Clients can avoid the application of AutoFX functionality by ensuring they have sufficient settled funds in the trade currency before placing an order. If there are not enough funds in the required currency, an AutoFX transaction will automatically occur to cover the trade.
Example: If you want to purchase a US stock but only hold GBP in your account, you can avoid AutoFX by manually converting your GBP to USD (at least a day prior since forex settles on T+2) before placing the order. However, if you attempt to place the order without converting, the AutoFX feature will automatically convert the required amount of GBP to USD to settle the trade.‘’
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