lschmidt Posted September 17, 2014 Share Posted September 17, 2014 I am still logistically trying to figure out how to cheaply convert USD to CAD for a Canadian equity purchase. The problem is the currency spread. My bank has a 4-5% currency spread, Fidelity has a 3% currency spread, CIBC in Canada charges 2.5% plus a 3.5% spread. These fees are hefty! I notice there are currency brokers such a USforex.com and Oanda.com that facilitate conversion and transfer with smaller spreads (1%). Has anyone used these? Are they trustworthy? Appreciate any input. - Mike Link to comment Share on other sites More sharing options...
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