Review 2020 - Pros and Cons Uncovered

Futures Trading

FuturesTrading is a place to: Share and discuss news pertaining to futures, commodities, etc. Share futures trading insight and tips All asset classes (stocks, bonds, mutual funds, ETFs, options, commodities, etc.) and markets (U.S./International) are open


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Stubhub refund in different currency triggers forex fees. Is this legit?

I sold tickets on Stubhub for events in Canada. Stubhub paid me, sometimes in USD and sometimes in CAD, to my PayPal account.
These events were just officially cancelled and Stubhub sent an email saying they would charge me for the cancelled events. They immediately charged one of my credit cards on file, a USD Amex, in CAD for all of the events. The resulting credit card forex fees were $90.
Of course I agree I should re-pay Stubhub for the cancelled events. My issue is that 1) they arbitrarily used a different payment method than how the transaction was originally carried out (Paypal vs credit card) and 2) they sometimes charged the refund in a different currency than the original transaction.
I assume they've covered themselves with their TOS, and I'm out $90. It's just infuriating because I would have happily and immediately paid them in whatever currency they wanted if they had just asked before proceeding to charge my USD card. Is this type of thing allowed?
PS I should mention I'm not a professional scalper - I moved cities and needed to sell season tickets I had from before. After stubhub fees, I barely break even.
submitted by Laika87 to personalfinance [link] [comments]

Best CAD CC for no FOREX fees & CB on high spend categories

For the longest time, I’ve had the PCF WE MC that isn’t really all that useful to me as most of my purchases are for dining out and groceries (getting back 1%) and I don’t shop at most of these loyalty stores anymore (Shoppers, Loblaws, No Frills, etc).
Anyone have recommendations as to the next best option for someone who already has a great AMEX Cobalt card (that’s barely accepted by any merchants) and would like a card to replace my PCF WE so I have a card that I can actually use when my AMEX isn’t accepted? FWIW, some merchants actually charge a fee to use AMEX... Looking for most, if not all, of the following features sorted by order of preference:
I feel like the Rogers WE, which has been SEVERELY devaluated, still satisfies what I’m looking for but would like to evaluate any other options.
P.S. Does anyone know if Visa or AMEX allows for gaming/casino purchases? I know MC works.
submitted by 10Kchallenge to PersonalFinanceCanada [link] [comments]

Can you actually use Wealthsimple Cash? I am desperate for a no-forex fee card to use for spending in the UK

Living in the UK and my Roger's World Elite Mastercard no long provides 4% back. Hope I can just use Wealthsimple cash, but at the moment, despite having a balance, can't seem to actually use it.
submitted by personalfinance21 to PersonalFinanceCanada [link] [comments]

If you want you can NOW pack your bag, buy a plane ticket, and move to another country to start a new life, no bank transfers, no forex fees, no questions asked... Just a paper with your private key.

This is the power Bitcoin give us... This is real freedom.
submitted by miosina to Bitcoin [link] [comments]

Living in another country for 5 months, how can I avoid forex fees?

I'm a Canadian citizen and all my bank accounts and credit cards are Canadian. All the accounts/cards I have charge a 2.5% fee for foreign currencies.

I'm going to be studying in Sydney, Australia from January-May of next year. 2.5% normally isn't much, but if I'm going to be living there, buying food, clothes, living expenses and pretty much everything, in AUD, what can I do to avoid paying as much forex fees as possible?

I've already applied to certain cards that don't have a forex fee, but I'm worried they won't get accepted/arrive on time before I leave. What else could I do to try and save myself on these fees? 5 months is going to add up to a lot :(
submitted by jovikappa to PersonalFinanceCanada [link] [comments]

Does TD debit also charge you forex fee when you use paypal to send USD?

I want to send USD to my friend using my TD account on paypal. I know that if I use TD credit card there's a forex charge (on top of the $5 charge for sending) but is it the same case when you use debit?
submitted by Own_Scar to PersonalFinanceCanada [link] [comments]

Travelling to UK. Forex fees?

What is your preferred method of saving on fees while travelling to the UK? We are eyeing up the possibility of using our Amex Cobalt for food/drink purchases. Seems like with foreign transaction fee and the points combined we come out a bit ahead still.
We haven't done any currency purchasing yet, looking at posted rates and considering this. Thought Id check with the PFC hive first!
submitted by LeaveTheWorldBehind to PersonalFinanceCanada [link] [comments]

[HSBC] HSBC World Elite Mastercard, FYF, 40K in Pts >$3k Spend, No ForEx Fee, $100 Travel Credit

Deal Link
Expiry: March 9, 2020
Retailer: HSBC
HSBC finally has the FYF deal back.
submitted by DealsCanada to ShopCanada [link] [comments]

No annual fee + no ForEx fee card

Hey all, So I'm planning on going with an AmEx trifecta, I looked over the calculator and I'll net more from the rewards points than from the Chase trifecta. However, I want an additional card to use internationally due to AmEx's limited acceptance abroad, and I'd like this card to be either a Visa or MasterCard with no foreign transaction fee and no annual fee. I'd greatly appreciate any suggestions for options I might have!
submitted by PlutoIsAPlanet13579 to CreditCards [link] [comments]

Question: What is the best card for international travel? (ie. No forex fees and other perks)

Hi everyone,
I’m going to Europe for a month and wanted to know which credit card has the best offerings for international travel! I’m looking for no foreign transaction/exchange fees, and any other perks that might make it better than the competition!
Thank you!
submitted by Trollogic to CreditCards [link] [comments]

Yikes! Forex fees increasing

Received this notice from TD:
Foreign currency transactions with your TD Access Card
1) Fee when you use a TD Access Card to make a foreign currency withdrawal at an ATM outside Canada
2) Make a foreign currency debit purchase outside Canada using a TD Access Card with a Visa Debit logo
CURRENT: 2.5% of the Canadian dollar amount after conversion of the foreign currency amount at the rate set by Visa Internationa
MAY 1: 3.5% of the Canadian dollar amount after conversion of the foreign currency amount at the rate set by Visa International
submitted by churning1964 to churningcanada [link] [comments]

Brim 0% Forex Fee will NOT use Mastercard's rate

submitted by emilio911 to PersonalFinanceCanada [link] [comments]

How to avoid Questrades hidden forex fees.

So I just found out recently that when I purchased US stocks with CAD on Questrade. They hid the forex fee through the conversion rate. This whole time when I was reviewing my trades I thought the exchange between CAD / USD was pretty much on par since it mentioned $0.00 commission. So after buying about $17k of stocks, it seems that I lost about $450 USD from conversion :( which is a lot for a 22 year old student who doesn't earn much.
Is there a way I can avoid the extra conversion costs? I don't have a US chequing account so could I bring USD to a bank and then send the money to questrade with US cash that I exchanged somewhere else at a lower cost.
Another option is swap my portfolio to Interactive Broker now that my portfolio is >$10k? But I'd need to wire the money over to then.
submitted by Musclechu to PersonalFinanceCanada [link] [comments]

Zero forex fees on Canadian Credit Cards?

Hi all, wondering what everyone's experiences are with foreign exchange fees on Canadian CCs when using them abroad? I'm trying to get an idea of the cards that don't charge these fees.
submitted by TravellingBeard to PersonalFinanceCanada [link] [comments]

Need some help comparing the value of double Amex points for travel vs visa with 0 forex fees.

I have an Amex Gold and just got an Amazon Canada Visa. These will be my one/two for foreign travel and travel related purchases.
These will be definite plans of attack I'm thinking:
Both the above points have little to no overlap so work well together (unless there are places that don't take Amex, or only take cash).
My question is, while overseas, if I am paying for hotels or intra-European flights, for example, is it better to pay with Amex Gold (which will have forex fees, 2.5% I think) but get the double points for that purchase, or pay with my card which has no forex fees?
Edit: I guess the better question is, can I quantify an Amex point? Near as I can get, it is worth 1.5-2 cents.
submitted by TravellingBeard to PersonalFinanceCanada [link] [comments]

Running an online business in USD and losing a ton in forex fees. What are my options?

I'll try to make this short and sweet. I run an online advertising business. I top up all my accounts in USD and get paid in USD, all through my CAD card and account. This obviously costs me a ton in forex fees. The reason I've put finding a USD account on hold for so long is because I started this business on my credit card and line of credit and racked up close to 40k in debt.
Now however, I've finally managed to pay off all my debt and I am looking into my options for a USD account and credit card. I am incorporating soon if that matters. My thoughts are that I should go down to the states and open a real US bank account and get a real US credit card so I can get some kind of rewards. AFAIK there are no USD business cards available in Canada with any rewards.
In the mean time, I'll probably be opening up a new corporate bank account in Canada when I incorporate. Should I just stick with this and not even worry about earning rewards? I spend 20-30k/mo so I could rack up rewards pretty quickly.
TL;DR: Should I open up a USD account in Canada with no rewards, or should I go to the states to open one where I can earn rewards?
submitted by xxf8xx to PersonalFinanceCanada [link] [comments]

Best Credit Card with no forex fees?

Hey all,
Any advice on what the best credit card is that doesn't have forex fees?
I currently have the MBNA card with the cash back and a PC but both of them have forex fees, looking for one to use while traveling that also has the other perks (i.e. rental car insurance) as well as some sort of rewards (cashback or travel points preferred)
submitted by cakeandcounciling to FrugalTO [link] [comments]

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Today New forex fee||immediately forex fee||Open Market Currency Rates||Western Union Rates Today submitted by Hellterskelt to bitcoin_is_dead [link] [comments]

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0 Forex fee CC - no other perks wanted

I'm going overseas for a month. I'm looking at a 0 foreign exchange credit card.
I'm not really interested in spending $100/year on a card (not yet anyway) and I have other cards that I use for my day to day expenses.
I'm leaning towards Home Trust - but the not changing the pin, 10 transactions etc sounds pretty annoying.
Are my only other options Rogers/Fido? (Are there differences between those two really?).
I honestly will probably use this while I'm travelling then ignore it until next time I leave the country.
submitted by newtomoto to PersonalFinanceCanada [link] [comments]

Today New forex fee||immediately forex fee||Open Market Currency Rates||Western Union Rates Today

Today New forex fee||immediately forex fee||Open Market Currency Rates||Western Union Rates Today submitted by Rufflenator to 3bitcoins [link] [comments]

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