Table of Contents:
- Overview of Common Account Types & CIPF Membership
- Commission Fees and Funding Requirements
- Overview of Registered Accounts – Fees and Funding Requirements
- Overview of Mobile Trading Enabled Sites
- Overview of Options Commission Pricing
Last Updated: February 2014
Deciding between online discount brokerages is a difficult task if you are not sure of what you want or need going in. The good news is that there are accounts to suit all types of traders/investors from very passive investors to ultra-high frequency traders. While there is more that goes into deciding which discount brokerage to go with than commissions and fees (such as Platforms & Trade Execution, Account Management & Customer Service and Research Tools & Education) simplifying the costs of opening and using a brokerage account is the most important step to understand. This discount brokerage pricing review comparison will help you do that.
For passive investors or and/or those without large amounts to invest, the pricing structure for commissions and account fees is definitely very different than for those who are very active traders or who have more than $50 000 in investment assets.
Convenience also plays a large role for most people, with many individuals preferring to have a “one stop shop” for all their financial needs. While that is certainly a valid option, if one is very active in the market they can certainly save a substantial amount of money by looking for the best price for their trading needs.
To learn more about how to choose an online discount broker you can click here. There are also some additional resources that may be of help: The first is an explanation of the JD Power Investor Satisfaction rankings and the second is an explanation of how the Globe and Mail discount broker rankings work.
To learn about pricing at a specific online discount brokerage, you can click on their name below and see our detailed pricing review.