Stock Trading Education

E-Trade Login Canada

Nobleea, a frequent reader right here, published an opinion about becoming a person of E*Trade (today iTrade) Canada. Since I’ve never utilized E*Trade before, I thought it would be great for a review from a long time user. Thanks A Lot Nobleea!

Frugal Trader requested me to do analysis E*Trade (i-trade), when I in the morning a client. I am going to try to stick to the exact same structure as he has utilized for earlier brokerage reviews. I have already been an individual of E*Trade since 2003, once I deposited a little $1100 cheque to invest in my account.

Account kinds

Like the majority of web brokerages, they feature a number of account kinds:

• Money (both US and CAD). Here is the basic account fully for stock trading and shared funds.
• Subscribed. For self directed RSP users.
• Savings. E*Trade has actually a Cash Optimizer checking account with a pretty large rate of interest. 4.15per cent currently in my opinion.
• Options. For trading and producing options on popular shares.
• Margin. Trading on margin.

The Applying Process

• The final two records are more complicated. I've had a cash account since 2003 and also have only exposed a registered account. It is possible to trade US equities and funds in a CAD currency account, you clearly get struck with the forex (1percent each means) for every single trade. You'll have both CAD and US money reports at the same time.

Commissions on Equity Trading, there's two prices:

• $19.99/ trade for 1000 shares (2c per share thereafter for stocks over $1, $19.99 level for stocks under $1) for accounts with lower than 30 trades/quarter or under $50K in account assets (for US equities its $19.99 level regardless of equity price or number of shares)
• $9.99 flat fee/trade for records with over 30 investments in the last quarter or higher than $50K in account assets.
• There's no difference between cost for restriction or marketplace purchases. In addition they provide Trailing Stop purchases enabling that enter a stop purchase with a trigger cost that modifications using the marketplace. E*Trade does dividend reinvestment, but will simply purchase whole shares, with all the remained being deposited as money.