bought BAC a month ago, it's only 1 of 2 individual stocks in my portfolio.

Anyone know of a good online broker for East Asian stock exchanges?
Also, a website for their each regions regulation.

The best exchange available to us Canadian is interactive brokers.

BUTTTTTT they need a minimal of 10g usd or equivalent and require you to be experienced and balling to gain margin and options privilege.

They do offer the lowest commission rate. Excellent advance platform, better execution than other Canadian brokers. They also have TFSA and rrsp accounts. They let you do more things in these account than other brokers


And you can trade in almost any market.

IB is the best hand down. Great if you have a small account and are interested in doing a few trades a week. If your account is over 100,000 and do like hundreds of trade a month then they have some really nice discount, too.

Although I'm not sure why you would want to trade on Asian exchanges. Those fuckers are batshit crazy. Indices can drop 7% a day like nothing (Nikkei and Hang Sheng). That would be equivalent to US dropping 1-2%.

Avoid Questrade. Total POS.

Planning to start trading and learning while I'm in school for Finance. What's the lowest commission site? Plan to use TFSA but <10k in funds.

Not trading on margins or shorting. Investing.

Use the banks' platforms for investing/ buying a few time a year. Ask them for Asia market. They should have it.

Gerbs - for learning low commission and market data is key. Questrade allows low required minimum but they will rape you on commission and market data. There is really not many options that is better than IB. And Canada doesn't have Robinhood which is a shame.

Currently using TFSA HSBC Investdirect

Every transaction I made is required to convert back to CDN $. It is a huge loss to me if I am an active trader in EUR / HK / US market.

I've done some research in regards to local currency settle, IB, TD, HSBC all don't offer settlement to local currency.

Anyone has an alternative to this?

I think it's because you have a TFSA account, which requires money to be only deposited/withdrew as Canadian dollars
If it was a Cash account then you're not required to deposit/withdraw into Canadian.

Not 100% sure though.
But also curious what others have to say

You can hold both USD and CAD in TFSA at the same time. I am right now lol.

Ask the bank to not convert your shit. There must be a setting that allow the fund to settle in the transaction currency, i.e. if you sell CAD stock, it will settle in CAD. Same thing with US.

There are things you cannot hold in a registered account like private companies' shares or OTC shares. Any securities (commons or options) traded on NYSE, NASDAQ, TSX is a ok.

I use BMO InvestorLine for my TFSA and I can settle/hold in either USD or CAD currency, no issue. I don't know about any currencies beyond USD though.

Mark

I know this doesn't belong here. But if you are not a multinational billionaire that travels the world like every day. HSBC is not for you. They are the most user unfriendly bank ever, they also expect you to just take the fee they shove up your ass with a smile.

Iif you are a multinational billionaire, you use HSBC for other reason and their fees and their snobbery does not matter.

Get your TFSA out of HSBC lol

Made a bit of dough thanks to AMD today.

Is anyone here invested into Alibaba? I'm thinking Amazon potential here, and they had a good earnings report. Only worry is potential Trump shenanigans.

So questrade seems to be the cheapest transaction at a penny per stock with a minimum of 4.95 to 9.95

Using CIBC, 6.95 CAD for Canadian and 6.95 USD for American.

I'm heavily invested in O&G and despite the OPEC deal to curtail production, my portfolio has decreased quite significantly in value since the beginning of this year as we're still speculating if whether or not Canadian exports will be exempt from the border tax. Who else is in this sector and what are your thoughts?

Oil and Gas, in my opinion, is on it's way out as a energy storage source. The alternatives are being implemented on a country scale by progressive nations. Once battery technology doubles it's energy density, then it's game over for O&G, in terms of using it as fuel. There are plenty of other applications, such as plastics and synthetic chemicals, but the demand will significantly be reduced.

The leading energy companies recognize this and will have other branches in their company and assets to implement production of batteries, their materials, and assembly lines.

I still believe that the gas production in the US due to fracking will be reduced\, and the introduction of DAPL and KXL will be able to support their import needs. Increasing the market price of oil in the short term. But that's my speculation. The OPEC deal to reduce production is news to me, but I would imagine that it would drive the cost up as well. Additionally, Suncor is in hiring mode now, signaling that they will be increasing production due to KXL approval.

Yea, dying asset class. And it is way too tough to trade, just like gold. Need a ton of experience. Trading these based on news is a guaranteed way to lose.

Second the sentiment on O&G. OPEC totally fucked up the market.

When they were at record high, OPEC should have come out to suppress the price and never let it get to the point it was.

Because it was so high, it made all the investment into O&G possible. Now we have all sort of ways to extract O&G from the ground and not limited by geographical limitations. And to make the problem worse, it made a huge incentive to develop technology to shift AWAY from O&G, and after so many years, the techs are here and they are in so many levels that there's no way for OPEC to buy everything out.

Thus, you have stronger and stronger supply, while less and less demand. We might see a short-term spike here and there... but as a long term position, it's done.

As an O&G insider I will say that it does seem as though we should expect prolonged depressed prices unless some major political instabilities come into effect which limit production.

Said another way, unless the middle east breaks into an all-out war... the price won't be shooting up anytime soon.

There should still be some attractive LNG plays though.

Even though oil is down, the margins on oil are still far better than those found with solar or wind farm power generation... as such, companies will continue with exploration efforts for quite some time.

I got into cannabis after the initial spike back in November as it was retracting and consolidating. While it was a small position in Canopy I've been doing quite well despite the drop after earnings. Recently I got into OGI as well. I recall some you getting in on this early. What are your thoughts now on this industry?

Any advice's to those who want to start up?
What did you have to do, to gain that knowledge to feel confident?

TBH, i think they are going sideways for a while. Too much speculation going on.

I got in really really early on CGC aka WEED but i wouldn't get in on any now until next wave of legalization news

Got in a while ago and still holding. I think the hopeful money is built into the prices already. It'll be small ups and downs till official announcements are made. Then the roller coaster ride really begins. I can't wrap my head around WEED. It's like the Tesla of the marijuana industry.