www.qTrade.ca with investor infos from the financial group
FinanceOnline 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
Canada's internet.
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.
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