TD Direct Investing International (formerly known as Internaxx) is the Luxembourg brokerage subsidiary of Canada’s TD Bank Group. As the “offshore” division, it’s very much pitched at the expat community and seems to be trying to fill the space between discount brokers and private banks/full service brokers – ie more of a personal service than the former, cheaper than the latter.
Compared to TD Direct Investing in the UK, it offers a similar range of markets with a few differences. All markets are available online through TDDII, while TD UK has Sweden and Switzerland available through telephone dealing only. Fees also vary: TDDII has higher tiered commission rates, but its currency conversion rates are much better.
In addition to sharedealing, other services include an offshore fund supermarket featuring around 400 funds. This can be useful for expats and non-residents investing in European funds – you could also consider Keytrade Bank for a similar service.
|Online trading||Australia, Belgium, Canada, France, Germany - Frankfurt, Hong Kong, Ireland, Italy, Netherlands, Singapore, Spain, Sweden, Switzerland, UK, USA|
|Broker-assisted trading||As above|
|Online minimum||min €19.6-45|
|Online details||A mix of tiers, flat fees, percentage commissions and frequent trader discounts that defies easy summary, but essentially Asia 0.085-1.1% (min €38-45), Canada, UK, USA 0.07-0.7% (min €19.6-28), Continental Europe 0.08-0.7% (min €22.4-28)|
|Broker-assisted minimum||Online rates plus €14-16|
|Broker-assisted details||Online rates plus €14-16|
|Standard account fees and inactivity fees||None|
|Custody charges for stocks||0.05% per quarter (min €15, max €150)|
|Corporate action charges||None|
|Currency conversion charges||No explicit commission and exchange rates reported to be close to interbank rates|
|Hold cash in foreign currencies||Yes|
|Currencies allowed||AUD, CAD, CHF, EUR, GBP, HKD, SEK, SGD, USD|
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