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2004 Broker Survey
The Globe and Mail's 2004 On-line Broker Report
Profiles
Click a broker to view contact info, services offered and fee schedules
BMO Investorline

CIBC Investor's Edge

Credential Direct

Disnat

eNorthern

E*Trade Canada

HSBC Invest Direct

National Bank Discount Brokerage

Qtrade Investor

RBC Action Direct

ScotiaMcLeod Direct Investing

TD Waterhouse
Broker: RBC Action Direct
Web Site: http://www.actiondirect.com/
Customer Service: Phone: 1-800-769-2560
Web form
Mailing Addresses:

  Royal Bank Plaza
  200 Bay Street, North Towerbr>   P.O. Box 75
  Toronto, Ontario
  M5J 2Z5

Service / Accounts Available:
  • Cash and margin accounts
  • Self-directed RSPs, RIFs and LIFs
  • RESP accounts
Commission Schedule / Fees: (For the most up-to-date prices and conditions, please visit Action Direct)
  Equities

Up to 1000 shares of any value:

  • Market order: $29.95
Share price Internet and Automated Telephone Service Placed by phone with a person
Cdn./U.S. Cdn. U.S.
Commission / Price Commission / Price Commission / Price
Less than $0.25 1.5% of principal 2½%
$0.25 - $1.00 $35 + ½ ¢ per share $39 + 2¢ per share
$1.01 - $2.00 $35 + 2¢ per share $39 + 3¢ per share
$2.01 - $5.00 3¢ per share $35 + 3¢ per share $39 + 4¢ per share
$5.01 - $10.00 3¢ per share for Internet
4¢ per share for telephone
$35 + 4¢ per share $39 + 5¢ per share
$10.01 - $20.00 $35 + 5¢ per share $39 + 6¢ per share
$20.01 and higher $35 + 6¢ per share $39 + 7¢ per share
Note: Minimum commission (Internet): $29.95 (CDN or U.S.)
(Telephone): $35 (CDN or U.S.)
Canadian and U.S. equity transactions with a principal dollar value of $2,000 or less: $43 (CDN or U.S.)
Minimum commission: $43
Partially filled orders: Full commissions and fees apply for each partial fill, except when transacted within the same business day. New Canadian stock issues (when available): No commissions
Commissions are in addition to fees charged by the local securities commission as applicable.

 
Mutual Fund Trades
  Front-Load RBC Funds Other No-Load Back­Load
Purchase $0 $0 $0 $0
Switch $0 $0 $0 $0
Redemption $0 ($43 with trader) $0 $40  ($43 with trader) $0
Note:An extra 2.75% in additional units/shares will be added to back end load online purchase orders of $1,000 or more. This offer is not applicable to Labour Sponsored Funds or monthly purchase plans. An Early Redemption fee equal to 1% of selling value (minimum $43) will be charged on all funds sold within 120 days of purchase, with the exception of RBC money market funds. Processing fees may be charged on some funds at the time of purchase (1% to 5%). Please verify with an Action Direct Investment Services Representative.

 
Option Trades
Contract price Internet Automated Telephone Service Placed by phone with a person
Cdn./U.S. Cdn./U.S.
Commission / Contract Commission / Contract Commission / Contract
$0.00 - $2.00 20% discount off the current options commission schedule. 10% discount off the current options commission schedule. $35 + $1.50/contract
$2.01 - $3.00 $35 + $2.00/contract
$3.01 - $4.00 $35 + $2.50/contract
$4.01 - $5.00 $35 + $3.00/contract
$5.01 and higher $35 + $3.50/contract
Note:Options trades minimum commission: $43 (CDN or U.S.) per transaction. Canadian and U.S. options transactions with a principal dollar value of $2,000 or less: $43 (CDN or U.S.)
Assignments and exercises: Regular equity commission schedule applies

 
Special Services:
  • Research centre
  • Education centre
  • Commission calculator

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