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DiscountBrokerages.CAWelcome to the Canadian discount brokerages price guide. In your search for the right online discount stock broker, a price comparison is essential to protect your trading and investing profits. Whether you're looking to trade stocks, options, Forex, Gold, use margin, etc, discount brokerages are the way to go for many do-it-your-self investors and traders in Canada.Canadians have plenty of choice when it comes to discount brokerages in Canada. You don't have to choose the one you see advertised most, and besides, it's likely more expensive anyways. Check out this sortable price comparison guide, and put the pure competition of the internet to work! About DiscountBrokerages.CA: Recently I decided to get into the stock market, but when I almost signed up with a so-called "discount" brokerage, I realized it had a high per-share commission on top of a flat fee, and didn't take into account the purchase price of the stock. Ouch! This meant if I were to buy lower cost or penny stocks, for example worth $0.12 per share, a $0.03 per-share fee is an additional 25% commission fee... this is an impossibly high price structure to work with for my needs. And then, in my search for a price comparison guide for Canadian discount brokerages I was at a loss. So I went to work and here is the price guide I put together and continue to update for stock brokers in Canada that offer discount online trading options. It's simple and in easy to compare SORTABLE tables. Click the column title of anything you want and the stock brokers will automatically be sorted. Easily see the differences in the fees per trade, per share, commission rates, administrative fees, margin rates, etc. Remember to always view the brokerages full fee and commission schedule to confirm all possible fees you could encounter before signing up. I've displayed all or almost all the Canadian-based discount stock brokerages available. This is meant to be a complete and accurate guide. Please email me if there is anything missing or incorrect - info@discountbrokerages.ca Thanks for looking, and tell your friends about this guide! Some stock market frequently asked questions for those just getting started: What is a brokerage? At the core, a brokerage is a company that acts as a middleman to connect buyers and sellers, and receives a commission in the process. Stock brokers are companies that provide a platform for you to buy and sell stocks from financial exchanges for a fee. What is Online Trading? Trading stocks online is a great leap forward for both full-time and part-time Canadian traders and investors. Online trading through discount brokers allow you to buy and sell stocks, options, currency, precious metals, etc, all from web-based or downloadable software. Generally online trading software is very intuitive, simple, but with advanced features. Online traders can generally expect to receive superior customer service whenever they need it if they have a problem or question. This is necessary since the competition is high amoung brokerages offering online services in Canada. What is a Discount Stock Brokerage? What specifically then is a discount brokerage, and how does it differ to a full-service brokerage? Some companies offer both full-service and discount options. The discount option generally means a low-cost price structure with a more do-it-yourself platform. You will not be required to pay extra for advice from an employee on comission. You can save more of your profits by placing the purchase yourself through the brokerage's web-based software. Most of the stock brokers will have representatives available to place the order on your behalf for a fee if you so choose.Canadian Discount brokerages offer extensive research and stock market data tools through their websites and software and offer customer service via telephone if you need any help - So don't be afraid that you'll be left without support. |
These Tables are SORTABLE, just click on a column title once or twice. Tier 1 - Generally, Account Balance less than $50,000, and trades below 10-30 per quarter.
Tier 2 - Generally, Account Balance above $50,000, or number of trades more than 10-30 per quarter.
Tier 3 - Generally, more than 100-150 trades per quarter.
Administrative Fees - These administrative fees are based on the unregistered accounts. Transfer fees are based on transfers to other institutions. Withdrawal is based on cheaper of wire transfer/electronic funds transfer.
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Terms of Use By using this site you agree to the following statements. The information provided does not constitute financial advice in any way. The webmaster strives to provide up-to-date and accurate information, but you understand that the information is not guaranteed and there is a delay between when a price at a brokerage changes and when that price is updated on this site. You will independently verify any information you read here before making any decisions related to that information. Trademarks are the property of their respective owners. Thank you for visiting DiscountBrokerages.CA! Privacy Policy DiscountBrokerages.ca takes your privacy very seriously. This website does not collect any personally identifiable data from users. Only basic traffic data is gathered such as browser usage, country of origin, referring website, etc. This data is not shared with any third parties. Thank you for visiting and tell your friends. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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