Are there advanced platforms for active traders? Can you purchase bonds and GICs online? How long does it take to respond to a general email? What can be traded using apps or mobile browser? Customer Email Responsiveness program. What extra benefits are available to active traders? Are lower or higher commissions charged in different circumstances? Does the brokerage provide personal rates of return? Be welcoming and friendly. But, I basically agree.
Be patient with them. He will also link to the relevant wiki page. Use a mix of context, explanation, and sources in your answer. If you have heard or read something which might be related to the question, and you want to check it, then make sure you ask it as a question. We have a few AutoMod triggers that result in the bot posting an answer to commonly asked questions. Especially since OP is talking about spreads, etc.
Thanks in advance for your input! Do not just post links to other sites as an answer. This subreddit is for discussion of personal finance in Canada. If you add any of these terms to your comment AutoMod will immediately reply to your comment with an answer. Read before posting or commenting. And I think TD does too. Partly because Options can eat up your available Margin amount quickly if it turns against you.
We will evaluate if your topic is suitable for the subreddidt and will set a date to avoid conflicts. IB make a market in Canadian options? Canadian broker applying PDT. As far as Think or Swim is concerned, TD Waterhouse is planning to roll it out in Canada sometime next year, they have been working for a while on getting access to Canadian exchanges with TOS, originally it only covered US markets. They have very stiff requirements for granting options permissions though. The number of horror stories on the web forums about them far outnumbers complaints about any other Canadian broker. With OptionsXpress Canada having been absorbed by Virtual Brokers, I guess for commissions low enough for small nibbles that only leaves Interactive Brokers Canada now.
The problem with both IB and OX is that they both apply Pattern Daytrader Rule to Canadian residents. Montreal Exchange after their trading floor was closed. TOS, to operate with Canadian securities. The other broker to look at would be Virtual Brokers. Not something I am too familar with. Canada who can get you filled on options on instruments traded in Canada.
The next broker to look at should probably be Jitney Trade. Has anyone more recent positive experiences? If you courier the paperwork and wire the funds, the account will be opened and ready for trading the next day, assuming you just fund it with cash, transferring securities is a recipe for problems with any broker. They are in the retail game for just over a year and still trying to built the customer base. AxisPro, currently offered as a premium platform. They got bought by scotia and all accounts are being migrated over which sucks because tradefreedom had great charting and scotia have terrible charting.
Canadians unless the brokerage has a Canadian office, among other hoops that need to be jumped through as well. Unfortunately I agree with the sentiment expressed in previosu posts on thsi topic. So that scratches a huge portion of discount brokers off the list. Here are some ideas. Last post is more than a year old. We get robbed by the ones who can do business with us, with the sole exception of IB which charges the same to Americans and Canadians. So your diagram will be only 1 equilibrium very.
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Canadian university student and would like to start real small with my tfsa, would interactive brokers be right for me? Questrade but their commissions are very high for small lots. You can use TOS in Canada but you can only trade american securities on it. There is probably no way I can avoid a tax of some kind to be able to trade American stock options with my tfsa account as a student right? They charge for TFSA and RRSP so I currently have mine with Questrade. Questrade has free snap quotes which are ok. Any insight would be very helpful. Their interface is way easier to customize initially than IBs as well. Interactive Brokers is my favourite so far. Questrade does free Snap quotes whereas you either have to trade a reasonable amount or pay for data at IB. So sorry for the barrage of questions, good information on this stuff is REALLY hard to find. For anyone who lives in Canada, which broker do you use for trading options? Seems a bit cheaper but not by much.
US it drops down to 2or3k. Questrade but get killed with fees on options. Found it a bit hard to navigate with that big of a delay. Amazing answer, thanks so much! If they had LIRAs I would switch since I want to run covered calls on everything which IB would be better for. Or does that tfsa tax just make IB not even worth it for my situation? We have uncovered these special opportunities for years and subscribers have asked for more. We store subscriber and password files containing personal information securely.
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