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Robert H

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Robert H last won the day on October 31 2023

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About Robert H

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    DAS Trader Bro

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  1. Hello Robert,

    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.

    Thanks,

    Stéphan

    1. Justin

      Justin

      Stéphan, Robert is unfortunately gone from BBT. You should make an actual post and @ Andrew, Brian and Carlos all using IB Canada I believe.

    2. Stephane Courchesne

      Stephane Courchesne

      OK, thanks Justin ;-)

       

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