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Questrade vs TD for buying stocks (incl. US stocks)

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  • Apr 13th, 2016 6:39 pm
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[OP]
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Nov 9, 2008
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Toronto

Questrade vs TD for buying stocks (incl. US stocks)

Got like $10k to mess around with and don't want no ETFs or Mutual Funds or whatever. Thinking of opening up a TFSA and just day trading stocks a few times a week for fun while bored at work and learning a bit.

Which of the two do you guys think is better? And what are some tips you have? Thanks. :)
Buy Bell, and you go to HELL! :-0
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Oct 23, 2003
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day trade? TD will probably cost you like a couple of grand a month if you do that at $20-30 a trade or whatever their rates are at now.

stick to Questrade, and if you only have 10k, stick to the canadian market. Especially now with the oil bounce.
[OP]
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Buggy166 wrote: day trade? TD will probably cost you like a couple of grand a month if you do that at $20-30 a trade or whatever their rates are at now.

stick to Questrade, and if you only have 10k, stick to the canadian market. Especially now with the oil bounce.
Isn't TD like $10 per buy and $10 per sell? How much is QT?

When it comes to buying and selling US stocks, is there any special process?
Buy Bell, and you go to HELL! :-0
Member
Dec 15, 2014
383 posts
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Vancouver, BC
Buggy166 wrote: day trade? TD will probably cost you like a couple of grand a month if you do that at $20-30 a trade or whatever their rates are at now.

stick to Questrade, and if you only have 10k, stick to the canadian market. Especially now with the oil bounce.
Man, don't spread misinformation.
TD Rates
$9.99 Flat Standard rate
$7.00 Flat When you complete 150+ trades per quarter
Member
Dec 15, 2014
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Vancouver, BC
Saying that, questrade is still cheaper.
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Aug 25, 2006
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Cambridge
Check interactive brokers, will probably cost you less in commission
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LuckBox wrote: Man, don't spread misinformation.
TD Rates
$9.99 Flat Standard rate
$7.00 Flat When you complete 150+ trades per quarter
I looked at waterhouse a long time ago and i remember it being way more expensive, and having more requirements overall. Maybe it was in regards to something else.
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Jun 3, 2009
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superspud9 wrote: Check interactive brokers, will probably cost you less in commission
I'd recommend IB too if you trade a lot.
[OP]
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Nov 9, 2008
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I think I'm gonna just go with QT because it's cheaper than TD. IB - never heard of it (is it legit?).
Buy Bell, and you go to HELL! :-0
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Oct 11, 2010
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Charlottetown
Nook wrote: I think I'm gonna just go with QT because it's cheaper than TD. IB - never heard of it (is it legit?).
IB is definitely legit, I personally prefer Questrade's interface myself

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