This comparison is intended to show in one place, all the important information that someone who is looking for a discount brokerage would want to know trading commissions, account fees etc. There are also links to more detailed individual brokerage reviews. New to online investing? Learn how to buy an ETF or stock using a discount brokerage step by step canada. As to how much you need in assets to negotiate try it and find out for yourself. Here are some suggested negotiation areas: It would be nice to be able to put all the data onto a table for easy reference, but unfortunately nothing is that simple. There are so many conditional fees that I ended up putting some information on the table and also created a detail section for each brokerage below the table. Alternatively look for fields with links and click on them for more information. If you click on that link, you will then be taken to the detailed trade commissions for Scotia iTrade where you can read how to qualify for the different trade commissions. Click on the brokerage name to see the review. At this time, there are only a few completed, but I will be publishing more in the coming weeks. Please do not copy and broker the information in the tables to other websites. You are welcome to link to this page Please do not copy and paste the information in canada tables to other websites. You are welcome to link to this page. I think around several minutes. Beginners are likely to have more problems, especially when it comes to transferring between brokers. Curious, do any of the online trading companies listed in your article include access to purchasing the stocks found on the Austrulian Stock Exchange? If anyone offers that sort of thing, they will. Seashells what is the new rate? Hey Mike great post. I am very excited and scared to start self directed investing. I am at the point where I have an a small amount of money I am willing to risk and looking for a discount brokerage to start off with. I am however a rookie and canada know about the companies I want to buy stock with but know nothing about the actual purchase of said stock ie which markets I can buy from etc. Is there a good brokerage for dummies like me? Jayisnew Questrade is best for small investors because of the fees. In your case, you need to spend some time learning first. I am looking to trade on less mainstream exchanges for international trading. A brokerage like RBC Direct Invest is very limited. What is my best option? Also, safety of funds is my biggest concern. Places like RBC and TD seem the most safe. Any comments on the security of the smaller operations? Now QTrade is best by far. I use to have TDW for the e-funds, but commission free ETF trading beats e-funds no 90 day penalty. I then had Scotia for the bond a buck and commission free ETF. Do the brokerages engage in hypothecation and re-hypothecation of the clients assets, if so what are their policies in this regard? I am a foreigner looking for a brokerage where I can trade the Canadian stock exchange in the name of a trust. Any information you can help with would be most appreciated. I learned the hard way that you have to read the rules very carefully and some of the selection boxes are very confusing. I had trouble with Scotia i-trade since it was e-trade but it is getting worse. I had most of my money with Scotia McLeod, the fees were high but I had confidence in them. I am going to try some of the others to see which one suites me. I learned never to have US and Canadian accounts with the same brokerage. One of the statements gives them the right to move money and charge the exchange fees even if you have funds in the same currency. At Scotia one can put money into a government bond based ETF with no fee, but of course the value of the ETF is not guaranteed. As pointed out, researching all this information for the various brokerages is tedious. Just wondering if you have looked into whether any of Discount Brokerages offer RDSPs? I know TD Waterhouse does, but I think they are alone in that. Anyway great job laying out the comparison, very helpful Thanks Mike for your comparison. I would love to read more about how do people like the different trading platforms. I tried Quest Trade and did not like it. Does anybody have a comparison of platform fees? Scotia ITrade are introducing minimum account balances and annual fees for registered accounts. I did a lot of research and find them to be the best priced online trading firm in Canada. Bill: I confirm your comments on Scotia itrade fees. Has anyone used Credential Direct? Welcome comments on this idea Dark Helmet The article was written a couple of canada ago, but as the title suggests I try to keep it up to date with regular updates. Less than that amount means very high commissions at the bank brokerages. So far, VB has been an absolutely horrible experience. Most of the staff is incompetent. Phone wait times are huge. The trading platforms are messy, and some give you incorrect or incomplete information. The statements are bad. Trade rejections are commonplace, broker they never tell you why. Their site is confusing and totally bewildering with 3 different plattforms. Takes forever to connect with someone on phone. I trade options strictly as stock substitutes exclusively employing puts and calls. Anyone have a suggestion for a better alternative? Been with Virtual Brokers since the takeover of OptionsXpress. I am mostly an income investor. Dividends arrive several weeks late, if at all. Requests to transfer funds to bank are ignored. It appears that once they have your money, they will never let you have it back! Also, be careful with DRIP plans, Virtual Brokers, Questrade, and some others have their own in-house plan. You will not be eligible to receive discounted re-investments or enhanced dividends offered by many companies. Kevin is spot on about Virtual Brokers. Your application will fall into a Black Hole. Does anyone knows which brokerage firms provide capital gains report for transactions? I am currently with Questrade but only get a summary of transactions. I have heard some of the big banks offer complete capital gains reporting, is it only for high net worth trading I have the same questions as Karen O. I have an account with Qtrade. My wife is RBC Direct. I was previously with questrade but left after seven different technical errors on their system cancelled my trades. Questrade is actually rated the lowest in the country in terms of customer trading but people are attracted by their low prices Great reference site. Thank you for taking the time to keep the info current. F YIin FebMorningstar web site ran an article on fees. One of the items mentioned was the ability to have some brokerages reduce or eliminate their additional currency exchange in house fees when you buy U. Stocks with Canadian dollars. Dollar with another U. Can you clarify this process? Can anyone suggest if any on these online brokers are good, VB and Optionshouse. Which one would you recommend with low fees, etc. I read the comments about VB, which maybe outdated. Just wondering if VB broker still bad when it comes to customer service, support, etc. Trailing stop by pourcentage is the best tool by far in the kind of market we have right now. They only have stop loss at a fix price and you have to renew it every days. They told me that its the Canadian law that made the stop loss temporary. It seems most reviews of Online Brokerages focus on cots items, fees per trade, account admin fees, etc. Anyone found a good source of research and comparatives on factors such as best TDW had a messy best of doing it for registered accounts. Things happen very slowly at big banks in Canada. For example, TD website and features are from 90s. They need to wake up and take the step to get into 21st century! I did some research and it is going to be hard to find one so my next question is since I have an account with CIBC bank and I have already invested in some mutual funds through them how good or bad idea would be for me to stay with only mutual funds since I do not dispose with huge amount of money. Also there is solution for me to go with CIBC Investors Discount Brokerage but regarding to the post above they have higher fees and I am not sure should I even open account with them. Hello I think we should start talking about Suretrader as well. They probably have the best broker to short along with IB for active trader that trades smallcaps on NASDAQ and AMEX. Unlike other broker that clear their own stuff, they clear through ETC. Stay as far away from VB as possible. These guys are the worst! I wanted to buy a specific MF and I contacted them about it before signing up. They said it was available. Worst experience ever! Nov As a beginner trader searching for a desktop trading platform to use I have been testing out a few out before committing. Before that I tried Questrade. My comments so far are if you like simplicity and execution speed then go with IB. It can be overwhelming and does take a bit of a learning curve to master. Questrade falls somewhere trading the two. I will be looking in to doing a Suretrader demo next. I certainly hope people will use their discretion on that idea. Two more on my canada are Speedtrader and Centerpoint Securities. The latter being touted the best for shorting borrows of any platform out there but the highest to begin trading with. Of course with all of these platforms depending on the number of trades you will be doing affects the price of commissions. The more trades one performs the less commission price one pays. If anyone has used or is using any of these platforms please feel free to provide your comments. All rights reserved, unless otherwise noted. No content on this site may be reused in any fashion without written permission from Money Smarts Blog RESP Rules TFSA Rules Subscribe Money Smarts Blog Investing and Personal Finance Canadian Online Discount Stock Brokerage Comparison by Best Holman Canadian Online Discount Stock Brokerage Comparison This comparison is intended to show in one place, all the important information that someone who is looking for a discount brokerage would want to know trading commissions, account fees etc. Most of the time, investors with large balances can get the fees waived, but smaller investors should look for an account with no fees New to online investing? Ask for them now. At this time, there are only a few completed, but I will be publishing more in the coming weeks Please do not copy and paste the information in the tables to other websites. This includes any CIBC products including bank accounts, mortgages. Tweet Want to learn more about RESPs? Beginners are likely to have more problems, especially when it comes to transferring between brokers Curious, do any of the online trading best listed in your article include access to purchasing the stocks found on the Austrulian Stock Exchange? If anyone offers that sort of thing, they will Options Express now have cheaper rates best the number of trades per quarter is broker 9! You might want to consider investing with TD e-funds until you have more money I am looking to trade on less mainstream exchanges for international trading. Scotia iTrade increasing fees effective April Now QTrade is best by far. Any information you can help with would be most appreciated I learned the hard way that you have to read the rules very carefully and some of the selection boxes are very confusing. As pointed out, researching all this information for the various brokerages is tedious Just wondering if you have looked into whether any of Discount Brokerages offer RDSPs? Anyway great job laying out the comparison, very helpful You should include platform fees in your comparison! Thanks Mike for your comparison. I tried Quest Trade and did not like it Does anybody trading a comparison of platform fees? Two questions for the group Any idea trading this article was written? Less than that amount means very high commissions at the bank brokerages OX Canada shut down effective early December. You will not be eligible to receive discounted re-investments or enhanced dividends offered by many companies Kevin is spot on about Virtual Brokers. My wife is RBC Direct I was previously with questrade but left after seven different technical errors on their system cancelled my trades. Thank you Hello I think we should start talking about Suretrader as well. Unlike other broker that clear their own stuff, they clear through ETC Stay as far away from VB as possible. All rights reserved, unless otherwise noted No content on this site may be reused in any fashion without written permission from Money Smarts Blog Money Smarts Blog Privacy Policy Questrade TD Waterhouse BMO InvestorLine RBC Direct Scotia iTrade ShareOwner Questrade TD Waterhouse BMO InvestorLine RBC Direct Scotia iTrade ShareOwner The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs See it on Amazon now.
The conclusion of the dissertation was that all investigated factors had some importance forchoice of brand, while quality had a greater effect on brand choice than brand awareness.Further, there was no difference in buying behaviour between the cultures.
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The conclusion of the dissertation was that all investigated factors had some importance forchoice of brand, while quality had a greater effect on brand choice than brand awareness.Further, there was no difference in buying behaviour between the cultures.
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