mahram, Sorry if I have confused you. The bigger picture is that Ameritrade bought TD Waterhouse (which is even tactfully mentioned in the 2nd paragraph in your link). What you are talking about refers to the Canadian sub-set of these brokerage firms. Free overnight ACH-in/out, wire-in/out, check writing, Level II, etc. were Ameritrade's staple. But in any event, even after the acquisition, they still do not have per share pricing as IB does.
TD is great for the rich because of the superior services, unfortunately not for us. Low commission! You need to trade at least 30 times/quarter. TD still don't understand what the market need for today.
Well, at least it's a start. After years of holding the line at very high commissions amounts, it's nice to see that prices are beginning to trend downwards. I wonder if any of this has to do with fear of IB Canada?
We (IB) hope to have the first CME pit products online in 1-2 weeks. CBOT sometime therafter. NYMEX and NYBOT by end Q1, earlier with a little luck.
well at least they are finally getting with the picture. The only thing I like is that they are giving away level II for options, both canadian and american, and Us and canadian equities. I belieave its standard level II not the level I and half that etrade use to give. And free streaming dowjone news. Im thinking of finally getting ride of esignal if td provides free level II for canadian equities and options.
I agree completely. I send some signals through their system and talk to customer service once in a blue moon, and I get shafted by BMO for $25 a turn? It's absolutely rediculous. I wonder if it's our big-6 banking system; I think we need some real banking competition badly. We're getting screwed. Unfortunately for myself, the minimum age for IB is 21 so I'll have to wait half a year. After that, I'm completely done with domestic brokerages.
Ibj do you still have the minimum of 21 years old to apply for your accounts. I thought after you guys converted to IB canada, you lowered the age to the canadian min of 19 years old for canadian traders.
It's extremely frustrating to try to manage an account with TD Waterhouse Canada. They think that people appreciate their McDonald's like approach to customer service, but when you scratch the surface it sucks. Yes they can call you Mr. 'this' and are pleasant but they lack any real knowledge. Don't dare ask the reps to engage in any independent thinking or problem solving. They are unable to do so. And this experience is with their "Presidents Account" reps who supposedly are their best. What a joke. Management places more emphasis on the reps 'phone style' than they do on product knowledge or problem solving. Simply the worst. I would not recommend anyone do business with them. Waiting patiently for IB to add retirement accounts so that I can end any business dealings I have with them. If anyone from IB is reading this, any idea on whether and how long it will be before you will add RRSP accounts. I'm quite certain there is a very large amount of new business which would come your way.