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2003 Broker Survey
The Globe and Mail's 2003 On-line Broker Report
Score Sheet

Satisfaction Survey
 
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


Merrill Lynch HSBC

National Bank Discount Brokerage

Qtrade Investor

Royal Bank Action Direct

ScotiaMcLeod Direct Investing

TD Waterhouse
Broker: Credential Direct
Web Site: http://www.credentialdirect.com/
Customer Service: Phone: 1-877-742-2900
E-mail: support@credentialdirect.com
Mailing Address:

Credential Direct
Suite 900
1441 Creekside Drive
Vancouver, B.C.
V6J 4S7

Service / Accounts Available:
  • Cash or Margin Investment Account
  • Self-Directed RRSPs
  • LIRAs (Locked-in Retirement Accounts)
  • Self-Directed RRIFs, LIFs (Life Income Funds) and LRIFs (Locked-in Retirement Income Funds)
Commission Schedule / Fees: (For the most up-to-date prices and conditions, please visit Credential Direct)
Equities

Online Trades - Up to 1000 shares of any value and orders with a principal value of less than $2000:

  • Market Order $25
  • Limit/Special terms orders $29
Over 1000 shares
Share price Internet and Automated Telephone Service Placed by phone with a person
Cdn./U.S. Cdn./U.S.
Commission / Price
(Minimum $25)
Commission / Price
$0-$0.50 1.0% of principal + $14.00
$0.51-$1.00 ½ ¢ per share
$1.01 - $2.00 1½ ¢ per share
$2.01 - $5.00 2¢ per share
$5.01 and higher 2½ ¢ per share
Limit/Special terms orders Add $4 per transaction
Note:Internet Orders have a maximum commission of $250. All partial fills on the same order on the same business day are combined for commission purposes. Partial fills are subject to a minimum commission each day. Commissions on US dollar transactions are charged in US dollars.

 
Mutual Fund Trades - Traded Electronically
  Front­Load Ethical Funds® and Credential Portfolio Funds Other No-Load Back­Load
Purchase $0 $0 $0 $0
Switch $0 $0 $0 $0
Redemption $29 $0 $29 $0
Note:Some restrictions apply. Please visit the site for complete costs.

For orders placed by phone with a person add a $10 redemption fee.
 
Option Trades
Electronically trade 10 contracts or less for a $29 flat fee
Contract price
(11 contracts or more)
Internet and Automated Telephone Service Placed by phone with a person
Cdn./U.S. Cdn./U.S.
Commission / Contract Commission / Contract
$0.00 - $2.00 $28 + $1.00 per contract + $10.00
$2.01 - $4.00 $28 + $1.50 per contract
$4.01 - and higher $28 + $1.50 per contract
Note:Assignments and Exercises are subject to the Trader Assisted Order Commission Schedule. Commissions on US dollar transactions are charged in US dollars.

 
Special Services:
  • Quotes, news, charts
  • Alerts

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Find Out More
From
The Globe and Mail:

For on-line brokers, returning investors mean good business
June 24, 2003

On-line brokers make investing in DRIPs easy
April 12, 2003

Ameritrade will be tough on-line competitor
April 8, 2003

BMO InvestorLine top pick among on-line RRSP brokers
February 8, 2003

It's time to check out on-line trading fees
August 14, 2002

 
Rob Carrick
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