Can I hold multi-currency balances with my forex broker?

Answer
Many forex brokers allow multi-currency account bases, so you can hold and trade in USD, EUR, GBP, AUD, and others without constant conversions. This is useful if you fund in multiple currencies or trade pairs from different bases, as it avoids extra conversion spreads on deposits, withdrawals, or internal transfers. Your equity displays in the account currency, but open positions calculate profit/loss in their respective pairs. Some brokers charge a small fee for base currency changes. If unavailable, the broker converts everything to a single base currency like USD. Multi-currency support simplifies global trading but check fees and how margin calls or reports handle conversions to avoid surprises.

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