tag:blogger.com,1999:blog-5433839636644874439.post9050140994579598035..comments2024-03-04T13:37:11.022+00:00Comments on Canadian Financial DIY: Source for Discount Broker ComparisonsCanadianInvestorhttp://www.blogger.com/profile/05645767559302303541noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5433839636644874439.post-77362742655334591752011-01-19T07:48:34.834+00:002011-01-19T07:48:34.834+00:00I just have to agree with our discussion regarding...I just have to agree with our discussion regarding one of the most common brokerage problem now a days which is the currency conversion. I am also wondering if there is any difference between the spreads changed by discount brokerage or none. However thanks for the feed. Useful indeed.Building Price Negotiatorshttp://www.building-brokers-brisbane.com.aunoreply@blogger.comtag:blogger.com,1999:blog-5433839636644874439.post-26317691485533047792010-05-28T15:39:10.751+00:002010-05-28T15:39:10.751+00:00I recently asked Questrade about their currency sp...I recently asked Questrade about their currency spread...this was their answer:<br /><br />Our RSP accounts exchange at 0.0050, and margin accounts at 0.0125.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5433839636644874439.post-76547396467712372742010-05-24T14:00:16.005+00:002010-05-24T14:00:16.005+00:00MJ, yes there is a spread. Million Dollar Journey ...MJ, yes there is a spread. Million Dollar Journey started compiling this particular data in his blog post http://www.milliondollarjourney.com/review-canadian-discount-brokerages.htm. Don't know if it still current though.CanadianInvestorhttps://www.blogger.com/profile/05645767559302303541noreply@blogger.comtag:blogger.com,1999:blog-5433839636644874439.post-78636443067828597822010-05-24T12:10:18.320+00:002010-05-24T12:10:18.320+00:00Good point about the currency conversion problem. ...Good point about the currency conversion problem. I wonder if there is any difference in the spreads charged by discount brokerages. If you're trying to rebalance between Canadian and US assets, being allowed to hold US dollars in an RRSP won't help -- you have to convert from one dollar to the other. It matters whether the loss in this conversion is 0.5% or 1.5%.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.com