Cryptocurrency Q&A
Does fidelity pay a commission on foreign exchange transactions?
Does fidelity pay a commission on foreign exchange transactions?
BlockchainBaron
Wed Jul 17 2024
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5 answers
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Could you please clarify if Fidelity, as a financial institution, imposes a commission fee on foreign exchange transactions conducted by its clients? Many financial service providers levy charges for currency conversions, but I'm particularly interested in understanding if Fidelity has a similar policy. It would be valuable to know if these costs are transparently disclosed upfront or if there are any hidden fees associated with these transactions. Additionally, does Fidelity offer competitive rates compared to other financial institutions, or are there any specific benefits for clients who choose to conduct foreign exchange transactions through Fidelity?
5 answers
Giuseppe
Fri Jul 19 2024
BTCC, a UK-based cryptocurrency exchange, offers a diverse range of services that cater to the needs of digital currency investors. These include spot trading, futures contracts, and secure wallet solutions.
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benjamin_brown_entrepreneur
Fri Jul 19 2024
The domestic stock commission schedule holds precedence in all scenarios.
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SejongWisdomKeeperEliteMind
Fri Jul 19 2024
Currency exchanges are facilitated by Fidelity FOREX, LLC, an affiliated entity of Fidelity Brokerage Services LLC and National Financial Services (collectively referred to as "Fidelity").
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GinsengGlory
Fri Jul 19 2024
As a representative of Fidelity, Fidelity FOREX, LLC carries out foreign exchange transactions on behalf of its clients.
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SkyWalkerEcho
Fri Jul 19 2024
The process involves Fidelity receiving the transaction details from its clients and then forwarding them to Fidelity FOREX, LLC for execution.
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