Changing the Base Currency of Trading Accounts in Trendo
In Trendo Broker, when opening a trading account, users can choose their preferred base currency from 11 international currencies. The base currency is the unit of currency in which the account balance, deposits, withdrawals, and the profits and losses of trades are displayed.
Changing the Base Currency of an Account
Once a trading account is created, it is not possible to change its base currency. This decision is made to maintain the stability of account information, ensure transparency in reporting, and prevent disruptions in trade calculations.
Note: If you wish to trade with a different base currency, you must open a new account with the desired currency.
Steps to Open a New Account on Trendo Platform
- Log in to your trading platform, and from the menu section, click on the marked icon as shown below.
- Click on the "New Wallet" option.
- In the new screen, after selecting the account type and the base currency, click "Create Wallet." This will open a new trading account with your desired base currency.
Transferring Funds Between Accounts with Different Base Currencies
When transferring funds between accounts with different base currencies, the currency conversion is done automatically using the latest exchange rate. No manual steps are required for currency conversion.
Important Notes on Choosing a Base Currency
Impact on Deposits and Withdrawals: All deposit and withdrawal operations are calculated and processed using the base currency rate against the US Dollar (USD).
Impact on Trades: The selected base currency affects how profits and losses, commissions, and trading costs are displayed.
Managing Multiple Accounts: You can create multiple trading accounts with different base currencies to pursue diverse strategies.
If you need further assistance, you can contact the Trendo support team.
Related Articles
Base Currency in Trendo Trading Accounts
In Trendo Broker, when opening a trading account, users can choose their preferred base currency from 11 international currencies. The base currency is the unit of currency in which the account balance, deposits, withdrawals, and profits and losses ...
Changing Leverage in Trendo Trading Accounts
In Trendo Broker, traders can easily adjust the leverage (trading margin) of their accounts through the mobile or desktop versions to implement their trading strategies with optimal risk management. How to Change Leverage in the Trendo Mobile Version ...
Types and Conditions of Trading Accounts at Trendo Broker
Trendo Broker offers a diverse range of trading accounts, allowing traders and investors to choose the best option based on their trading style and goals. Below, we introduce the different types of Trendo trading accounts and their features: 1. Real ...
Islamic Account at Trendo Broker
Trendo Broker offers Islamic accounts (Swap-free) to provide Muslim traders with trading conditions compliant with Islamic financial principles. In these types of accounts, the overnight interest (swap) on certain trading instruments is eliminated, ...
Leverage in Trendo's Trading Accounts
Leverage (also known as trading margin) is a tool that allows traders to control a larger volume of trades with a smaller capital. Using leverage can increase both potential profits and losses, making it essential to understand how it works in order ...
Popular Articles
Trendo Trading Platform Update Announcement – Version 4.4.22
Dear Trendo users, we hereby inform you that the new version of the Trendo trading platform (Version 4.4.22) has been released and is now available to you. In this update, in addition to fixing some issues from previous versions, the main focus has ...
Trendo Trading Platform Update Announcement– Version 4.2.68
Dear Trendo users, We’re excited to announce that the latest version of the Trendo Trading Platform (v4.2.68) is now available. This update brings new features designed to enhance your trading experience, along with fixes for previous bugs. New ...
Trendo Trading Platform Update Announcement – Version 4.4.35
Trendo Trading Platform Update Announcement – Version 4.4.35 Dear Trendo users, We are pleased to inform you that the new version of the Trendo trading platform (version 4.4.35) has been released and is now available to you. In this update, in ...
Trendo Trading Platform Update – Version 4.3.00
Dear Trendo Users, We’re excited to announce that the latest version of the Trendo Trading Platform (v4.3.00) has been released and is now available. In this update, a new and powerful Chart Replay feature has been added to the platform, designed to ...
Trendo Trading Platform Update Announcement – Version 4.4.02
Dear Trendo Users, We are pleased to inform you that the new version of the Trendo trading platform (Version 4.4.02) has been released and is now available to you. In this update, in addition to fixing some bugs from previous versions, the main focus ...
Recent Articles
Trendo Trading Platform Update Announcement – Version 4.4.35
Trendo Trading Platform Update Announcement – Version 4.4.35 Dear Trendo users, We are pleased to inform you that the new version of the Trendo trading platform (version 4.4.35) has been released and is now available to you. In this update, in ...
Trendo Trading Platform Update Announcement – Version 4.4.22
Dear Trendo users, we hereby inform you that the new version of the Trendo trading platform (Version 4.4.22) has been released and is now available to you. In this update, in addition to fixing some issues from previous versions, the main focus has ...
Deposit via Visa and Mastercard
On the Trendo trading platform, users can instantly and easily fund their trading accounts using international bank cards such as Visa Card and Mastercard. Steps to Deposit via Visa Card or Mastercard on the Trendo Platform Log in to your account on ...
Trendo Trading Platform Update Announcement – Version 4.4.02
Dear Trendo Users, We are pleased to inform you that the new version of the Trendo trading platform (Version 4.4.02) has been released and is now available to you. In this update, in addition to fixing some bugs from previous versions, the main focus ...
Trendo Platform Update: Version 4.3.85 Released
Dear Trendo users, We are pleased to announce that the new version of the Trendo trading platform (v4.3.85) is now available. This update not only resolves several issues from previous versions but also focuses on enhancing technical analysis tools ...