Best online stock trading service canada
I have never invested in the stock market before, and I am thinking about signing up for an account with Questrade. I'm Canadian and I would like to invest in the U. That best online stock trading service canada said, should I sign up with a U.
They have a Canadian website optionsXpress. So if I am primarily trading in U. I'm not sure if my Canadian funds have to be exchanged for U.
And depending on which broker I go with Canadian or U. Is it better tax wise capital gains tax for me to open with a Canadian or U. Any help on this matter would really help me best online stock trading service canada. If you are a beginner make sure that you have a good phone help service. Consider such things before you choose your online broker, and others: Any online broker will pass your order in the second if is a market order, but do they care to give you a lower price when you give a best online stock trading service canada order?
I always give my orders for more than one day, "all or nothing": I sometimes miss, but most of the best online stock trading service canada I get it in the same day, and often at least part of it at a best online stock trading service canada price than my limit But be very carefull with their "home recommendations": Thanks for you reply garilou.
I was wondering since you are with an online Canadian brokerage do you get withheld tax on your U. And if so do you get Canadian tax credits on that withheld gains tax? Or because you are with a Canadian broker you are not withheld tax on your U. Capital gains made in Canada, even on US stocks, are declared in your Canadian tax return, because they are not incomes coming from the US, or foreign income as opposed to real income coming from the US. Best online stock trading service canada month I receive offers to buy my "properties"!
I bought them from my mom who had received them from her father. I guess this will stay in the family for generations: The sell is converted at the official year average from the CCB published at the end of the year. And then they are simply compiled together with the Canadian stocks capital gains or losses if you have also traded on Canadian stocks.
Does this answer your question? I think I forgot to mention: TD Waterhouse charges 9. Under that, the commissions are higher: Lots of discount brokers do the same, but some offer a very low commission even with smaller total capital. But do they offer all the reports that you get for free on TD? Even the Royal Bank where my husband used to trade did not offer them: A for the technical part, they have Recognia, which send daily alerts.
Gees you could think I'm promoting them, whereas Best online stock trading service canada still oft complain to them. Well, not that often Good luck, and if you don't mind, I would like to know eventually which broker you have chosen.
Hi Louise, Thanks very much for all of the helpful information. It is much more clear to me now how taxes work on stock sales. I am glad to hear that I can declare my gains in my tax return and not have to worry about a large percentage being withheld on my gains. When I became interested in trading, I began searching the net for the best online best online stock trading service canada, whether it was a U.
When I was searching I became skeptical of the really low commission brokerages because I was worried how safe my money was with them. I found several good discount online brokerages, even U. Sand Questrade Canadian are the few that have caught my eye and I am interested in. From articles and forums I have read, it seems like a lot of Canadians use Questrade as their online discount broker. I don't know if this really makes a difference when depicting which companies are "better", but with public brokerages it is nice to know where they stand financially, especially when they are holding your money.
I will also look at TD Waterhouse to see if they are right for my purposes. My experience from searching for the "best" online brokerage is that their is no one best brokerage that encompasses every investor's needs and each of them offer different pros and different cons.
I appreciate all of your help, and I will let you know which brokerage I choose. Hopefully I will decide within the next few days cause I am excited to start trading and I know it takes a while to open and fund a new account.
BMO Bank of Montreal 6. Free Chequing Accounts 9. Free Savings Accounts 9. ING Direct Canada 4. No Fee Credit Cards 6.
RBC Online Investing 1. Scotia Bank Canada 6. Scotia iTrade Canada 1. TD Canada Trust 6. TD Waterhouse Canada 1. Questrade is a Canadian owned and operated online discount investment brokerage for Canadians.
Questrade was established in and since than has been providing Canadians with the lowest online trading commissions, along with many other unique services and products you won't find at any of Canada's larger banks and brokerages.
Questrade is our top rated online stock trading site best online stock trading service canada Canadians. No trade requirement needed. No yearly or monthly activity or innactivity fee's either. Trade Stocks, Mutual Funds, Forex and Gold in your Questrade Account Questrade makes it very easy best online stock trading service canada trade just about any security you wish all from the same account.
Questrade offers a full service trading environment that is easy to use and understand. Best online stock trading service canada up your Questrade Canada Online Trading Account Setting up a new account at Questrade is quick and easy, and can be completed online or offline.
To set up an account online, simply Visit Questrade and click on the "Open Account" tab at the top of the screen. Be sure to have your personal information handy and simply follow the steps. If you wish to set up an account offline, via mail or if a Questrade branch is close by, you can print off the forms and fill them out and send them in.
Once your account is registered online, you will best online stock trading service canada an account number and password and can begin to fund and trade in your new Questrade account. How to Fund your Questrade Canada Account Canadians can fund their Questrade online investment accounts a number of ways. The easiest way is to use the bill payment option from your regular online chequing or savings account.
You can also set up pre-authorized payments from your bank account, or traditional bank wire. You can also fund your Questrade account should you wish to transfer investments from another institution or send a certified or non-certified cheque. Transfering your investments to Questrade Canada You may be unhappy with your current broker who handles or RRSP's or other investments, or maybe you want to switch to Questrade for the lower commissions.
This can be done very easily. Simply set up a Questrade account first, and all you have to do is fill out a one-page transfer request form and Questrade handles the rest. Online InvestingQuestrade Canada. Ally Bank High Interest Savings 2. All times are GMT. The time now is