Comments on: RBC Direct vs Questrade Discount Broker

By: Weekly Dividend Investing Roundup - September 27, 2008 » The Dividend Guy Blog

Sat, 27 Sep 2008 11:06:04 +0000

[...] Direct versus Questrade (I use [...]

By: Four Pillars

Four Pillars — Tue, 23 Sep 2008 23:51:27 +0000

Kitty – according to the website they do have realtime quotes.

By: Kitty

Kitty — Tue, 23 Sep 2008 22:26:50 +0000

Does RBC Direct offer live realtime quotes like QuestraderWeb?

By: Four Pillars

Four Pillars — Tue, 23 Sep 2008 16:12:04 +0000

CC – that is a good idea. Of course you would have to make sure you do very little trading in the RBC account (or none at all.)

By: Canadian Capitalist

Canadian Capitalist — Tue, 23 Sep 2008 15:27:54 +0000

I think one more option is transferring any account worth more than $25K to RBC and opening another account at a low-cost broker. Of course, that is twice the work and depends on whether you think it is worth the time (it may not be).

By: Four Pillars

Four Pillars — Tue, 23 Sep 2008 14:10:17 +0000

Akkei – part of the RBC deal is that they will pay the transfer fee on top of the 1% rebate.

By: Mr. Cheap

Mr. Cheap — Tue, 23 Sep 2008 13:58:18 +0000

Akkei: Yes, but often the broker you’re transferring to will cover it.

By: Akkei

Akkei — Tue, 23 Sep 2008 13:11:04 +0000

Isn’t there a fee when you transfer your money out from your current broker?

By: Mr. Cheap

Mr. Cheap — Tue, 23 Sep 2008 12:39:49 +0000

I like getting free money, but being under $100K, I sure don’t like the higher trading fees. Plus to move my account between brokerages twice just seem begging for something to go wrong. Too much trouble & risk to justify the $350 for me.