Can I invest in funds with a foreign currency?
Yes, this is certainly possible. You can place a fund order through one of your Cash Accounts in the fund’s currency. At MeDirect you can open a Cash Account in EUR, USD, NOK, CHF and GBP.
If you want to invest in a fund with another currency than EUR, USD, NOK, CHF or GBP, you can place the order via your Cash Accounts in another currency. Even if your Cash Account has a currency other than the fund you want to purchase, MeDirect uses an indicative exchange rate. For the calculation of the exchange rate, MeDirect uses a 0.5% margin. Compared to most fund suppliers, MeDirect’s exchange costs are both low and transparent, because there are no other hidden fees or costs.