Forex Trading On Margin Accounts - The Benefits And Risks

Opening a non registered account?

Quick Q...I have a TFSA w 41K invested in ETF's at Questrade and an RRSP account w TD in E Series funds. I now want to open a non registered (taxable account). From what I understand, I can't do this at either Questrade or my regular TD account....I would have to open another account....does it matter where, any advantages to being with TD Direct Investing vs RBC vs Scotia, vs somewhere else, etc...this is sort of a pain cause now I have to have yet another account open.
If I go w TD Direct Investing, I guess I could transfer over my E Series funds to them? I have 15K contributed right now and am looking to put in 9 K into a taxable account.
Is there one place that has lower fees than another for opening a non registered acct?
submitted by llama123456789 to PersonalFinanceCanada [link] [comments]

Questrade fx question

I want to buy usd so that i can buy us stocks. fx is obviously the best rate, does anyone know if questrade would allow me to buy usd in fx and then transfer it to my margin account?
E: I called them and this is what I learned. So I just called them. When you have a CAD balance on a margin account and buy US securities, you borrow their USD, and you get charged 6.25% interest. Currency conversion from CAD to USD is 1.99% if you convert more than 10k you can negotiate that, but I haven't been told by how much. I was thinking of funding my forex account and converting cash there but it turns out that to convert cash there costs the same rate. But if you are just trading and not converting cash you can buy USD with a spread of 2-2.5pips, and you cannot transfer that USD to your margin account. So I'm going to have to find another means of converting my CAD to USD.
submitted by RUS_Hustler to investing [link] [comments]

50% in CASH in my TFSA HOW TO ROLL A COVERED CALL TRADE WITH QUESTRADE HOW TO OPEN A MARGIN ACCOUNT WITH QUESTRADE HOW TO USE A MARGIN ACCOUNT WITH QUESTRADE - YouTube All my stocks in my QUESTRADE margin account (75k borrowed) How to buy back a call option with Questrade My trading profits for January (QUESTRADE MARGIN)

An account opened with Questrade Inc. allows you to trade currencies on a highly leveraged basis. A small adverse price change to the underlying asset can magnify the impact on the funds in your account, potentially resulting in the total loss of your initial investment and any additional funds that you may deposit to meet margin calls. Discover free, intuitive, all-in-one Questrade trading platforms for mobile, desktop and web trading. Wealth Management. open an account login. Self-Directed Investing show Self-directed investing submenu. Self-Directed Investing Confidently take charge of your financial future. Build your investment portfolio for less. go now Account types TFSA, RRSP, Margin, and more. Choose the accounts ... Questrade offers twenty account types, divided into six Retirement accounts, two educational ones, seven for entities, two for margin trading, two for Forex and CFD trading, and one tax-free savings account. Each one comes with different benefits, but most traders will manage their non-retirement portfolios in the Forex and CFD accounts, with the addition of margin trading. Clients may open as ... Here are some important things to know about margin accounts: Interest charges are applied to your account automatically. To view interest charges, log in to Questrade, click Reports, and tap Account activity.To view rates, visit our website; If your investments go down in value, your losses are magnified and you still have to pay back your loan, plus the interest Margin Requirement: Long calls and puts: 100% of the market value: Long straddle/Long strangle : 100% of the option strategy’s market value Short covered call (protected short) The value of either 1 or 2, whichever is greater: The sum of: a. 100% of the market value of the call option and. b. The lesser of: i. The normal margin required on the underlying security. or. ii. The out-of-the ... Submit your review. To submit your own Forex Broker review for Questrade FX fill the form below. Your review will be checked by a moderator and published on this page. By submitting a Forex Broker review to you confirm that you grant us rights to publish and change this review at no cost and without any warranties.Make sure that you are entering a valid email address. Forex trading on margin accounts is the most common form of retail forex trading. This article explains what ‘margin’ is, shows a margin calculator or ‘formula’ and how to use this free margin safely. Understanding margin requirements, and how leverage levels affect it, is a key part of trading forex successfully.

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50% in CASH in my TFSA

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