I originally felt that it was smart to get a large number of DRIPs because it would give me something to do (following the many stocks) and establishing more DRIPs would allow me to max out
the broker fee discount I was getting.
Not exact matches
Both investors and companies tend to adore DRIPs — investors, because they're an easy way of acquiring stock without having to pay any
broker's
fees (and DRIPs also spare you the temptation of blowing your dividends on sneakers and tasting menus) Companies like offering DRIPs because they can disperse dividends without having to actually use cash, and because of that, many companies will offer stock at a
discounted rate to those enrolled in DRIPs.
However, interest rates don't account for other loan charges, such as loan
discount points, mortgage insurance premiums,
broker fees, or closing costs.
For a flat
fee, many
discount brokers will simply list your home in the Multiple Listing Service (MLS).
Although, Finvasia charges a specific
fee for the usage of different trading platforms as «Technology Cost», but Scalpert is availed to you for free by the
discount broker.
Bottom line for me: Questrade is a good little
discount broker for experienced traders who understand where the
fees and commissions come from, and most importantly how to minimize them.
The most common offer online brokerages are putting forward are transfer -
fee coverage offers that help pay for the cost of switching
discount brokers.
Samco is a
discount broker that was incorporated recently in 2015 and charges a flat
fee per transaction from its customers.
Ally Invest's commission for no - load funds is $ 9.95 (one of the lowest among brokerage firms), but investors would be better off using one of the other deep -
discount online
brokers — such as E-Trade, Merrill Edge or Interactive Brokers — which offer thousands of funds with no transactio
brokers — such as E-Trade, Merrill Edge or Interactive
Brokers — which offer thousands of funds with no transactio
Brokers — which offer thousands of funds with no transaction
fees.
For now, TradeKing remains a highly respected
discount broker known for providing excellent value; the
fees are among the lowest in the industry but the investment options and available trading tools are numerous.
Typically,
discount brokers will charge an annual administration
fee if the market value of any of these accounts is below a certain value.
However, you can avert some of the
fee bleed by using an ultra low - cost
discount broker (though you will sacrifice some in service).
One very interesting pricing feature is that they have no
fee broker assisted trading, a very rare feature amongst any of the Canadian
discount brokers.
At times,
discount brokers charge hidden
fees and charges that are not explicitly told to you.
The
discount broker charges a fixed flat
fee of $ 20 per transaction across trading segments.
Even so, this past week had a number of stories from various
discount brokers including a new
fee & commission schedule taking effect at a... Read More»
As a result, Vanguard funds are often prohibitively expensive to buy through online
discount brokers like Charles Schwab (NYSE: SCHW), TD Ameritrade (NASDAQ: AMTD), Fidelity, and E * Trade (NASDAQ: ETFC), none of which offer its mutual funds or ETFs in a transaction -
fee - free form.
But, there has been an increase in the emergence of so - called
discount»
brokers and these are the guys that offer to carry out the exact same services for much less... usually a flat
fee.
Charles Schwab (NYSE: SCHW) started out as a physical
discount broker back in the 1970s as brokerage commissions were deregulated, allowing
fees to be decided by market competition.
Factors such as commission charges, inactivity
fees, minimum trading requirements, exit costs and overall accessibility and support should still be taken into account when choosing a
discount broker.
Norm Rothery (also featured in this video interview with Jon Chevreau) recently wrote that the ultra-low commissions offered by the
discount brokers allow investors with large portfolios to buy the stocks that comprise an index directly and avoid the
fees involved in holding ETFs.
While independent
discount brokers such as Questrade and Credential Direct may not provoke the bank - owned
discount brokerages into action, now that CIBC has eliminated this
fee, other bank - owned
discount brokerages might have to take notice.
Unless you're over the 100k mark in assets, their
fees are pretty ridiculous compared to most
discount brokers, but the e-series mutual funds will let you buy in with smaller amounts and will be cheaper or comparable in
fees until your assets get to a critical mass.
Administration
Fees and Commissions Scotia iTrade's biggest attraction is the low fees, which are lower than that of the big bank brokers but higher than deep - discount brokers such as Questrade (See: Questrade Review) for accounts of modest s
Fees and Commissions Scotia iTrade's biggest attraction is the low
fees, which are lower than that of the big bank brokers but higher than deep - discount brokers such as Questrade (See: Questrade Review) for accounts of modest s
fees, which are lower than that of the big bank
brokers but higher than deep -
discount brokers such as Questrade (See: Questrade Review) for accounts of modest size.
Don't worry too much about transfer
fees: Transfer
fees may apply to move your portfolio over to a
discount broker but they won't likely be more than $ 100.
For RRSP investors, the $ 79 annual
fee may wash out any cost advantage over low - cost
discount brokers.
Don't delay your plan because of these
fees — instead ask your
discount broker if they will give you a rebate to cover them.
This rate is subject to change since
discount brokers are consistently lowering their
fees in order to attract more customers and gain market share.
High Interest savings accounts offered through
discount brokers currently offer an yield of 1.25 %, which is pretty much exactly the same as XFR's yield of 1.46 % less the management
fee of 0.20 %.
Trading
fees for online
discount brokers range anywhere from $ 4.95 to $ 20 but most are between $ 7 and $ 10.
One from a
discount broker lowering their commission
fees and another from a
discount brokerage customer service evaluation.
Tom Drake from Canadian Finance Blog was recently featured on the Globe & Mail — he uses low cost ETFs and a
discount broker to keep his investing
fees low.
As you can see, if your goal is to build a diversified portfolio with ETFs, you really don't have to go with other
discount brokers and pay a
fee when investing ETFs with them.
There are several different types of
brokers, ranging from full - service
brokers who may charge you high
fees for the substantial advice they offer, to
discount online
brokers who only charge very minimal
fees in exchange for executing your trades.
I personally prefer
discount brokers such as those listed above because of the low
fees they charge.
Personally, I prefer to pay less in
fees and keep more of my money, so I prefer
discount brokers.
Evidently, there's a race to the bottom in trading commissions seeing as how there are new
discount brokers popping up with various free / low -
fee commissions and now, multiple large names are offering trading on ETFs they manage or have relationships with absolutely free.
After the management
fee distribution
discount of.63 % or.68 %, how much trailing commission do you think CIBC pay to the
broker?
According to CIBC prospectus,.25 % trailing commission is paid to
broker when management
fee distribution
discount is not involved.
It tracks exactly to the price of gold but you can buy and sell as needed with no hassle and the cost is whatever the trade
fee is with your
broker (hopefully you use a
discount broker).
Similarly, assuming you click through from links on this site, we receive a referral
fee if you sign up with online advisors Finhabits or Personal Capital, open an account at
discount brokers TD Ameritrade or Ally Invest (formerly TradeKing), sign up with digital savings assistant Trim, use H&R Block or TurboTax, use CreditSesame.com, get legal documents through LegalZoom, subscribe to Bloomberg Businessweek, or make a purchase from Barnes & Noble.
Other times, especially in the case of a
discount or on - line
broker, the commission may be a flat
fee.
Online
discount brokers tend to charge the lowest
fees on trades and ongoing account maintenance.
On the other hand,
discount brokers merely execute your orders and charge a lesser
fee as compared to full service
brokers.
Even though
discount brokerages don't provide advice, they collect the same trailer
fee as full - service
brokers and advisers, which investor advocates like Bradley say is unfair.
Especially since you generally have to pay a several percent comission both to buy and to sell, where as with a stock like GLD you would pay a small fixed
fee at a
discount broker.
I bought many of my DRIPs in late 2007 and early 2008 because I was getting a
discount on the
broker fees due to a one time annual subscription to Direct Investing's «Money Paper.»
Over the course of 2013, this
discount broker made a few announcements, most notably regarding their elimination of RESP account
fees.
With revenues falling at
discount brokers it is worth a call to suggest they waive the
fee for one year so as not to be seen as
fee vultures in a crashing market.
I figured i'd go with a low cost
discount broker and not worry with trailer
fees ever again.