TD Lowers Trading Fees

In the competetive business of online trading, TD Waterhouse has always had expensive trading fees at $29.00 per trade. But unlike Scotia iTrade, there are no hidden fees or inactivity fees. As long as you sign up for e-services then your accounts have no admin fees (other than RRSP’s under $25K). As well TD provides an excellent trading platfrom with excellent research tools.

On November 4th TD Waterhouse announced that their $9.99 trade fee, which was only available to investors with over 100K in assets, is now available to investors with over 50K in assets. This is a welcome move for the small investor, and makes TD an excellent choice for online trading:

“We are pleased to announce that effective November 4, 2010, clients with $50,000 or more in household assets, invested through TD Waterhouse Discount Brokerage, will now be eligible to trade Canadian or U.S. equities for $9.99 flat when using our online or automated telephone Electronic Brokerage Services. Canadian and U.S. option trades will be subject to the same $9.99 base rate plus $1.25 per contract. Clients with less than $100,000 in household assets must also register their account(s) for eServices to qualify.”