Canada

[LenaHuat]

This was ifeng TV's top news last night at midnight.

[cif5000]

May I know what is the most efficient way to buy (and hold) stocks traded on Toronto Stock Exchange? i.e. low brokerage, dividend handling, custodian fee, etc, etc.

Any advise will be appreciated...thanks!

[iam802]

Cif5k,

I will drop you a note about online brokerage that I know of.

[winston]

Dear cif5k,

I used to trade Canadian shares through Toronto Dominion Securities ( TD Securities ).

I have not trade them in a while so will not be able to give you the lastest info.

Take care,
Winston

[cif5000]

Thanks guys.

[LenaHuat]

It's the outcome : E*trade or OptionsExpress or HSBCInvestDirect??
Pl share the conclusion when you are ready to do so. I am interested in this post too.

[cif5000]

I was too eager to buy that stock and I got through using Philips (sg broker). Felt like the old days, i.e. technologically backward. I had to call in and ask for the bid/offer, the night desk person would give me the price and quantity available. As the broker couldn't see the market depth, I couldn't tell how many shares were available, so I placed an order at a 5% premium to the offer price, hoping to soak up the quantity I wanted. In fact, there were no shares on offer (yah, a very illiquid counter). But I guess because of that premium, someone decided to sell and I got my purchase done. OCBC is worse, they don't even operate a night desk for the Canada market although they can accept orders before 5pm sg time.

So much on the buying. Now, to hold my shares, I will have to pay a monthly fee.

Definitely have to compare the other brokers now. Thanks for all the recommendations.

[iam802]

Key reasons I don't use local brokerages (for US market):

1. High commission

2. Lousy trading platform (maybe non-existence)

Put them together, one is paying high commission for lousy trading platform!!

[LenaHuat]

Thanks guys for sharing . Wishing U "huaty" times ahead.

[woonlm492]

Use DBSV, trading platform available.