Saturday, October 07, 2006

Moving on over to eTrade Canada

Although I've been with the Royal Bank for a long time, the new low trading fees at eTrade Canada, of $9.95 vs $28.95 is enough to cause me to move my account.

This should help me to put some more dollars in my own pocket every year. I think this (eTrades new fee schedule) is the first serious challenge to the banks oligopoly of $28-$30 fee charges on discount brokerage accounts. It'll be interesting to see what they do in a year or two from now to stem the tide of accounts leaving ...

JW

The Confused Capitalist

1 comment:

TonnyLy said...

Hi! What a great blog. I do know something about the company you are talking about here. I learned it from this great site www.pissedconsumer.com. Etrade specializes in different financial services: trading and investing, retirement, banking and credit cards, planning, mortgage and home equity. Company's major business is on-line discount stock brokerage service, which I unfortunately decided to get engaged with.