matjone Posted February 9, 2011 Share Posted February 9, 2011 I tried buying some FRFHF and it is saying that there is a possible $75 fee for the order. The customer support at tradeking said that this is because it is a foreign stock and isn't listed on the major exchanges in the u.s. (I live in the u.s.). He also said that there was no way for them to know if this fee would be charged or not. Does anyone know if I will have to pay this fee? Is there any way for me to buy some fairfax stock without paying it? I'd like to buy some but I'm not looking to buy enough to make it worthwhile with a $75 fee. Thanks Link to comment Share on other sites More sharing options...
Myth465 Posted February 9, 2011 Share Posted February 9, 2011 I think you will. Wells Fargo charges the same fee. I use Thinkorswim for all foreign holdings. They dont charge the fee. Link to comment Share on other sites More sharing options...
Grenville Posted February 10, 2011 Share Posted February 10, 2011 You can buy FRFHF on Scottrade without the fee Link to comment Share on other sites More sharing options...
ericd1 Posted February 10, 2011 Share Posted February 10, 2011 No fee at fidelity, schwab, or tdameritrade. It's traded on otc (pk) not a foreign exchange. Link to comment Share on other sites More sharing options...
benhacker Posted February 10, 2011 Share Posted February 10, 2011 The reason why this comes up is that some brokers reserve the right to execute The OTC "F" foreign shares directly on the (local) exchange. But that usually is only if you buy a lot... I think at TDA (at least for advisors) it's 50k shares... so maybe Fido has a similar deal and if you do do that, they reserve the right to charge you, but in that case the better execution would be so much better that it would be worth it anyway. That's my best guess why Fido states the fee, but doesn't really charge it for investors here at least from what's been said. Ben Link to comment Share on other sites More sharing options...
PLynchJr Posted February 10, 2011 Share Posted February 10, 2011 I also have an account at Tradeking. You will be charged the $75 fee based on my experience. Link to comment Share on other sites More sharing options...
Ross812 Posted February 10, 2011 Share Posted February 10, 2011 Optionshouse.com is my favorite. There is no fee for foreign stocks, and trading fees are really low. Link to comment Share on other sites More sharing options...
bookie71 Posted February 10, 2011 Share Posted February 10, 2011 Schwab's fee was $10 but they dropped it to $50. Link to comment Share on other sites More sharing options...
bookie71 Posted February 10, 2011 Share Posted February 10, 2011 opps, should be 100 Link to comment Share on other sites More sharing options...
ValueDan38 Posted February 10, 2011 Share Posted February 10, 2011 As ericd1 explained, most US brokers do not charge an extra fee for trading FRFHF.PK since it trades on the US Over-the- Counter pink sheets, not on a foreign exchange. Dan Link to comment Share on other sites More sharing options...
matjone Posted March 24, 2011 Author Share Posted March 24, 2011 Well I looked through all the brokers that were mentioned on here. Every one of them said that I would be charged an extra fee in the range of $50-$75 for trading foreign stocks, except for TD ameritrade. I am thinking about opening an account so that i can avoid the fee for foreign stocks. Anyone here have anything to say about ameritrade, good or bad? Thanks, Link to comment Share on other sites More sharing options...
gfp Posted March 24, 2011 Share Posted March 24, 2011 Why not use Interactive Brokers and just buy FFH in Canada? Link to comment Share on other sites More sharing options...
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