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Fees FAQ's
There are no fees to open an account, and no cash minimum is required to set up a cash account. However, there is a minimum $2,000 deposit required for margin and options accounts. There is also an annual administration fee of $50 plus tax for each registered account, such as an RRSP. This registered account fee is waived if your account has assets over $15,000.
To qualify for Active Trader pricing, you need to sign-up to receive your trade confirmations and account statements online with our eServices feature as well as make at least 10 web-based stock or options trades under the same Client Name/Account Group registration (accounts that start with the same 6 characters) within the three previous calendar months to receive Active Trader pricing for the next month. Active Trader begins and ends on the first trading day of each month.
For example if you made a total of 10 web-based stock or options trades during the period February 1st to April 30th, you’d receive Active Trader pricing for May.
No, there is no monthly fee.
You will get it for one calendar month. Eligible accounts will receive the Active Trader pricing on the first business day of the month and will be reassessed every month using trading activity from the three previous calendar months.
A note that reads “Active Trader Status (AT)” will be added to your Account Summary page next to each account group that qualifies for Active Trader pricing. In addition, any accounts receiving Active Trader pricing will be denoted ‘AT’ on account drop down lists on any account or trade pages.
No, the 10% rebate and cap on commissions only applies to the regular web ($19) and telephone commission schedules.
No, only orders placed over the web qualify for Active Trader pricing. If you place an order over the telephone, the telephone order schedule will apply.
No, there is no minimum account size required.
Please consult the Commissions & Fees section for more information on fees for trading mutual funds, requesting stock certificates, options trading and other account services.
The margin requirement depends on the price and number of shares that you plan to buy on margin. Visit the Types of Accounts section to learn more about trading on margin.
No. Unlike many other online brokers, Credential Direct’s fees are truly flat; there are no hidden ECN fees. Visit the Commissions & Fees section of the website for more on our fees.