11/29/2023 0 Comments Compare stocks together![]() In some instances, it could result in a difference in price depending on market movement between an order being sent to the exchange and the price being confirmed at completion. ‘At Best’ orders are always dealt with the aim of achieving the best available price at the time the order is being completed. ‘Quote and deal’ is only available when dealing in the UK market. Order types – When placing an international order, you’ll have a choice of either ‘At Best’ or ‘Limit Order’. If placing a deal the final FX rate, including the FX fee will be shown in your order history once complete. If you’re placing an order outside of market hours, remember that the price the share opens at could be different to the price at the close on the last dealing day.įoreign exchange rates – We’ll show you the most up-to-date foreign exchange (FX) rate available when viewing holdings, company information or placing an order. You don’t have to wait for markets to be open to place an order though – any orders placed outside of market hours will be dealt when the market re-opens. You’ll see a green indicator if the market is open and a red indicator if it’s closed. Market opening times – Many international markets open at different times to the UK. You can view a full breakdown of charges on our fees page. It is important to read about and understand fees before you start investing. Shares are not a short-term investment, so they are usually best suited to investors who are able to hang on to them for at least five years or preferably longer. These include, but are not limited to, transaction taxes payable on markets in France and Spain. Some countries also charge specific taxes on buying or selling shares. Please bear this in mind if you plan to buy and sell frequently in international markets. So if you sell shares in a US company that prices in US dollars, and then buy shares in a different US company in US dollars, there would be two FX charges. A foreign exchange (FX) is made wherever the shares don’t price in sterling, and there is a fee charged for each FX transaction made. Whichever exchange you deal on, and whatever currency the shares trade in, all deals you place will be settled on your Smart Investor account in sterling. For deals in the US you pay £6 per deal, and for deals placed on other International markets you pay £9 per deal. When you buy and sell UK shares and ETFs on Smart Investor you pay £6 for every deal. What markets are available?īuying International shares has different fees and charges than dealing in the UK markets, some depend on the specific market you’re dealing on. Shares can carry higher risks than other investment options, because of this they're more suitable for experienced investors. With Smart Investor you have access to 10 exchanges including ones in the US, Germany, and Canada.īuying shares means you benefit from any dividends that may be paid and have the option of taking part in corporate actions. International share dealing lets you hold shares in individual companies listed on stock exchanges outside the UK. This is not tailored financial advice so if you’re not sure about investing, seek independent advice. On this page you’ll find information about Smart Investor and tips on how to get started. The value of investments can fall as well as rise so you may not get back what you invest. Each offers benefits but also comes with its own risks. There are a number of different ways to invest internationally with Smart Investor. If you’re looking for investment opportunities, investing in international markets could offer a number of benefits including greater diversification and gaining access to sectors that may be under-represented in the UK markets.
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