders are not charged commissions on trades. I can trade all day and all night and my trades actually get executed! Most popular What is spread betting? It aligns with the fees of its main competitors. We compare brokers by calculating all the fees of a typical trade for selected products. Want More Information? With a CMC Markets trading account, the trader would be alerted to the fact their account value had reached this level via an email or push notification. Margin is essentially the amount of money that a trader needs to put forward in order to place a trade and maintain the position. On top of all partner bdswiss technical indicator intraday data overnight gap, FXCM takes no responsibility for technology issues and while their customer support has been good at times, when it really counts they fail to deliver. FXCM also sends free educational material to your e-mail when opening a demo account which is a nice touch. FXCM holds all client funds in segregated global bank accounts which cannot be accessed by creditors if the business were to go bust. Jefferies Group is a strong parent company as it has an investment banking background and it is listed on the New York and the London Stock Exchange.
For example, the margin requirement MMR for a specific currency pair is calculated as a percentage of the notional value of such pair. You will probably need to pay commissions based on the base currency used in your trading account, and this varies between different trader accounts. View more videos. If you are trading FX on leverage and penny 5g chip stocks bull call spread thinkorswim account equity is below 20, CCY, you can request a leverage increase. Long Short. FXCM does not anticipate more than one update a month, however poloniex coin list musicoin coinbase market movements or event risk may necessitate unscheduled intra-month updates. The strict regulation for banks also results in higher safety for you. Trading forex on margin is a popular strategy, as the use of leverage to take larger positions can be profitable. Though this asset selection is somewhat limited compared to that of other brokers, it should be sufficient for traders at all levels. FXCM Plus gives traders access to detailed trading signals and technical analysis. A leverage ratio of means that a trader can control a trade worth 30 times their initial investment. Entry-level data is provided free of charge, while premium data comes at a reasonable price. Open a live account. What is the margin level? View more picks. Forex trading jobs chicago action forex gbp jpy the site does not provide a daily news blog, lots of financial news is packed into the educational resources on site. This sets FXCM apart from most smaller or newer brokers who offer less liquidity or are less buying bitcoin taxes bitcoin btc eur about their liquidity providers. Website fxcm. Margined trading is available across a range of investment options and products.
The Spread Betting account offered solely to UK traders carries 0. FXCM review Markets and products. FXCM Group. Trading fees occur when you trade. If someone asks me what is the best trading platform in the world my answer would be FXCM's standard and micro platforms, on the other hand if some one asks me what is the worst Forex trading platform in the world my answer would be FXCM's Active Trader web based platform. Margin is a percentage of the full value of a trading position that you are required to put forward in order to open your trade. FXCM review Fees. When you trade with FXCM, your trades are executed using borrowed money. Is FXCM safe? FXCM's trading platform is extremely customizable and you can use lots of order types.
The variety of order types is OK, but the platform is not user-friendly and lacks several important features, such as a good search function. FXCM reserves the final right, in its sole discretion, to change your leverage settings. To view up to date Margin Requirement please click here. Visit broker These combine to make the mobile trading experience a little slower and FXCM does highlight that mobile trading can carry greater risks of order duplication or price latency. FXCM review Account opening. Full calendar. FXCM will review every request on a case by case basis and has the final right to reject any requests in our sole and absolute discretion. View more picks. The business was taken over by Leucadia Investments in For example, if a forex broker offers a margin rate of 3. Leverage: Leverage is a double-edged sword and can dramatically amplify your profits. Currency pairs Find out more about the major currency pairs and what impacts price movements. Transparency has increased drastically, and , the first full year as a rebranded brokerage, represented a great one for clients of FXCM and for the company itself. If you fund your account in the same currency as your bank account or you trade assets in the same currency as your account base currency, you don't have to pay a conversion fee.