Good Canadian broker??

[no-problem]

thank you north pesos

 

[PennyPenny]

Quote from North Pesos:

This depend which broker you have, when the clearing house is Canadian, it seem that everything are right and that no PDT is apply, some example that I know:

Sorry about being naive, what is PDT?

 

[North Pesos]

Quote from PennyPenny:

Sorry about being naive, what is PDT?

PDT -> Pattern Daytrading

You can search on this forum about this topic, a lot of thread about this regulation that come from the SEC and hitting many trader.

Summary, if you trade on a margin account and that you have under 25kU$, you have a limitation of 3 daytrades (open and close a position in the same day) in 5 working day.

 

[TorontoTrader2]

Here is what I see:


http://www.questrade.com/join/fees_webtrader_equity_options.html

best to email the company for clarifacation.


Cheers all.

 

[GGSAE]

Hey guys, which firm would you recommend for an intraday-swing trader starting out with a small u.s.-based account?

I was almost settled on IB, but I don't want to be held to the PDT rule if i pickup more than play on my scans.

Are there any swingtraders that use Quest or something different?

 

[harold_callahan]

Questrade now offers $9.95 per order unlimited share orders...

http://www.questrade.com/join/fees_equity_options.html

"Join Questrade today and experience Questrade's simplified pricing. Now trade for only $9.95 a trade. Every month. Unlimited.

Now trade unlimited shares for one low price!

All prices listed are in US dollars. "

btw: NO PDT...
btw2: Direct deposits in CDN$ funds at most Major CDN banks using the “Pay Bills” function through Internet Banking.

disclosure: currently an Etrade Canada client.

 

[RunningOnEmpty]

btw2: Direct deposits in CDN$ funds at most Major CDN banks using the “Pay Bills” function through Internet Banking.

...and you would think that withdrawing money from your QT account via an EFT would be faster than a cheque by snail mail.

But it ain't.