less trading commission for stocks ?


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ihpatel   
Member since: Dec 03
Posts: 132
Location: Scarborough

Post ID: #PID Posted on: 29-08-11 14:57:12

Hi

Whenever buy/sell share, which bank charge less commission or any good deal ???

Like TD charge $29 commission...

Thank you for your time...



jigz787   
Member since: Aug 04
Posts: 773
Location: Toronto

Post ID: #PID Posted on: 29-08-11 15:15:22

Questrade beats TD, Scotia, RBC etc etc...
Also look into Interactive brokers.



ashedfc   
Member since: Jun 10
Posts: 2153
Location: GTA

Post ID: #PID Posted on: 29-08-11 15:22:35

If your trading volume is less than "Interactive brokers"... their minimum is $1, it gives you better pricing capacity, & you don't have to place a larger order at a time. You can trade in smaller amounts: like 200 shares on US exchange is only $1/trade



DRM   
Member since: Jan 13
Posts: 5
Location:

Post ID: #PID Posted on: 04-03-13 22:54:41

do you guys have any reviews on questrade?

Also, how does it work? do i have to open a cash account and a trading account with them? or can i connect by TFSA at on of the big banks to questrade?

Thanks,



jigz787   
Member since: Aug 04
Posts: 773
Location: Toronto

Post ID: #PID Posted on: 05-03-13 07:47:04

Quote:
Originally posted by DRM

do you guys have any reviews on questrade?

Also, how does it work? do i have to open a cash account and a trading account with them? or can i connect by TFSA at on of the big banks to questrade?

Thanks,


No cash account needed. You deposit funds directly into trading account. Norml trading account is called margin account. You can also open TFSA and trade from TFSA without paying tax but they don' pay interest. Its more like Tax Free Trading Account.



DRM   
Member since: Jan 13
Posts: 5
Location:

Post ID: #PID Posted on: 05-03-13 12:27:08

I am new to buying stocks in canada. I am also trying to start slow ( i would probably be doing 10 trades in a month avg) and also would like to be a buy and keep kind of a guy.

What account would you suggest?

Also, say I have 2000 dollars in TFSA and I use 1500 to buy stocks. If there is an interest of about 1.25% would that be on the 2000 (500 + 1500) or would it be only on the 500?

thanks,



dimple2001   
Member since: Apr 04
Posts: 2873
Location: Western Hemisphere

Post ID: #PID Posted on: 05-03-13 17:41:46

Quote:
Originally posted by DRM

I am new to buying stocks in canada. I am also trying to start slow ( i would probably be doing 10 trades in a month avg) and also would like to be a buy and keep kind of a guy.

What account would you suggest?

Also, say I have 2000 dollars in TFSA and I use 1500 to buy stocks. If there is an interest of about 1.25% would that be on the 2000 (500 + 1500) or would it be only on the 500?

thanks,



Interest is paid on the cash balance, not on the money invested in stocks. So, it will be $500.


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Dimple2001




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