TD Waterhouse UK 4 month commission free offer

AC1

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Has anyone used TD Waterhouse UK and what do you think of their service?

I would use them to trade US stocks/ETFs - day trades or swing trades for a few days - only for the 4 month offer though.

How do they handle pound/dollar issues buying and selling US stocks within the same day?

I suspect it may not be a very good offer to use for day/swing trading if they convert each time a trade takes place. Their minimum settlement period is 3 days so it would not be possible to day trade 100% cash multiple times a day anyway.

Is this correct?
 
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