National Bank slashes online trading commissions to 'Zero'! :-) | Page 3 | Investing | Discussion forum

Thanks for the replies. I also went to redflagdeals thread as suggested and although it was lengthy it did answer a lot of my questions. With regards to dividends showing up a day late in your account I encounter that with my non registered Cibc Investors Edge account as well. In my TFSA it actually shows up a couple of days later, but that might be due to the DRIP I have set up in my TFSA.

AltaRed said
I would think most brokerages provide real time Level 2 quotes, not just live streaming quotes, at certain account levels. I've always had those and I also use limit orders but that is not the point.

The point is commission free brokerages get their revenue flow in other ways, e.g. order flow, currency exchange, account fees, bond spreads, etc. It is a complex subject not worthy of derailing this thread but anyone going with a commission free brokerage should understand they are source of brokerage revenue and be googling for material that describes how such brokerages generate revenue. It is a rather complex subject.

Both BMO Investorline and Scotia iTrade have a list of commission free ETFs. I do understand though they are getting paid in some way for my transaction and it indirectly comes out of my pocket.  

Only premium frequent trading acct (that requires min 150 trades a quarter) at discount broker will give u access to their dedicated platform / app that provides live streaming quote, as oppose snap shot live quote when you hit refresh.
IB is the only broker that does that for all accounts, but you have to subscribe to market data package ( u pick what u want) to get that. For example I am paying about $30 a month accessing TSE, Montreal (for options), NYSE, Nasdaq etc.

AltaRed said

That is not true. Scotia iTrade's Flight Desk platform of real time Level 2 quotes, is available for free for combined account value of $250k. I have used iTrade's Flight Desk for a very long time. I only make 2-5 trades per year. Every major discount brokerage likely has an account value threshold that provides free real time Level 2 quotes. I just don't know what they are for brokerages I do not have accounts with.  

IC, so either min number of trades threshold or min asset$.
$250k is a pretty low threshold for streaming real time quotes.

Seriously? Apple, Google, General Motors, their current and future profits are “Ponzi”? You must have a very different dictionary.

TommyT said

The only way to trade a pure ponzi like the U.S. stock market is day trade or don't trade at all. Every ponzi in history has collapsed and the U.S. stock market is one of the longest running ponzi's ever. I feel sorry for the ones with pensions and the buy and hold ilk who'll be completely wiped out at some point in time as the market implodes to fair market value some 85 to 95 percent lower. The only possible lucky ones would be the Americans in a dollar devaluation but anyone outside of America will be toast at some point in time.  

You have a very "unique" view and opinion of the US stock market.
Reminds me of the guy standing at the top of mountain broadcasting end of the world in the movie 2012. 🙂