Just a post to update you guys
IBKR is still the lowest for FX conversion fees at 0.20 bps
- below is copy paste from the email I got
Lower FX transfer fees: Based on your feedback, we’re slashing our FX transfer fee from 70bps to 55bps. That means more money in your account and less going towards fees.
Updated FX rate: The exchange rate you receive will now be our wholesale conversion rate directly from our FX provider which includes their spread, in accordance with our existing terms and conditions. On weekends and public holidays, the spread may be adjusted to account for market fluctuations. You’ll always see this exchange rate clearly before you transfer any money.
CAT fees on us: The U.S. Securities and Exchange Commission (SEC) has introduced a new regulatory fee called the Consolidated Audit Trail (CAT). Unlike some other platforms that pass this cost on to their customers, Stake will cover this fee for you on all buy/sell orders.
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