Could someone please explain me what I missed here?
I have traded US stocks by Degiro’s Euro account from Finland for awhile. I hadn’t noticed until I found out after deducting transaction fee of €0.51, I have lost additional $1-$3 for every order after deducting 0.1% exchange fee.
Let take an example:
On 30/07/2020, I bought 2 x Atlassian stocks at $189.9 (USD)($379.8 in total). My euro-account was deducted €322.08 (Euro). On that day, the exchange rate is 1 euro = 1.19 usd. Therefore, after deducting AutoFX conversion fee (0.1%), I should have ~ $382.89.
Why did they take $382.89 to buy $379.8 value of stock? I take a look at all my transaction and I notice that I lost around 0.8% of total value of stocks I purchased. Did I miss some kind of fee here?
I have traded US stocks by Degiro’s Euro account from Finland for awhile. I hadn’t noticed until I found out after deducting transaction fee of €0.51, I have lost additional $1-$3 for every order after deducting 0.1% exchange fee.
Let take an example:
On 30/07/2020, I bought 2 x Atlassian stocks at $189.9 (USD)($379.8 in total). My euro-account was deducted €322.08 (Euro). On that day, the exchange rate is 1 euro = 1.19 usd. Therefore, after deducting AutoFX conversion fee (0.1%), I should have ~ $382.89.
Why did they take $382.89 to buy $379.8 value of stock? I take a look at all my transaction and I notice that I lost around 0.8% of total value of stocks I purchased. Did I miss some kind of fee here?