What FX rates are being charged?

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Currency conversion fee charged for non-USD deposits to USD portfolios is 30 pips (0.3%) on the spot rate.

That means, if you are funding your account in AED, we will have to exchange your money to USD. The exchange rate applied will be the spot rate + 30 pips (0.3%); a rate that is cheaper than what most UAE banks offer!

For example:

You transfer: 10,000 AED (to Sarwa’s ENBD AED account)
Spot rate: ~3.673 (i.e. 1 USD = 3.673 AED)
Exchange rate: 3.673*(1+0.3%)= 3.684
Amount transferred:  10,000/3.684 = 2714.44 USD