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
RemitBee updates its currency exchange rates daily to stay current with market changes.
You can exchange currencies online from the comfort of your home and have the money sent into your account.
You’ll enjoy high daily exchange limits of up to $1 million for business accounts and $250,000 for personal accounts. However, it will also depend on your approved level of verification.