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Best Canadian brokerage firms: top stock brokers in Canada


	Questrade Trading Fees and Products Stocks and ETFs: 1 cent per share, $4.95 minimum, $9.95 maximum per trade Options: $9.95 plus $1 per contract All options assignments are $12.95 flat Mutual funds: $9.95 Gold: $20 per trade International stocks: 1% of the trade value (minimum charge of $125 USD) Bonds: $30 per trade Forex: spreads as low as 1-2 pips on the major currency pairs Investment products: stocks, options, mutual funds, international stocks, gold, CNSX securities, bonds, term deposits, GICs, ETFs Questrade minimum deposit to open account: $1,000 ($250 minimum to keep an account open) All Questrade fees Questrade login, Questrade promotional code Questrade Pros Very good commissions on all products Ability to buy physical gold No surcharges for large orders, penny stocks, or extended hours trading Ability to hold U.S. dollars Forex trading is available Online Trading Academy courses Checking account (but with annual fee) Questrade Cons Customer service needs improvement No research reports Quarterly $20 inactivity fee if no trades in a quarter AND account balance less than $5,000 Outgoing ACAT: $125 - most companies charge this fee, but few set it so high Best Canadian Brokerage Review Questrade Review Questrade Promotion Link - $50 in free trades when you open account:

	OptionsXpress is a US brokerage that upon review and at their discretion will accept accounts from Canada residents. Although their account opening process is geared toward opening accounts for persons with a U.S. domestic address, they will review and open foreign accounts depending on the country of residence and at their discretion. OptionsXpress Commissions and Products Stocks and ETFs: $8.95 Options (active traders): $12.95 for up to 10 contracts, $1.25/contract for over 10 contracts Options (non-active traders): $14.95 for up to 10 contracts, $1.50/contract for over 10 contracts Mutual funds: $9.95 Bonds: $5 per bond, $9.95 minimum Futures: 1-40 contracts $6.99; 41-100 contracts $5.99; 101-300 contracts $4.99; 301-1,000 contracts $3.99; 1,001 + contracts $2.99 Options on Futures: 1-40 contracts $12.99; 41-100 contracts $8.99; 101-300 contracts $7.99; 301-1,000 contracts $6.99; 1,001 + contracts $5.99 Covered Calls: $22.90 up to 10 contracts Penny Options: 1-10 contracts $4.95 flat; 10 + $0.50/contract Spreads, Straddles & Combos: 2-10 contracts - $12.95 Flat (active traders) $14.95 Flat (non-active traders); 10 + contracts - $1.25/contract (active traders); $1.50/contract (non-active traders) Investments: stocks, options, mutual funds, bonds, futures, options on futures, covered calls, ETFs OptionXpress minimum deposit to open account: $0 for cash account, $2,000 for margin account All OptionsXpress fees OptionsXpress Pros Best customer service Many well-designed trading tools and cutting-edge trading technology Free streaming quotes $100 bonus for opening new account No fee IRA accounts Great research Free virtual trading No money down to open new account Free account transfers Free instructor-led online classes Free broker-assisted trading Free DRIP: dividend reinvestment plan (contact customer service to set up) No platform fees OptionsXpress Cons Higher than average commissions on stocks and ETFs Full Review OptionsXpress Review OptionsXpress Promotion Link - $100 bonus when you open account:

	Etrade Commissions and Products Stocks and ETFs: $9.99 if 0-149 trades per quarter; $7.99 if 150+ trades per quarter Stocks and ETFs broker assisted: $34.99 if 0-149 trades per quarter; $32.99 if 150+ trades per quarter Options: $9.99 plus $0.75/contract if 0-149 trades per quarter; $7.99 plus $0.75/contract if 150+ trades per quarter Mutual funds: $19.99 Futures contracts: $2.99 per contract, per side + fees Forex: markup or markdown will be included in the prices quoted on the ETRADE FX trading platform Fixed Income: markup or markdown and any transaction fee will be included in the price quoted Bonds: $1 per bond (minimum $10, maximum $250) for online secondary market trades. Includes Agency bonds, Corporate bonds, Municipal bonds, Brokered CDs, Pass-thrus, CMOs, Asset Backed Securities. Investment products: stocks, bonds, mutual funds, forex, fixed income, futures, options, ETFs Etrade minimum deposit to open account: $500 for non-retirement cash account, $0 for retirement cash account, $2,000 for margin account All Etrade fees Etrade Pros Very powerful trading tools No IRA account fees, and no minimums with electronic statements and confirmations Minimum to open: $500 for cash account, $2,000 for margin account Banking products: checking, savings, money market accounts, CDs and credit cards No surcharges on large orders or penny stocks Great research amenities (S&P, MorningStar, Thompson Reuters, Credit Suisse, Smart Consensus) Access to trading on 40 foreign exchanges Free streaming quotes Very broad selection of products: 8,000 mutual funds, every ETF sold, over 30,000 bonds, securities from 77 international markets, 1,300 no-load, no-transaction-fee mutual funds, 90 commission-free ETFs Etrade Cons High commissions on all investment products $25 quarterly account maintenance fee if account balance is less than $5,000 or less than two trades were executed in the prior six months High margin rates $0.005 per share surcharge on extended hours trades (ECN fee) and on trades executed through ETRADE Pro at an ECN during both regular market and extended hours sessions E*TRADE Pro platform is available at no charge only to customers who execute at least 30 stock or options trades during a calendar quarter Full Review Etrade Review Etrade Promotion Link:
This article was updated on 01/23/2013.

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