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2001 Broker Survey




Profiles
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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: Royal Bank Action Direct
Web Site: http://www.actiondirect.com/
Customer Service: Phone: 1(800)769-2583
E-mail form: http://www.actiondirect.com/contact_form.html
Head Office: Royal Bank Action Direct
260 East Beaver Creek Road,
Suite 404
Richmond Hill, Ontario
L4B 3M3
Service/Accounts Available:
  • Investment Account
  • Margin Account
  • Cash Account
  • RSP Account
  • RIF Account
  • Commission Schedule/Fees:
    Purchase and sale of equities online using NETACTION
    Up to 1,000 shares : $29 (CDN or U.S.)
    For greater than 1,000 shares:
    Stock Price (CDN or U.S.) Commission Rate
    0 - $0.245 1.5% of trade
    $0.25 - $1.00 $0.005 per share
    $1.01 - $2.00 $0.02 per share
    $2.01 and over $0.03 per share
    Minimum commission: $29 (CDN or U.S.) per transaction
    Purchase and sale of equities by telephone using TELACTION
    Up to 1,000 shares : $35 (CDN or U.S.)
    For greater than 1,000 shares:
    Stock Price (CDN or U.S.) Commission Rate
    0 - $0.245 1.5% of trade
    $0.25 - $1.00 $0.005 per share
    $1.01 - $2.00 $0.02 per share
    $2.01 - $5.00 $0.03 per share
    $5.01 and over $0.04 per share
    Minimum commission: $35 (CDN or U.S.) per transaction
    Purchase and sale of Options
    Option Price (CDN or U.S.) Commission Rate
    $0.00 - $2.00 $35 + $1.00/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 over $35 + $3.50/contract
  • Options trades minimum commission: $40 (CDN or U.S.) per transaction
  • Canadian and U.S. options transactions with a principal dollar value of $2,000 or less: $40 (CDN or U.S.)
  • 20% commission discount for option orders placed using NETACTION
  • 10% commission discount for option orders placed using TEL ACTION
  • Special Services:
  • Research centre
  • Education centre
  • Commission calculator

  • 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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