Best brokerage accounts reddit


Join others and subscribe using the box below. Broker Interactive Questrade Virtual. Enter your email to get free updates. However, they have since changed commission structures to court more active traders.

He has a PhD in financial mathematics, and he worked at a top performing fund for 2 years. If you enjoyed this article, you might best brokerage accounts reddit interested in our free newsletter. Which One Should You Choose? Last update on July 27,

Which Best brokerage accounts reddit Should You Choose? Choi is the founder of MoneyGeek. Lastly, whereas it costs nothing to register an RSP account with either Questrade or Interactive Brokers, it can cost substantially more if you want to hold U. Note that Virtual Brokers has different commissions structures, so I chose to use the "Classic" commission structure for comparison. A Canadian who wants to buy U.

If you enjoyed this article, you might be interested in our free newsletter. Under Virtual Broker's old commission structure, best brokerage accounts reddit which broker was cheapest wasn't so straightforward. But with the commissions changes, I believe Questrade is currently the cheapest out of all the major discount brokerage firms that offer registered accounts.

This fits the description of someone who makes a monthly contribution to buy one ETF a month. He has a PhD in financial mathematics, and he worked at a top performing fund for 2 years. The following list spells out the exact assumptions Best brokerage accounts reddit used in my analysis.

Join others and subscribe using the box below. If you enjoyed this article, you might be interested in our free newsletter. Choi best brokerage accounts reddit the founder of MoneyGeek. While an RSP account that can only hold Canadian dollar investments costs nothing, an account that can hold U.

While an RSP account that can only hold Canadian dollar investments costs nothing, an account that can hold U. Unfortunately, answering this question can be complicated because each broker has his or her own unique way of charging fees. The biggest drawback of Interactive Brokers is their inactivity fee. This wasn't the case up until recently, when they used to charge just 1 cent per share best brokerage accounts reddit each trade.