Feb 9th, 2020 4:45 pm
Feb 9th, 2020 9:05 pm
Feb 10th, 2020 7:02 pm
You didn't pay commission on these because they're ETF's.095179005 wrote: ↑ Questrade can have zero commissions if you buy, under the right conditions.
I bought IJS and IUSV a couple weeks back on Questrade - no commissions.
At first I thought it was an error or something, but then I checked TMX to see what my trades looked like, and it said that it used NSD/NDD as the exchange/market, which was NASDAQ. Questrade doesn't seem to have fees listed for NASDAQ trades. Maybe because it's a dealer market?
https://web.tmxmoney.com/quote.php?qm_symbol=IJS:us
https://support.quotemedia.com/support/ ... group-list
In any case for $0 commissions you should always buy in multiples of 100 and at the bid price.
Selling on Questrade is not commission free.
Feb 10th, 2020 8:25 pm
Feb 11th, 2020 5:32 pm
Feb 11th, 2020 6:39 pm
ECN fees do not apply on every trade, they are only charged when a buy or sell order “removes liquidity”.kyxd wrote: ↑ my experience in Questrade US ETF buy there is no ecn fee. no idea why someone says they go to clearing company so that orders are internalized rather than going to an ECN. It may results in sub-par executions but at least it avoids ECN fees?
http://forums.redflagdeals.com/shafted- ... #p30778438
that said I don't feel the price execution is sub-par so YMMV. For long term buy (dollar cost averaging) the difference probably doesn't really matter.
I am actually buying VTI/QQQ 1 share daily without fee (no commission/ecn)
TSX buy would result in ECN fee unless you work around it
Feb 11th, 2020 6:56 pm
I’m aware. I don’t consider ECN fees as commissions but I can see how some would. Like others have mentioned ECN are a bit more inconstant in my experience as well. For the qty of shares I buy typically buy I find it irrelevant and don’t give it a second thought.095179005 wrote: ↑@AllanMar
On Questrade you get charged ECN fees whenever you make non-marketable orders or buy at the ask price.
I should have been charged $0.01 and $0.03 on my purchases but wasn't.
https://www.questrade.com/pricing/self- ... ransaction
