I use TD Ameritrade, the first time I purchased $1700 of BYDDF I found a $100 fee about a month after the purchase (foreign trade fee). I pitched a fit they lowered it to $15, every purchase and sale since has had a $15 fee attached to it. I'm about 5 seconds away from switching to Scott Trade.
You guys may want to take a look at KNDI it is a Chinese company traded nasdaq so there is no such fee. They also have a mini EV in production, have postal contracts in China, have manufacturing space and The kicker they have a quick change battery and charging station. So the batteries are maintained by the charging station. You drive in and drive out in minutes just like a fill up. Do yourselves a favor and take a look. Up over 80% this last quarter. Shows a profit due to the affordability of the vehicle. If you try to sell Tesla roadster to a guy in china he better be a CEO. The wages bite. Therefore what your looking past is affordability. Wouldnt you like to seea profit?
on recently buying shares of BYDDF (pink sheet) through Stockcross(USA)I was charged an additional $75 Foreign transaction "CLEARING" fee, which I presume Stockcross had levied on them and they passed directly on to me. This has not happened in the recent past, and is in addition to normal commission. This applies to Sell or Buy, and as far as I know for any quantity and is a variable rate ! ........ so trader beware if you are trading a Foreign Stock..... best check with your broker first. Can anyone explain why the process is changing ?
I bought 1000 shares of BYDDF.PK and was charged (the usual $7.50 + %50 for foreign stock I assume) $57.50 (ouch!) by Fidelity!
I didn't realize the $50 extra charge which I presume I will get saddled with again when selling. SOB! I will ask E-Trade on Monday and find out.
I got socked with a $200 foreign transfer fee when I sold and $100 when I bought.That wiped out the profit I made.Thankfully I bought Ford with the money and have made %50 or more with a $9.99 broker fee.