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 r. B) C2 w; [9 jYour second way is weird. Especially the charge $5/day, never heard of it. $ [* u8 A9 W, B' ?! b b
Unless u already have USD, either way has little difference (u need to exchange CAD to USD in either way) / I+ c" A4 r8 h2 u$ @7 JWhich broker are u using?
i'm using questrade too. , J; F5 E3 q+ P. `4 MI am sure there is no such $5 per transaction or per day fee, u may wanna check it again. 4 s. y1 m. |# |) G$ |* C9 ~: o6 a+ `1 t" \8 w5 P6 |
I have both CAD and USD account when I open the questrade.- d7 H' o2 y# V4 |
I 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.4 G" b x5 j! |- ^
\" c1 a- a- K1 Y3 zKeep in mind that transaction cost is in the same currency of stock u buy/sell.