[Canada]
Lets say that I have $10k CAD in my bank account and I want to convert it to USD for use in a trading platform like Questrade or IB, what's the best way to do that?
Should I first convert it at my bank, then transfer the USD funds to the broker? Or should I transfer CAD then let the broker handle the conversion to USD?
I'm a bit confused because the banks seem to take a cut for themselves but it's not written as a traditional fee, it's buyer/seller rates and I'm just having a little trouble wrapping my head around it all. thanks
Submitted May 18, 2018 at 10:32AM by abandonplanetearth https://ift.tt/2rPP7FO
