Rally Guy

Getting conflicting reports as the to the most suitable Online trading service.

My suspspicion is I'll be an active trader, and want to keep costs down while getting good reporting (Level II) and alerts etc. Will trade equities and possibly options - no RRSP stuff - and both larger value and penny stocks on both the US and Canadian exchanges.

CIBC, E-trade, TDW and IB all seem close. Was tempted by Quest-trade - till I read about terrible client support and delays in orders getting fulfilled - can't risk that!

Who's using what and why?

Thanks in advance.

RK

Turbodan

for stocks TD waterhouse is good.

justinsrx7

I have used TDW with no issue for about 8 years now RK. Mind you, I have never used anything else, so I have no comparables, so just ignore my recommendation.

thedyingiraffe

IB. No problems to report.

Rally Guy

I was tempted by IB - glad to hear it's working for you.

Was also lookign at Qwest - but user feedback was autrocious.

Pulled the trigger with Credential Direct. Rated #1 - seemed to have all the bits and pieces I needed.

We'll see how it goes. Lots of volatility these days and I think we're "near" the bottom of the index funds.

Any interest in sharing ideas or opportunities?

I'm picking just a few companies and going deep on them, getting to know them well and watching them closely.

Anyone using a differnect strategy?

RK

turboooh!

Disnat Direct if you're an active trader. Trades as low as $5, maxes out at $9.95. Let me know if you're interested!

justinsrx7

Scary times right now. Just when I think it's time to go in, the market goes lower. Having said that, how much lower can it go, and even if it goes down more, in the long run, we must be relatively close to the bottom. In 10 or 15 years, the DOW will probably be back up to 18,000. The trick is picking the right companies. All the companies you thought were safe are all going belly up. If you had any faith in GM being able to revive itself somehow, then image getting the stock at a buck something. But oh what a crap shoot. Having said that, I can't imagine it actually gtoing out of business, but rather reinventing itself somehow. I hate GM, but I love making money.

Turbodan

Sorry Justin but what makes you think in the long run we are near the bottom?
your opinions probably are shared by many but are unfounded unfortunately. 18000 in 10 years? maybe 10,000.

justinsrx7

You are right TD. And I am the last person that should be giving advice in this department. I am making assumptions based on nothing more than personal observation of the DOW over the years. Mind you, none of the professions saw this coming, so maybe it is time for an amateur like me to make some predictions...lol

Rally Guy

Well - I know I'd be thousands richer in the last 2 days if my frickin' application would arrive at the brokers! All my well researched picks are up double digits recently.

Can I sue Canada Post for this delay???

RK