Stock investing in Canada

[shakira2009]

Hi,

I'd like to know where/how people invest in stocks in Canada... is it through banks like TD or HSBC?

What other services (preferably online trading types) are available?

Thanks!

 

[toby]

Most banks (not sure about HSBC) have discount and full-service (full fee) brokerages. There are also independent brokerage firms that will offer full-service accounts (if you want the advice, and are willing to pay for it).

International brokerages that use primarily the Internet to serve you are also worth considering. Dirt-cheap commissions and superior on-screen services make them attractive. For example, TD Ameritrade has an easy-to-use website, is headquartered in the USA I believe, but you can join from anywhere in the world.

 

[shakira2009]

Hi Toby,

Thanks a lot for the info.

Regarding TD AMERITRADE... residents from certain countries are restricted from opening an account, and one example is Japan where I live

Anyway,,, I asked around and found International Brokers which seems decent in terms of commissions and investment choices.

Regards!

 

[toby]

Bizarre, about Ameritrade not allowing you to open an account.

If you mean interactive Brokers, yes, they have a good reputation. Their website is not as user friendly, but it can be managed.

.