Discount Brokers

Questrade Discount BrokerA discount broker is a platform every DIY investors need to have to manage their investments but not all discount brokers are equal. It’s important to effectively assess:

  • 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
Don’t hesitate to switch if your discount broker doesn’t meet your requirements anymore. It’s really easy to switch and your desired discount broker will pretty much do all the work. Depending on how much you will transfer, you even get refunded for some of the fees.
At some point, I took the time to research the appropriate discount broker for me and I put together a list of requirements matching my dividend investing strategy. When you put everything down and compare them one to another, you quickly start to eliminate some discount brokers.

Scotia iTrade 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.

Review: Scotia iTrade Discount Broker Review

RBC Direct Investing Review

RBC Direct InvestingRBC Direct Investing is where my fortune currently resides (if I can call it a fortune :)) … Considering it had the best matches highlighted in my discount broker review, I went with it and reviewed it after I was set up. Six months later, I initiated the transfer of my kids RESP and I can say, one more time, that their service is really good.

Review: RBC Direct Investing Discount Broker Review

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.

Review: XE.com review

Computershare

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.

Review: Easy Investing With Computershare