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Why is a default currency important for my trading account?

Pascale avatar
Written by Pascale
Updated over 6 months ago

When you open a trading account with Taurex, you select an account currency, which determines the currency in which your funds will be held. Choosing the right account currency is important, as deposits and withdrawals made in a different currency may be subject to conversion fees. Be sure to select a currency that best suits your trading needs to minimize additional costs.

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