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Investing Buying US stocks on Questrade?

Jul 3rd, 1: Reply to Thread Reply. Page 1 of 3 Jump to page: Buying US stocks on Questrade?

investing - Questrade - What happens if I buy U.S. stock with Canadian money? - Personal Finance & Money Stack Exchange

Is it hard or are there hidden fees? Just wondering because there's a couple of stocks I have been following on the NYSE, and I have a Questrade account. Hoping that the fees for converting to USD weren't too crazy or anything? I should also mention that I will be trading from within a TFSA. Make sure you have USD when buying US stocks Questrade will not convert funds for you, and you will be borrowing USD at a high interest rate until you cover your position.

FX spread is 2. I have a newbie question i hope someone can help me out with. I bought AAPL shares on Friday. I hadn't converted it first, but what I understand is they do it for you?

My question is, If I sell those AAPL shares, do I get charged another currency exchange? All the stocks I buy are on US exchanges. Just make sure you have US funds in the account sufficient to cover your purchase. James, I also have a TFSA with Questrade.

Questrade lets you hold both US and Canada within the same registered account, I feel this is one big advantage of Questrade that people rarely speaks about.

Margin | Pricing | Questrade

The default setting is CAD. To change the default, login to myQuestrade, go to the my accounts tab, select account management and then currency settlement. You can do the FX at questrade and get a poor rate, Norbert's gambit will cost two commissions, but will essentially trade at spot rate , or do an external FX and transfer USD into your account.

Not sure how contribution room is calculated on contributions of USD, the government probably just uses the fx rate on the day of the contribution the contribution is made, but don't quote me on that. Thanks guys, I just read somewhere a while back that for registered accounts TFSA's and RRSP's , they did the conversion automatically for you and there was no hassle so you didn't have to buy and convert US funds prior.

I guess they changed that or I read it wrong. Probably both, ha ha. Sorry for the bump. I spoke with customer service today and they confirmed they automatically exchange currencies in registered accounts TFSA is a registered account.

But does anyone know the rate on these exchanges and if there a difference between auto converting currencies and if you go to to the Exchange Funds link? All posts Last day Last 7 days Last 2 weeks Last month Last 3 months 6 Months Last year Sort by Author Post time Ascending Descending Go Reply to Thread.

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