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14y ago

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What are some good cheap online discount brokers in Canada?

Most of the major Canadian online brokers charge very similar fees (why am I not surprised!) For example the TD-Waterhouse minimum trade is $29.00, which I find too expensive. There seem to be two alternatives - "Questrade" and "Canadian Interactive Brokers". The basic web-based platforms of these two appear cheaper than the other major players like TD-Waterhouse, Disnat-Direct, E-Trade, BMO, CIBC, etc. Of the two, CIB is probably slightly cheaper, but the Questrade web-site seems easiest to understand and their fee-structure is simpler. A minimum trade costs about $20.00 ($17.95 + other fees). For stocks over $3.00 this flat fee applies for up to 5,000 shares, which is way better than most of the others. Either way, these two online brokers appear to be the best value for money. I agree with the above information, however, while the major Canadian banks charge around Cdn.$29.00 per trade, you have to ask yourself a few questions. a. Who do you want to trust to hold your money and stocks; a discount broker or an established bank? b. If you plan to be an active trader i.e. up to 30-40 trades over a three month period, the banks offer rates in the $10.00 dollar range. i.e. Action Direct (Royal). c. If you plan to be a buy and hold investor, frankly, I would stick with the bank of you choice, that you feel confident with. Simply check out all the banks and discount brokers and examine their rates. Good luck, G I have a Questrade brokerage account and my per trade costs are $4.95 minimum and a penny a share thereafter up to $9.95 per trade. As for trust, I prefer dealing with my online broker than with a (gouging) established bank. Stoney


Related Questions

What is the swift code for bank cib inegypt?

the swift code for Commercial International Bank (Egypt) S.A.E is : CIBEEGCX001 I know that it differ from branch to branch also, for example, Meryland branch is: CIBEEGCX(031) El shams branch is: CIBEEGCX(024) El Mohandseen branch (Gamaat El Dowal) is : CIBEEGCX004


What is swift code for bbva bancomer nochixtlan oaxaca Mexico?

SWIFT code is translated as: Código internacional de identificación bancaria (CIB)


When was CIB Bank created?

CIB Bank was created in 1979.


What is the airport code for Catalina Airport?

The airport code for Catalina Airport is CIB.


Which business is not based in the CIB Division of Standard Bank?

which business is not based in the CIB division of standard bank? A)GLOBAL MARKETS B)TRANSACTIONAL PRODUCTS AND SERVICES C)VEHICLE AND ASSET FINANCE FINANCE D)DEBT CAPITAL MARKETS


What is the population of BNP Paribas CIB?

BNP Paribas CIB's population is 17,000.


Is Nitro Benzene CIB registered in Agriculture use?

No. Up to now it is not registered in CIB.


When was BNP Paribas CIB created?

BNP Paribas CIB was created on 2000-05-23.


What kind of a career could a person have at CIB in Egypt?

A career that someone is likely to have at the Commercial International Bank Center in Egypt would be related to finances and bank work. There is currently no work available, however.


What is the market cap for BanColombia SA CIB?

As of July 2014, the market cap for BanColombia S.A. (CIB) is $8,007,459,014.64.


What is the swift number of the Commercial International Bank in Cairo in Egypt?

There are lots of branches of this bank in Cairo, here is a sample of some and their BIC codes: CIBEEGCX058 COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E. (INTERCONTINENTAL BRANCH) CAIRO CIBEEGCX059 COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E. (ASSUIT BRANCH) CAIRO CIBEEGCX060 COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E. (KASR EL NIL BRANCH) CAIRO CIBEEGCX062 COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E. (MIN.OF FOREIGN AFFAIRS) CAIRO CIBEEGCX067 COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E. (SHOUBRA BRANCH ) CAIRO CIBEEGCX072 COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E. (ABASSIA BRANCH) CAIRO To see them all you should go to the SWIFT BIC Search page: http://www.swift.com/biconline and enter "CIB" in the BIC Search field.


Is the cib above the airborne wings on acu's?

Yes. The CIB and CAB are Category 1 badges - nothing is worn above them.