When you buy or sell stock in US companies through the Plum app, the underlying investment is priced in US Dollars (US$), and so we either need to convert your money from, or back into, Pounds Sterling (GBP) to complete the transaction.
All currency conversions are handled by our FX partner, Airwallex, who charge a fee (or ‘FX markup’) equivalent to 0.5% of the total order value.