National Bank slashes online trading commissions to 'Zero'! :-) | Page 2 | Investing | Discussion forum

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National Bank slashes online trading commissions to 'Zero'! :-)
August 31, 2021
4:11 am
file
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Interactive Brokers

August 31, 2021
10:59 am
Dean
Valhalla Mountains, British Columbia
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RetirEd said

I can't figure out what the "IB" referred to in this thread means...
RetirEd  

My guess Investment Brokers

Any other guesses ❓ sf-smile
.

    Dean

sf-cool " Live Long And Prosper " sf-cool

August 31, 2021
11:03 am
AltaRed
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As already indicated by 'file', Interactive Brokers. It is the 'go to' brokerage for traders especially, low commission and forex rates, etc.

August 31, 2021
11:56 am
AR
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Dean said

My guess Investment Brokers

Any other guesses ❓ sf-smile
.

    Dean

  

IB or not IB. That is the question....
Interactive Brokers. I started WS and thinking a little about nbdb.

August 31, 2021
12:56 pm
savemoresaveoften
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AltaRed said
As already indicated by 'file', Interactive Brokers. It is the 'go to' brokerage for traders especially, low commission and forex rates, etc.  

Indeed. But keep in mind its not for most except those are active and can leverage the power features in its platform. Quotes etc are being charged to the user and you pick the exchanges and level of quotes you want to subscribe to, but it is live streaming which Cad brokers also offer but not free either.

August 31, 2021
6:50 pm
Norman1
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Interactive Brokers Canada has a complex fee schedule for market data.

Free delayed quotes. If one doesn't need live streaming quotes, there are snapshot real-time quotes.

Need to maintain at least US$500 of account equity. US 1¢ each for US equities. US 3¢ each for snapshot quotes of others, like TSX listed equities. First US$1 of snapshot quotes is free each month.

September 15, 2021
10:10 am
Canuck_Flyer
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Check the National Bank Direct Brokerage terms and conditions carefully.
Free commissions means 100 free trades or 12 months, whichever comes first, after which regular commission rates will apply.

September 15, 2021
10:26 am
Canuck_Flyer
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See https://nbdb.ca/content/bncd/en/accueil/comptes/ouvrir.html

Read down, and read notes 1, 3 and 5 in:

The fine print
Eligibility requirements

1. This promotion is available from March 15 to September 30, 2021. It applies to new and current NBDB clients who open a new account.

2. Existing clients must open a new account and the free trades will apply only to the new account(s). Cash, margin and overdraft accounts as well as Canadian and US accounts from the same plan (e.g. RRSPs) are considered the same type of account.

3. When more than one account is opened under the same root, the maximum number of free trades awarded is 100 (this offer is not cumulative).

4. The promotional code "Free2021" must be indicated on the account opening form.

5. Stocks, options and exchange-traded funds are eligible for free trading, provided that the transactions are carried out through our online platform. Once the free period is over (i.e. one year after the account opening date or when the maximum number of transactions has been reached), the applicable commission schedule, including ETFs at $0, will apply.

6. The client can only take advantage of this offer once (Social Insurance Number is used) and must meet all the eligibility requirements.

7. This promotion is offered to clients who have not benefited from any other one in the last 12 months.

8. Corporate account is also eligible for this offer.

9. This offer may be revoked or amended at any time without prior notice.

10. This offer cannot be combined with any other offer.

September 15, 2021
11:14 am
Norman1
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Canuck_Flyer said
Check the National Bank Direct Brokerage terms and conditions carefully.
Free commissions means 100 free trades or 12 months, whichever comes first, after which regular commission rates will apply.

That's just their new client promotion.

After the promotion ends, the regular commissions apply. Regular commission is now $0 for stock and ETF trades submitted online.

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