TD Direct Investing International (Internaxx)

 

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.

Markets available
Online tradingAustralia, Belgium, Canada, France, Germany - Frankfurt, Hong Kong, Ireland, Italy, Netherlands, Singapore, Spain, Sweden, Switzerland, UK, USA
Broker-assisted tradingAs above
Dealing commissions and charges
Online minimummin €19.6-45
Online detailsA 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 minimumOnline rates plus €14-16
Broker-assisted detailsOnline rates plus €14-16
Other fees and charges
Account fees and inactivity feesNone
Custody charges0.05% per quarter (min €15, max €150)
Dividend chargesNone
Corporate action chargesNone
Currencies
Currency conversion chargesNo explicit commission and exchange rates reported to be close to interbank rates
Hold cash in foreign currenciesYes
Currencies allowedAUD, CAD, CHF, EUR, GBP, HKD, SEK, SGD, USD
Other details
Tax-advantaged accountsNone
Other products and servicesCFDs, fund supermarket, futures, FX,
Minimum account sizeNone
Company locationLuxembourg
Further informationVisit TD Direct Investing International (Internaxx) website

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 Posted by at 3:47 pm