Besides Interactive Brokers anyone know a good online broker to buy Canadian mining shares?
TD Ameritrades give you access to Canadian Markets
Thanks. Is the commission for trading Canadian stocks also $9.99 or is their an extra fee? Their prices are high
I think it's pretty convoluted. I have thinkorswim and with the migration over to TD Ameritrade I was curious as well. I think I remember seeing the commissions for Canadian stocks was around $20 per trade PLUS a fee for converting to the Canadian dollar. I tried looking for that page again and I can't seem to find it anymore.
Damn that is spendy. I wish more US brokers would give access to the markets of our friends up north. I know I would like to get some more Stakeholder Gold, spin off from Hinterland Minerals.
9.99 is better than 20.00 cad that etrade charges. Not sure who the cheapest broker would be maybe IB?
Looking at Questrade but they only open accounts for Canadians. Will give them a call and see if something can be worked out
I think that tradeking is the cheapest one, not sure if they have access to Toronto Stock Exchange.
I was thinking of opening a new online account outside of fidelity, I also use a broker for 90% of my juniors. So I began doing research. First here is a good article
on Casey's site on purchasing pink sheet stocks.
So when I searched this forum for a thread and online brokers I found alot of mentions of TD America which doesn't trade on the TSX which is weird since their a Canadian Bank. So my question to all of you, are you all buying these stocks through an the US OTC markets and paying hidden charges and comissions.
I called up everyone of Casey's online brokers and I didn't get consistent answers with what he wrote in the article.
Scottrade does not trade on foreign exchanges. Penn Trade there is no demo of their interface. IB interface not to my liking. Charles Schwab costs $100 for each transaction. They don't like Etrade but they do trade on foreign exchanges but it's 20 bucks which actually is cheaper than all the others
I would avoid AmeriTrade as they are too expensive for the kind of service their provide. For Canadian stocks I would go for OptionsXpress or TD Waterhouse. Though if you want a really descent trading fee & a good service you might want to stick with OptionsXpress, but if you are looking for a local trading where you can hunt the investment firm at your nearest bank branch the TD Water House will fit. I am currently using both where I used OptionsXpress for most of my stocks trades and TD WaterHouse for my mutual fund. To even see more of how OptionsXpress compare to other stock brokers like Etrade & TD Ameritrade, you will want to look at the below two comparisons:
Anyway my final advice. If you are begineer or have a small capital to invest then OptionsXpress is your best bet, else any of these is a fair game.