If you're managing your funds in a currency other than US dollars, it’s important to understand how currency conversion works. Here's a clear breakdown of how exchange rates are applied during deposits and withdrawals.
Deposits in Foreign Currency
When you deposit funds in a currency other than USD, the amount is automatically converted to US dollars.
How is the conversion calculated?
The exchange rate used is the one set by the Company on the day your funds are credited to your trading account — specifically, at the moment the deposit arrives.
Withdrawals in Foreign Currency
If you withdraw funds from your USD account to a different currency, the amount is also converted at the time of the transaction.
Which rate is applied during withdrawals?
The Company applies its daily exchange rate that is active at the moment your account is debited.
Based on the transaction method
The exchange rate used can vary depending on how you choose to deposit or withdraw.
Here's how it works for each method:
International Wire transfer
The exchange rate is set by our treasury team.
That means we handle the conversion internally, and the final amount you see in your account will be in USD.
Local Bank Transfer
The exchange rate is applied by the local payment provider.
They convert your local currency to USD before the funds reach your account.
Bank Card
The exchange rate is determined by your issuing bank.
If you're using a card in your local currency, your bank will apply its own rate when converting to USD.
Cryptocurrencies
The current market rate is used at the time of the transaction.
Note: due to crypto volatility, the rate may slightly vary.
Skrill and Neteller
These transfers are processed directly in USD.
No currency conversion takes place on our platform.