rukawa Posted May 27, 2017 Share Posted May 27, 2017 Thinking of using IB for RRSP and TFSA (2 types of registered Canadian accounts) mainly because they have superior currency exchange fees compared to Questrade. Anybody have experience with them for registered Canadian accounts? Link to comment Share on other sites More sharing options...
tscott85 Posted May 27, 2017 Share Posted May 27, 2017 worked for me! brutal UI and customer service but very cheap. Link to comment Share on other sites More sharing options...
rb Posted May 27, 2017 Share Posted May 27, 2017 I have RRSPs and TFSAs at IB. You can only do Canada and US stocks and there are a couple of extra fees. Otherwise the same IB goodness. Pretty happy with it. Link to comment Share on other sites More sharing options...
rukawa Posted May 27, 2017 Author Share Posted May 27, 2017 Thread below covers the fees pretty thoroughly. Basically inactivity fee is $10 per account per month...so unless you generate more than 10 buck commission through trades you will pay this. Fee is waived though if you have more than 100k USD (which currently translates to 134.5K CAD) in the account. In addition RRSP has quarterly fee of 12.50 on top of the inactivity fee. TFSA no additional fees. RRSP and TFSA as rb stated only permit US/CAD stocks. And in order to buy US stocks you must convert into USD dollars. Normally IB allows you trade in any currency and automagically creates a loan in the currency you traded which hedges most of the currency risk. But this feature does not exist for TFSA or RRSP. http://forums.redflagdeals.com/interactive-brokers-now-offers-tfsa-rsp-1663613/3/ https://www.interactivebrokers.ca/en/index.php?f=rsp_tfsa_information Link to comment Share on other sites More sharing options...
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