If you’re interested in investing and buying US stocks in Canada, you need to check out other options when it comes to exchanging currency.
With Remitbee currency exchange, you can get the most out of your trading. Questrate, which is a popular option for those converting CAD to USD, charges 1.5-1.99%. However, Remitbee Currency Exchange charges you zero fees.
Once you start to invest in the thousands, you could be losing a ton of money just on fees alone! For example: Consider the following compared to Questrade fees:
- $1000 worth of US stocks: You could be losing about $40 CAD.
- $50,000 worth of US stocks: You could be losing about $2,000 CAD
The online broker allows you to seamlessly deposit money to your USD account and exchange it for CAD.
Also, you can exchange money in the comfort of your home since all transactions are done online.
The company offers the best exchange rates compared to local banks and other currency exchange service providers.
Opening an account is free and faster as it involves three simple steps.
The brokers have invested in high-level security to provide security of your money and information.
Also, with Remitbee, you can exchange money at zero fees.
Remitbee offers a reasonable and transparent rate, and you always know how much you will get upfront.
Remitbee is regulated by FINTRAC, and offers a 100% money-back guarantee. Therefore there is no likelihood of losing your money.
Also Remibee has 100% insured all money exchanged or transferred.
With Remitbee you need to pass different tiers of verification to be able to send higher amounts of money. To increase your sending limits you will need to provide your personal information and upload certain documents.
You need to have a local bank account since their currency exchange is only available to those with Canadian bank accounts
It takes two working days to convert currency
As an individual, you can transact up to 250K per day while businesses can transact up to 1 million