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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Sultan who wrote (10044)	1/3/2004 12:14:02 PM
From: Alastair McIntosh	Read Replies (2) of 24921

Hi Sultan. I have had an IB account since Feb. and am very happy with it. It is true that you must choose a base currency for your account. However, in practical terms this comes into play only when moving funds into or out of account. I am Canadian but so far have only traded U.S. stocks. I funded the account in CDN$ then used about half the account to buy US$. When trading in the U.S. only the U.S. cash balance is affected. My only foreign exchange cost was the initial purchase of US$. In any case the FX costs are cheap ($4.50 to buy up to $40,000 CDN) and the spread is very small. Hope this helps.

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