Quote:
Originally Posted by DoubleK
If you plan on buying anything in USD it's QT over WS.
I can show you how to perform Norbert's Gambit to avoid paying through the nose to convert currency.
National Bank has recently spun up their discount brokerage and apparently it's good on fees and allows you to hold USD, take that with a grain of salt, I haven't investigated it at all.
If you plan on being a BSD and trading options and the like or using margin, you are best served by looking at IBKR.
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IBKR is also the best for anything outside of the US and Canada. Their currency exchange rates, option rates, and margin rates are all the best as well as mentioned.
I had a trade last year where I was exercising some puts I had bought. It was half in my LIRA which is at RBC direct investing (IBKR doesn't do LIRAs) and half in my non-reg at IBKR. The fee at RBC was over $200 to exercise the puts - IBKR did it for free.
But it is more complicated and harder to learn. If you just want to buy ETFs and rebalance IBKR isn't the best choice.
**Full disclosure: I'm a happy enough customer that I bought IBKR shares.