Who’s charging more? Comparing online brokerage commissions

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Broker Rankings

Who’s charging more? Comparing online brokerage commissions

Rob Carrick

Globe and Mail Update

Published Tuesday, Nov. 09, 2010 6:28PM EST

Last updated Monday, Nov. 15, 2010 1:03PM EST

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*Editor's note: Due to incorrect information provided by the company, an earlier version of this chart contained incorrect information for HSBC InvestDirect in the '1,200 shares of a $30 stock' column. This version has been corrected.

Stock trading commission comparison: Here are the online stock trading commissions that would apply in three different situations. Where two prices appear, the first applies to clients whose accounts are big enough to qualify for commission discounts and the second applies to small accounts. Discounts for active trading are not included. Check with individual firms to see how big your account needs to be to qualify for lower commissions.

	200 shares of a $30 stock	1,200 shares of a $30 stock	20,000 shares of a $1.95 stock
BMO InvestorLine	9.95/29	9.95/36	9.95/585
CIBC Investor's Edge	6.95/28.95	6.95/36	6.95/585
Credential Direct	19	24	250
Disnat	9.95/29	9.95/36	9.95/585
HSBC InvestDirect	9.98/29	9.98/36	9.98/585
National Bank Direct Brokerage	9.95/28.95	9.95/36	9.95/585
Qtrade*	9.95/19	9.95/30	9.95/400
Questrade*	4.95	9.95	9.95
RBC Direct Investing	9.95/28.95	9.95/36	9.95/585
Scotia iTrade	9.99/19.99	9.99/24	9.99/400
ScotiaMcleod Direct Investing	28.95	36	400
TD Waterhouse	9.99/29	9.99/36	9.99/585
Virtual Brokers*	5	6.49	6.49