Questrade fx rate

By: max7 Date: 17.07.2017

You can refer to the full fee schedule here. There are no administration fees on Tax-Free Savings Accounts and withdrawals from TFSA accounts are free. TDDI offers an extensive selection of Guaranteed Income Certificates GICs and bonds. TDDI also offers a wide selection of bonds Canada and Provincial bonds of all maturities, corporate and strip bonds.

TDDI offers a wide selection of in-house and third-party mutual funds. It is worth mentioning that TDDI offers TD e-Series fundsthe lowest-cost index mutual funds offered in Canada. TDDI offers three high interest savings accounts HISAs that can be purchased just like mutual funds.

These HISA accounts offer high interest and can be purchased and sold at any time without penalty. Clients also have the option of parking Canadian dollars in TD Canadian Money Market Fund TDB or US dollars in TD US Money Market Fund TDB with no fees or minimum holding periods. The fee for converting Canadian dollars into US dollars or vice-versa by TD Direct Investing is estimated to be around 1.

Clients can sign up automatic wash trading in registered accounts. After set up, wash trading allows investors to sell US investments in registered accounts and sweep the proceeds into the TD US Money Market Fund TDB Alas, US dollar dividends received in registered accounts will be subject to a currency conversion fee.

Norbert Gambit is a method that allows investors to bypass the steep foreign exchange conversions charged by banks and brokerages. Unfortunately, at TDDI gambitting is very confusing. In registered accounts, clients can buy TD Bank listed on the TSX, sell TD Bank on the NYSE and after the dust is settled, find that their Canadian dollars have been converted at close to spot rates minus trading commissions and swept into the TD US Money Market Fund.

U the slow, scenic and cheap route or instant gambit by phoning a representative the fast but expensive route. I held accounts at TD Waterhouse for more than 5 years and had lots of occasions when I had to call customer service to make contributions in kind, withdraw from TFSA accounts or journal shares from the CAD side to USD side or vice-versa.

I have no quibbles, let alone complaints. A unique offering at TDDI is access to 10 international stock markets including London, Sydney, Singapore and Hong Kong in which you can settle trades and hold cash balances in local currencies.

I have no personal experience with the TDDI Global Trading platform because I get plenty of exposure to foreign markets through low-cost Vanguard exchange-traded funds. Clients of TD Direct have access to TDSI Morning Action notes which features the latest analyst reports on Canadian stocks in TD Securities coverage universe. A monthly report called TDSI Action List — an aggregation of top analyst recommendations is also available. If you have a TD Canada Trust bank account, you can link your chequing account to TDDI accounts and move funds to and from with the click of a button.

If you do not have a chequing account with TD, you can make a deposit or withdrawal at any local TD Canada Trust branch. These days, other brokers like RBC Direct Investing and BMO InvestorLine offer US Dollar RRSPs that help clients avoid currency conversion when buying and selling US dollar denominated securities in registered accounts and on dividends paid in US dollars in registered accounts.

Therefore, if you are simply looking for a broker that executes your stock or ETF trades and helps you save on total fees or commissions, you may want to look into RBC Direct Investing or BMO InvestorLine. Reviews of the competition: QuestradeCIBC Investors EdgeInteractive BrokersBMO InvestorLineCredential DirectQtradeQuestradeRBC Direct and Scotia Direct.

Can you do online USD cash transfers in and out of your account? This is something that Scotia Mcleod recently added. CC, thanks again for the links. Does it take a bit longer to do a wash trade transaction than a regular transaction? Just this past weekend, I mailed in the application to open a non-registered Questrade account. I intend to continue to maintain both my registered and non-registered Investorline accounts at BMO.

For my cash account, I generally like to buy large blocks meaning to shares at a time of small and micro-cap stocks. I should mention that one advantage of not being able to do wash trades is that it will force you to trade less, thus lowering your costs. I am not sure I will be able to transfer USD cash within the SDRSP account. I usually buy USD equity outside and do a transfer in-kind. Our RSP accounts just got transferred to TDW. I have actually initiated a transfer of taxable accounts to Questrade.

Yes, it will discourage trading but I want to convert all my US equities into ETFs. Friday Linking - Stock Trading Edition - Million Dollar Journey. Nabloid -you heard only good things about TD Waterhouse? I can only compare them to a few brokers I have been with BMO, Scotia, Interactive Brokers, Ameritrade… but they are the worst of the small bunch I have tried. Unless, I am missing out on something, TD does not offer L2 Quotes either. It is not worth it. I recently moved our RRSP accounts into TD Waterhouse and I am very happy.

I am not a trader and I make a handful of transactions every year. TD Waterhouse is the worst. I bought some US share in my Canadian dollar account.

I was charged 2. Check out Interactive brokers much much much better. Limited Wash Trades at Credential Direct. Screw this idea of washing trades; go to Quest Trade and get a US dollar account to avoid conversion charges. TD Waterhouse is having lots of problems, every few weeks is having an issue — it is slow, or irresponsible; their real-time level 2 TD Waterhouse WebBroker Select also shows sometimes incorrect data, different than the data from Webbroker; their IT department is probably not very good in what they are doing; today Dec 31 you can not even login to TD Waterhouse if you want to trade — they say you have to call in order to place a trade; After using it for 4 years, I am NOT RECOMMEND it; Looking for an alternative, any suggestion is Welcome.

I was thinking of changing from TD to either Qtrade or IB. They said something like they had low volume and were volatile even though both had a beta of only around 1. TD is the worst broker now in my opinion for people that use a margin account.

For cash or RSP account TD is OK, but I would never invest on margin with them. Their legacy system is so poorly designed, even selling shares you own can turn a long position into a short one. Covering the rather unexpected short position lost me money, and is quite frankly outrageous.

TDW has no checks in place to see how many shares of anything you own in realtime, leaving the possiblity of selling more shares than you own, because a cancellation request is not honored in a timely manner. I have never seen this happen with other brokerages. TDW are probably negligent as hell for allowing this to go on. I would suggest TDW is not the safest brokerage firm to go with. I tried setting up an account with TD Waterhouse at the Edmonton Heritage branch.

Totally frustrated, I gave up after about 4 weeks of playing phone tag. Over the course of literally dozens of calls, not once was my call answered live, but I was required to leave a message. I may unconventional money makers an odd schedule with very small windows to conduct personal business, but as a potential customer, I was completely turned off by the lack of customer service.

For three days running up to this moment There is more to this, and anyone interested to know is welcome to contact the writer at any time. I am totally dispointed with the service of the TD waterhouse.

I called them at least 2 times to ask commission fees, agents told me only 9. That means for the first months, I must pay at least dollars commissions then they will check I am good or not. WTF, NO ONE TOLD ME BEFORE. So I questrade fx rate now to close or transfer to another broker such as questrade.

So, I prefer Scotia Itrade better. Opened a Questrade account and transferring my trading over. TD Waterhouse trading platform is called Web Broker. It is down very often, sometimes for hours. Imagine that, no quotes. Hard to decide to buy or sell. Please see my comment about TD WebBroker above. Ameritrade Canada Canadian Capitalist.

Hooks into QuoteTracker for minutely quotes just fine. Have you tried their new Portfolio Manager, wicked. Surviscor Discount Broker Rankings - Summer Canadian Capitalist.

I have read quite a lot on this blog re currency trading on TDWaterhouse… most of it very conflicting. Do they trade the Forex market???

I have all my accounts there. I have no problem transferring between my various accounts, but have not previously seen anything re. They are re-organising their markets and research section… and it is a mess! Even one of their tech support people had trouble navigating through it!!!

The worst customer service ever. Cannot even withdraw my own funds. No explanation for the last seven days sent about 10 messages and numerous phone calls. TDWaterhouse is nothing but huge pain: WebBroker is a cheap crap outsourced probably in India or Bangladesh — They are not capable to recalculate your margin in a real time. As result you see no sciences in your account balance, but the worst part is that as result of these wrong numbers WebBroker may not allow you to place orders best buy stockton black friday hours you have to call TDWaterhause support which takes about min — if you do day-per-day trading you know that this just make TRWaterhouse WebBroker useless If you try to complain be ready to face wall of ignorance and arrogance.

They said it was their only rate. I was told that they knew of no increase in the spread…and the manager reconfirmed the waterhouse rates. So what do you think? Do they just screw up when converting money at the counter? We need banking law changes! We should be able to plug-in a currency conversion provider to any financial service, much as we choose a long distance provider!

I trade US and CDN stocks in my CDN Margin accounts… for a flat 9. Same in my RRSP Acct. Itm xgen binary option indicator 3 llc on Canadian Dollar to US Dollar Conversions and vice versa Canadian Capitalist. I did not have a good experience on buying a Steadyhand Mutual Fund though.

In any event, the next day I received an email directing me to my account and that there had been a transaction. I suggested that all calls are recorded and that they should review the tape for actual disclosure, since I was unaware of industry practice and needed to be told that I would be charged.

They reviewed the tape, came questrade fx rate the next day and reversed, at my request, the trade acknowledging that I was never informed. I inherited the TD Organisation for having been a client of Canada Trust.

Its been down hill ever since.

questrade fx rate

To understand TD and for that matter every bank and insurer in this country, one needs remember that: Its the same old order respecting everything monetary, and am going back thousands of years ago. How to avoid currency conversions on US Dividends Canadian Capitalist.

How to avoid currency conversions on US Dividends MoneySense. I think the steps are as follows. Please correct me if I got it wrong.

How To Exchange USD To CAD Cheaply Using Questrade

Thanks for your help:. Yes, those are the steps. However, these should be minimal if you are transactions occur in the same day. I believe TD Waterhouse is a quite good platform and their support is quite well. I like to save on the conversions by having a US account with them. Though I still kinda find it their trading fee is high, but it seems that I can not find any bank in Canada which charge a much lower fee for trading stocks so till then I will probably stick with them.

I enjoy your articles and have a request: I get the impression some of the fees have changed since you wrote this article. I found it very clumsy and awkward… and I could not complete trades in a timely fashon….

What problem do they have? Or is just because I am small fish? The day they finally crossed the line was when I started transferring my accounts away… I did several trades during the period of transfer, and found out they transferred wrong stocks. But here goes, the wash program is manually done by a team of traders I think they are in the Ottawa call centre.

ULTIMATE Questrade Review (+ $50 Promo Offer Code)

So the CSR that said its done be program is wrong and you are right that it is possible to find some pennies off here and there. Chances are you failed say all your account numbers. When transferring an account all trading must stop.

The broker will need to wait on the transfer until all trades have settled. Your account should be frozen so that the transfer can proceed.

Inter-broker transfers can take as little as 10 days but the brokers are allowed to take up to 42 days to process. During that time no trading can take place. There is no incentive for any broker to process transfers quickly as clients need to feel a financial risk when transferring the account.

If the there is no risk to the client that would just encourage more people to transfer accounts and nobody wants that.

That last rep was right, you are the cause of most of your problems. For TD everything is complicated as can be and as another commenter wrote, has terrible customer service.

RBC runs like a well oiled machine in comparison, they fill out all making money with internet poker forms for you and combine all their services which can be administered right from your own branch.

TD by comparison is all broken up into different divisions and they are all equally difficult to deal with. My experience with TD Bank group of companies has been very different. I do think that TD Waterhouse is no longer tops mainly due to a lack of US dollar registered accounts but their customer service has been flawless. Recently my wife had to work with them to set up a RRIF and transfer a RSP GIC into this RRIF. After a lengthy, 15 — 20 minutesphone hold they set it up so she could make on-line trades.

That was 4 how to withdraw money from credit card without pin number days ago. This is just one of several irritants over the past 2 months.

Moving all accounts to Qtrade. About stock exchange market in egypt same rates and fees, but their reps pick up the phone on the 3d ring, and respond to E-mail the same day. So you set up and account and forex gold graph this new account needs to be automatically linked up to all your current accounts, what world are you living in.

Can you imagine the cost such program. The right thing to do is call your broker and say hey I just opened this new account can you link it to my current profile and set-up up for commission level, the broker to start the process right away and it should be done within 3 business days.

The short coming of the trading platform is that commission set-up is done a months end, so for the balance of the month you would likely have to call in hopefully at days end when you are not doing anymore trades for the day and have the commissions adjusted. TDW used to have a 3 minute call answer response target, this all changed when the company became TD Direct Investing. Gone or soon to be gone are all the very knowledgeable traders, no more options, mutual funds, bond or presidents desks.

questrade fx rate

The phone numbers still work, but all the specialist teams have been disbanded. TDDI wants to dumb down there desks, why you may ask because they want to move you to investment advice.

TDW did surveys of clients that moved to advice and later returned to discount, those investors said the discount brokers knew more than the advisers so the answer is to dumb down discount. This catalogue of comments is very welcome. As a formal TDW employee I can explain a few thing about FX rates.

Basically TDDI is in the business of making money any way it can, so it started with the auto wash program because it cut down of phone time people were taking instructing brokers to do washes. BTW John See is no longer in charge of things and he has not been in charge for more than 2. He is there for the radio shows and public speaking events. Basically they wanted to fire him but that would cost too much so they stripped him all power hoping he decide to quit on his own.

This way of dealing with long term employees is common with the Bank. The following it the best way to do an FX trade in a non-tax deferred account, however margin account is required. I would advise to to pick a stock to where you need to trade as few shares as possible, also check the liquidity.

If you need 15k USD its better to trade CP than TD or BB. Try to keep this as an FX transaction do not try to make a little extra on the trade. First of all opening a simple cash account was a month-long journey: How surprised was I when I realised that TD Trust employees have no clue on how to open a TD Waterhouse account.

We managed to get through the process and I drove back km to my home. A week later I had no news so I called customer service again. Nowhere on their website is there mentions of minimum requirement I knew there would be minimums but annual revenue? As a client in my opinion everything about TD Waterhouse is a disaster. Everything from their 43 option exercise charge, to their idiot interface is a handicap arranged to screw the client.

Do yourself a favour and avoid them at all cost. When one has experience with the American counterpart, TD Ameritrade, it leaves little doubt that Canadians are, in general, screwed by their institutions. TD Waterhouse gives Canadians what they deserve, second class ogliopoly ran services for second class Canadians. Your email address will not be published. This post has been updated as of Jan. Home Bookshelf In the News Archives Contact Us Consulting Forum. TD Waterhouse Review July 23, at 7: GICs and Fixed Income TDDI offers an extensive selection of Guaranteed Income Certificates GICs and bonds.

Mutual Funds TDDI offers a wide selection of in-house and third-party mutual funds. Parking Cash TDDI offers three high interest savings accounts HISAs that can be purchased just like mutual funds. Forex Exchange Rates The fee for converting Canadian dollars into US dollars or vice-versa by TD Direct Investing is estimated to be around 1.

Norbert Gambits Norbert Gambit is a method that allows investors to bypass the steep foreign exchange conversions charged by banks and brokerages.

Client Service I held accounts at TD Waterhouse for more than 5 years and had lots of occasions when I had to call customer service to make contributions in kind, withdraw from TFSA accounts or journal shares from the CAD side to USD side or vice-versa. Global Trading A unique offering at TDDI is access to 10 international stock markets including London, Sydney, Singapore and Hong Kong in which you can settle trades and hold cash balances in local currencies.

Market Research Clients of TD Direct have access to TDSI Morning Action notes which features the latest analyst reports on Canadian stocks in TD Securities coverage universe. Funding Account If you have a TD Canada Trust bank account, you can link your chequing account to TDDI accounts and move funds to and from with the click of a button.

This article has 67 comments Ahmed July 23, at 9: James February 28, at 1: Phil S July 23, at Dave July 23, at Canadian Capitalist July 23, at CanadianTrader August 22, at Dave August 22, at 4: Canadian Capitalist August 22, at Karter November 9, at 9: Barry Roberts February 21, at 4: Canadian Capitalist September 24, at 1: Canadian Capitalist September 26, at Green December 31, at 1: Doug February 18, at 7: Harry February 12, at 2: Timothy March 27, at 9: READ THEIR POLICY CAREFULLY AND DO NOT TRUST AGENT ORAL WORD!!!

Mortgage Calculators April 18, at John April 22, at 2: TD Waterhouse DOWN AGAIN!!!! So Far Most of the afternoon. Alain April 22, at 3: Ray 2 August 18, at 7: Aiden December 27, at 6: Forex via TD Waterhouse: Andy February 18, at Mathamoros February 28, at 2: Bruce March 16, at 4: Canadian Capitalist March 16, at Aiden March 16, at 2: David May 14, at 8: I like the way TDW integrates with my banking accounts — smooth transfers for sure.

The chap at the call centre was very good and friendly. He lives in Ottawa — go figure! Harry Jaglalsingh May 14, at 9: Jim October 28, at 1: Thanks for your help: Canadian Capitalist October 28, at 2: Stock Brokers Comparison Team November 13, at 7: CJOttawa March 5, at 1: I found it very clumsy and awkward… and I could not complete trades in a timely fashon… It was a complete P. Joss May 15, at 3: What a big mistake it was to use TDW for some many years.

Harry J Singh July 17, at 9: Mike September 4, at Canadian Capitalist September 4, at 6: ED December 31, at James February 28, at 2: January 1, at Using Web Broken oops inside joke 1 Buy inter-listed listed stock on Cad side from TSX.

Nick April 12, at 8: How can TD Ameritrade seems so much better than TD Waterhouse? A canadian bank offers better service in the USA than in Canada!? Leave a comment Cancel Your email address will not be published. Recommended Posts High Interest Savings Accounts at Discount Brokers January 27, — comments. A Foolproof Method to Convert Canadian Dollars into US Dollars May 25, — comments.

July 29, — comments. The high cost of peace of mind November 3, — comments. Beware of tax shelter donation arrangements August 19, — comments.

inserted by FC2 system