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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: Disnat
Web Site: http://www.desjardins.com/ang/disnat/
Customer Service: Phone: 1-877-403-3656
E-mail: disnat@vmd.desjardins.com
Mailing Addresses:

Montreal:
2020, rue University, 9 Floor
Montreal, Québec
H3A 2A5

Quebec:
Place de la Cité
2600, boul. Laurier
Bureau 130
Sainte-Foy, Québec
G1V 4T3

Service / Accounts Available:
  • Cash, Margin, Option Account
  • Short Sale Account
  • C.O.D. Account
  • QSSP Account
  • Self-Directed RRSPs, RRIFs, LIFs, RESPs
Commission Schedule / Fees: (For the most up-to-date prices and conditions, please visit Disnat)
Equities

Electronic Trades - Up to 1000 shares of any value:

  • Market Order $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 Commission / Price Commission / Price
$0.24 or less 1.5% of principal 2% 3%
$0.25 - $0.50 $39 + 2¢ per share
$0.51 - $1.00 $35 + ½ ¢ per share
$1.01 - $2.00 $35 + 2¢ per share $39 + 3¢ per share
$2.01 - $5.00 3¢ per share $35 + 2½ ¢ per share $39 + 4¢ per share
$5.01 - $10.00 $35 + 3½ ¢ per share $39 + 5¢ per share
$10.01 - $20.00 $35 + 4½ ¢ per share $39 + 6¢ per share
$20.01 - $30.00 $35 + 5½ ¢ per share $39 + 7¢ per share
$30.01 and higher $35 + 6½ ¢ per share $39 + 8¢ per share
Note:
Minimum commission per transaction $29 CAN or US. Commission calculated on a daily basis. Cash delivery transaction $15 + applicable commission.
10% rebate on orders executed at market price. Commission calculation based on three opening days from the initial order. Minimum commission per transaction $42 CAN or US. Flat rate on order of $2,000 or less $42 CAN or US. Cash delivery transaction $15 + applicable commission

 
Mutual Fund Trades
  Front-Load Desjardins No-Load Other No-Load Back­Load
Purchase $0 $0 $0 $0
Switch
(Some exceptions)
$0 $0 $0 $0
Redemption $32
(trader assisted $40)
$0 $32
(trader assisted $40)
Varies
Note Minimum and subsequent purchases : $1,000

 
Option Trades
Internet and Automated Telephone Service Placed by phone with a person
Cdn./U.S. Cdn./U.S.
$30 + $1.50 per contract
$30 Flat rate on orders of CDN $2000 or less
$35 + $2.50 per contract
$35 Flat rate on orders of CDN $2000 or less
Note:Assignment and exercise, per transaction:
$5 & less: $30 + 2 1/2¢/share.
$5.05 & over: $30 + 4¢/share

Special
Services:
  • Quotes, news, charts
  • Direct Deposit
  • Automated telephone quote service
  • Custodial Services

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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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