Admirals will raise its currency-conversion fee from 0.3% to 0.5% on 7 November 2026 for stocks, ETFs and their corresponding CFDs denominated in a different currency from the account’s base currency. The 22 October notice applies the new rate to relevant conversions occurring on or after that date, including those linked to positions opened earlier.[1]
What changes and what determines the charge
| Item | Published condition |
|---|---|
| Rate before 7 November | 0.3% |
| Rate from 7 November | 0.5% |
| Fee base | Relevant cash amount converted, including realised P/L, dividends and applicable service charges |
| Exchange rate | Fee applies in addition to the applicable FX spot rate |
| Excluded base | Not charged on transaction notional or margin collateral |
| No currency mismatch | This conversion fee does not apply |
The difference is 0.2 percentage points, or 20 basis points. Relative to the old 0.3% rate, the percentage fee rises by two-thirds. The cash impact depends on the amount actually converted, rather than the nominal exposure of an investment or CFD position.[1]
Illustrative fee component on the same conversion base
| Base-currency equivalent of amount converted | At 0.3% | At 0.5% | Increase |
|---|---|---|---|
| €100 | €0.30 | €0.50 | €0.20 |
| €1,000 | €3.00 | €5.00 | €2.00 |
| €10,000 | €30.00 | €50.00 | €20.00 |
A €100,000 position with only €100 of eligible realised cash being converted does not incur this fee on the whole €100,000 exposure. Conversely, opening a position before 7 November does not preserve the old rate if the relevant conversion occurs after implementation.[1]
Admirals says its supporting help and fee pages still show 0.3% ahead of the effective date and will be updated when the change starts. The inspected notice is on the website identifying Admirals Europe Ltd; it should be applied with the customer’s own entity and account terms, rather than treated as proof of identical charges across every group company.[1]
Sources & further reading
- Currency Conversion Fee Update - Effective 7 November 2026 Admirals · 22 Oct 2026 · Accessed 26 Oct 2026