What is your AUD <-> USD conversion cost?

Our exchange rate comes from our partner (Currencycloud), which is based on the available mid-market rate. We then add a small margin of 50 bps. To show how this works, here is an example using an exchange rate of 0.65 USD per AUD.

With the FX margin applied, the calculation is as shown below.
​
​AUD-> USD

CONVERSION WITHOUT FEE: AUD 1000 x 0.6500 = USD 650.00

CONVERSION WITH FEE: AUD 1000 x 0.6450 = USD 645.00. (50 bps deducted from rate)

FEE: Difference between USD 650.00 - USD 645.00 = USD 5.00

---

USD->AUD

CONVERSION WITHOUT FEE: USD 1000 / 0.6500 = AUD 1,538.46

CONVERSION WITH FEE: AUD 1000 / 0.6550 = AUD $1,526.72. (50 bps deducted from rate)

FEE: AUD 1,538.46 - AUD $1,526.72 = AUD 11.74

How long does AUD <-> USD conversions take?

Our AUD -> USD conversion is instant, we allow you to buy shares with the money immediately but will need 2 business days for the underlying money to clear before you can transfer out (make a USD -> AUD transfer).

* There is a daily instant funding limit per account of US$25,000

Our USD -> AUD conversion takes up to 4 business days to complete.

If you have more questions, feel free to reach out via our live chat function :)