brokerage recommendations

LiNK666

Well-known member
What brokerage do you guys recommend for someone who is looking to buy couple of bank stocks. Nothing risky or heavy trading. Just buy safe stocks 2-5 times a year and hold it.

Something cheap and easy to use.

Thanks.
 
Most Canadian brokerages charge the same commission so its not often you'll choose one over price. The two that are a bit less expensive (questrade and interactive brokers) offset any savings with less staff and, in my experience, poorer customer service. Considering your expected # of trades, potential savings will not be that big of an advantage to you. I would go with the brokerage that offers best customer service - TD. As a side note - if you expect to be investing in dividend paying stocks I would suggest you enrol in a DRIP - Dividend Reinvestment Program - instead of paying you cash for your dividends they will use the proceeds to buy more stock.
 
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