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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?


To: Essam Hamza who wrote (2049)1/20/1999 8:24:00 PM
From: keith massey  Read Replies (2) | Respond to of 4467
 
From Priority Broker site.
Trade up to 1,000 Canadian shares for $30
Trade up to 1,000 US shares for $40 US
Commission
$0 - $2 ..... 2 cents per share *
$2 ...... 3 cents per share *
* Minimum commission for all Priority 'WebPro' trades for Canadian equities is $30.00 and for US equities is $40 and will apply on partial fills except those transacted on the same business day. Commission is calculated in the currency of the market. Priority will negotiate the commission structure for high quantity trades on Canadian exchanges and U.S. over the counter markets. Canadian equity trades over $60,000 in value will be subject to a minimum commission charge of $40.00
.

Those are some very steep commission prices compared to other houses, especially if your playing any penny stocks. For example..$3500 of a .35 stock would cost you $54 round trip with E-trade, $105 round trip with Greenline and $400 round trip with Priority. For stocks $3 and up the commissions are similar between brokers, athough they are still slightly cheaper with Etrade. Of course at this point I am willing to pay for service and can't stand Etrade so let me know how it goes.

Best Regards
KEITH