The Base FX rate is the rate that Freetrade pays on your order. The FX rate is the Base FX rate + 45bps.

Bps is an abbreviation for Basis Points. This is a unit of measurement and each one is equal to 0.01% (1/100th of a percent). Freetrade calculates the FX fee on your order as 45bps of the total order cost.

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