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 firm's currency exchange is only available to clients with Canadian accounts
It takes up to two working days to exchange currency
You can exchange up to 250K as individuals and up to 1 million for corporates accounts
The firm uses impenetrable data encryption to safeguard your money and personal information
The firm abides by all applicable domestic and foreign security laws and is regulated by FINTRAC.
Currency exchange services are online, and you can use covert money anywhere in Saanich