I often read on CanadianInvestor about people trying to avoid Wealthsimple Trade's 1.5% conversion rate, which is admirable and smart. However, I also tend to read in these posts that buying US stocks/ETFs at Questrade is 'free', which is not true. So I just recently opened a tfsa account with quest trade and I’ve purchased some shares in USD and CAD stocks and I’m wondering why my cash is different from my buying power. Don't have a lot of info on this but just logged into my questrade account and got a notification saying they are now accepting instant deposit via Visa Debit, max of $3,500.00. I made a new Questrade profile today, filled all my info in. I have not opened an account. I decided at the last minute I want to use a different… Welcome to the official Questrade subreddit. Join our community as we empower Canadians to take control of their financial future. Share your ideas, questions and insights. Connect with us, M-F, 9:00 am to 5:00 pm ET. I have a stock plan with my employer on E-Trade so for me, this is the best way to transfer USD to USD without exposing myself to FX rate changes and/or fees, eg E-Trade - Wise - Questrade. You essentially BORROWED the USD from Questrade Margin account, that’s why you’re negative. If its a TFSA, then conversion between CAD/USD is automatic. However, if its a margin account, you’ll first have to convert CAD - USD, and then buy US listed stocks. I think you should do that ASAP, since you’ll accrue interest on that borrowed USD of you hold position overnight. Then I clicked the green TRADE button and it takes me to a page that says: Welcome to stocks, options, and ETFs trading, [Name]! Finish opening your account to start trading stocks, options, and ETFs, or try out our trading platform with a free practice account. Underneath that there is a light green button that says FINISH ACCOUNT OPENING. If you're invested in BMO mutual funds, then select the all in cash option. Questrade handles the transfer for you, they submit the paperwork to BMO. Wait a couple weeks until Questrade sends you an email that your account is funded and ready to trade. Guys, I am a active day trader using questrade. I love the platform, and as a Canadain Trader, it is the cheapest platform but also a high quality one. Ovbisouly our neighbours to the south have better platforms, commissions structure and so much more. But we need to come together to demand quality for Traders across Canada.