Does anyone trade online?

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Fortunato

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Back Burner said:

Any suggestions would be appreciated.


PM if you like


Thanks

Back Burner
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One man's opinion:

Most of the bank owned discount brokerage aren't that bad, and there is the potential for the added convenience of having banking and securities accounts under one roof... BMO (Investorline) is probably my favourite because of their deeper offering of fixed income product on-line... TD (Waterhouse) and Royal (Action Direct) are good as well. For equity trades, they are all comparable and I've never had any problems with fills....

Never tried e*trade or CIBC, but I'd suggest that you stay away from Scotia (ScotiaLine)... missed trades, aministrative errors galore, horrible service.... They used to be the cheapest, but in the end it just wasn't worth it.

Best regards,

F.
 
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Cruise

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you asked the right person.
there is etrade, detak

they are better than banks. because they are specialized for online trading. and u get a first time 1000$ from etrade if u sign up.
 
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sweet guy

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My preference is TD Waterhouse. You get more Research on individual stocks.

Otherwise, stick with BMO.

Don't sign up to CIBC Imperial Service/Investor edge or Royal Bank Action Direct. The on-line trade commission is expensive for either one, more than $30 plus per trade on average. Investor Edge is cheaper, maybe around $29 ($25 in the past).

For international flavour, try HSBC Investdirect. They have exclusive Merrill Lynch stock reports, plus S&P and Argus, like those you may find at TD Waterhouse. The Investdirect does not have Zacks.
 
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sweet guy

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Cruise said:
you asked the right person.
there is etrade, detak

they are better than banks. because they are specialized for online trading. and u get a first time 1000$ from etrade if u sign up.
Click to expand...
Etrade is basically for day-traders.

BTW, the commission both online and by phone are essentially price-gouging since you get way better deal for the same service at the States. You don't have to pay this kind of commission at Schwarb or Ameritrade.
 
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Ginglay

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I use TD Waterhouse for my RRSPs. TD charges a $29 flat rate for pretty much all trades.

For non-RRSP money I use AmeriTrade Canada. They charge a flat rate of $10.99US. They also have some very nice realtime tools that I wish canadian brokers provided.
 
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Dcoat

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I've just bought Zack's premium. It has a long probation period with a full money-back option.

Have any of you used Zack's, and what do you have to say about it.

Is there a good enough way to use it without paying for it?
 
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Phil C. McNasty

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Trading stocks, commodities, futures....etc is what I do everyday.

Other options besides E-Trade are your regular banks.
I have 3 trading accounts with Royal Bank, Bank of Montreal, and TD Canada Trust.
I find that way it's easier to move money from bank accounts to trading accounts

EDIT: Holy shit I just realized this thread is from 2003 😂
 
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Ponderling

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It is kind of fun to recall how life with online accounts was 20 years ago.
Yes I recall the $30 trade commissions.
I have been holding DIY online accounts for more than 25 years at Itrade.
I am more of a buy and hold sort. Certainly not a day trader.
 
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jeff2

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Ponderling said:
It is kind of fun to recall how life with online accounts was 20 years ago.
Yes I recall the $30 trade commissions.
I have been holding DIY online accounts for more than 25 years at Itrade.
I am more of a buy and hold sort. Certainly not a day trader.
Click to expand...
I believe they got rid of the 30 per cent foreign content limit in RRSPs somewhere around 25 years ago. But they did not have USD RRSP accounts. And no TFSA back then.
I remember putting some of my mom's money in TIPS 35(first ETF in the world ). The bank did not like it(because they don't make any money except for the buy and sell).
Then U.S. ETFs came out and the industry and/or government tried to ban them.
 
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Ceiling Cat

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Back Burner said:
Does anyone trade online?
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Mostly all trades are done online these days. I believe that there are still services that allow people to trade by phone, but these services are mostly for old ladies that do not know about computers and the internet and it will cost you $50 a trade for the human interaction. If you trade once in a while then a regular commissioned broker is OK. There are commission free brokerages like Wealth simple, Questrade, National Bank and Desjardin that are commission free for people that trade often like I do. sometimes I buy and sell the stock the same day.
 
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xix

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I use to trade. One co-worker I think he had a 1.5% fee charge, we calculated, my 29.00 was more expensive. BMO.

I suggest the FEES is where they could get you. IF less than $1000.00 trade, ask yourself what is a better fee the percent or flat fee of 30 buy / sell ( 60 ) plus extra commission -BMO.
 
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Ponderling

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I dont mind paying $10 a trade.
Makes you stop and think a tiny bit about not trading too often.
I just finished a semi annual rebalance and triggering of non registered acct capital gains up to where I bring my retired wifes income to about 70K.
There will never be a lower tax rate for her, until CPP and OAS and RRIF start.

We hold about 80 individual stocks, most CDN, some US
Then etf's for canadian and us bonds, us index fund , us tech fund , international stocks.
spread across my and my wifes RRSP, LIRA, TFSa and non registered.
 
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