Quote:
Originally Posted by PeanutButter
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?
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I took out about 5k in cad and went to VBCE to exchange usd, was hoping it would be an easy transaction to deposit my USD into my TFSA at TD. It’s too much of a hassle. Next time I’ll just do it right at TD. I had to call TD to transfer it manually, which they said would take 5-7 business days. So I said eff that and I opened a questrade account instead. I have some position in XAW, but I’m looking to get some blue chip stocks like Apple and Msft to hold long term.