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Online brokerage comparison tables 2013 Add to ...

Stock Trading Commission Comparison

Here are the online stock trading commissions that would apply in three different transactions. Where multiple prices appear, the first applies to clients with accounts big enough to qualify for commission discounts and the second applies to small accounts (see footnote for details on CIBC Investor’s Edge). 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.
Firm200
shares
of a
$30 stock
1,200
shares
of a
$20 stock
10,000
shares
of a
$1.50 stock
BMO InvestorLine 9.95/29 9.95/36 9.95/225
CIBC Investor's Edge6.95/9.95/28.95 6.95/9.95/36 6.95/9.95/225
Credential Direct1924200
Disnat (Classic) 9.95/29 9.95/36 9.95/225
HSBC InvestDirect 9.88/28.88 9.88/28.88 9.88/225
Nat'l Bk Direct Brkrge9.95/28.95 9.95/36 9.95/225
Qtrade 9.95/19 9.95/30 9.95/200
Questrade4.959.959.95
RBC Direct Investing9.95/28.95 9.95/36 9.95/225
Scotia iTrade9.99/24.99 9.99/36 9.99/300
TD Waterhouse 9.99/29 9.99/36 9.99/225
Virtual Brokers29.999.99
Notes: Qtrade and Questrade may in some cases charge additional electronic network (ECN) fees; For limit orders placed by clients with less than $50,000, Qtrade charges an additional $4 per trade; Virtual Brokers has three commission plans - the one shown here is called "The Penny"; CIBC charges $6.95 to clients who have $100K in household business with the bank.

Forex Comparison

As part of this year's online brokerage ranking, firms were asked how much they would have charged a client to buy 100 and 1,000 shares of Microsoft at a price of $30 (U.S.) per share. Here's the price quoted by each broker, including foreign exchange charges, effective on the morning of Oct. 1. Stock-trading commissions are not included here.
Firm100 shrs
transaction
cost in C$
1,000 shrs
transaction
cost in C$
BMO InvestorLine3,096.0030,960.00
CIBC Investor's Edge3,144.9031,254.00
Credential Direct3,153.3031,218.00
Disnat3,150.3031,233.00
HSBC InvestDirect3,151.5031,545.34
Nat'l Bk Direct Brokerage3,139.5031,200.00
Qtrade3,117.9031,089.00
Questrade3,158.8231,588.20
RBC Direct Investing3,143.1031,191.00
Scotia iTrade3,148.5031,245.00
TD Waterhouse3,140.4031,194.00
Virtual Brokers3,120.3031,203.00

Interest rates on margin debt

In a margin account, an investor borrows money from his or her broker to buy securities. These are base rates that apply to Canadian-dollar balances; lower rates may apply on larger balances.
FirmRate
BMO InvestorLine4.25%
CIBC Investor's Edge4.25%
Credential Direct5%
Disnat4%
HSBC InvestDirect4.25%
Nat'l Bk Direct Brokerage4.25%
Qtrade4.50%
Questrade6%
RBC Direct Investing4.25%
Scotia iTrade4.25%
TD Waterhouse4.25%
Virtual Brokers4.50%

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