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How much do you lose with fx via td Waterhouse?

  • Last Updated:
  • Oct 23rd, 2017 6:32 pm
Sr. Member
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Jan 21, 2017
988 posts
339 upvotes

How much do you lose with fx via td Waterhouse?

Hey guys, I trade with td direct investing and often buy us stocks.

How much do you lose with the td exchange rate on the buy and sell side?

I do have a USD trading account but eventually the money will need to be transferred to Canadian.

Any idea on how to best reduce fx fee, exposure?
1 reply
Jr. Member
Apr 23, 2011
132 posts
81 upvotes
Toronto
Do a search for Norbert’s Gambit.
Basically you buy DLR.TO in CAD, call TDDI and have them journal over. Then sell DLR-U.TO.
You can do it in reverse for USD to CAD.

Forgot to mention, be aware that this will cost you two trades at $9.99 per trade so you’ll have to figure out at what dollar amount this makes sense.

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