Day trading in Canada Message Board

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Gold/Mining/Energy : Day trading in Canada

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To: Buckey who wrote (2473)	2/28/1999 5:59:00 PM
From: Michael Watkins	Read Replies (2) of 4467

I have an account with Priority / now Schwab Canada. They are excellent. - service top notch, usually I deal with the same representative if I do require assistance - trade execution is a-ok - they are not the cheapest on a commission basis. Average cost for me is around 40$. Minimum cost is 30$, scales by volume and share cost They have some minimum account sizes (or had under Priority), perhaps that will change with Schwab influence. I was with them before the Schwab deal and its not clear how that will affect service. Priority had a lot of Paul Bates' personalilty wrapped up into it, so as long as he remains there I'm sure things will continue to be excellent. I would supect with size and backing there will be some positives; hopefully they'll minimize the negatives. My personal experience is the slightly higher commission per trade is cheap when compared to the poor executions and slippage experienced when I had my account with Action Direct. I still have a couple positions sitting in my Action Direct account and many months since moving my trading to Priority I still can't believe how bad and how slow Action is. Just my two cents... Michael

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