Best online brokerage 2017 reddit
The biggest drawback of Interactive Brokers is their inactivity fee. If you pay less than 10 USD in trading fees each month, they will charge the remainder as an inactivity fee. Furthermore, they will charge this amount per account. Lastly, whereas it costs nothing to register an RSP account with either Questrade or Interactive Brokers, it can cost substantially more if you want to hold U. While an RSP account that can only hold Canadian dollar investments costs nothing, an account that can hold U.
Under Virtual Broker's old commission structure, determining which broker was cheapest wasn't so straightforward. But with the commissions changes, I believe Questrade is currently the cheapest out of all the major discount brokerage firms that offer registered accounts.
Broker Interactive Questrade Virtual. If you enjoyed this article, you might be interested in our free newsletter. Enter your email to get free updates. Choi is the founder of MoneyGeek. He has a PhD in financial mathematics, and he worked at a top performing fund for 2 years. Virtual Brokers Questrade vs.
This article has been updated to reflect prices as of July 27, Has 2 registered savings accounts RSPs. This fits the description of someone who makes a monthly contribution to buy one ETF a month.
I will also assume that each trade i. Will purchase stocks 4 times a year and sell stocks once a year. I will also assume that each trade consists of shares. On balance, stories which were given an early boost ended up being more popular, compared to those that had no initial likes. Indeed, Internet users are so systematically optimistic that they tended to reverse the articles with initial negative ratings. Thus, while the Internet tends to exaggerate positively valued stories, the same bias does not afflict negatively valued stories.
The study reveals why ideas with a rabid core of supporters will tend to dominate online discussions. A hyper-active minority exaggerate the popularity of an idea and trigger the Internet optimistic hype-machine.
Indeed, while libertarian Ron Paul had minor national support as president, he dominated online discussions, receiving a greater share of positive social media chatter than the person who actually won the Republican primary, Mitt Romney. Yet, Internet users, which tend to be young and liberal, helped turn the web into a machine for viral pro-gay marriage content. Pro-gay marriage groups on Facebook had between 7 to times more followers. Content, such as news of this rainbow-colored house across from the ant-gay Westboro Baptist Church, tends to get in front of our eyes.
This means that the preponderance of viral content will reflect the most hardcore users, not the general public. Our sheep-like tendencies can also be exploited by nefarious partisans.