Maximize Investment Money Via A Canadian Discount Broker

2007-11-09 05:11:17

( Financial )



Perhaps you are investment savvy and no longer need the professional advice of a full-service broker. You may want to check out a Canadian discount brokerage firm. The biggest advantage you get when you trade through a Canadian discount broker is the savings on commissions. The substantial savings have become possible because firms do not hire analysts. They do not deal with their customers through commission brokers, but through salaried employees. Sometimes, you do not even deal with any person especially when you trade via a Canadian online broker.

Unlike a full-service brokerage firm that provides personalized advice and executes orders, a Canadian discount broker's duty is only to execute your order which could either be market or limit. Although you do not get professional advice on what or when to buy or sell securities, you receive research reports on Canadian mortgage rates and other economic indicators to guide you in your stock investment decisions. You also continue to get service in executing trades, preparing documentation, keeping records on your transactions, and safekeeping securities.

Some Canadian discount brokerage firms now offer services covering options, mutual funds, and precious metals. You can place your trade via the Canadian discount brokerage firm anytime using their automated service lines. Most Canadian discount brokers have now the ability to monitor and execute investment portfolio decisions right online via their websites. This provides convenience to you.

It would work to your advantage if you choose a Canadian discount brokerage firm that allows you to access your account through the Internet. You can just login anytime and anywhere. You will have to enter your identification or access card, and your password. From there, you can manage your account, get overviews of the consolidated balance in your account, and real-time quotes for equities. Access to intraday charts for major market indices and performers are also provided.


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