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To: MRam who wrote (15934)7/11/2006 11:39:41 PM
From: loantech  Read Replies (1) | Respond to of 78419
 
MR,
What did you think of Penntrade?

Thanks.



To: MRam who wrote (15934)7/12/2006 8:14:27 AM
From: maxncompany  Read Replies (1) | Respond to of 78419
 
Yes, I do the same with Ameritrade and Stockwatch. If you're right about IB, then IB wouldn't do me much good, since most of my activity is within my ROTH IRA, and I buy mostly Canadians. I think IB also doesn't allow Canadian warrants (not sure, seem to remember someone on SI saying that). I looked into PennTrade in the past, but they only operate in certain states, mine is not one of them. I used Fidelity a long time ago, before I got into Canadian stocks.



To: MRam who wrote (15934)7/12/2006 11:40:20 AM
From: Silver Super Bull  Read Replies (1) | Respond to of 78419
 
MRam,

RE: My biggest disappointment with IB is they won't let me buy Canadian stocks from my IRA.

As a US citizen I have never had a problem buying Canadian stocks in my IRA with IB. The only "hitch" so to speak is that one has to convert US dollars to Canadian dollars before the purchase.

Another benefit (and this is huge for "active" investors) with IB as far as IRAs are concerned is the ability to trade on "margin." This "margin" though isn't the typical "margin" definition, however; it means, in part, that you don't have to wait the 3 days for security sale proceeds to be "cleared" for purchase of securities.

SSB