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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: E*Trade Canada
Web Site: http://www.etrade.ca/
Customer Service: Phone: 1-888-283-7787
Web form
Mailing Address: E*TRADE Canada
Suite 1200
60 Yonge St.
Toronto, Ontario
M5E 1H5
Service / Accounts Available:
  • Cash Account
  • Margin Account
  • Margin Account With Options
  • Margin Account with Short Selling
  • RSP Account
  • Informal Trust Account
  • Corporate Account
  • Unincorporated Groups/Investment Clubs
Commission Schedule / Fees: (For the most up-to-date prices and conditions, please visit E*Trade)
Equities
  • Electronic Trades - Up to 1000 shares of any value:
  • Market Order $26.99
Share price Internet and Automated Telephone Service Placed by phone with a person
Volume Commission / Price Commission / Price
Less than $1.00 5400 shares or less $26.99 + $35.00
More than 5400 shares ½ ¢ per share
$1.01 - $3.00 1400 shares or less $26.99
More than 1400 shares 2¢ per share
$3.01 and higher 1000 shares or less $26.99
More than 1000 shares 3¢ per share
Note All transactions with principal value less than $3,500.00 will be charged a flat fee of $26.99. The maximum fee is 1.5% of the principal value subject to a minimum of $26.99. Full commission charges apply for each partial fill except when transacted on the same business day. Prices on multiple fills or multiple orders (on the same stock, on the same exchange and the same side of the market) are abridged for commission purposes. Fees for U.S. equities are charged in U.S. dollars.

 
Mutual Fund Trades
No commissions, but a 1% fee (minimum $38.88) will be charged on the electronic sale or switch of all mutual funds held for less than 90 days. Broker-assisted trades are $35.

Option Trades
Contract price Internet and Automated Telephone Service Placed by phone with a person
Volume Commission / Contract
$0.00 - $2.00 $26.99 + $1.10 per contract + $35.00
$2.01 - $3.00 $26.99 + $1.50 per contract
$3.01 - $4.00 $26.99 + $1.90 per contract
$4.01 - $5.00 $26.99 + $2.40 per contract
$5.00 and higher $26.99 + $2.70 per contract
Note: Fees for U.S. options are charged in U.S. dollars. Full commission charges apply for each partial fill except when transacted on the same business day. Full commission charges apply for each order. Full commission charges apply to each side of spread and combination orders. The broker-assisted-equity fee schedule applies to all assignments and exercises.

 
Special Services:
  • Quotes, news, charts, research
  • Watch list and portfolio
  • Trades under a minute or free
  • Active traders get a discounted price

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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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