The Exchange FX rate is the rate that Freetrade pays on your order. The FX rate and fee varies depending on which subscription plan you’re on!
Basic plan: Exchange rate + 0.99%
Standard plan: Exchange rate + 0.59%
Plus plan: Exchange rate + 0.39%
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 either 99bps, 59bps, or 39bps of the total order cost depending on which subscription plan you’re on!