ETF Investors: Internaxx’s Brokerage Has NOT Raised Your Fees

At the beginning of December, Internaxx sent an email to its investors. 

Before long, my inbox filled with questions of concern:  Why is Internaxx increasing our fees?

Internaxx (formerly TD Direct International) is a popular brokerage among expatriates. 

Fortunately, they haven’t increased fees for ETF investors. 

Here’s what the email said:

“From 1st January 2018, we’ll also be changing our fund pricing to make it more transparent. We’ll charge a quarterly fund administration fee of 0.1%…

ETF Investors are concerned, believing this would amount to an annual account fee of 0.4 percent per year.  But this isn’t the case.

Internaxx isn’t changing its fee structure for investors who hold ETFs or individual stocks. 

When Internaxx refers to “funds” the company is referring to mutual funds (unit trusts) but not ETFs (exchange-traded funds) or stocks.

 So, breathe easily, ETF investors: Internaxx is not planning to make your investing more expensive.





Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I’m happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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