- What you need when you start
- What you need when you have $50,000 (minimum of fees at some discount brokers)
- What you need for all your type of investments
Scotia iTrade Discount Broker Review
Scotia iTrade was my first serious platform through the purchase of e*trade Canada. I stuck with it as trading was cheaper than Scotia McLoed and I was not far away from the minimum required holdings for $9.99. My requirements were minimal and I was satisfied. However, as I grew my portfolio and my investment knowledge, it stopped meeting my needs and I moved on to RBC Direct Investing.
RBC Direct Investing is where my fortune currently resides (if I can call it a foturne :)) … Considering it had the best matches highlighted in my discount broker review, I went with it and reviewed it after I was setup. Six months later, I initiated the transfered of my kids RESP and I can say, one more time, that their service is really good.
XE.com Currency Exchange Review
Currency exchange, also known as Forex, are quite important when you start owning investment in foreign currencies. At some point, you may decide to buy US stocks and you may want to reduce your exchange fees by not using the discount broker and leveraging other services with better fees. XE is one of those easy to use option.
The darling of all accounts! Computershare is not sexy but it works. It follows the mantra of start early, go slow and stick to your plan.