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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: Qtrade Investor
Web Site: http://www.qtrade.ca/
Customer Service: Phone: 1-877-787-2330
E-mail: info@qtrade.ca
Mailing Address: Qtrade Investor Inc.
233-1030 West Georgia St.
Vancouver, BC
V6E 2Y3
Service / Accounts Available:
  • Cash and margin accounts
  • Self-directed RSPs, RIFs and LIFs
Commission Schedule / Fees: (For the most up-to-date prices and conditions, please visit Qtrade)
Equities

Up to 1000 shares of any value:

  • Market order: $27.00
Share price Internet and Automated Telephone Service Placed by phone with a person
Volume Commission / Price Commission / Price
$1.00 or less 5400 shares or less $27.00 $40.00 minimum, visit the site for complete costs
More than 5400 shares ½ ¢ per share
$1.01 - $5.00 1400 shares or less $27.00
More than 1400 shares 2¢ per share
$5.01 and higher 1000 shares or less $27.00
More than 1000 shares 3¢ per share
Note: Transactions with a principal value of $3,500 or less are charged $27. Maximum commission is 1.5% of the principal value subject to the minimum of $27.00. Full commission charges apply for each partial fill except when transacted on the same business day. Equities priced in US dollars are charged US dollar commissions. 

 
Mutual Fund Trades
  Front-Load No-Load Back­Load
Purchase $0
(some exceptions)
$0
(some exceptions)
$0
Switch $0 $0 $0
Redemption $27 $27 $0
Note: All funds require a minimum $1,000 for initial purchases, subsequent purchases and switches unless the fund company minimum is higher. Mutual fund companies may assess additional fees such as: (i) set-up fees; (ii) deferred sales charges on deferred load funds; and (iii) short term trading fees (up to 2% for redemptions and switches within 90 days of purchase). Please refer to each mutual fund's prospectus before investing. Switching is permitted only within the same fund family and load structure.

 
Option Trades
Contract price Internet and Automated Telephone Service Placed by phone with a person
Volume Commission / Contract Commission / Contract
$0.00 - $2.00 20 contracts or less $30.00 $40.00 minimum, visit the site for complete costs
More than 20 contracts $1.50 per contract
$2.01 - $4.00 15 contracts or less $30.00
More than 15 contracts $2.00 per contract
$4.00 and higher 10 contracts or less $30.00
More than 10 contracts $3.00 per contract
Note: Options priced in US dollars are charged US dollar commissions. Online commission schedule applies to each side of spread and combination orders. The IR Assisted Equity commission schedule applies to all option assignments and exercises.

 
Special Services:
  • Real-time quotes, news, and charts
  • Alerts, watch lists
  • Calculators, Globe Interactive Mutual Fund Analyzer
  • Stock screener
  • Research tools

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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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