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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: TD Waterhouse
Web Site: http://www.tdwaterhouse.ca/
Customer Service: Phone: 1-800-465-5463
E-mail: edshelp@tdbank.ca
Mailing Address: Toronto:
  Toronto Dominion Centre
  Concourse Level One
  55 King Street West
  Toronto, Ontario
  M5K 1A2
(For the location nearest to you, please check TD Waterhouse's Branch Directory)
 
Service / Accounts Available:
  • Cash and margin accounts
  • Self-directed RSPs and RIFs accounts
  • Basic RSPs and RIFs accounts
  • RESP accounts
Commission Schedule / Fees: (For the most up-to-date prices and conditions, please visit TD Waterhouse)
Equities

Up to 1000 shares valued at more than $2.00:

  • WebBroker order: $29.00
  • TalkBroker order: $29.95
  • TeleMax order: $35.00
  • Wireless order: $29.00
Over 1000 shares
Share price Internet (WebBroker), Automated Telephone Service (TalkBroker), and Wireless Automated Telephone Service (TeleMax) Placed by phone with a person
Cdn./U.S. Cdn. U.S.
Commission / Price Commission / Price Commission / Price Commission / Price
Less than $0.25 1.5% of principal
$29.00 minimum - WebBroker
$29.95 minimum - TalkBroker
$29.00 minimum - Wireless
1.5% of principal
$35.00 min.
2½ % 3%
$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
(if more than 1000 shares)

(if less than 1000 shares minimum applies)
4¢ per share
(if more than 1000 shares)

(if less than 1000 shares minimum applies)
$35 + 3¢ per share $39 + 4¢ per share
$5.01 - $10.00 $35 + 4¢ per share $39 + 5¢ per share
$10.01 - $20.00 $35 + 5¢ per share $39 + 6¢ per share
$20.01 - $30.00 $35 + 6¢ per share $39 + 7¢ per share
$30.01 and higher $39 + 8¢ per share
Note: Transactions with principal values less than $2,000 will be charged a flat fee of CDN $43, U.S. $43. A minimum commission of $43 is charged for each trade. Transactions with principal values over $250,000 are fully negotiable for both Canadian and U.S. trades.
Full Electronic Brokerage Services commission and fee charges apply for each partial fill except when transacted within the same business day. U.S. Commissions are quoted and charged in U.S. dollars.

 
Mutual Fund Trades
Various fees based on the type of mutual fund. Visit the site for the complete commission schedule.
 
Option Trades
Contract price WebBroker and TalkBroker Telemax Placed by phone with a person
Cdn./U.S. Cdn./U.S.
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 - $4.00 $35 + $3.00/contract
$5.01 and higher $35 + $3.50/contract

 
Special Services:
  • Real-time quotes, news, charts
  • Newsletters, seminars
  • Investment plans
  • Speech recognition service for phone quotes
  • Wireless service

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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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