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| Broker: |
Royal Bank Action Direct |
| Web Site: |
http://www.actiondirect.com/ |
| Customer Service: |
Phone: 1-800-769-2560
Web form |
| Mailing Addresses:
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Royal Bank Action Direct
Suite 404
260 East Beaver Creek Road
Richmond Hill, Ontario
L4B 3M3
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| Service / Accounts Available: |
- Cash and margin accounts
- Self-directed RSPs, RIFs and LIFs
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| Commission Schedule / Fees: |
(For the most up-to-date prices and conditions, please visit Action Direct) |
| Effective September 15, 2002 |
Equities |
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Up to 1000 shares of any value:
| 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 |
| Less than $0.25 |
1.5% of principal |
2½% |
| $0.25 - $1.00 |
$35 + ½ ¢ per share |
$39 + 2¢ per share |
| $1.01 - $2.00 |
$35 + 2¢ per share |
$39 + 3¢ per share |
| $2.01 - $5.00 |
3¢ per share |
$35 + 3¢ per share |
$39 + 4¢ per share |
| $5.01 - $10.00 |
3¢ per share for Internet
4¢ per share for telephone |
$35 + 4¢ per share |
$39 + 5¢ per share |
| $10.01 - $20.00 |
$35 + 5¢ per share |
$39 + 6¢ per share |
| $20.01 and higher |
$35 + 6¢ per share |
$39 + 7¢ per share |
| Note: |
Minimum commission (Internet): $29.95 (CDN or U.S.)
(Telephone): $35 (CDN or U.S.) |
Canadian and U.S. equity transactions with a principal dollar value of $2,000 or less: $43 (CDN or U.S.)
Minimum commission: $43 |
Partially filled orders: Full commissions and fees apply for each partial fill, except when transacted within the same business day.
New Canadian stock issues (when available): No commissions
Commissions are in addition to fees charged by the local securities commission as applicable.
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| Mutual Fund Trades |
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Front-Load |
Royal No-Load |
Other No-Load |
BackLoad |
| Purchase |
Varies |
$0 |
$0 |
$0 |
| Switch |
Varies |
$0 |
$0 |
$0 |
| Redemption |
Varies |
$0 |
$40 |
$0 |
| Note: | Mutual fund companies may assess additional fees. On BackLoad funds, switch orders are only permitted within the same family of funds. Often a $40 early redemption fee is charged on funds held less than 90 days |
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| Option Trades |
| Contract price |
Internet |
Automated Telephone Service |
Placed by phone with a person |
| Cdn./U.S. |
Cdn./U.S. |
| Commission / Contract |
Commission / Contract |
Commission / Contract |
| $0.00 - $2.00 |
20% discount off the current options commission schedule. |
10% discount off the current options commission schedule. |
$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 and higher |
$35 + $3.50/contract |
| Note: | Options trades minimum commission: $43 (CDN or U.S.) per transaction. Canadian and U.S. options transactions with a principal dollar value of $2,000 or less: $43 (CDN or U.S.)
Assignments and exercises: Regular equity commission schedule applies |
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| Special Services: |
- Research centre
- Education centre
- Commission calculator
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