less trading commission for stocks ?

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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.

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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.

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"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"

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less trading commission for stocks ?

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