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2001 Broker Survey




Profiles
Click a broker to view contact info, services offered and fee schedules
BMO Investorline

Charles Schwab Canada

CIBC Investor's Edge

Credential Direct

Disnat

eNorthern

E*Trade Canada

Merril Lynch HSBC

National Bank Discount Brokerage

Qtrade Investor

Royal Bank Action Direct

Scotia Discount Brokerage

Sun Life Securities

TD Waterhouse


Broker: Merril Lynch HSBC
Web Site: http://www.mlhsbc.ca/
Customer Service: Phone: 1(866)865-4722
E-mail: info@mlhsbc.ca
Head Office: Merril Lynch HSBC
250 University Avenue, 3rd Floor,
Toronto, ON
M5H 3E5
Service/Accounts Available:
  • Cash account
  • Margin account
  • Self-directed RRSP/RRIF
  • Corporate account
  • In-trust account
  • Investment club account
  • Commission Schedule/Fees:
    Online Transactions
     Stock Price # Shares Commission
    $ 0.00 - $ 2.00   1.5%
    $ 2.01 and over =<1000 $ 29.00 flat fee
    $ 2.01 and over >1000 3 ¢/share
    Telephone Transactions - Canadian Equities
    Stock Price Commission
    <$ 0.24 2.5%
    $ 0.25 - $ 1.00 $ 31.00 + 0.5 ¢/sh;
    $ 1.01 - $ 2.00 $ 31.00 + 2 ¢/sh;
    $ 2.01 - $ 5.00 $ 31.00 + 3 ¢/sh;
    $ 5.01 - $ 10.00 $ 31.00 + 4 ¢/sh;
    $ 10.01 - $ 20.00     $ 31.00 + 5 ¢/sh;
    > $ 20.01 $ 31.00 + 6 ¢/sh;
    Telephone Transactions - U.S. Equities
    Stock Price Commission 
    <$ 0.24 3%
    $ 0.25 - $ 1.00 $ 35.00 + 2 ¢/sh;
    $ 1.01 - $ 2.00 $ 35.00 + 3 ¢/sh;
    $ 2.01 - $ 5.00 $ 35.00 + 4 ¢/sh;
    $ 5.01 - $ 10.00 $ 35.00 + 5 ¢/sh;
    $ 10.01 - $ 20.00 $ 35.00 + 6 ¢/sh;
    $ 20.01 - $ 30.00 $ 35.00 + 7 ¢/sh;
    > $ 30.01         $ 35.00 + 8 ¢/sh;
    Options
    20% off commission rates below for option trades placed online
     Option Value  Commission
    $ 0.00 - $ 1.00 $ 35 + $ 1.00 per contract
    $ 1.01 - $ 2.00 $ 35 + $ 1.50 per contract
    $ 2.01 - $ 3.00 $ 35 + $ 2.00 per contract
    $ 3.01 - $ 4.00 $ 35 + $ 2.50 per contract
    $ 4.01 - $ 5.00 $ 35 + $ 3.00 per contract
    $ 5.01 - and over       $ 35 + $ 3.50 per contract
    Special Services:
  • Learning Centre
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  • Find Out More
    From the Globe and Mail
    Tools of the on-line trade
    July 7, 2001


    Pick an on-line broker who trades bonds
    June 23, 2001


    A short list of investing resources you may not know -- but should
    June 16, 2001


    Best discount brokers for RRSP season
    January 27, 2001




    Rob Carrick
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