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Author Topic: commision on trades
hazel1401
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I really dont know if this is a stupid question or not, but recently I have started investing in penny stocks, i bought $200 worth of shares, that was fine, but i did it through TD bank and i had to pay $29.00 commision just to buy them, then when i made a few dollars, and wanted to sell, I had to pay another $29.00, is there a cheaper way to do this, I think this is retarted, I am from canada, so what works in the states might not work here, please help me out with a place to buy cheaper, thanks for taking the time to reply, all advise would be greatly appreciated!!
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Poseidonism
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Hazel, any thought to going with an online broker like Scottrade? Not sure if it's available in the Great White North, but that's what I use and it's only $7 per trade. I'm kind of new to this, but I've been very happy with their services so far.
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Treemoney
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quest trade is a canadian online broker ay. There commisions are 9 dollars ay.
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hazel1401
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thank you very much for your help!
unfortunately i dont have $2000 right now to open an account, maybe i will check into it later.
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Junky
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don't use questrade! i made this mistake! anything over 5000 shares and it costs like 60 bucks per trade.

i've tried to find a good Cdn broker but have not been able to find one. good luck to you in your search
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farpceca
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www.freetrade.com
www.choicetrade.com
www.lowtrades.com

each has $5 trades but i dont know how the service is.
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