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Non-Tech : TD Waterhouse service - appalling -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (590)	4/17/2007 8:13:19 AM
From: Sexton O Blake	Read Replies (1) \| Respond to of 595

Thanks - I will take a look for a lark - does it cover complete "household" accounts? I don't trade enough to warrant any prepaid flat fee based commissions at this time. With TDW I have 3 accounts that are moderately active and 4 more that are less so. They apply the "9.99" based on 30 trades / qtr across all the accounts. But as with a SMA, if you trade 20 in month 1, in month 4, you lose that month high. :-) Though no I have yet to qualify. However, based on the types of trades I have made - and not "mentally doing things different", so far I would have not paid more than the $29 anyways. I really think the purpose of doing this was driven by the realtime account updates model. Before doing the trades during the day they kept having to change the balances - now each trade is "final" if you will. (of course screwing people was somewhere on that list too) An (in)Sane buddy of mine uses BOMO - they offer a cheaper plan (9.99) that you can qualify for - but it is not a forced system like TDW. I suppose for once - the fact that BOMO is so backward and old school, it is a boon for existing clients - for a while - while their crappy programmers scramble to copy the TDW model. But as with everything - I would say in a few years, all the banks will be following a similar structure - except each will be different - enough to force us to spend hours fiddling with which is better with certain trades etc. Of course - CIBC's model already is doing that very thing. Of course it is those that play the cheaper stocks - that are forced to use limit orders (w/partial fills) which will suffer. cheers! blake

To: Condor who wrote (590)	4/21/2007 4:00:39 PM
From: bull&bear	Read Replies (1) \| Respond to of 595

I had trading accounts with TD, CIBC, Royal banks, BMO before, and they all sucked. Both because of their high commissions and lousy trading platforms or bad executions. Trading with these Canadian banks is just like playing a sucker’s game. Your capital can be gone before long. Now CIBC offers a cheaper commission rates. One still needs to carefully look at if they have a good trading platform and whether they execute your orders honestly and quickly etc. I learned about Questrade (www.questrade.ca) lately and have opened a small account with them to try them out. Good luck.