So you want to start investing/trading but you don’t know where to set up your account. Your initial instinct is to go to your bank… but then you remember that for years they have been charging you a $4/month banking fee just so they can hold and make money off your money!!!
I thought it would be valuable to do a quick and dirty comparison of some of costs/fees of each of the platforms (that I know of) that are available in Canada at this time.
Questrade, Scotia I-Trade, TD Waterhouse, RBC Direct Investing, CIBC Investors Edge, & BMO Investor Line.
STOCK & OPTION TRADING FEES! (Click chart to enlarge!)
I thought it would be valuable to do a quick and dirty comparison of some of costs/fees of each of the platforms (that I know of) that are available in Canada at this time.
Questrade, Scotia I-Trade, TD Waterhouse, RBC Direct Investing, CIBC Investors Edge, & BMO Investor Line.
STOCK & OPTION TRADING FEES! (Click chart to enlarge!)
OTHER FEES (Click chart to enlarge)
Also check out this article from The Globe And Mail. It looks at The best online brokerages -- and the worst
http://www.theglobeandmail.com/globe-investor/2010-online-broker-rankings/the-best-online-brokerages----and-the-worst/article1792333/
Knowing pays!
- Steve -
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