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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: Charles Schwab Canada
Web Site: http://www.schwabcanada.com/
Customer Service: Phone: 1-877-660-6633
E-mail: Contact_Us@SchwabCanada.com
Head Office: Charles Schwab Canada, Co.
207 Queen's Quay West, Suite 800
Toronto, ON
M5J 1A7
Service/Accounts Available:
  • Trading Account
  • Registered Account
  • RRSP Accounts
  • Options Account
  • Commission Schedule/Fees:
    Electronic Trading
    Canadian and U.S. Equities
    Price of StockCommission
    Up to $2.001.5% of principal trade value
    Over $2.00$25 up to 1000 shares
    $25 + $0.03/share on shares over first 1000
    Commission is capped at $250
    Canadian and U.S. Options
    Price of OptionCommission
    up to $2.00$30 + 1$1.50/contract
    $2.01-3.00$30 + $2.00/contract
    $3.01-$4.00$30 + $2.50/contract
    $4.01-$5.00$30 + $3.00/contract
    $5.01 +$30 + $3.50/contract
    Minimum commission of $35 applies to all trades.
    Trader Assisted
    Canadian Equities
    Price of StockCommission
    Up to $0.252.5% of total trade value
    $0.25 - $1.00$35 + 0.5¢/share
    $1.01 - $2.00$35 + 2¢/share
    $2.01 - $5.00$35 + 3¢/share
    $5.01 - $10.00$35 + 4¢/share
    $10.01 - $20.00$35 + 5¢/share
    $20.01 & over$35 + 6¢/share
    Commission is capped at a maximum of $300
    U.S. Equities
    Price of StockCommission
    Up to $0.253.0% of total trade value
    $0.25 - $1.00$35 + 2¢/share
    $1.01 - $2.00$35 + 3¢/share
    $2.01 - $5.00$35 + 4¢/share
    $5.01 - $10.00$35 + 5¢/share
    $10.01 - $20.00$35 + 6¢/share
    $20.01 & over$35 + 7¢/share
    Commission is capped at a maximum of $300
    Minimum commission of $40 applies for all orders.
    Canadian and U.S. Options
    Price of OptionCommission
    Up to $2.00$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 & over$35 + $3.50/contract
    Minimum commission of $40. Minimum account size is $20,000.
    Special Services:
  • Research Services
  • Analyst Services
  • Wireless trading
  • Online Tutorials

  • 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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