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Canadian Broker


monkeyjason said: "I'm planning to start investing in stocks... however I'm having trouble finding a broker.... I'm currently looking at Ameritrade, Scottrader or Interactive brokers.... I don't know which one is better or is there other recommendation.... currently I'm attending University... therefore I dont' have a lot of $$$ to start an expensive account... thx soo much....."

AlfredSokol said: "Either Ameritrade or Scottrade should both be good choices."

BenHouston said: "I use scotiamcleod direct investing, can be somewhat pricey, but its Canadain Its around 23.00 a trade."

monkeyjason said: "I really would like to join ameitrade..... but I cant' I saw on their website that the mini for an account is 2000US.... and I only have 1000CAD to invest so I join TD caz I have an account with them but they are damn expensive 29 a trade......"

HappyHarry said: "Wow, $29 each way for a total of $58 if you buy and sell?"

poldo said: "[QUOTE=monkeyjason]I'm planning to start investing in stocks... however I'm having trouble finding a broker.... I'm currently looking at Ameritrade, Scottrader or Interactive brokers.... I don't know which one is better or is there other recommendation.... currently I'm attending University... therefore I dont' have a lot of $$$ to start an expensive account... thx soo much.....[/QUOTE] If you are on a budget and you want ot minimize expenses and most of all if you are going to invest for the long term (and you should since you're young) consider [url]http://www.buyandhold.com[/url] or sharebuilder.com I believe buy and hold is a bit better as they also offer real time tades. let me explain a bit, they both offer trading of a selected group of stock .... a very large selections ie. you won't find penny stocks but the selection as I say is very large, indexes, funds etc.. the fees for b&h is $2.99 per trade , $6.99 for unlimited trading share builder should be similar, you can set automatic deposit and also invest automatically in your portfolio at several intervals if you have a position that pays dividends you can reinvest them for free this keeps expenses down to a minimum the real time trades aren't that great better off with a dedicated "real time trading" brokerage like the other mentioned . cheers"

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