By: Chris
This is a huge development and will force all of the other online brokers to add commission-free ETF trades. The big thing about this is that it takes away the one and only advantage of a mutual fund....
View ArticleBy: Rick
Funny why BMO doesn’t offer com-Free ETFs on its own funds. You’d think they would be first to do so.
View ArticleBy: SavingMentor
I think this is a very attractive offer. I’m not switching to iTrade for now but I will definitely be watching how this develops and hopefully Questrade will come out with a competing offering sometime...
View ArticleBy: Bob
Good stuff. But the combined MER on my couch potato e-series index mutual funds is still lower than any comparable portfolio I could construct with the available commission-free ETFs
View ArticleBy: Travis
Nice! For now the higher MER’s look like they are more than the price of paying the commission with a lower MER ETF. However for monthly contributions these would be very attractive.
View ArticleBy: Elbyron
This is a big step forward, but Bob makes a good point. Why would an index investor change from free mutual fund trading to free ETF trading if most of the ETFs available for free have a higher MER...
View ArticleBy: Horstradamus
@ Elbyron Yes, I’m currently with Scotia iTrade and TFSA and RRSP can hold these ETFs.
View ArticleBy: daftster
Hi all, are there any other fees that i should be aware of if I have to start using scotia itrade commission free etfs offering? (any annual fee?) thanks!
View ArticleBy: slantendocular
There is an annual fee with Scotia iTrade of $112 if you have your money in an RRSP. There were also significant fees if you ever want to withdraw your money from Scotia iTrade.
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