Best ONLINE trading site

[snoop101]

Originally posted by Irae
www.questrade.ca

Bastard. I wanted to refer him... lol

Ya I been using Questrade for about 3 years now. Best out there.

[kaput]

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[The_Rural_Juror]

What do you guys get for questrade referrals?

[Danny Meehan]

interactive brokers

[e36bmw///]

nm

[ExtraSlow]

Been using credential direct. it's rated very highly.
I've been happy with it.

[Feruk]

I use Q-Trade. They advertise it as being rated the #1 trading site in Canada three years (?) in a row. In my opinion average priced trades, ok layout, below average research, and mostly decent but at times space-case customer service.

The nice thing is about Q-Trade is I pay $0/year fee for a self-directed RRSP while other banks charge $100+/year fee. If you're looking for opening a self-directed RRSP and are ok with doing your research elsewhere, Q-Trade might be worth a look.

[ExtraSlow]

Yeah, you don't want an annual fee for your accounts, regardless of what type.

[snoop101]

Questrade is the best by far. You have web based platforms or app based for day trading. Fee's are dirt cheap. Service is awesome to. I used the live chat system and its way better then waiting on the phone for someone.

[jonnycat]

Originally posted by e36bmw///
4.95 is nice but still. you can only buy 495 stocks then its 9.95 maxim.
when you buy etfs, its not a good deal

with cibc, you buy a trade package ($395). can be pro rated. So half if you buy in june. Its for 50 trades, then for every trade after its 6.90

no minimum balance. and you can buy as many stocks as you want

Are you charged the $395 every year?

[davidI]

Originally posted by Danny Meehan
interactive brokers

+1

Takes a bit to set-up but it's super low cost (unless you're buying penny stocks)

[Darragh]

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[davidI]

^ Your Spam doesn't even make sense. Jackass.

[mr2mike]

I'll post it again...
http://www.milliondollarjourney.com/...brokerages.htm

Good chart on the options for brokerages.

Also the site has some great info and it's all Canadian info too on taxes, etc.
Might be a little late for Jordan but I couldn't find a site called the MULTImillionDollarJourney.

[bg_27]

If you are doing lots of trades and already have a TDW account, look into their Active Trader Platform, and if you qualify for Active Trader you probably already have $7 trades. Advantage with staying with TD, is that its easy to move your money around your accounts.

Depends on the volume or dollar amount you trade, Interactive Brokers can be a rip off for just pure stocks compared to $7 flat trades.

[Criticull]

Does questrade have a forex platform?

[KleanCord]

Questrade does have a forex platform. I haven't looked into it though so I couldn't tell you any specifics.

I use Questrade for my TFSA and Scotiaitrade for my regular account. If I don't qualify for my 9.99 fee this next quarter (at least 30 trades a quarter), then I might just take all my stuff out and put it into Questrade.

IB only problem is buying and selling in full lots. This doesn't have to be a big problem but I am not going to be buying 100 shares of BIDU to trade with any time soon. Not to mention if I want to leverage up or if you are someone that likes to average down, I would think being forced into 100 lots would make those odd cases difficult.

I still like itrades platform better and if you do over 30 trades a quarter you get a Thompson Reuters Java terminal for free. It has it perks but after a year of using this stuff I think that trying to out speed the market and reading level II quotes just adds confusion.

Scotia does have nice execution though. Sometimes you will get a better price when buying/selling at the market than the real time quote suggests. But the jump up to $20 per trade I think is a bit much.

One thing to keep in mind is when looking at Questrade they have a lot of hidden fees that I still have not fully looked into. So make sure you aren't looking for something in particular (like Level II Venture quotes), since it will be an added cost if you don't trade a certain amount each month.

[Seanith]

Is it possible to get some more discussion on this?

Currently I use my RBC direct investments for mutual funds since its free. Their $29 stock trades are fucking ridiculous though.

I just want to know if questrade is preferable over Qtrade?

I probably myself wouldn't start off with more than $1000-2000 and don't see myself making frequent trades (at least right away). Qtrade seems to have a long fee schedule. I haven't done enough research into Questrade.

I'm a n00b still with investing so any guidance would be great.

[kaput]

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[Euro_Trash]

I have a TD waterhouse account for my active trading (longer term stuff is through a broker) and have no complaints. It's nice to be able to transfer money between accounts. $9.95 per trade