Locked: National Bank Direct Brokerage - $0 Commissions FOR ALL USERS - Stock/ETF Trades

CanRulez wrote: ↑ How many monthly trades do you do with Questrade now?

coolgk wrote: ↑ I did close to 35 trade last Q.

Hibbing wrote: ↑ I do about 60 trades a day and cannot imagine being anyhere but IB.

Otugrapes wrote: ↑ Serious question,

I've recently read the wealthy barber and Rich Dad Poor Dad, subscribed to The Canadian Investor Podcast, but I'm still unsure about the best place, for 2020, in our current climate, to learn how to start investing. I understand the ideas, but not how or where to start. I'm someone who has only the most basic experience with financial management, still needs to learn terminology and where to apply it, and step by step methods. Does anyone have any suggestions? Really appreciate any advice or links.

Edit: even a beginner-friendly forum would be helpful!

CanRulez wrote: ↑ What kind of trades? Equity? What’s the share count for each trade approximately?

Read the investing sub forum on RFD and you’ll see lots of websites you can turn to. www.fool.com is a great resource as well.

Hibbing wrote: ↑ Mostly equity scalps. Aim to be in and out in about a minute. Trading on the 30 second candle. Shares? Usually 500-2000

CanRulez wrote: ↑ So $5 to $20 in commissions per trade?

Hibbing wrote: ↑ Average is .49 a trade.

CanRulez wrote: ↑ I was under the impression it was $0.01 per share. Is it actually $0.001 per share?

coolgk wrote: ↑ 0.95/trade commission is for active trader and looks like to be an active trader, someone needs to pay regular commission(6.95X100) for a quarter. Am I understanding correctly?

Excerpt from nbcdb site (https://nbdb.ca/pricing.html#tarification)
"To benefit from active investor pricing, one hundred (100) or more transactions in shares, ETFs or commission options must have been made under the same account root in the previous three (3) months (quarter). You must also receive all your documents by electronic delivery. When these criteria are met, the active investor rate is effective on the first business day of the following month. This criterion must be met on the 1st day of each month to continue to benefit from the commission schedule for active investors. This pricing does not apply to transactions made through a representative, although they are considered in calculating the number of transactions made in the same quarter. Legal entity accounts are eligible for active investor pricing but cannot be combined with an individual account for transaction calculation purposes."

DigOffers wrote: ↑ Not necessarily. ETF trades are free and count toward 100 AS FAR AS I KNOW/REMEMBER! Was active trader up to about a year agoBut now trading less often.

Hibbing wrote: ↑ Depends on your deposit, how active you are and how long you've been with them.

Hibbing wrote: ↑ Depends on your deposit, how active you are and how long you've been with them.

arcty5 wrote: ↑ What's the cheapest broker to do day trading of options?

CanRulez wrote: ↑ IB for Canadian residents. US residents have vastly more options.

arcty5 wrote: ↑ Do they still have the minium $10,000 usd deposit? Or can I use IB with no minimum?

CanRulez wrote: ↑ I believe they have a "lite" version now with no minimum. But seriously, why would you trade options with less than $10,000 USD in your account?