questrade is by far the cheapest, its basic platform is no frills and gives you all you need unless you are an active trader who's into more high tech trading platforms. they do however have more advanced platforms for active traders. the other drawback is that you can only trade north american markets as with most brokerages, there are alot of high yielding strong asian companies that have a great future listed on asian marketsI'm looking to start investing in some stocks for long term dividend growth. Minimal number of trades, probably a handful of purchases a year with dividend re-investing.
Any recommendations on which bank I should open an account with?
Thanks.
dude think about what your saying, you plan on making what a few longterm buys? how much glitz and glamour do you need. all you need to do is to be able to enter the stock quote, and the amount of shares you want to buy. go download their test platform and try it out for fun I urge you to do that questrade is great.Thanks.. I had not heard of them. I just did a quick search for reviews and they are almost universally extremely negative. I always expect some negative feedback but this much is a serious red flag.
Any other suggestions? Doesn't have to be the cheapest, I'm looking for quality, but without being super expensive either.
Thanks..
rip off, add another $15 for ecn fees when buying and selling your looking at double on average each transaction $35 to buy and sell. you shouldnt pay more than $10 commission a trade, ecn fees unfortunately cannot be avoided with anyone unless you place a limit orderTD. Waterhouse charges 19 per trade.
You're right, but I've read so many reviews that are damning. I'm not talking 2 of every ten, I'm talking 9 of every ten are screaming stay away. From what I'm reading they were excellent in the early days but are a shambles now. I cannot ignore such an overwhelming negative opinion base.dude think about what your saying, you plan on making what a few longterm buys? how much glitz and glamour do you need. all you need to do is to be able to enter the stock quote, and the amount of shares you want to buy. go download their test platform and try it out for fun I urge you to do that questrade is great.
Personally, I've never had trouble with Questrade. I use them for barebones investing/trading. If I needed help, I've waited long in the past. Having said that, I think you should check out QTrade, different from Questrade. They're based in Vancouver and each call was answered by a person when I've needed help. The credit unions refer many of their customers to them for brokerage needs.You're right, but I've read so many reviews that are damning. I'm not talking 2 of every ten, I'm talking 9 of every ten are screaming stay away. From what I'm reading they were excellent in the early days but are a shambles now. I cannot ignore such an overwhelming negative opinion base.
But I appreciate your feedback.
something tells me they had problems when they first came out, bc I have no idea how they get negative comments I have read bad reviews and they are years old. as a matter of fact they just upgraded their trading platforms this week, brand new and much better than the previous and the previous was good. now remember im using it not as an active daytrader who likes all the frills so I am only reccommending them as a guy who makes a few trades a month swing trading stocks. check it out for yourself, if you don;t its just stupid unless you enjoy paying double the commission.You're right, but I've read so many reviews that are damning. I'm not talking 2 of every ten, I'm talking 9 of every ten are screaming stay away. From what I'm reading they were excellent in the early days but are a shambles now. I cannot ignore such an overwhelming negative opinion base.
But I appreciate your feedback.
I don't wish to beat this to death, but there's no shortage of recent complaints for questrade. Take a look at the finance forum on red flag deals. Some of the stories are scary, like the guy who's money went "missing" for 8 months until they did an audit. To be fair, most of the people I've seen complaining are those that trade more often than I plan to. I'm obviously not looking to pay double the commission, but I don't have to have rock bottom either for a bit of piece of mind.something tells me they had problems when they first came out, bc I have no idea how they get negative comments I have read bad reviews and they are years old. as a matter of fact they just upgraded their trading platforms this week, brand new and much better than the previous and the previous was good. now remember im using it not as an active daytrader who likes all the frills so I am only reccommending them as a guy who makes a few trades a month swing trading stocks. check it out for yourself, if you don;t its just stupid unless you enjoy paying double the commission.
lol that reminds me of MF global. I bet they had good reviews..I don't wish to beat this to death, but there's no shortage of recent complaints for questrade. Take a look at the finance forum on red flag deals. Some of the stories are scary, like the guy who's money went "missing" for 8 months until they did an audit. To be fair, most of the people I've seen complaining are those that trade more often than I plan to. I'm obviously not looking to pay double the commission, but I don't have to have rock bottom either for a bit of piece of mind.
Based on what I'm reading, most of the people leaving questrade are going with Virtual Brokers. I will take a look into Qtrade too.
Thanks guys..
RBC is definitely safe. You might find a better deal at a smaller house, but why look to save $100/year just to have ALL YOUR FUNDS DISAPPEAR!!!!I use RBC Direct Investing. Customer Service is excellent like many reviews say. If your account is large enough trades drop to $9.95 each. Infrequent traders making large trades might be losing 10 basis points or less on each trade at that price.
The smaller places are insured the same as the bigger ones..RBC is definitely safe. You might find a better deal at a smaller house, but why look to save $100/year just to have ALL YOUR FUNDS DISAPPEAR!!!!
It will take years to get your money back through the insurance program. You don't want to go down that path.The smaller places are insured the same as the bigger ones..