Trade with CAD account is the most common way to buy US stocks. Broker charge on conversion is included in real-time exchange rate. 1 m v4 p. E" ?2 O) T. m: n, RYour second way is weird. Especially the charge $5/day, never heard of it. 1 L# {! b# H" U3 F) Y" D0 eUnless u already have USD, either way has little difference (u need to exchange CAD to USD in either way) # G' Z8 F( U; XWhich broker are u using?
i'm using questrade too. 1 _$ T) X: z6 j% p7 q/ s- Q# OI am sure there is no such $5 per transaction or per day fee, u may wanna check it again.6 C' h/ Y; h! ^* t7 Q& b$ [. e
* c. w) L/ ~0 d. [. N. E) X4 hI have both CAD and USD account when I open the questrade. ! \7 N" ]5 |- iI 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. . R9 z/ f# [) C2 M1 P/ p/ {" Z ) b9 L5 a6 r9 O+ _' l5 {# P* y HKeep in mind that transaction cost is in the same currency of stock u buy/sell.