Canadian discount stock brokerage firms
This article first compares discount brokerages to traditional full service brokers. Non-registered accounts Cash account Margin account. Before the advent of discount brokers it used to be that only the wealthy could afford a broker and access to the stock market. You might find it helpful to review some of these topics please note that there has been some minor editing of the topic canadian discount stock brokerage firms. Discount brokerages, also called online brokerstypically offer both registered accounts and non-registered accounts.
Retrieved from " http: Then the types of products offered by canadian discount stock brokerage firms brokers are listed. Then the types of products offered by discount brokers are listed. Discount brokers charge clients significantly lower fees than a traditional full service brokerage firm but without providing investment advice. Over the years on Financial Wisdom Forum there have been a significant number of discussions about various aspects of discount brokerages.
Credit card Line of credit Mortgage. This article first compares discount brokerages to traditional full service brokers. Therefore, discount brokerage accounts are suitable locations to build investment portfolios for retirement or educational purposes.
The types of products that can be purchased in these accounts include exchange-traded fundsstocksbondsGICsmutual fundsand others. A series of YouTube videos canadian discount stock brokerage firms Justin Bender for those who have never used a discount brokerage account:. Over the years on Financial Wisdom Forum there have been a significant number of discussions about various aspects of discount brokerages. In addition some brokers offer no-commission trades to their clients that hold a balance greater than a specific amount with them.
Discount brokerages usually allow their clients to trade for their own account with little or no action with a live broker. When purchasing and holding securities trading on US exchanges, an important consideration is whether the discount brokerage supports both Canadian dollar accounts and US dollar accounts. Navigation menu Personal tools Log in. Criteria useful to select canadian discount stock brokerage firms discount broker that suits your needs are given.