Imagine the following scenario: You have a short list of stocks you are interested in and would like to own the stocks when they hit some predetermined levels. You’ve been patient and keep plenty of cash around for what Buffett would call “the perfect pitch”. A few months pass and sure enough, the markets are [...]
RBC Direct Investing (read my review) is letting clients know that it will soon be offering the option of holding U.S. dollars in registered accounts such as RRSPs and TFSAs. The Direct Investor newsletter included along with the March brokerage statement contains this announcement: Coming soon, you will be able to hold U.S. dollars in [...]
QTrade (a reader shares his experience with the broker here), which consistently earns top honours in Globe and Mail’s annual discount broker rankings, is now offering US-dollar self-directed RRSP accounts. These accounts would allow investors holding US-dollar assets in their RRSP accounts to avoid currency conversion fees when buying and selling (for brokers that don’t [...]
Virtual Brokers, a new discount broker is taking out full page ads in The Globe and Mail offering trading commissions as low as $6.49 per trade and US dollar denominated RRSP and TFSA accounts. I’m not about to take a chance with a small broker for a few dollars less in commissions but nevertheless, decided [...]
For the fourth year running, Qtrade finished first in the Globe and Mail’s ranking of online discount brokers. Credential Direct, BMO InvestorLine, Scotia iTrade and RBC Direct Investing round out the top five. TD Waterhouse missed a spot in the top five in a photo finish. I’ve held accounts at TD Waterhouse, RBC Direct Investing, [...]
Surviscor, an Oakville, Ontario based firm that regularly rates discount brokers is out with its Summer 2009 rankings. The top spot is taken by TD Waterhouse, which edged out Credential Direct in a photo finish. BMO InvestorLine, RBC Direct Investing and Qtrade finished among the top 5. Trade Freedom, Laurentian Bank Discount Brokerage and Jitney [...]
When Scotiabank acquired the Canadian brokerage arm of E*Trade, the account I had opened with E*Trade to my participate in my employer’s Stock Purchase Plan was automatically converted into a Scotia iTrade account. The website remains much the same as it did under E*Trade except for some branding in the Scotia red colour and addition [...]
With the sharp fall in the stock market, Rob Carrick points out that investors with a discount brokerage account should watch out for higher fees. Administration fees: The discount broker arms of the big banks typically charge an administration fee on self-directed registered accounts if the value is less than a certain threshold. TD Waterhouse, [...]
Qtrade is once again (for the third straight year) the winner in the Globe and Mail ranking of the online discount brokers. BMO InvestorLine, E*Trade, TD Waterhouse and Credential Direct round out the top five, though RBC Direct Investing missed a spot by a mere whisker. Qtrade’s top ranking (reviews, comments and customer opinion on [...]
As regular readers know, we have our brokerage accounts with TD Waterhouse. I transferred our accounts over from RBC Direct Investing to take advantage of TD Waterhouse’s wash trade capability in adopting a passive investing strategy. Now, RBC is making a tempting offer: earn 1% cash back when you transfer $25,000 or more from a [...]
