Click to view the Q1-2013 Canadian Online Discount Brokerage Rankings
Surviscor produces the most comprehensive online brokerage analysis in North America. Surviscor reviews Canadian discount brokerage firms who offer online brokerage service to self-directed investors in Canada. The minimum requirements are:
- Transactional capabilities in Canadian and US markets
- At minimum, the firm must be registered for business in Ontario and Quebec
- Minimum account opening balance requirement no greater than $10,000 CDN
The Online Discount Brokerage scorCards™ focuses on the self-directed Investor and is broken down into three profiles:
- Passive Investor
- Serious Investor
- Active Investor
Surviscor defines an Investor as a self-directed individual who typically:
- Has the ability to understand the value of investing
- Requires a well-diversified portfolio and a structured financial plan
- Is self-reliant and prefers to self-direct his/her portfolio
- Requires various tools and resources to make investment decisions
- May display 'professional trader' activity traits; however, does not perceive investments as a job
The Online Discount Brokerage Review analyses 7 main categories which are further broken down into 32 sub-categories. The main categories are:
- Getting Started - Public Site Review
- Website Design
- Account Services
- Market Intelligence
- Website Transactions
- Online Resources
- Cost of Services
The tentative scheduled releases of the next Canadian Online Discount Brokerage scorCards™ are:
- Q3-2013: July 2013
- Q1-2014: January 2014