Canadians, Which Brokerage do you use?

[John Hjorth]

It's to me personally [, likely, as a North European citizen [ Dane]], really striking to read that today, the majority of Canadian CofB&F members [at least active by now in this topic] are hooked up on, and prefer RBC [ I call it RY, let it go, please], as their preferred service provider for DIY investment management.

 

What is it at your past and ongoing customer and user experience that has made you decide so?

 

I'm really eager to hear about it from you, who it may concern.

 

To me personally, as a Dane, it would be like choosing Danske Bank [DANSKE.CPH] by now for that. [With that said, DANSKE is now trying to get there, - still no real interest from me, yet].

 

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That said, to keep some kind of structure and related simplicity to things, ref. @Viking s post about that above, certainly also matters, for practical purposes.

[Parsad]

6 hours ago, Xerxes said:

I do everything myself as well. It is just that you cannot “click” for DRIP yourself. So you need to call them. Once they add that functionality I will no longer need to call them for that. 
 

now specifically to international trading, my understanding is that certain markets like Europe, London or Hong Kong you can trade directly yourself. 
 

For others, like Singapore or Japan, you need to call them. I suppose that is when Royal Circle comes handy. 
 

https://www.rbc.com/newsroom/news/article.html?article=125959

 

Ahhh...thanks!  Cheers!

[Xerxes]

3 hours ago, John Hjorth said:

It's to me personally [, likely, as a North European citizen [ Dane]], really striking to read that today, the majority of Canadian CofB&F members [at least active by now in this topic] are hooked up on, and prefer RBC [ I call it RY, let it go, please], as their preferred service provider for DIY investment management.

 

What is it at your past and ongoing customer and user experience that has made you decide so?

 

I'm really eager to hear about it from you, who it may concern.

 

To me personally, as a Dane, it would be like choosing Danske Bank [DANSKE.CPH] by now for that. [With that said, DANSKE is now trying to get there, - still no real interest from me, yet].

 

- - - o 0 o - - -

 

That said, to keep some kind of structure and related simplicity to things, ref. @Viking s post about that above, certainly also matters, for practical purposes.

 

in the 90s when I was a teenager, my dad took me there and helped me open an account. i stayed ever since. 
 

on a more practical matter, they always reverse charges when i asked them. 
 

that said i never used RY for my mortgage. The rates are always too high .., and we always the underdog banks like National Bank and/or BMO coming with good mortgage product undercutting RY and/or TD. 

[John Hjorth]

Thank you for sharing, @Xerxes,

 

At least for me personally, it's always very interesting to hear fellow CofB&F members' personal stories and actual perceptions of the local or national banking landscape.

Edited February 12 by John Hjorth

[bizaro86]

I use IBKR for my non-registered accounts with reg accounts at RBC DI. I like IBKR better, but when I set them up IBKR didnt offer the reg accounts I needed (eg LIRA) and the difference is smaller when you can't really use margin/most options anyway.

 

To John: I picked RBC because I think they're the least bad of the big banks for brokerage. I used to have Scotia iTrade, but I switched because I had to call to give instructions for corporate actions, and I do a lot of special situations so that was a huge hassle. BMO requires calling as well. I like that they're too big to fail as well.