![]() ![]() Assuming a rate of 1.25 CAD/USD, converting $1,250 CAD to $1,000 USD will have a commission cost of around $5.50 USD. Nortbert’s gambit currency fee (USD or CAD) is determined at the currency after the conversion. Overall, paying the 2% exchange rate fee on Questrade is cheaper when converting less than $300 while the Nortbert’s Gambit method is cheaper when converting more than $300 to and from US dollars. Questrade USD Conversion Fees (2% Fees vs Nortbert’s Gambit) Conversion Amount Another way of exchanging US dollars on Questrade is through the Nortbert’s gambit which costs around $5-10 in fees, but usually takes 4-7 days to process. First, by paying 2% fees which is settled within 0-2 days. There are two ways to exchange funds from CAD to USD dollars on Questrade. ![]() Questrade will also charge fees when converting to and from USD. When opening a Questrade account, both CAD and USD accounts are automatically opened. Also, there are more selection on US stocks and most of popular stocks are traded in US dollars. Trading or investing in US stocks may help diversify a portfolio. ![]()
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February 2023
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