Online trading fees
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Posted: Saturday Apr 8 7:12:00AM 2006
OK Thanks for your inputs, I work overseas and will be back in Canada end of April,I will check these out. What are some thoughts on GPX ? They have even bought a drilling rig that is being built so they can get there work done. They seem on the right track P/E wise. I have been looking at Titan Exploration which trades double of GPX and I think GPX has as much upside as TTN.
Posted: Friday Apr 7 7:16:07PM 2006
TradeFreedom is #1.
Any challenge welcome...
I will even provide frre trades and support for active traders...
Posted: Friday Apr 7 3:13:13PM 2006
BMO InvestorLine Rounds Out Offering with New Program for Active Traders
Provides investors who trade 30 times or more per quarter with enhanced online services and lower rates
TORONTO, March 29, 2006 – BMO InvestorLine today announced that it is enhancing its offering for active traders and will be launching a new Active Trader Program that includes lower commission rates and more online services.
"BMO InvestorLine has been committed to helping investors achieve success, with a focus on servicing the needs of long-term investors through a guided investing approach, said Connie Stefankiewicz, President and CEO of BMO InvestorLine. "While we’ll always focus on the total portfolio needs of these investors, who make up the majority of our client base, we recognize that we must also continue to address the unique needs of our active trader clients."
As of July 1, 2006, BMO InvestorLine clients who execute 30 trades or more per quarter through electronic channels (online or over the phone via the Automated Telephone Trading service) will pay $9.95 per trade. In addition, they will have access to an extensive online service package that includes:
Level II quotes – real-time quotes of the bid and ask price that show the depth of the market
Real-time quotes – immediate access to real-time trading information throughout the site
Streaming quotes – real-time dynamic market data for portfolios as the market changes
Real-time charting – real-time charts showing market movements and trends
Over the past few months, BMO InvestorLine surveyed its active trader clients to find out what is important to them and what services they need to be successful.
"Our active trader clients told us that it’s not just about price – they want specific products and services, fast and efficient access, in addition to competitive pricing," said Stefankiewicz. "We already have one of the fastest websites in the industry and the new commission rates and enhanced online service package for active traders addresses their needs and reflects BMO InvestorLine’s commitment to help all of our clients be more successful investors."
The new commission rates as of July 1, 2006 for active traders who make 30 trades or more per quarter through electronic channels are as follows:
$9.95 flat rate on US Equities
$9.95 flat rate on Canadian Equities with share price of $0.99 or less
$9.95 flat rate on Canadian Equities with share price of $1 or more, up to 1,000 shares
$0.01 / share on Canadian Equities with share price of $1 or more, and greater than 1,000 shares
$9.95 + $1.25 per contract for Options
Clients will qualify for these rates based on trading activities in their accounts over the previous three months.
BMO InvestorLine’s clients with long-term investing needs will continue to receive the full guided investing experience, which includes all the tools and services they need to effectively plan, select and manage their investments, with professional support from BMO InvestorLine Representatives when needed at the current rate of $25.00 per trade for electronic channels.
BMO InvestorLine, ranked best online broker for five consecutive years*, is a member of the BMO Financial Group and part of the organization’s Private Client Group. The Private Client Group provides integrated wealth management services in Canada and the United States and had total assets under management and administration and term investments of $271.1 billion as at January 31, 2006.
* As ranked by The Globe and Mail, 2002, 2003, 2004, 2005 & February 4, 2006, by Gómez Canada Q1, Q3 2002 & Q2, Q4 2003 and by Watchfire GómezPro, Q2 2004.
Posted: Friday Apr 7 3:10:54PM 2006
If you are an active trader (30+ trades per month), ask Scotia for a discount off their normal fees - they will do it in most cases!
Posted: Friday Apr 7 4:12:44AM 2006
Hi everyone, I started following QIS about 4 months ago, I have been investing online for 6 months using Scotia Direct. I saw several months ago some people talking about no fee or little fee trading. I am getting hosed at Scotia Direct. Some feed back please, DD