I am trading the bund (FGBL), but the broker that I am does business only in USD, so all my profits and loss trading the bund which is in euro is converted to USD automatically, thus I am charged a transaction fee in the conversion of currency. I am just inquiring here if you do trade the bund with your broker, are you able to have both a USD account for and a seperate account for euros? If so, can you name the broker you are with.
A normal broker offers an account that at least can hold multiple currencies. If not it cannot be more than a bucket shop. Why are you with this broker?
I used it for a long time and thought I would never be trading bund because of the time zone difference. Thank you for your input. Makes sense!
We offer accounts in multiple currencies like many other of my colleagues on the forum. Happy to discuss overall needs via PM and recommend best set up if interested.