Hold U.S. cash and trade U.S. stocks & options – without surprise conversion fees

The Questrade RSP lets you:

  • Hold U.S. and Canadian currency in the same registered account
  • Manage the currency used to trade U.S. stocks & options online
  • Avoid paying hefty conversion fees
  • Democratic pricing: 1¢ per share, minimum $4.95 / maximum $9.95

USD in RSP is available in all registered accounts including the tax free savings account (TFSA). There is no need to call anyone to place a trade. Choose how you want to settle your trades in myQuestrade (CAD, USD or the currency of the trade) and you’re ready to go.

Open an RSP account

Here's how it works:

  • Hold USD and CAD in any registered savings account, including the TFSA. Opt in to hold USD through myQuestrade.*
  • Choose to settle trades in USD, CAD or the currency of the trade.
  • For accounts that settle in CAD, you still SAVE BIG when you buy and sell USD securities in the same day. Questrade only converts the net proceeds of the trade – the difference between any buy and sell.
  • React instantly to the market with your trading decisions. Once your settings are in place, there is no need to advise us in advance of any buy or sell requests for U.S. securities.
  • We only charge currency conversion fees when you decide to exchange your money – no more forced currency conversions.
  • If you do have to convert currency between USD and CAD, take advantage of our low fees of only 50 pips – or .5% of the trade. This is a significant saving compared to the industry fee of 1.5% to 2% per trade. On $10,000, that’s $150 savings!

* All Questrade RSP accounts can settle in USD. The default setting is CAD. To change the default, login to myQuestrade, go to My Accounts and select Currency Settlement.

For clients who are maintaining USD in their RSP:

  • On any day in which you trade a USD security (including gold), you will be charged a $5 commission. This is a flat, per-day commission, no matter how many trades are made.
  • Go to the FAQs for more details.

Can I hold U.S. currency in any registered plan – TFSA, RRSP, RESP, RIF, etc?

What are the benefits of holding U.S. currency in an RSP?

Can I deposit U.S. currency into my registered account from another source?

Do I have to call in advance to avoid currency conversions when I trade USD securities in my RSP?

What is a "wash trade"?