Questrade how to buy stocks in USD
This one may be very specific, but I tried for a couple months to buy stocks on the NASDAQ without success, gave up and bought ones on the TSX.
For example if my account says Available Balance: ,000 CAD, [CO] USD... and my order costs me 0 USD, it will show 'Available Balance: [CO], Cost: 0, New Balance -0 USD' and blocks the transaction. Do I need to trade that ,000 CAD on the FX to USD myself? Doesn't sound very convenient.
Thanks!
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See this page: questrade-support.secure.force.com/mylearning/view/h/Investing/Exchanging-funds-in-registered-and-non-registered-accounts If it's a registered account, Questrade should exchange CAD to USD automatically at the end of the day
If it's a margin account, it will not, your USD balance might go negative and you will have to pay borrow fees until you cover the negative balance.
I can't tell you why your trade didn't go through, it sounds like it should have if you have enough CAD to cover it. You'll have to ask Questrade.
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