US shares and FX

Monthly US shares FX fees in an ISA

A focused FX-fee scenario for UK ISA investors converting pounds into dollars every month for US shares or ETFs.

Scenario page No advice, fees only Last checked

Assumptions

What this page models

  • £10,000 current balance
  • Investment type set to shares / ETFs
  • £1,000 monthly contribution, so 12 share or ETF trades are modelled
  • Buy only US stocks enabled, so the monthly contribution is treated as monthly FX conversion

For regular US share buying, FX is often the fee that quietly dominates the comparison. A platform with zero dealing fees can still be expensive if its currency-conversion spread is high.

The calculator models the stated monthly FX volume as recurring annual conversion. It does not include US withholding tax, exchange-rate movement, bid-offer spreads, or product-level charges.

Educational fee comparison only. This is not financial advice, tax advice, or a recommendation to use any provider. Fees, eligibility, investment access, and promotions change; verify the current provider fee schedule before opening or transferring an ISA.

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Calculator-backed ranking

Estimated annual costs

Trading 212 Stocks and Shares ISA is currently the lowest-cost exact match in this model at £18.00 per year, before fund ongoing charges, market spreads, stamp duty, and any provider-specific extras.

1. Trading 212

Stocks and Shares ISA

Flexible ISA · Shares and ETFs, no funds

Estimated annual cost£18.00
Platform£0.00Trading£0.00FX£18.00

2. XTB

Flexible Stocks and Shares ISA

Flexible ISA · Shares and ETFs, no funds

Estimated annual cost£60.00
Platform£0.00Trading£0.00FX£60.00

3. IG

Stocks and Shares ISA

Flexible ISA · Shares and ETFs, no funds

Estimated annual cost£84.00
Platform£0.00Trading£0.00FX£84.00

4. Dodl

Investment ISA

Not flexible · Funds, shares and ETFs

Estimated annual cost£105.00
Platform£15.00Trading£0.00FX£90.00
  • Dodl publishes the starting FX band at 0.75%; this model uses that headline rate rather than guessing the unpublished higher-band steps.

5. Freetrade

Basic

Flexible ISA · Shares and ETFs, no funds

Estimated annual cost£118.80
Platform£0.00Trading£0.00FX£118.80