More power to meet the investment needs of your clients with Foreign Currency Trading
We’ve introduced Foreign Currency Trading, an additional investment option for your clients on our award-winning HUB24 Invest platform.1 To better support your clients’ needs, you or your client can now directly purchase and sell the following 11 foreign currencies within your client’s platform account:
- USD: United States Dollar
- EUR: Euro
- CAD: Canadian Dollar
- CHF: Swiss franc
- GBP: Great Britain Pound
- NOK: Norwegian Krona
- SEK: Swedish Krona
- DKK: Danish Krona
- HKD: Hong Kong Dollar
- JPY: Japanese Yen
- SGD: Singapore Dollar
Foreign Currency – Key trading points
| Interest earned on foreign currency deposits will be paid (less the foreign currency fee). |
| The tiered percentage administration fee applies to foreign currency holdings. |
| No fee is charged by HUB24 on foreign currency transactions. |
| Settlement of international security trades, foreign dividends and foreign currency interest will be in AUD. |
| All foreign currency trading instructions must have AUD as part of the currency pair. |
| Two foreign currency trading batches will be available to advisers to place foreign currency instructions via aggregated trading. The close times to receive instructions are: 10:30AM 3:30PM Australian Eastern time. |
| Settlement of all foreign currency trades will always be on a T+2 basis, meaning advisers are unable to select a settlement date. |
| Foreign currency cannot be added to Model Portfolios or other Investment Strategies. |
| Foreign currency orders will not be netted. |
1 HUB24 was rated Best Platform Overall in the Investment Trends 2023 Platform Competitive Analysis and Benchmarking Report.
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