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10-17-2019, 09:05 AM
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#1
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"They call me Bowser...RawR!"
Join Date: Jul 2001
Location: Vancouver
Posts: 8,325
Thanked 1,037 Times in 412 Posts
Failed 60 Times in 31 Posts
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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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"Damn fine car Dodge... Ran over me wife with a Dodge!", Zeke
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04-16-2020, 06:51 AM
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#2
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HELP ME PLS!!!
Join Date: May 2002
Location: vancity
Posts: 5,734
Thanked 722 Times in 364 Posts
Failed 40 Times in 26 Posts
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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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04-16-2020, 02:23 PM
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#3
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MiX iT Up!
Join Date: May 2006
Location: vancouver
Posts: 8,153
Thanked 2,076 Times in 871 Posts
Failed 642 Times in 183 Posts
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anyone try Wealth Simple's platform?
also interested in any Robinhood type platform for fractional share.
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Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt
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04-16-2020, 04:01 PM
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#4
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OMGWTFBBQ is a common word I say everyday
Join Date: Jan 2005
Location: Vancouver
Posts: 5,185
Thanked 1,379 Times in 578 Posts
Failed 96 Times in 53 Posts
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Quote:
Originally Posted by tiger_handheld
anyone try Wealth Simple's platform?
also interested in any Robinhood type platform for fractional share.
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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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04-18-2020, 10:13 AM
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#5
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I contribute to threads in the offtopic forum
Join Date: Jun 2013
Location: Burnaby
Posts: 2,626
Thanked 3,085 Times in 838 Posts
Failed 412 Times in 112 Posts
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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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