Skilling charges a Currency Conversion Fee for all trades on instruments denominated in a currency different from the currency of your account.

**Example:**

Account Currency |
Traded Symbol |
Conversion Fees |
Reasoning |

USD | EURGBP | Yes |
EURGBP is quoted in GBP while the account's base currency is in USD |

USD | EURUSD | No |
EURUSD is quoted in USD which is the same as the account's base currency |

EUR | EURUSD | Yes |
EURUSD is quoted in USD while the account's base currency is in EUR |

The fee will be 0.7% of the trade's realized profit and loss and will be reflected once your position is closed.

**Calculation example:**

Assuming you have an account denominated in **EUR**.

You open a Buy position of **1 unit **on** Dow Jones 30 **at the price of** 34,000** and close your trade at ** 34,050.**

Dow Jones is denominated in USD, and therefore the above position would result in a profit of **$50.**

Since your account is in EUR a conversion must be made to reflect the gain of $50 in your account's currency.

To convert your profit of $50 into EUR, our system will automatically use the EUR/USD exchange rate at that time **plus/minus **the conversion fee of 0.7%.

- Let’s assume that EUR/USD ask rate at that time is 1.1730
- Profit converted to EUR
**without**the markup = $50 / 1.1730 =**€42.62** - Profit converted to EUR
**with the**markup = $50 / {1.1730+(1.1730*0.7%)} =**€42.32**

Based on the above example, the **conversion fee** would result in **€****0.30**

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