Sunday, October 26, 2008

online trading accounts spike in popularity

Perhaps the high level of volatility and media attention in the stock markets are causing people to rush to open new accounts at Canada's online brokerages. Many popular online brokerages are reporting increases in opened accounts over the past few weeks to the tune of 70 - 91%.

Rob Carrick of The Globe & Mail has released his annual ranking of Canadian online discount brokerages.

If you are looking to open a self directed investment account, consider Questrade, where most trades cost $4.95/trade. They are offering $50 worth of free trades now by signing up via the moneygardener by visiting Questrade HERE.

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