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Is $50 Too Much?

May 30, 2011 by  

Bob, good morning.

I am a recent stock-purchaser. I, by myself, set up an online Fidelity account. It charges $7.95 per stock transaction. There might be other websites that are better; but for now, I am enrolled into this one.

I went to purchase a Canadian stock, mentioned by others, but similar to your logic of silver investment. The company is Fortuna Silver Mining, with symbol FVI. It is a Toronto Exchange traded stock.

A pop-up alert within the Fidelity website said that on top of the $7.95 transaction fee, I could expect an additional $50 fee because the stock is a foreign-traded equity.

Are there websites like Fidelity that do not charge additional fees to handle stock trades through other stock exchanges that are not American-based?

Tips, please.

Thanks,
Randall O’Neal


Dear Randall,

Most, if not all, U.S. brokers charge a fee for out-of-country stock purchases. Actually, $50 is a reasonable charge to expect.

Best wishes,

Bob

Bob Livingston

is an ultra-conservative American who has been writing a newsletter since 1969. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom.

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