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Wednesday, July 23, 2008
Winter 2008 - Online Discount Brokerage Review

RESULTS:

OVERALL
RankFirmOut of 10
1Credential Direct7.33
2BMO InvestorLine6.65
3TD Waterhouse6.59
4Qtrade6.45
5E*Trade Canada6.42
6National Bank Direct Brokerage6.29
7Scotia McLeod Direct Investing5.99
8RBC Direct Investing5.97
9Disnat5.80
10CIBC Investor's Edge5.59
11Questrade5.21
12TradeFreedom5.19
13Altamira Securities5.05
14HSBC InvestDirect4.58
15Laurentian Bank Direct Brokerage4.48
16eNorthern3.34
INVESTOR
RankFirmOut of 10
1Credential Direct7.59
2BMO InvestorLine6.85
3Qtrade6.56
4National Bank Direct Brokerage6.42
5TD Waterhouse6.37
6E*Trade Canada6.18
7Scotia McLeod Direct Investing6.12
8RBC Direct Investing6.11
9CIBC Investor's Edge5.67
10Disnat5.48
11Altamira Securities5.23
12Questrade4.98
13TradeFreedom4.95
14HSBC InvestDirect4.66
15Laurentian Bank Direct Brokerage4.61
16eNorthern3.41
TRADER
RankFirmOut of 10
1Disnat8.72
2E*Trade Canada8.60
3TD Waterhouse8.54
4TradeFreedom7.37
5Questrade7.24
6Qtrade5.45
7National Bank Direct Brokerage5.06
8Credential Direct5.03
9BMO InvestorLine4.92
10CIBC Investor's Edge4.87
11Scotia McLeod Direct Investing4.80
12RBC Direct Investing4.72
13HSBC InvestDirect3.85
14Altamira Securities3.43
15Laurentian Bank Direct Brokerage3.29
16eNorthern2.69

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 Main 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: Summer 2008

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