s2000_vtec_mike

Hey guys,
Just wondering what online broker you guys use. I was looking into questrade but after reading how bad the reviewers were i will stay clear. Upon research i found that "TD,rbc,fidelity etc have a ton of hidden fees. Their "cheep option/stock purchases" where really cheep but the extra broker charges and many other Lil charges quickly add up to over $60 a trade even if it is less then 100 shares. Then there was Zecco free trading? to good to be true... I'm sure they are legitimate but to good to be true and too new to trust in my opinion. After dealing with rbc's online broker accounts and there heavy ass fees I'm ready to move on to Optionexpress. Anyone use it? "$14.95 a trade no cap" I think this is a great way to go no hidden charges. Yes it is more then questrade but err read to much on how their customer services sucks and how there account fees will hunt you down.

Sorry for a bit of blab.

Regards Michael

nightzone

I don't day trade, but I use a discount brokerage. Questrade. Their trades are $4.95 to a max of $9.95. So far I've been pretty happy. Although I hear their customer service is crap.

alSpeed2k

I'm thinking about going with Scotiabank's iTrade (formerly eTrade Canada).

s2000_vtec_mike

Have you had problems with extra fees? Could you give a quick run down IE. lets say $1 dollar a share and you are purchasing 100. Does it cost you $100+4.95? is that it or is their other fees i keep reading about? Also have you bought anything in us currency with you Canadian currency ?
Much appreciated as i need to open new account by today.

s2000_vtec_mike

Yes i was looking into( I also read that they took over Etrade) this also but it they extra/ hidden fees of $35 Broker fees? on top of the $7 dollar trades. Seems to high for me, to much like RBC.

Thanks for your input much appreciated

nightzone

Pretty much. Although I think 100 shares will cost you $6 foe trading fees.

alSpeed2k

Where are you seeing this?

https://www.scotiaitrade.com/pages/home/fees1.shtml

s2000_vtec_mike

I'm sorry I was refering to TD Waterhouse. I think I will open my account with optionsexpress until I figure out a concrete company to go with.

Thanks guys, Should we start a thread for Vancouver Investors? Ie good equities to buy or keep track of?

stock-trading

i have used Zecco free trading and i find it to be great

fishs2000

Hi guys - Ive been interested lately in day trading / online investing. Anyone feel like msging the run down on whats the best to get into / what to avoid / or how to start out etc?

Thanks.