Day trading in Canada Message Board

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Gold/Mining/Energy : Day trading in Canada

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To: keith massey who wrote (3442)	6/28/1999 8:55:00 PM
From: Swami	Read Replies (1) of 4467

Schwabb may be the fastest but it pays v poor rates for cash in your account Prime MINUS 4%!! It also has very poor spread Prime+2% for debits in your account...Sooooo what i save in commissions i loose in debits and credits. With Scotia i have a line of credit @prime and i never keep cash in my trading account. They have a direct link to my line of credit and my bank account. This way my carrying charges are a lot lower with Scotia Discount Brokerage. If i change over to Schwab I will have to have cash in their account which will pay me 2%. Does anyone on this thread have an account with schwab with a direct link to their bank account in another institution? Anyfeedback will be greatly appreciated. I am very close to getting PCQuotes and Schwab accounts.... Best Regards the Swami ps i suppose i could use their wire feature to move funds between accounts for $10 each trip!

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