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Gold/Mining/Energy : Day trading in Canada
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To: Taylorm. who wrote (2072)1/23/1999 11:15:00 AM
From: TheBare  Read Replies (1) of 4467
 
Taylorm,

> I cannot figure out how these U.S. brokerages can charge so low
> commissions. Any advice?

Commission nothing! Take a look at what they give you.
Free realtime charting/quotes, fundamental reports from reputable
firms (eg. Zacks), instantaneous account updates, realtime
news, free access to services like Briefing.com ... and on
and on.

I use Discover Brokerage and E*Trade USA. I also access RRSP
accts through Greenline WebBroker 1.0. I can't use 2.0 due to
firewall problems. WebBroker is like going back in time
compared with US equivalents. Reminds me of the old DOS
program interfaces of the pre-windows era. Of course, it
really is .. HTML interface to their Micromax software.

My advice. Never open a US broker account. That way you'll
never know what you are missing!

BTW, (this was discussed once before on this thread), I do
not think there is any reason why Canadian residents cannot
open an account with a US broker. You must tell them you are
non-resident for tax purposes. You are required to declare
your capital gains to RevCan under the Can-US tax treaty.
US brokers are either very ignorant of Canadian-US rules or
they are just plain hungry for business. Either way you should
have an easier time convincing them to open an account than
a US resident would with a Canadian firm.

Some thots this fine Sat AM ...
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