QIS Trading Summary
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Posted: Wednesday Jan 25 11:56:36AM 2006
Curious about www.interactivebrokers.ca. There commissions seem much better than Etrade. Trade commissions as low as $2, and never higher than .002 of principal. Can anyone go into detail about their experience trading with this broker?
Posted: Wednesday Jan 25 8:52:55AM 2006
Commissions in Canada are a rip-off in general, when compared to what US brokers like Ameritrade and so on charge.
Posted: Wednesday Jan 25 6:35:53AM 2006
E-Trade takes RRSP accounts. You are correct that two trades in the same stock on the same day will get hit with two commissions. Also with stocks above $1 I have found that E-trade is really not that much cheaper. However with trades under $1 you can trade as many shares as you want for a flat fee of $19.99 (under 30 trades per quarter) or $9.99 (over 30 trades per quarter). Still getting used to the new system but so far I am quite pleased.
By another pothole
Posted: Tuesday Jan 24 3:12:36PM 2006
Moved most of mine over from TD-Waterhouse a couple of years ago and it took them forever to get organized. Sounds like they have speeded up which is good. I will be transfering the remainder of my account over in the next few weeks. It is the only way to go.
Suggest you get the name of the E-Trade rep and keep after him/her.
Posted: Tuesday Jan 24 2:17:13PM 2006
I had the same concern but found it very quick actually. I moved several accounts over including an RRSP account and some were as fast as a day. The longest took less than a week.
Posted: Tuesday Jan 24 10:04:02AM 2006
Just a note for those that watch our trading in the Trading Summary section of the website. We recently moved our trading accounts from Scotia Discount Brokerage to E-Trade Canada. All future trades will be made through E-Trade (House 88). The first 100 trades over the next 2 months will be commission free (or reduced commission) following which our commission charge will be $9.99 to $19.99.