Quote:
Originally Posted by RevYouUp
I’ve just started investing and it’s been a pain in the ass depositing USD cash in my tfsa at TD. Decided to open an Questrade account instead. Still waiting for my funds to transfer over..
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How much are you playing with? You can just convert your CAD to USD at TD's rates which aren't horrible.
I have both accounts and find TD's UI is so much better than Questrade. TD's performance analytics is also better and easier to use.
ie. For TD right now with WebBroker as at Feb 6, 2020 @8pm
Spot Rate:
$1,000 CAD = $752.62 USD
1 USD = 1.33 CAD
TD WebBroker
$1,000 CAD = $741.51 USD
1 USD = 1.3486 CAD
VBCE
$1,000 CAD = $746.27 USD
1 USD = 1.34 CAD
You're only losing $6.35 for every $1,000 CAD by buying from TD versus VBCE. Unless you're playing with big time cash, it really isn't significant.
btw. what are you investing in? ETF's or are you picking pony's?