We take transparency very seriously, especially when it comes to giving you the fairest exchange rate. It’s easy to see that our rates are much better than other exchange services in Brampton!
We think it’s unfair that certain services can charge such unfair rates, so we’ve made it our mission to offer you the most affordable solution!
Taking advantage of US stocks can be great for making a profit, but if you want to make the most of your money, doing research on which currency exchange service you’re going to use is particularly important.
For a long time, the most competitive and cost-effective option to exchange USD and CAD has been using Questrade, which charges 1.5-1.99% both ways. Although Questrade’s fees are much better than banks, which charge about 2.5%, there is now an even better option! Remitbee Currency Exchange charges zero fees.
If you’re only trading a small amount of money, Remitbee will only save you about $4, however, you’ll start to see your savings when you start investing in the thousands.
Here’s how much you could be losing with Questrade:
- $1000 worth of US stocks: Could be losing about 40 CAD profit.
- $50,000 worth of US stocks: Could be losing 2,000 CAD profit.
Unfortunately, banks have gotten away with giving bad rates, because the average person won’t question what they’re being offered. In reality, the exchange rate they give you is a lot lower than the real exchange rate!
To check for yourself, all you need to do is google “usd to cad” or “cad to usd”, and the real exchange rate will be displayed!
Not only do we offer very competitive rates and fast exchange times, but it also costs you $0 when you exchange a minimum of $10!
We’re proud to be a Canadian company, and want to make sure our service is safe and secure for everyone. We are regulated and audited by FINTRAC, which is an agency of the Canadian government. Your money is safe with us!
We’re always looking to improve our service, so we want to hear from you! Our customer service team is always willing to listen and answer questions to help you in the rare occurrence that something goes wrong with your exchange. We’ll let our positive reviews on Trustpilot and Google speak for themselves!