www.qTrade.ca with investor infos from the financial groupFinance
Online trading has risen in popularity, and in fact has been around
about as long as the internet. Canada has its share of options, meaning
finance trading companies that are not based in the United States and
offers the same spectrum of services. One of them is Qtrade, or
qtrade.ca, and they boast they are the the best independent option on
They offer competitive incentives, such as not having any mutual fund fees. Paying members are granted access to a database of research, as well as their own proprietary market leading tools. Like American E-trade, Qtrade sells shares at broker fee of only $7.00. This is the Canadian dollar, but investors can use American currency as well. There is the implication that fees can differ according to the customer and what is being bought or sold.
Customers are given a choice of what currency they use when they establish an account, and a single account can only use one currency. Investors can register as a corporation, private investor, or partnership; and these differences reflect small business classifications and their related taxes. Cash and margin accounts do not require maintenance fees; qtrade.ca only charges for what you actually trade. Canadian citizens have the option of signing up for a legally sanctioned Tax Free Savings Account. Intended to serve a similar function to the American 401K plan, private citizens are allowed to invest up to $5000 Canadian dollars each year for long term savings. As stated, these retirement funds are not taxed by the Canadian government.
Headquartered in Vancouver, Qtrade is a member of the Investment Dealership Association of Canada and services financial institutes and their customers across the provinces. They offer trades in both American and Canadian shares, and also deal with investments into mutual funds. They are wrapped into several sectors of North American trade, and all the while promise a consistently low rate to their customers.