Quote:
Originally Posted by Carl Johnson
You can also try Questrade. Commission is from $4.95 to $9.95 depending on how many shares. An order of 500 shares is $5, anything above 1000 shares you are capped at $9.95. I have used electronic fund transfer (EFT) to move money out of Questrade account to my bank account. Usually it takes 2 business day.
I don't particular fancy their platform because I trade often. But if you just trade occasionally, it might be okay for you. By the way $29/trade to place an order is quite bit of money and overtime it eats into your return. Any time you can reduce slippage you should do it.
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I'm thinking about starting with low amount of shares, less then 500.
QTrade is about $19 + $4 for below $50k accounts and inactive trading so about $6 cheaper then TD.
Im just researching Questrade, they really beat around the bush when
it comes to commissions and fees.
Also, QTrade charges $50 a year in addition to commissions if your
account is less then $15,000.