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Re: ErnieBilco post# 4698

Wednesday, 09/20/2023 2:07:32 PM

Wednesday, September 20, 2023 2:07:32 PM

Post# of 4752
Concerning a broker OTC friendly for a foreigner just like me,
I decided to open Questrade (CAN) and transferring inside it my old account at Tradestation (USA), not otc friendly anymore.

Now I discover that Tradestation will transfer an account "all in kind" via ACAT but Questrade is not able to receive in that way,
Questrade however can accept and ATON transfer but Tradestation doesn't support that method.

After days of chat with both of them, maybe, they agreed both to transfer via DTC, but Tradestation will charge me 25$ per position transferred,
Questrade however will refund a transfer account fees till 150$.
(So with only 6 tickers transferred on 40 total, I will go zero charge).

At the end, there is also the DRS mode, transferring the physical certificates of the positions owned,
but it is not good for me,
this because Questrade ask a deposit fee of 300$ for every certificate deposit inside them.

Do your own researches (DD), people here give credit to a stock just because they want to sell it....
The unique thing I can teach you is: BUY LOW, SELL HIGH!

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