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To: MoneyPenny who wrote (139707)9/4/2010 10:43:09 AM
From: tom pope  Respond to of 206326
 
If your next question is - how come you're only paying 6.99, my answer is - beats me.



To: MoneyPenny who wrote (139707)9/5/2010 8:24:33 AM
From: Ed Ajootian  Respond to of 206326
 
Thanks guys, this is helpful. I would much prefer to do my Canadian trades through my Fidelity acct. vs. having to keep moving money between that and Penntrade. I plan on looking into this more this week.



To: MoneyPenny who wrote (139707)9/5/2010 10:33:48 AM
From: Willitsoar  Read Replies (1) | Respond to of 206326
 
Re: Fidelity International Trading feature

Which accounts are eligible?

Non-retirement brokerage accounts with either 120+ trades per year and $25,000+ in household assets, or $1 million+ in household assets.



To: MoneyPenny who wrote (139707)9/8/2010 4:25:48 PM
From: Ed Ajootian  Read Replies (2) | Respond to of 206326
 
MoneyP, thanks much for pointing me toward Fidelity, I checked this out and have decided to switch my Canadian trading from PennTrade to Fidelity in the near future. Their commission rates are slightly lower (by $8/trade) and they give you a slightly better deal on the FX costs. Plus, with Fidelity you have the option to just keep sales proceeds in Canadian funds, thus avoiding further FX charges on your next Canadian stock purchase with such funds, whereas PennTrade does not have that option. Last positive for Fidelity is that their great tax lot reporting system applies to Canadian stocks in your account in just the same way as it does for your US stocks.

Fidelity had rolled this new program out in November but this is the first I've heard of it. I may have received an email about it but I didn't click through then since I believe I thought they were just re-hashing their earlier program, which had the $50 minimum fees.