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Date: 1/1/2009 5:45:00 PM
Author: purple_d Country Flag
Subject: 12261/19638 - brokerage account options - questrade?
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ADUFFY on 1/1/2009 10:16:22 AM

I really like E Trade. Its $50 for a certificate withdrawal, they do synthetic DRPs as well plus the commission is between $9.99 (min balance required) to a maximum of $19.99. Off hours (ie after 5PM EST) they cannot answer the technical questions but they always have somebody answer them via email if preferred or with follow up phone call the next day - can't ask for better than that.

For people commencing the DRP process they are likely facing $70 to withdraw a share certificate (commission plus certificate fee)

purple_d on 1/1/2009 4:45:00 PM

I went with TradeFreedom after trying out their software (guest platform). My old souped up 486 wasn't impressed by what I was asking it to do and the tech people were great through the process.

$1,000 to open and then no minimum. $9.95 for a trade (less for those who trade more). $50 + GST for a certificate. I have an account rep who I can phone and haven't had to wait on hold to reach him. I spent 7 minutes on hold requesting a certificate (2 weeks ago). They have a separate choice on the phone system for people who are in a trading position and need help asap.

Many of the companies have a referral special of some kind. So, if anyone in this community decides to sign up for an account, it could be useful to contact someone else herein and share the spoils!

Rascal on 1/1/2009 5:08:32 PM

Purple_d, did you get information on their TFSA?


purple_d on 1/1/2009 7:22:39 PM

Sort of... I haven't read it yet, but have bookmarked the following:

On another note... Rascal... are you practicing to become a Board moderator? lol

Rascal on 1/1/2009 7:30:50 PM

Really, purple_d!

purple_d on 1/1/2009 7:34:49 PM

Rascal -- that wasn't a dig... I'm in awe actually how quickly you get a great answer posted!

I found this when searching (it isn't new but may be relevant):

xenon on 5/8/2019 8:25:15 AM

Question, did you go with trade freedom after this post? Currently i am leaning Questrade to move to. Have you tried Questrade? Right now i am with a bank and they charge me endlessly for all kinds of things including DRiP. Just getting tired of it. Currently i don't see Questrade charging anything for Drips which is cool but I'm still combing through all the fees and details via this good questrade review: but wanted to see if you had further thoughts about them before i make the plunge. Not a big deal if you haven't Likely i will just set up with them and call it a day.

aB on 5/8/2019 9:51:15 AM

Right now i am with a bank and they charge me endlessly for all kinds of things including DRiP.
This is strange to me, never heard of a fee for drip. (Unless you mean some FX stuff.)

It all depends on what you want to do with the brokerage.
Questrade is great for smaller accounts starting with ETFs.

I use Questrade on my partner's side, as I have their side set up purely with ETFs. [So if I die, it is easy to manage.]
I use RBC DI on my side, namely due to the USD account.
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