bkng: Just wondering if you've decided which American / Canadian...

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Balancingact62

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19/07/19

06:07

Post #: 39591838
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Originally posted by bkng: ↑

I have done awful amount of reading, I think PharmaCielo is forecast to hit C$50 in couple of years time, so I choose to hang on
When look at PharmaCielo's average trading volume is ~166k out of a total of 96M, that is 0.18% of shareholders losing faith in the company or cannabis industry.

PharmaCielo is 600 - 700M MC, so expectation is that it will be one of the top TSX300 companies. Using this assumption in mind, the options you have are:
1. You can sell before the MA is complete to avoid complication,
2. Trade on CommSec (USD $39.95 or 0.40%, whichever is greater) and the currency will be exchanged back to AUD immediately, so you will lose substantial value in currency if you have a big holding
3. IG: IG does not offer trading for TSX, even if they do, you will still encounter the same issue for currency exchange;
4. Interactive Brokers (https://www.interactivebrokers.ca/en/index.php?f=1590&p=stocks1): C$ 0.01 per share or Max 0.5%, again, same issue for currency exchange but beneficial for small holding;
5. Philip Capital: 0.65% or CAD 60 whichever is greater, cost is higher but they allow multi-currency and you can trade in various markets, good for big holding but bad for small holding (https://www.phillipcapital.com.au/online-trading/share-trading/)
6. Set up an account in Canada or US: The option that I will go for.

Hope this helps.
Boon

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bkng: Just wondering if you've decided which American / Canadian company you intend to broker with?

CPH Price at posting: 41.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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