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 mostly higher dealing commissions, but its currency conversion rates are better.
In addition to sharedealing, other services include an offshore fund supermarket featuring around 900 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 |
| Telephone trading | As above |
| Typical online | min €19.6-49.95 |
| Online details | Canada, UK, USA €14.95 (0.03% trades above €250,000); Belgium, France, Germany, Netherlands €29.95 (0.08% trades above €250,000); Others €49.95 (0.09% trades above €250,000) |
| Typical telephone | Online rates plus €20 |
| Telephone details | Online rates plus €20 |
| Account fees and inactivity fees | €45 per quarter if no trades; €25 per quarter if 1-11 trades in quarter; none if 12+ trades in quarter |
| Custody charges for stocks | None |
| Dividend charges | None |
| Corporate action charges | None |
| Currency conversion charges | Trades under £15,000 1%; £15,000-50,000 0.5%; £50,000-250,000 0.4%; £250,000+ 0.2% |
| Hold cash in foreign currencies | Yes |
| Currencies allowed | AUD, CAD, CHF, EUR, GBP, HKD, SEK, SGD, USD |
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