Trade with CAD account is the most common way to buy US stocks. Broker charge on conversion is included in real-time exchange rate. 0 l9 m# i5 q/ }Your second way is weird. Especially the charge $5/day, never heard of it. " V5 p7 V7 K4 |$ t0 Z. ^' P
Unless u already have USD, either way has little difference (u need to exchange CAD to USD in either way) . b8 ~$ P f& Z8 XWhich broker are u using?
i'm using questrade too.# z7 u5 q) r/ p2 z+ L$ `% C3 k% S7 y
I am sure there is no such $5 per transaction or per day fee, u may wanna check it again.4 i4 O! `; u$ b* q8 G* c `
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I have both CAD and USD account when I open the questrade. u+ z) k# O" |3 F. HI trade US stocks a lot. What I do is to exchange enough USD at the first place, and trade directly in that US account. I don't think Questrade can do the 1st way u described, but i maybe wrong.1 o: s: j* W1 j8 z$ d
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Keep in mind that transaction cost is in the same currency of stock u buy/sell.