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The latest posts from SparxTrading – in depth views on the world of online investing.

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Mint.com

Published October 19, 2012
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Name: Mint.com Investing Blog url: http://www.mint.com/blog/category/investing/ Description: The investing section of Mint.com’s blog is a great source for educational articles on the stock market or investing.  Most of the articles are aimed at general or beginner American  audiences so they are good ‘starter’ sources. The content itself comes from a number of different sources and […]

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Is Buy and Hold Gold or Mold?

Published October 18, 2012
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An ongoing debate for investors is whether or not the strategy of “buy and hold” is better or worse than trying to time the market.  The advocates for each side of this debate are fairly passionate about their positions which makes it difficult for retail investors to sift through the numbers that “support” each side.  […]

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Investing Online Resource Center

Published October 18, 2012
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Today I came across a great educational tool for individual investors curious about online investing.   The investing online resource center (IORC) was designed to to be a source of noncommercial information about investing online and was created by the North American Securities Administrators Association (NASAA).  While it is still online, the IORC does not seem […]

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Discount Brokerage Weekly Roundup – Oct. 12th 2012

Published October 12, 2012
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Discount Brokerage Weekly Roundup This week, the Canadian discount brokerage industry saw another member announce that it will move its clearing and settlement services in-house.  Virtual Brokers, a division of BBS Securities, announced that they will no longer be using Penson Financial Services Canada to take care of “back office” operations, such as trade clearing […]

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Penson Financial Services Canada Closing Down

Published October 11, 2012
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For most Canadian investors and traders who place their trades online, the details of what happens after they press ‘buy’ or ‘sell’ on their stock trades is largely a trivial matter.  Should one start to think about it, however, the process of matching up millions of orders, confirming trades and documenting what went to whom […]

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Thinkorswim Now Accepting Canadian Accounts

Published October 11, 2012
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It’s official – Thinkorswim Canada (part of TD Waterhouse Discount Brokerage)  is now accepting new Canadian accounts.  For the moment, this service will allow TD Waterhouse discount brokerage clients to trade US equities and options and only through a US Dollar margin account. Several discount brokerages have been rolling out new platforms recently including Scotia […]

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Discount Brokerage Weekly Roundup – Oct. 5th 2012

Published October 6, 2012
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Discount Brokerage Weekly Roundup: As we roll into October, the Canadian discount brokerage industry continues to show signs of competitive evolution.   First, the huge news released earlier this week that Questrade will transition into clearing its own trades via an in-house clearing division (currently pending regulatory approval).  By replacing their current clearing agent (Penson Financial […]

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Questrade Inactivity Fees Take Effect

Published October 1, 2012
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Halloween isn’t the only scary event to come along this October.  Beginning this month, Canadian discount broker Questrade officially starts charging for inactivity fees – $19.95 per quarter to be exact. Once billed as the “no fee” discount brokerage, Questrade faced a strong backlash from its client base on Canadian deal site RedFlagDeals.com back in […]

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Discount Brokerage Deals & Promotions – October 2012

Published October 1, 2012
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For the month of October, most of the discount brokerages who are offering deals and promotions are fighting hard to win the business of Canadian retail investors. We’ve made a few changes to the deals section so that information is a little bit easier to find.  We’ve put the discount brokerage promotions that include commission […]

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Discount Brokerage Weekly Roundup – Sept. 28/12

Published September 28, 2012
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Discount Brokerage Weekly roundup: This week, we learned of a couple of major developments in the Canadian discount brokerage marketplace that  are likely to reshape the competitive landscape.  First, the major news that optionsXpress Canada is putting a hold on opening new Canadian accounts.  We found out from optionsXpress that out that for now this […]

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thinkorswim Canada almost ready to accept new clients

Published September 28, 2012
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One of the best rated stock and options trading platforms, thinkorswim, looks like it will be opening its doors again for Canadian investors.  From various conversations with TD Waterhouse discount brokerage representatives, traders and investors alike,  regaining access to the thinkorswim platform for Canadian discount brokerage clients has been widely anticipated.  Finally, it seems that […]

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Taking a time out – optionsXpress Canada holding off on new Canadian accounts

Published September 28, 2012
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As an update to our earlier story regarding optionsXpress Canada and their suspension on accepting new Canadian discount brokerage accounts, we received the following official statement from Schwab, the owner of optionsXpress Canada: “We are in the process of evaluating each business for strategic fit as part of the ongoing integration of Schwab and optionsXpress. […]

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Pit Trading – A “handy” how-to infographic

Published September 27, 2012
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Even though trading floors and exchanges have largely been replaced by server rooms filled with boxes of computer parts, there are still some places in the world where the movement of money or commodities is governed by people who can yell the loudest.  Welcome to the world of outcry pit trading, a place that redefines […]

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OptionsXpress Canada Suspends Accepting New Canadian Clients

Published September 24, 2012
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Conditions in the discount brokerage space seem to have taken their toll on OptionsXpress Canada. SparxTrading.com has learned that, as of mid September 2012, OptionsXpress Canada has suspended accepting new accounts from Canadians and has no plans to continue accepting new accounts from Canadians in the near future. We will continue to monitor this as […]

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How to Choose an Online Discount Broker

Published September 24, 2012
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With over 15 discount brokerages in Canada to choose from, picking the best online discount broker can seem like a daunting task.  We’ve tried to make that task a lot simpler by putting together a comprehensive comparison and review section on the Canadian discount brokerages. One of the most important factors in choosing a discount […]

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The Mighty TFSA

Published September 24, 2012
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Tax Free Savings Accounts (TFSA) Many of you are probably familiar with the saying: “the only sure things in life are death and taxes.” Well, as of January 2009 there’s been a little ray of hope as far as those taxes are concerned.   In February of 2008 the Canadian Minister of Finance (Jim Flaherty) announced […]

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Discount Brokerage Weekly Round Up – Sept. 21/2012

Published September 21, 2012
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Discount Brokerage Weekly roundup: The big news this week in the world of Canadian online discount brokerages was the release of the 2012 JD Power & Associates Canadian Discount Brokerage Investor Satisfaction Survey results.  With Disnat coming out on top, followed by BMO Investorline and National Bank Direct Brokerage, the survey showed that while Canadian […]

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3 lessons on investing Gangnam Style

Published September 20, 2012
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Spending as much time on the internet as we do here, we couldn’t help but come across the biggest craze to hit the internet since that cute Charlie Bit Me video.  If the suspense is killing you, we’re talking about none other than the video for Gangnam Style (OGS).  In a matter of just over […]

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