Admirals, a leading retail FX and CFD broker, has introduced a key update to its MetaTrader 5 (MT5) platform, aimed at enhancing the visibility of currency conversion fees for traders.
Key Updates:
- No New Fees: Admirals has not introduced any additional charges.
- Enhanced Transparency: The existing currency conversion fee is now prominently displayed on the MT5 platform.
- New ‘Fee’ Column: A new column labeled ‘Fee’ has been added, making it easier for traders to see these charges.
Admirals charges a 0.3% currency conversion fee (with a minimum of 0.01 units of your account’s base currency) for trades involving Stocks, ETFs, Stock CFDs, and ETF CFDs quoted in a currency different from your account’s base currency. This fee, which applies to the settlement of actual profits and losses, distributions, and service charges, has been in place for some time.
Previously, this fee was applied but not clearly visible as a separate item on the trading interface. With this update, traders can now easily track and identify these fees, offering a more transparent view of trading costs.
Admirals believes that this change will improve the trading experience by providing clearer and more accessible information about transaction costs.