How Did ETrade Canada Do It?
It always helps to have a point of comparison. I could use a less mainstream service such as Interactive Brokers, but that might not be fair to the average investor for comparing apples to apples. I’m picking ETrade Canada because they were the first brokerage account I opened, and I’ve experienced their previous Active Investor commission rates policy. First of all, ETrade’s reduced commission works on a quarterly basis and lasts for a quarter. Despite TD Waterhouse’s advertising, their implementation leaves much to be desired. In the past, when I executed the required number of trades to qualify as an active investor with ETrade, I’d start receiving commission rebates for all the future qualifying trades I executed that same calendar quarter. In other words, ETrade’s policy seemed to be retroactive. Secondly, after qualifying for the reduced rate. The status change stays in effect for the next calendar quarter – 3 months. If I don’t requalify by the end of the next quarter. I will lo
