Q&A Forum

0

US $ conversion Questrade

Visibility: Public
asked Mar 03, 2018 05:37 PM by
gravatar image

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

Edit Retag Flag offensive Close Delete

1 answer

sort by ยป oldest newest most voted
0
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

Edit Flag offensive Delete Link
Please log in to post an answer.

Stats

Asked: Mar 03, 2018 05:37 PM

Seen: 311 times

Last updated: Mar 05 '18

Web Analytics