Single Status Update
I found that you look familiar with a Canadian account and Interactive Broker.
I have a big problem with IB and intraday loan fee. I trade in the US with my IB account in Canada. I also use DAS as a platform.
Here is my problem: I was getting use to have some variations sometime with the exchange with my Canadian $ account: -50$ or -100$, -200$. Sometime it give me +50$ or +100$ but this is more rarely.
I trade the US stock but at the end of day, with my daily report, IB close the day and make the calculation for the exchange CAD versus USD.
- In January, I lost 585$ US just with the exchange
- In February, I lost 420$ US again with the exchange.
- And on Monday this week, March 9 2020, I lost 750$ US with the exchange USD/CAD!!!
- I can’t believe that a US citizen would make a nice trading day of 305$ US with 22$ commission and end up loosing 750$ with the exchange, 3 trades on $AAPL, $AMD and $NVDA
I call IB last week to change my Canadian account in US$. They told me that it goes with the country of residence. The guy was not really helpful.
With one of your post, I understand more how it work when I buy in USD with my CAD: https://ibkr.info/node/722
I CAN’T CONTINUE TO TRADE WITH THIS SETUP… I NEVER KNOW WHAT WOULD BE THE RESULT OF MY TRADING AND LOOSING TO MUCH MONEY WITH CAD/USD
Today, since all line where busy at IB, I tried the chat. The guys told there was noting to do even if I challenge him that it's impossible that a America with a US account would pay 750$ for making 305$.
With this setup, I have no choice but to change Interactive Broker for another broker that would accept to open a account with USD.
Any advice and recommendation would be really appreciated.