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Email this8:37 am
March 17, 2018
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New US conversion rates if you don't want to be bothered with Norbert's Gambit at a broker.
6:04 pm
January 3, 2013
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Can you transfer from EQ USD to WS USD directly?
6:30 pm
March 17, 2018
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Save2Retire@55 said
Can you transfer from EQ USD to WS USD directly?
I was able to link to my EQ US account from within Wealthsimple using WS's Plaid function, but wasn't able to link my WS account within EQ using EQ's automated linking function.
6:59 pm
April 6, 2013
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I would guess no because it looks like only the Wealthsimple Cash accounts can receive direct deposits and pre-authorized debits. The Wealthsimple Cash account is only avaiable for Canadian dollars right now.
Instead, one would have to link the EQ Bank US$ account at Weathsimple, as Briguy described, and pull the US dollars in from EQ Bank at the Wealthsimple end.
5:41 pm
November 20, 2022
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Briguy said
I was able to link to my EQ US account from within Wealthsimple using WS's Plaid function, but wasn't able to link my WS account within EQ using EQ's automated linking function.
Do you have their USD account subscription, or is it just the recently introduced USD Cash Account?
6:37 pm
March 17, 2018
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BTC said
Do you have their USD account subscription, or is it just the recently introduced USD Cash Account?
I just have the non registered brokerage USD account. But I was unable to use the Plaid linking to even get to the stage where I could choose which Wealthsimple account I wanted to link. It's not working properly right now. If it was working I doubt I could link to the brokerage account anyways.
8:12 pm
November 20, 2022
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Briguy said
I just have the non registered brokerage USD account. But I was unable to use the Plaid linking to even get to the stage where I could choose which Wealthsimple account I wanted to link. It's not working properly right now. If it was working I doubt I could link to the brokerage account anyways.
Do you pay a $10 CAD fee each month, or do you qualify for free by reaching either Premium or Generation status?
2:10 am
March 17, 2018
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BTC said
Do you pay a $10 CAD fee each month, or do you qualify for free by reaching either Premium or Generation status?
I have Premium status so I get the non registered US trading account for free.
6:02 pm
March 17, 2018
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Questrade has a new offer for transfers from other banks, paying 3 % for first 10,000 and 1.5% above that, over 24 months. They also went commission free for purchases and sales of stocks and ETFs, and mostly zero ECN fees
They do Norberts Gambit with ability to journal your shares without calling in.
https://wealthsavvy.ca/norberts-gambit-questrade/#tab-35612
They offer bonds and GICs, unlike Wealthsimple, but I have no idea what their breath of bonds are. I think buying bonds is commission free and minimum purchase amount is 5000.00. Minimum GIC purchase is 5000 as well.
1:49 am
January 23, 2013
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Briguy said
Questrade has a new offer for transfers from other banks, paying 3 % for first 10,000 and 1.5% above that, over 24 months. They also went commission free for purchases and sales of stocks and ETFs, and mostly zero ECN feesThey do Norberts Gambit with ability to journal your shares without calling in.
https://wealthsavvy.ca/norberts-gambit-questrade/#tab-35612
They offer bonds and GICs, unlike Wealthsimple, but I have no idea what their breath of bonds are. I think buying bonds is commission free and minimum purchase amount is 5000.00. Minimum GIC purchase is 5000 as well.
Just like to point out that journal is not free from April 2, 2025. I will be 9.95 + tax. Still not bad.
5:48 am
March 17, 2018
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Has anyone bought bonds at Questrade ? eg. @Norman1 or @AltaRed ? Seems like it might be better for me to buy my bonds at Questrade than at iTrade since there's no fees.
9:02 am
April 6, 2013
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I don't think Questrade is commission free for bonds.
Someone posted this bond list for Questrade. It looks like the commission or markup is embedded in the price.
Royal Bank 1.936% 2025-05-01 is 100.063 at Questrade according to the list. The bond is 99.797 before commissions at Scotia iTRADE. That suggests a $2.66 per $1,000 bond charge at Questrade.
Scotia iTRADE would normally charge $1 per $1,000 bond. That is waived for small orders ($25,000 or less) of bonds maturing soon (within 89 days).
9:31 am
March 17, 2018
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Norman1 said
I don't think Questrade is commission free for bonds.Someone posted this bond list for Questrade. It looks like the commission or markup is embedded in the price.
Royal Bank 1.936% 2025-05-01 is 100.063 at Questrade according to the list. The bond is 99.797 before commissions at Scotia iTRADE. That suggests a $2.66 per $1,000 bond charge at Questrade.
Scotia iTRADE would normally charge $1 per $1,000 bond. That is waived for small orders ($25,000 or less) of bonds maturing soon (within 89 days).
Thanks for checking into that ! Very sneaky of Questrade to hide their markup. So iTrade is cheaper for bonds assuming you are buying about $10,000 or more. ( But, you should always buy at least 25,000 in bonds at iTrade since minimum charge is 25.00 )
10:34 am
April 6, 2013
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Yes, one can end up paying more at Scotia iTRADE because of that $25 minimum even though others will charge more per bond.
BMO InvestorLine doesn't have $25,000 of inventory for some bonds offered. Fortunately, BMO InvestorLine doesn't have a minimum commission for bonds.
10:47 am
March 17, 2018
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Norman1 said
Yes, one can end up paying more at Scotia iTRADE because of that $25 minimum even though others will charge more per bond.BMO InvestorLine doesn't have $25,000 of inventory for some bonds offered. Fortunately, BMO InvestorLine doesn't have a minimum commission for bonds.
I didn't mention that Scotiabank would also be cheaper for any denomination of bonds with less than 90 day duration , compared to Questrade ( besides being cheaper for any duration bonds greater than 10K dollars ) . Good reminder.
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