Low cost online Canadian Stock Trading / Broker ?
I am currently trading with TD (ugh) and am looking for an online discount broker that doesn't require me to be rich or to trade over 100 times a month to qualify for their 'as low as' fee. If they have reasonable charting and research available that wouldn't hurt :-) Anyone have any actual trial and error experience or comments on the likes of E-trade, tradeFreedom, CMC, or the Desjardins offering?
Public Comments
- Take a look at http://www.qtrade.ca I'm not sure if it cheaper than TD, but I don't find it too expensive. I've used them for two years without trouble.
- Try Interactive Brokers LLC. You will be very happy.
- This is an answer from an American. It depends upon what kind of stock you normally are buying and how much you are investing in it. I think TD Ameritrade offers a decent service for the price if you specialize in low priced stocks and you buy large blocks of it at a time but I am using their Apex service. I still have to pay for quote services for my Canadian stocks. IAB is great for those who use market orders on higher priced stocks and/or with smaller blocks in general. I am unfamiliar with Qtrade. As for research I don't think the discounters offer anything decent. You are better off to do your own kicking of the tires.
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