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)
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!
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: https://canadianprofiteer.com/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.
Fav. Companies: Too many to list! Someone help me stop!!
I began dripping in August, 2008
Inv. Style: Buy companies with a history of good dividends. Make regular OCP's, favoring those stocks that are priced lower than usual. I invest in Canada and the US and have some synthetic drips with Scotia iTrade.
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