throwaway_32948

3 ms·

1. 1.▲
   by throwaway_32948 12y ago

   I asked if you are a Canadian living in Canada because the devil is in the details when dealing with cross border transactions as a Canadian. After some further research, it does seem like Interactive Brokers is a good option for the OP. Fo
2. 2.▲
   by throwaway_32948 12y ago

   I looked into Interactive Brokers in more detail and you are correct that their fees are extremely low. They do not seem to charge a hidden "spread" fee, which is they usual method that forex traders hide their fees. Based on some
3. 3.▲
   by throwaway_32948 12y ago

   For large transactions, I don't think it's true that rates are lower using a forex broker. In the limit of large transactions, Norbert's Gambit fees approach the bid-ask spread cost, which should be lower than any forex fee.
4. 4.▲
   by throwaway_32948 12y ago

   If you are converting large amounts and you are comfortable with purchasing and selling stocks online then a viable option is to use Norbert's gambit. This involves buying stock in companies traded on both Canadian and US exchanges, su