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Questrade how to buy stocks in USD

Personal Finance & Money Asked by user104151 on November 24, 2020

This one may be very specific, but I tried for a couple months to buy stocks on the NASDAQ without success, gave up and bought ones on the TSX.

For example if my account says Available Balance: $1,000 CAD, $0 USD… and my order costs me $600 USD, it will show ‘Available Balance: $0, Cost: $600, New Balance -$600 USD’ and blocks the transaction. Do I need to trade that $1,000 CAD on the FX to USD myself? Doesn’t sound very convenient.

Thanks!

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