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Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance.

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Old 10-17-2019, 09:05 AM   #1
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Broker recommendations
I've been using Questrade and CIBC for 10 years and everything is great, no complaints. Recently, a few US brokerages like Schwab have moved to zero fee trading. Wondering if there's anything like that in Canada?

I have my TFSA and a Margin account with Questrade, RRSP and LIRA with CIBC. If such a broker exists in Canada, I'd like to move my Margin account there since I make a lot of moves in there. All the other accounts just DRIP so I don't incur any fees. Paid almost $2k in trading fees this year so far, ewww...
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Old 04-16-2020, 06:51 AM   #2
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qtrade doesn't have fees if you depost $100 a month into an account. well TFSA. but they charge a commission for trades, usually 6-8 dollars. So it would work out if you weren't a high frequency trader.
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Old 04-16-2020, 02:23 PM   #3
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anyone try Wealth Simple's platform?

also interested in any Robinhood type platform for fractional share.
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Old 04-16-2020, 04:01 PM   #4
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Quote:
Originally Posted by tiger_handheld View Post
anyone try Wealth Simple's platform?

also interested in any Robinhood type platform for fractional share.
Wealth Simple Trade is good if you are only looking to buy CAD equities, and is a buy and hold type of investor.

The USD exchange rate they have is pretty steep and the platform in general doesn't offer much for the intermediate and up investor/trader.

Its a good introduction for sure. But as far as free platform goes, it is far from being Robinhood.
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Old 04-18-2020, 10:13 AM   #5
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afaik, wealth simple trade is the only no fee broker. I don't think they have registered accounts, do they?
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