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Technology Stocks : Norsat Intl (Nasdaq:NSAT)value and growth in Wireless -- Ignore unavailable to you. Want to Upgrade?

To: Harlock who wrote (273)	1/22/2000 1:02:00 PM
From: Cheeky Kid	Respond to of 397

Canadian on-line brokers don't work the way they do in the USA. When we submit a trade on-line it goes to someone who inspects the trade, if everything is in order, then to the traders. So we have to pay extra for that middleman. If you are trading penny stocks on the OTC (stocks under 1 dollar), a full service broker will be cheaper than a discount broker. If you are trading large amounts of stocks under 1 dollar, you will get creamed by discount broker fees. I sold a OTC penny stock and was stunned by the high commission from the discount broker. I paid almost 150% more in commissions than I would have if I used a full service broker. The cheapest trade I can find in Canada is 29.00 (Starting, then it goes up from there), and if I trade a US stock it's 29.00 US, that's 42.00 Canadian. The average cost I was paying for full service was 65-85, and up. Maybe someone here has found a cheaper way to trade in Canada, in an RSP or cash account. I am new to discount, I have been with full service brokers for 4 years.