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Sunday, May 19, 2013
Summer 2007 - Online Discount Brokerage Review

RESULTS:

OVERALL
RankFirmOut of 10
1Credential Direct7.79
2TD Waterhouse6.61
3Qtrade6.53
4E*Trade Canada6.30
5Scotia McLeod Direct Investing6.27
6BMO InvestorLine6.20
7National Bank Direct Brokerage5.72
8RBC Direct Investing5.68
9Disnat5.43
10TradeFreedom5.28
11HSBC InvestDirect5.08
12Questrade5.07
13CIBC Investor's Edge4.93
14Altamira Securities4.83
15Laurentian Bank Direct Brokerage4.31
16eNorthern3.59
INVESTOR
RankFirmOut of 10
1Credential Direct8.05
2Qtrade6.69
3Scotia McLeod Direct Investing6.44
4TD Waterhouse6.35
5BMO InvestorLine6.32
6E*Trade Canada6.07
7RBC Direct Investing5.87
8National Bank Direct Brokerage5.76
9HSBC InvestDirect5.18
10Disnat5.18
11TradeFreedom5.00
12CIBC Investor's Edge4.98
13Altamira Securities4.98
14Questrade4.80
15Laurentian Bank Direct Brokerage4.42
16eNorthern3.67
TRADER
RankFirmOut of 10
1TD Waterhouse8.94
2E*Trade Canada8.35
3TradeFreedom7.79
4Disnat7.76
5Questrade7.51
6Credential Direct5.50
7National Bank Direct Brokerage5.40
8BMO InvestorLine5.12
9Qtrade5.10
10Scotia McLeod Direct Investing4.73
11CIBC Investor's Edge4.52
12HSBC InvestDirect4.17
13RBC Direct Investing4.03
14Altamira Securities3.46
15Laurentian Bank Direct Brokerage3.33
16eNorthern2.86

CRITERIA/CATEGORIES

The Criteria:
Surviscor reviews all Canadian discount brokerage firms including bank-owned and independent firms. Traditional day trading firms are included providing they meet the minimum requirements for inclusion. The Firms are evaluated for the online features and functionality they posses.

The minimum requirements are:

  1. Transactional capabilities in Canadian and US markets
  2. Physical location in Canada with minimum registration requirement of 5 provinces
  3. Ability to establish a registered account
  4. Minimum account opening balance requirement no greater than $10,000 CDN

The Categories:
1.Getting Started
2.Design and Help Features
3.Customer Interaction
4.Market Intelligence
5.Trading
6.Tools and Education
7.Commission and Fees

Next Analysis: Winter 2008

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