Showing posts with label discount brokers. Show all posts
Showing posts with label discount brokers. Show all posts

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