Feel free to peruse their Commission and Fee Schedule. You are in the introductory six months of an account which does not belong to a household or the first six months of the first account opened within your household. As it’s impossible to know which asset class will have the highest returns going forward, I tend to hedge my bets and simply hold an even split of Canadian, US and International equity ETFs. It’s either the next day or when the trades settle that they subtract the commissions. Has this been your experience as well? Unlike Questrade, Qtrade, and Virtual Brokers, TD Direct Investing does not offer free ETF purchases or sales. So you’ve made the decision to become a DIY investor, but there’s way too much information online to wrap your head around. New or existing clients who open a new TD Direct Investing account could be eligible for a reimbursement of account transfer fees of up to $150 when $25,000 or more in assets are transferred from another financial institution 7. I just started to invest so my portofolio is around 5,000 as of now. Fantastic. TD Canada ETF Trading Fees. @Jon: The minimum $15,000 applies to registered and non-registered accounts (but you can combine all of your household accounts to reach the $15,000) – there are also some other exceptions: https://www.td.com/ca/document/PDF/forms/521778.pdf. This article is provided for informational purposes only. Once your e-Series funds have transferred over, you could sell them (watch out for short-term trading fees) and immediately buy back a simple 3-ETF portfolio (this will cost you about $30 in trading commissions). To qualify for waived maintenance fees with the, any one of the following must be met: Learn more about enrolling in the Household Program. TD Direct Investing is one of the brokerage platforms available to self-directed investors in Canada. WASI is a member of the Mutual Fund Dealers Association of Canada and a member of the MFDA Investor Protection Corporation. If this tool was not available, how would you have found the answer to your question? As programmer Patrick McKenzie points out, about half of any given brokerages’ revenue comes from net interest, the money brokerages make loaning the cash you leave uninvested in your account to others who are willing to pay them a heck of lot more interest than they’re paying you. I have been exploring Questrade but dint realize until recently that they have ECN fees. You hold a Registered Disability Savings Plan (RDSP) account or one is held within your Household. Is this right? Individual circumstances may vary. In order to give you a sense of the pricing landscape, below is a chart showing the big five bank and their online brokerage platforms, and their trading prices, arranged alphabetically. Account minimums? We do not endorse any third parties referenced within the article. I have read so many articles on ETF investing but very few actually talk about the logistics. With TDDI account is the minimum of $15000 to eliminate the quarterly fee of $25 the same for registered and non registered accounts? While I was very familiar with all of the discussion points of the tutorial with my level of investing knowledge, this is an excellent, polished, professionally-produced and easy to understand video for novice DIY investors. 8 Wellington Street East 3rd Floor Toronto, Ontario M5E 1C5. In the last couple decades, so-called fintech companies have disrupted the financial sector, using technology to find ways to offer services that were formerly dominated by big banks much cheaper without any notable diminution in quality (and in a lot of cases, as you can read in this fintech primer, they’ve actually been able to improve user experiences.). The combined value of assets of your or your household`s TD Direct accounts exceeds $15,000. As an experienced and knowledgeable investor, who largely embraces passive investing, I’m probably leaning towards a “robo-advisor” because of the ability to reduce the “drag” on uninvested dividends and automated rebalancing, all of which would likely trigger trading commissions in self-directed accounts, I’m wondering if the extra cost – while minimal compared to traditional advisors or even fee-based financial planners – is worth it (for me at least). Option trading fees. There are. TD Direct, like most other online brokerages, offer a per-trade discount for those who conduct a lot of trades. The maintenance fee replaces both the custody fee (non-registered accounts) and annual administration fees (registered plan accounts). Additionally, in terms of personal and financial circumstances, I am a single, younger investor (33) with assets allocated specifically to retirement (i.e., RRSP, locked-in RRSP from a former employer-sponsored defined contribution pension plan and TFSA) of approximately $100,000 and total investable assets of approximately $225,000 with no debt, though I do not own a home as I currently rent. TD Direct’s standard rate is $9.99 per trade for any Canadian or US stock. Instead of holding separate ETFs for US, international and emerging markets stocks, simply hold the iShares Core MSCI All Country World ex Canada Index ETF (XAW). Justwealth seems to my preference for a “robo-advisor” – or even your firm, though your pricing structure is probably a bit out of reach for small investors, I’m guessing. Human brokers are lovely but cost a lot more to hire than computers. Wealthsimple Crypto is currently not registered as a securities adviser or securities dealer. Historical returns, hypothetical returns, expected returns and images included in this content are for illustrative purposes only. Please note that the answers to the questions are for information purposes only for the products discussed. Curious about how much it will cost to invest with TD Direct? Research Market overview . TD ETFs. Like any other brokerage, TD Direct is legally required to disclose all of their fees, and if fee pamphlets excite you, we’re not going to kink shame you. If fees seem too high, you’re free to vote with your feet and find a cheaper broker. Get complete information about TD Direct Investing's rates and fees by accessing our Commission Schedule and Statement of Disclosure of Rates and Fees. Done and done! TD Direct’s options trading fees are pretty much the same as their stock trading fees, plus $1.25 per contract. Is there a certain logic to that or, for low- to moderate-income investors, is it true that, in terms of tax treatment, REIT distributions can actually be more favourable than straight “interest income” but less favourable than Canadian eligible dividend income (due to the dividend tax credit)? I didn’t do the arithmetic, but it seemed that when you got to the last trade, the remaining cash balance took into account the trading commissions. In his spare time, he hosts “The Originals" podcast. This is unlike any other bank, credit union or other investment firm I’ve contacted. One would think they would rather have the grant funds from the provincial government invested in their own regular mutual funds, e-Series or otherwise. Does it does makes sens then to invest in ETFs with a small portofolio with questrade? TD Direct charges no commission to buy, sell or switch mutual funds and ETFs, though trading fees may be the least of your concerns since mutual funds frequently assess considerable management fees and sales charges, called “loads.”This article will help explain the various fees associated with mutual funds. There are no ECN fees when using TD Direct Investing. This will ensure that your individual circumstances have been considered properly and that action is taken on the latest available information. Does this make sense? @Archi: Please feel free to subscribe to my blog and YouTube channel, as I will be releasing videos and blogs for six discount brokerages (TD, BMO, CIBC, RBC, Scotia, NB) that should help address your questions. Just transitioning from TD eseries to TD Direct Investing (soon). Thanks for this, Justin. perhaps preferring an iShares ETF to Vanguard or vice versa). This is lowered to $7.00 per transaction if you’re an active trader. So it looks like TD Direct Investing is subtracting the trading commission from the cash balance post-trade, resulting in an up-to-date cash balance figure (we can look at the BMO InvestorLine numbers when I post the video next week to compare). BMO Investorline’s flat free pricing is a hair cheaper ($9.95 per trade, versus TD Direct’s $9.99) but BMO offers no discount for frequent traders. iShares Core MSCI All Country World ex Canada Index ETF (XAW), http://www.questrade.com/campaigns/free_to_transfer, https://www.td.com/ca/document/PDF/forms/521778.pdf, Podcast 10: All That Glitters Are Gold ETFs, Hedging Your Bets With Currency-Hedged ETFs: O Canada, Hedging Your Bets With Currency-Hedged ETFs: An Overview. I also appreciated the points on the “limit” orders as, although I was familiar with “limit” orders, I’ve always tended to utilize “market” orders to ensure the order gets filled the same day.

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