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Trading

Results from The Globe’s online brokerage satisfaction survey

Globe and Mail Update

As part of the Globe and Mail's 12th annual ranking of online brokers, we asked selected users of Globeinvestor.com and ReportonBusiness.com to complete a survey about their online broker, and online investing in general. Here are some of the questions we asked, along with the replies.

For more rankings, see:

How happy are you with the services at your online broker?

Response Count Percentage of respondents
Very Happy 675 52.8%
Somewhat Happy 519 40.6%
Somewhat Unhappy 64 5.0%
Very Unhappy 21 1.6%
Total 1,279 100%

Would you recommend your online broker to others?

Response Count Percentage of respondents
Yes 1,105 86.4%
No 174 13.6%
Total 1,279 100%

Do you feel your online broker is...?

Response Count Percentage of respondents
Trying to help you invest successfully by offering lots of tools and services 777 60.8%
Just an order taker for buying and selling securities 502 39.2%
Total 1,279 100%

Which attribute is most important to you when dealing with an online broker? (Choose one)

Response Count Percentage of respondents
Inexpensive commissions and fees 651 50.9%
Tools for researching securities and financial planning 192 15.0%
Fast trade execution 151 11.8%
A full range of investments, including a variety of bonds and mutual funds 138 10.8%
Detailed account information and performance reporting 85 6.6%
A sophisticated website 62 4.8%
Total 1,279 100%

Send questions and feedback to OnlineBrokers@globeandmail.com