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

Apr 12th, 2016 7:14 pm

#1

Guest39482839 [OP]: Deal Addict; Nov 9, 2008; 4465 posts; 423 upvotes; Toronto

Apr 12th, 2016 7:14 pm

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!

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Apr 12th, 2016 7:40 pm

#2

Buggy166: Deal Fanatic; Oct 23, 2003; 8095 posts; 1637 upvotes

Apr 12th, 2016 7:40 pm

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.

+1

Apr 12th, 2016 8:02 pm

#3

Guest39482839 [OP]: Deal Addict; Nov 9, 2008; 4465 posts; 423 upvotes; Toronto

Apr 12th, 2016 8:02 pm

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!

Apr 12th, 2016 8:16 pm

#4

LuckBox: Member; Dec 15, 2014; 383 posts; 558 upvotes; Vancouver, BC

Apr 12th, 2016 8:16 pm

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

+1

Apr 12th, 2016 8:18 pm

#5

LuckBox: Member; Dec 15, 2014; 383 posts; 558 upvotes; Vancouver, BC

Apr 12th, 2016 8:18 pm

Saying that, questrade is still cheaper.

+1

Apr 12th, 2016 10:24 pm

#6

superspud9: Member; Aug 25, 2006; 250 posts; 46 upvotes; Cambridge

Apr 12th, 2016 10:24 pm

Check interactive brokers, will probably cost you less in commission

+1

Apr 12th, 2016 10:56 pm

#7

Buggy166: Deal Fanatic; Oct 23, 2003; 8095 posts; 1637 upvotes

Apr 12th, 2016 10:56 pm

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.

+1

Apr 13th, 2016 10:33 am

#8

cn_habs: Deal Fanatic; Jun 3, 2009; 5106 posts; 1052 upvotes; Montreal

Apr 13th, 2016 10:33 am

superspud9 wrote: ↑Check interactive brokers, will probably cost you less in commission

I'd recommend IB too if you trade a lot.

+1

Apr 13th, 2016 6:24 pm

#9

Guest39482839 [OP]: Deal Addict; Nov 9, 2008; 4465 posts; 423 upvotes; Toronto

Apr 13th, 2016 6:24 pm

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!

Apr 13th, 2016 6:39 pm

#10

jfall: Sr. Member; Oct 11, 2010; 977 posts; 323 upvotes; Charlottetown

Apr 13th, 2016 6:39 pm

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

+1