The best reason to be a do-it-yourself investor is to cut costs, and the online obline that helps you do that best is Virtual Brokers.Cost is a huge category in the 15th annual Globe and Mail ranking of online brokers, and VB aces it. Now you understand why this tiny firm that hardly anyone knows about has, for the second year in a row, taken top spot in the annual Globe and Mail ranking of online brokers. Investor Tools Video: Globe Unlimited offers even more for business readers and investorsVB is no one-trick broker.
There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Please read the prospectus or Fund Facts before investing. Mutual funds are not guaranteed or covered by the Canada Deposit Insurance Corporation or tracing any other government deposit insurer, their values change frequently and past performance may not be repeated.
For money market funds there can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. A couple of independents, such as Questrade, charge even less. Rick Robertson, associate professor at the Ivey School of Business, recommends trying the trading simulators.
These demos use play money, so you can learn to trade without risk. Never have more storylines been packed into an annual Globe and Mail ranking of online brokers.Qtrade retakes the top spot after a two-year reign by Virtual Brokers, which dropped to the No. 2 spot xtock just a narrow margin. TD Direct Investing, a broker heavyweight gone to seed in recent years, is back in shape, and the ambitious independent broker Questrade has climbed still further up the rankings.
The changes at the top were driven by a welcome development in the pricing of stock trades.