Trade with CAD account is the most common way to buy US stocks. Broker charge on conversion is included in real-time exchange rate. # }. e4 z6 G# DYour second way is weird. Especially the charge $5/day, never heard of it. ' {$ `$ U; T/ [9 T: [, g3 eUnless u already have USD, either way has little difference (u need to exchange CAD to USD in either way)/ Y: n. H( `3 k, C; y
Which broker are u using?
i'm using questrade too.' I8 c+ m2 p9 Q, C& r
I am sure there is no such $5 per transaction or per day fee, u may wanna check it again. + A) I( j7 g6 r# b" k 4 }, L6 L8 o5 m9 zI have both CAD and USD account when I open the questrade. ! v3 @ M% C3 o1 g/ G GI 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.* W0 s: y- C `3 U
. A! Y3 i: e: NKeep in mind that transaction cost is in the same currency of stock u buy/sell.