Discount Brokerage News

Questrade Launches Commission Free Exchange Traded Fund (ETF) Buying

Questrade Commission Free ETF

Commission Free ETFs – The New Normal? Earlier this month, Questrade made a major announcement that impacts the commission fees associated with trading or investing in exchange traded funds (ETFs).   Specifically, Questrade has eliminated the commission fees associated with purchasing ETFs so that now any Canadian or American listed ETF is available for purchase commission free.  Naturally with a deal ... Read More »

TD Waterhouse Discount Brokerage is now TD Direct Investing

TD Direct Investing

It looks like TD Waterhouse Discount Brokerage has recently rolled out its new name: TD Direct Investing. With the new name TD Direct Investing comes a much more user-friendly layout to their website, and many more pictures of smiley happy people. After waves of reports and surveys about investors requiring added support and educational resources, it seems like TD’s response ... Read More »

Discount Brokerage Weekly Roundup – Dec 16th 2012

Discount Brokerage Weekly-Roundup

As 2012 draws to a close, it looks like the discount brokerage industry is going into autopilot.  This past week saw the expiry of a couple of promotions. First, Scotia iTrade’s 100 days of unlimited trading offer expired this week.  This leaves Questrade as the only discount brokerage currently offering unlimited trades.   Speaking of Questrade, their “Ring the bell with ... Read More »

Discount Brokerage Weekly Roundup – Dec. 7th 2012

Discount Brokerage Weekly-Roundup

Interactive Brokers made the news this week as it released its trading metrics for the month of November.  While not a perfect proxy for the rest of the investment market, Interactive Brokers’ transaction volumes, known as Daily Average Revenue Trades (DARTs) help to provide an indirect measure of the ‘health’ of the stock market participants including discount brokerages.  November’s data ... Read More »

Discount Brokerage Weekly Roundup – Nov 30th 2012

Discount Brokerage Weekly-Roundup

On the heels of the results from the annual Globe and Mail Canadian Discount Brokerage rankings, the 2012 Morningstar Canadian Investment Awards were handed out on November 28th and included a “Best Discount Brokerage” category.  While not nearly as well known as the J.D. Power and Associates award for Investor Satisfaction, the Morningstar Awards offer discount brokerages the chance to ... Read More »

Discount Brokerage Weekly Round Up – Nov. 23rd 2012

Discount Brokerage Weekly-Roundup

This week the biggest news for discount brokerages came in the form of the 2012 Globe and Mail Canadian discount brokerage rankings.  Rob Carrick’s annual survey of the Canadian discount brokerage industry looked at 12 firms this year. The top spot went to Virtual Brokers which narrowly edged out the six year champ, Qtrade while the bottom ranking company was ... Read More »

Globe and Mail 2012 Canadian Discount Brokerage Rankings Review

winning

Virtual Brokers Takes Top Spot The 2012 Globe and Mail Canadian discount brokerage rankings are out as of today with Virtual Brokers claiming the top spot and displacing the 6 year “reigning champ” of this survey, Qtrade (which came in second), by a razor thin margin. Becoming Globe and Mail’s top ranked brokerage, albeit barely, was a pretty lofty achievement ... Read More »

Questrade to offer unlimited free trades

questrade

We spotted the latest deal offered by Questrade – and it is a big one.  On the heels of Scotia iTrade’s offer of 100 days of unlimited trading, Questrade has responded by offering up to 3 months with unlimited trades.  While a slightly less amount of time than Scotia iTrade’s deal (100 davs vs ~90 days), the Questrade deal offers ... Read More »

Discount Brokerage Weekly Roundup – Nov. 16/2012

Discount Brokerage Weekly-Roundup

Canadian discount brokerages seem to be busy in their workshops planning what to unveil for next year.  Many of the major financial institutions have their financial year end at October 31st which means they’re setting budgets and planning marketing campaigns for 2013.  Because of the upcoming Globe and Mail discount brokerage rankings due out next week (see below), marketing teams ... Read More »