Comments on: Questrade Offers US Dollar RRSPs

By: RBC Direct Investing to allow U.S. Dollar Registered Accounts | Canadian Capitalist

Tue, 13 Apr 2010 03:50:22 +0000

[...] is not clear if RBC Direct Investing will charge a separate admin fee (like QTrade does) or charge extra commissions for transacting in US dollars (like Questrade does). But RBC Direct [...]

By: dan

dan — Wed, 02 Dec 2009 23:11:02 +0000

I have been been unable to get in contact with Questrade. I have tried for a few weeks with phone calls and e-mails but no response. Even if I did eventually get in contact with them I am not sure I would place any money in a company that operates in this manner it is a complete joke. I wish there was an alternative.

By: Randall

Randall — Sat, 13 Dec 2008 04:22:13 +0000

TD has not automated the process of wash trades yet. You still have to call them for both a buy and sell order. they plan to offer this automation by the first half of 2009

By: gene

gene — Mon, 20 Oct 2008 06:45:24 +0000

Dragging up an old post here, CC, but I guess our optimism that the big brokerages would soon offer USD RSPs was misplaced. Nobody seems to be in a hurry to offer them.

I guess our best bet is still TD, since they are large and well operated, and the process of wash trades is largely automated. I find the extra step of calling E*Trade Canada the next morning to have the exchange rates manually matched to be annoying. I may switch to TD just to avoid that annoyance.

By: Frank

Frank — Tue, 02 Sep 2008 01:02:53 +0000

I’m considering transferring my to a Questtrade account to take advantage of holding US fund.

Can anyone advise on their experience with Questrade or suggest any of the big banks who may be near to offer the same service.

By: Marco

Marco — Thu, 06 Mar 2008 02:40:00 +0000

I think it’s safer to wait for the big guys like TD to begin offering USD in your RSP instead of going to Questrade.

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By: telly

telly — Mon, 18 Feb 2008 16:14:57 +0000

CC: Just an fyi..
I found out last week that TD efunds can be purchased with USD within TD Investment RRSPs. This works out really well for regular TD efund contributions (i.e. TD US index US$) within an RRSP with eventual “conversion” to ETF at Questrade without the forex fees.

Maybe others were already aware of this but I sure wasn’t. Making regular contributions from my TD Borderless account makes a lot of sense for us at this time.

By: Questrade USD RRSP and Referral Promotion | Million Dollar Journey

Questrade USD RRSP and Referral Promotion | Million Dollar Journey — Mon, 14 Jan 2008 07:31:57 +0000

[...] no more because Canadian Capitalist has broken the news that Questrade now offers the ability to hold U.S Dollars (USD) within their [...]

By: FourPillars

FourPillars — Sat, 12 Jan 2008 16:59:18 +0000

Been waiting – that would be a waste of time. The banks will look at money going out and that’s the only thing they will look at when they do their strategy. Phone calls mean nothing.

Mike

By: Been waiting

Been waiting — Sat, 12 Jan 2008 11:01:21 +0000

Perhaps to encourage the big boys, we should be calling them up and inquiring about the procedures of moving our accounts from them to others because of this.

You don’t have to do it, but the inquiry alone should help keep the fire lit.