less trading commission for stocks ?

Jump to Page:
< Previous [ 1 ] [ 2 ] Next >

ihpatel
Member since: Dec 03

Posts: 132
Location: Scarborough
Post ID: #PID

Posted on: 29-08-11 14:57:12

Hi

Whenever buy/sell share, which bank charge less commission or any good deal ???

Like TD charge $29 commission...

Thank you for your time...

jigz787
Member since: Aug 04

Posts: 773
Location: Toronto
Post ID: #PID

Posted on: 29-08-11 15:15:22

Questrade beats TD, Scotia, RBC etc etc...
Also look into Interactive brokers.

DRM
Member since: Jan 13

Posts: 5
Location:
Post ID: #PID

Posted on: 04-03-13 22:54:41

do you guys have any reviews on questrade?

Also, how does it work? do i have to open a cash account and a trading account with them? or can i connect by TFSA at on of the big banks to questrade?

Thanks,

jigz787
Member since: Aug 04

Posts: 773
Location: Toronto
Post ID: #PID

Posted on: 05-03-13 07:47:04

Quote:
Originally posted by DRM

do you guys have any reviews on questrade?

Also, how does it work? do i have to open a cash account and a trading account with them? or can i connect by TFSA at on of the big banks to questrade?

Thanks,

No cash account needed. You deposit funds directly into trading account. Norml trading account is called margin account. You can also open TFSA and trade from TFSA without paying tax but they don' pay interest. Its more like Tax Free Trading Account.

DRM
Member since: Jan 13

Posts: 5
Location:
Post ID: #PID

Posted on: 05-03-13 12:27:08

I am new to buying stocks in canada. I am also trying to start slow ( i would probably be doing 10 trades in a month avg) and also would like to be a buy and keep kind of a guy.

What account would you suggest?

Also, say I have 2000 dollars in TFSA and I use 1500 to buy stocks. If there is an interest of about 1.25% would that be on the 2000 (500 + 1500) or would it be only on the 500?

thanks,

dimple2001
Member since: Apr 04

Posts: 2873
Location: Western Hemisphere
Post ID: #PID

Posted on: 05-03-13 17:41:46

Quote:
Originally posted by DRM

I am new to buying stocks in canada. I am also trying to start slow ( i would probably be doing 10 trades in a month avg) and also would like to be a buy and keep kind of a guy.

What account would you suggest?

Also, say I have 2000 dollars in TFSA and I use 1500 to buy stocks. If there is an interest of about 1.25% would that be on the 2000 (500 + 1500) or would it be only on the 500?

thanks,

Interest is paid on the cash balance, not on the money invested in stocks. So, it will be $500.

-----------------------------------------------------------------
Dimple2001

pratickm
Member since: Feb 04

Posts: 2831
Location: Toronto
Post ID: #PID

Posted on: 29-04-13 17:24:18

Quote:
Originally posted by DRM
Also, say I have 2000 dollars in TFSA and I use 1500 to buy stocks. If there is an interest of about 1.25% would that be on the 2000 (500 + 1500) or would it be only on the 500?

On the cash balance of $1,500.
However, I doubt if any brokerage these days gives interest on cash balances of $1,500.

-----------------------------------------------------------------
"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"

Jump to Page: < Previous [ 1 ] [ 2 ] Next >

Show Printable version

Send this page to a friend

Add to favorites

Discussions similar to: less trading commission for stocks ?
	Topic	Forum	Views	Replies
	Lets share information on stocks/trading ( 1 2 3 )	Financial Planning	7351	19
	Online Share Trading	Financial Planning	1870	1
	banks charge for account ( 1 2 )	Just Landed	3148	13
	Suggestion for web developers	Jobs	1751	1
	converting TC to USD	Just Landed	1516	4
	Good job, Bihar women's commission: Udit Narayan finally accepts Biwi #1	Our Native Country!	2207	0
	Any good place giving good rates to convert USD to CAD or vice versa	Public Services	1516	2
	Getting a mortgage thru a consultant versus directly thru a bank ( 1 2 3 4 5 )	Real Estate & Mortgages	6751	29
	Court case for vistor visa	Ask Immigration Expert	1548	2
	Poll: PLease Sign this petition to reduce OCI fees	Citizenship	2327	2
	Reliable , inexpensive online brokerage account for trading in Canada?	Financial Planning	2452	6
	Buying Stocks	Business	2739	5
	Real estate agent contract and charge	Real Estate & Mortgages	1714	2
	Income tax return for Investors (stocks)....	Financial Planning	1729	1
	Who's in Charge?.	Have Fun!	1121	1
	how to express appreciation to realtor/salesperson? ( 1 2 )	Real Estate & Mortgages	3549	12
	Where to notorize Power of Attorney? ( 1 2 )	Public Services	13529	7
	bring money frm india	Just Landed	2039	2
	Purchase of Gold ( 1 2 )	Financial Planning	4425	7
	Current Brokerage Rates Charged By Real Estate Agents	Real Estate & Mortgages	2143	4
	Banks charging for clearance?	General	997	0
	less trading commission for stocks ? ( 1 2 )	Stock Market	8168	7
	Consulate service charge	Our Native Country!	1478	1
	Beware of Fraud at BLS International - Courier Scam!	Citizenship	4264	2

Charcha

less trading commission for stocks ?

Discussions similar to: less trading commission for stocks ?