Quote:
Originally Posted by doublehaul
Interactive Brokers are almost free
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Almost free only if you actively trade. Otherwise, you will pay some monthly fee ($20 US, if I recall correctly; I think there is another $20 if your balance is below… $2K, I think; I haven’t paid them in a long while, so you better read up on those fees to know for sure). Commission for every trade you make goes toward that monthly fee, so at the end of the month you pay the difference, if any. It makes sense if you makes 3+ trades per month (given your balance is above that $2K or whatever that amount is).
IB also gives you an ability to trade options, bonds, forex, international exchanges, etc, if that is your thing. You also convert currency by buying it straight on the market (there is commissions, of course, like on all other trades), avoiding bank rates and whatnot.
There is also WealthSimple (I think that is what is called), which very simplistic, but the cheapest of all.