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05-23-2012, 11:47 AM
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#1
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Banned By Establishment
Join Date: Dec 2001
Location: GB
Posts: 4,407
Thanked 472 Times in 49 Posts
Failed 103 Times in 23 Posts
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Trading method
Hi all, I am sick of paying $30 for trades with TD Waterhouse.
I want some input as to what discount brokerages in Canada you have had success with.
I thought e*trade would work, but it seems to only work for A'mericans. lol.
TIA!
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05-24-2012, 09:47 PM
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#2
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HELP ME PLS!!!
Join Date: Sep 2001
Location: Vancouver
Posts: 5,554
Thanked 63 Times in 26 Posts
Failed 0 Times in 0 Posts
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I use quest trade and its not bad. Trades are between 4.95 to 9.95
Questrade Canadian Discount Broker | Online Stock Trading | Education
Can take maybe up to 2 weeks to setup an account though. They have to verify your identify by asking your old financials. I failed mine since I just dont remember details from years ago and had to print out a form, sign and send it over to TO. I think they have a office in metro tower where you can go and just drop off your paperwork as well during office hours.
Since quest trade isnt tied to your bank, you will have to transfer your money over to them. Which usually takes 2 full business days. With TD, its pretty much instant / or the next day.
They are also starting in the fall a inactivity fee if you have under 5000$ in combined equity in all accounts. If you don't make at least 1 trade that month, you get charged 10$ fee.
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05-25-2012, 03:27 PM
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#3
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RS has made me the bitter person i am today!
Join Date: Apr 2002
Location: In your head
Posts: 4,591
Thanked 376 Times in 176 Posts
Failed 11 Times in 9 Posts
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Quote:
Originally Posted by W2K
I use quest trade and its not bad. Trades are between 4.95 to 9.95
Questrade Canadian Discount Broker | Online Stock Trading | Education
Can take maybe up to 2 weeks to setup an account though. They have to verify your identify by asking your old financials. I failed mine since I just dont remember details from years ago and had to print out a form, sign and send it over to TO. I think they have a office in metro tower where you can go and just drop off your paperwork as well during office hours.
Since quest trade isnt tied to your bank, you will have to transfer your money over to them. Which usually takes 2 full business days. With TD, its pretty much instant / or the next day.
They are also starting in the fall a inactivity fee if you have under 5000$ in combined equity in all accounts. If you don't make at least 1 trade that month, you get charged 10$ fee. |
Questrade effing blows. They'll work fine for months and out of no where, will randomly fuck shit up. I transferred from my TSFA to my RRSP leaving a 0 balance in my TSFA. In their wisdom, they decided to suspend ALL my accounts. They kept telling me that it'd be fixed 'next business day'. Took them 2 weeks.
I also tried their new trading platform which sucked and was buggy. Wanted to transfer back.. whaddaya know, my account got locked again. Took them another week to resolve.
Oh, did I mention the response times for their stupid chat takes forever?
I switched over to BMO and have been happy with the service so far. Flat $10 trades. Most major banks offer those flat $10 trades now.
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07-11-2012, 11:22 AM
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#4
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I don't get it
Join Date: Feb 2011
Location: Hawaii
Posts: 432
Thanked 783 Times in 136 Posts
Failed 87 Times in 30 Posts
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I use Interactive brokers. USD 0.005 per share.
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07-21-2012, 03:47 PM
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#5
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RS.net, where our google ads make absolutely no sense!
Join Date: Mar 2011
Location: Richmond
Posts: 915
Thanked 693 Times in 227 Posts
Failed 68 Times in 25 Posts
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Quote:
Originally Posted by DaFonz
Questrade effing blows. They'll work fine for months and out of no where, will randomly fuck shit up. I transferred from my TSFA to my RRSP leaving a 0 balance in my TSFA. In their wisdom, they decided to suspend ALL my accounts. They kept telling me that it'd be fixed 'next business day'. Took them 2 weeks.
I also tried their new trading platform which sucked and was buggy. Wanted to transfer back.. whaddaya know, my account got locked again. Took them another week to resolve.
Oh, did I mention the response times for their stupid chat takes forever?
I switched over to BMO and have been happy with the service so far. Flat $10 trades. Most major banks offer those flat $10 trades now.
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To get 10 dollar trades, you need at least 50k in your combined family trading accounts and assets
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