Hi,

Which online brokerage account is being used by fellowCD's for trading stocks or options in Canada?

All banks have their own brokerage branch and also we have Etrade but their commission rates are too high if one is doing less trading. They may be good for active traders.

Does anyone know about reliable , inexpensive online brokerage account for trading in Canada? Do folks use brokerage accounts from U.S?

Has anyone heard of Interactive Brokers and if yes, any feedback about them?

Thanks

Hi,

Been using IB since 2000. Very good in terms of pricing. The platform is not very user friendly though. Trading through the Canadian entity is much more expensive than via the US entity.

You might want to check out Think or Swim Canada. Very good user platform and tools, though more expensive than IB - but cheaper than Questrade.

Rgds,

newboyo

Try Questrade. Pretty good customer service, GTA based operations. They have a $4.95 commission plan and it's the only one that allows you to hold and trade in USD funds.

The other option is Tradefreedom. Its 9.95 for any trade and their forex spread is very low. However, their customer service is not upto the notch and with Questrade reducing their commissions and offering the USD RRSP, I don't see any reason to be with TradeFreedom.

PS: If you open a Questrade account with a referral, you can get $50 in free trades and the friend gets $100 in free trades. Send me a PM if you are interested This is not a solicitation. Just trying to help fellow CDs and help myself in the process

I am thinking of opening an online trading account.

Questrade seems to be good with 0.01¢, but could not understand other fees including data access fees, exchange & ECN charges. It would be good if someone can throw some light on these fees & how are they charged. Also this plan is not good for me as I would also like to trade in some penny shares at some point of time which would be costly for me with 0.01¢ per share.

CIBC Investor Edge account looks to be good with simple & straight forward charges of $395 per year with 50 trades free. An additional $60 administrative fee is also charged on this account (if assets are less than $10000).

Can somebody having a CIBC Investor Edge account share their experience ??? Are there any other fees applicable ??? How is the online streaming system with CIBC ????

Are there any good options other than CIBC or Questrade available ???? I don’t want to go with IB as there is a minimum $10000 balance requirement.

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i..........rock........!!!!!

As far as I know, ETrade and TD waterhouse are very good.
Etrade is $6.99 a trade (irrespective of the quanity) and I belive TD waterhouse is also the same rate. However in TD waterhouse, no matter how many trades you make of the same share in a day , you will be charged for just one trade (1 for buying and 1 for selling). No idea if it still exists as I used it 2 years ago (when the rate was $15.99 a trade).
Etrade has no hassles as far as I know and the rate is cheap. They also have 100 trades free option (may be there is some fine print for it).
Hope this helps

Peace

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I am a Gents and not a Ladies.

Quote:

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Originally posted by tamilkuravan
As far as I know, ETrade and TD waterhouse are very good.
Etrade is $6.99 a trade (irrespective of the quanity) and I belive TD waterhouse is also the same rate.

Etrade has no hassles as far as I know and the rate is cheap. They also have 100 trades free option (may be there is some fine print for it).

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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"

hi,

thought this could be relevant to all interested.



http://www.reportonbusiness.com/servlet/story/LAC.20081025.RREPORTCARD25/TPStory//?pageRequested=all

cheers....