turar Posted February 24, 2015 Share Posted February 24, 2015 I will need to move a pension account into a "locked in RSP" account (LIRA) with one of the brokers. Unfortunately, IB doesn't offer locked in accounts, so I'm trying to choose between Virtual Brokers, BMO, or TD. I do have a smaller VirtualBrokers account, and they've been mostly OK, just that their trading interface feels a little odd, let alone that there are several. Does anyone have any experience with BMO, TD, or others? Link to comment Share on other sites More sharing options...
rb Posted February 24, 2015 Share Posted February 24, 2015 TD is really good and their fees are kinda ok if you have a certain level of assets. My registered stuff is with Questrade. They're cheap and trading is good. However their back office is atrocious. Expect to send any documents about 3 times cause they'll loose it twice. And all the ppl on the phone are idiots. But as I said, once you get past all that they're ok.... rb Link to comment Share on other sites More sharing options...
cwericb Posted February 24, 2015 Share Posted February 24, 2015 What about RBC & DS? Link to comment Share on other sites More sharing options...
rb Posted February 24, 2015 Share Posted February 24, 2015 I would stay away from RBC. They have no respect for the client. Their general attitude is that it is a privilege for you to do business with them. I didn't use RBC services even when i worked there and they were free. Plus they really screw you on fx. Link to comment Share on other sites More sharing options...
cwericb Posted February 24, 2015 Share Posted February 24, 2015 Over time, all the Canadian banks are pretty much the same. For every customer that RBC pi$$es off and loses, they pick up another customer that one of the other banks pi$$ed off. Link to comment Share on other sites More sharing options...
bizaro86 Posted February 25, 2015 Share Posted February 25, 2015 My wife and I have RRSPs at Scotia Itrade and RBC Direct investing. The only differences I've noticed: convertible debenture commissions are $9.99 at RBC, and more at Scotia ($24.99 iirc). RBC will allow you to hold US dollars in your RRSP, scotia doesn't. (Convert using Norberts gambit, don't pay them to do it). Scotia gives me free level 2 quotes for Canadian stocks. Link to comment Share on other sites More sharing options...
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