Westgold Resources Ord Shs WGXRF

Foreign Transaction Fee

[goldenrob]

I was bottom fishing WGXRF, as it seems to be a great buy at this price, when my usual Schwab account said there was this FTF of $50.00 to initiate this trade.  I thought this was a normal U S OTC trade and not necessarily a foreign market.  This seemed rather unfair so I cancelled my order.  I wonder how many times this happened to others with the same result.  This is not going to help the share price.  Is this going to reconcile on the 23rd of this month with a somewhat new listing on the ASX 200?  Has anyone else run into this situation?

[MaterialsMan]

I do recall something about a new fee being added for foreign transactions. If memory serves me, it also said it applied only to purchases facilitated on a foreign exchange. Not foreign stocks with a U.S. listing. At the time, since I don't trade on foreign exchanges, I didn't delve into it. Not sure if this fee applies to buying stock on the Canadian exchange if it's a U.S. account

[amishelvis]

You are correct,, I just saw the $50 schwab charge yesterday. I'm currently away from good phone reception but will call them about in a month about that question and a few other questions.