Last edited by Peculiar_Investor on 07 Feb 2014 07:04, edited 1 time in total.
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You may want to look at interest rates for margin and whether or not TD will let USD be used as margin for a CDN daytrade. For example at IB if I only have USD in my account and then buy and sell a Canadian stock in the same day it doesn't cost me any margin interest and they don't exchange money. They just lend me the money for the day. If you hold a position overnight then you will be charged interest if you don't exchange some money but this is less at IB than TD.
I've Call TD They give me a interest rates for margin of 3% and they let USD be use for CDN daytrade and vice-versa. The 3% is just charged if I hold overnight.
Also they pay the transfer fees (From Disnat to Them)
I have disnat also, i just started trading my self. Trading with us $ is not whorted as buy-sell will cost you 4% unless you trade in us$ account that is possible to have.
Since I am anovice I am afraid to use all type of orders. I use only Limit. Can any body explain what are the other possible types or direct me where to find the info. It is much appreciated.
Tissoki wrote:I have disnat also, i just started trading my self. Trading with us $ is not whorted as buy-sell will cost you 4% unless you trade in us$ account that is possible to have.
Since I am anovice I am afraid to use all type of orders. I use only Limit. Can any body explain what are the other possible types or direct me where to find the info. It is much appreciated.
What does whorted mean?
Limit is the best type of order to use. It means you will only buy the stock if the price meets your limit.
Market means you'll pay whatever someone is asking. There are risks that this might be more than you wanted to pay.