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US $ conversion Questrade

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asked Mar 03, 2018 05:37 PM by
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Hello, I have opened a TFSA account using Questrade and planning to follow Model Portfolio distributions. What will be the best way to get maximum CAD $ to USD $ rate when buying Berkshire (listed in Model Portfolio)? I have heard that Questrade conversion rate is low? What are my options? Thank you

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answered Mar 05, 2018 09:18 AM by
Jin Won Choi gravatar image Administrator

Hi smuzaffar,

You'll probably want to use Norbert's Gambit to exchange your CAD to USD before buying U.S. listed stocks and ETFs. Questrade charges a high currency conversion rate, and using NG would probably save you some money.

Jin

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Asked: Mar 03, 2018 05:37 PM

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