Forex / Crypto accounts allow you to freely exchange any amount of any supported currency into any other currency. This allows you to trade your fiat and crypto currencies and freely exchange one into another. Thanks to its versatility, forex accounts also can be used as Travel accounts.

The following screenshot shows a sample account. It was taken on a Mac but the same feature is available on other platforms!

MoneyWiz is not meant to be a trading platform – it doesn’t allow you to trade, it doesn’t give you advice what to trade. It’s a monitoring tool, meaning it just monitors your balances and helps you understand how they change and how they affect your overall Net Worth.

MoneyWiz support team is happy to help you with any questions you might have regarding this feature but we are not allowed to give advice on what or when to trade and will not provide guidance on that. Any investment decisions you make are entirely yours – so are both the gains and losses that your decisions result in. We take no responsibility for those.

Remember that you can have more than one Forex / Crypto accounts in your MoneyWiz database! This way you can track different online wallets you might have.

You may already be familiar with the Online banking feature. We support a few of the major forex trading services and we’re adding more all the time! If your institution is supported, you can connect to it to automatically retrieve current balance, current holdings and past transactions. The full list of supported institutions is only available in the application itself – download the free version of MoneyWiz and search the list for yours!

In case your institution is not supported or you prefer not to connect to it via our Online Banking feature, you can manage your investments manually. You’ll be able to transfer money in, out and log exchanges manually and still track the current worth of your capital. For manual trading tracking we support accounts in any currency.

Please note that we retrieve the exchange rates and the list of crypto coins and tokens from coinmarketcap. In order for MoneyWiz to retrieve current market values of your holdings, your crypto currencies must be listed on that website. If it’s not available on that website, MoneyWiz will not be able to download the current price (and changes in that price).

However, you can still add any currencies that you wish – even if they are not listed on coinmarketcap. Just type the name in the search field and select it from the list below the search field – most likely, that will be the only item. So while we don’t prevent you from adding any currency you want, we can only retrieve current prices for the ones listed on coinmarketcap.

To add an Forex / Crypto account for automatic tracking, start adding new account in MoneyWiz then choose Online Banking Account type. Search the list for your trading institution to see if it’s available.

After you authenticate MoneyWiz will start downloading your current holdings. Once it finishes, you’ll be able to see all that data in MoneyWiz and have it contribute to your total Net Worth in the application.

To add an account for manual tracking start adding new account, select manual entry and find "Forex / Crypto Account" type. Tap on it and start filling out the details:

If you switch to Extended section, you can edit other details of the account - just like described in this article.

After you confirm those details, you’ll be asked to add fiat and crypto positions to your forex account. For the purpose of this tutorial, we’ll populate a fictional portfolio. From the buttons at the bottom choose Add – a new screen will appear.

You’ll be asked for some basic information about this position:

In our fictional portfolio, we’ve added several more currencies. Before you confirm account creation you can preview the holdings you’ve added and their total value.

Once your forex account is created you can modify, change its position on the accounts list and delete just like any other account – see the other guides in the Accounts section for more information.

Now that our account is created we can see a beautiful chart of our portfolio!

The Forex / Crypto account has a different layout from most other accounts. It features 3 major areas:

Creating a new trade or transaction is as simple as adding a regular transaction. That's why you begin by simply clicking the + button at the bottom. You can choose from (in MoneyWiz for Desktop, right after clicking the + button and on MoneyWiz for Mobile, using the tabs on top of the window that appears):

In this guide, we'll focus on the unique Exchange transaction type but it's worth remembering you can add other transactions to this account too. Now you can log that pizza you've paid for in BTC!

You’ll be asked to select the currency you’re selling, exchange rate (will be downloaded automatically) and the currency you’re purchasing. Notice that with this special Exchange transaction type, you do not need to enable currencies beforehand – you can select them on the fly, enabling them just for this one operation.

Optionally, you can also enter a commission, modify date and time as well as provide a description. After adding, you’ll see the details of your most recent trade (you can tap on it to expand and view more information).