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Canadian Discount broker - FAST execution & able to buy pinks

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Old Oct 25th, 2009, 12:44 AM   #1
apaschea
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Canadian Discount broker - FAST execution & able to buy pinks

ok so i need a broker that allows canadian residents to apply but it needs the following:

-able to buy pinks and OTC stocks without having to call in every single time
-fast fill executions

QUestrade is a piece of garbage and you cannot get filled unless the stock is tanking. biggest joke out there. i almost smashed my computer. bid ask at .075/.079 with hundreds of buys going through at .075 and higher and my .074 never filling. Same story for every single stock. So not them

Scotia itrade i also have. Love the executions but i have to call in every singel time for pinks and otc and split seconds make the difference between making and losing money.

i am currently opening an account with credential direct, trade freedom and interactive brokers. Hopefully one of them will work out for me. I think think or swim canada would have been best because im guessing they have good executions and i checked and they allow pinsk and otc buying. But they are not accepting any new customers till their merger is complete.

So anybody out there who knows of some brokerage firm thats fast, allows you to buy pinks and otc and allows canadian clients, please im begging you let me know.

Also last thought: i have a swiss passport and technically am a swiss resident. Would i maybe be able to open an account with an american firm and say im swiss even though i live in canada?
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Old Oct 31st, 2009, 10:46 AM   #2
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Scotia iTrade looks nice. I'm using ScotiaMacLeod Direct and hate the $28 commission. The profit margins are hard to hit on my low budget.

Too bad about Quest Trade, they get good press.
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Old Oct 31st, 2009, 01:05 PM   #3
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Originally Posted by hollerman View Post
Scotia iTrade looks nice. I'm using ScotiaMacLeod Direct and hate the $28 commission. The profit margins are hard to hit on my low budget.

Too bad about Quest Trade, they get good press.
I use Itrade and not bad,,,but can't trade pink and some OTC....
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Old Nov 2nd, 2009, 08:40 PM   #4
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I also use iTrade. You have to call to purchase all pinks but can buy some OTC's online and you can sell any pink or OTC online. Not Bad?

Oh yeah and fast executions which is VERY important!!
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Old Nov 3rd, 2009, 07:45 PM   #5
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Quote:
Originally Posted by apaschea View Post
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QUestrade is a piece of garbage and you cannot get filled unless the stock is tanking. biggest joke out there. i almost smashed my computer. bid ask at .075/.079 with hundreds of buys going through at .075 and higher and my .074 never filling. Same story for every single stock. So not them
if your .074 was a buy order, there is no way in hell you are gonna get any shares if the bid is .075 and buys are going through higher than that with any broker...

assuming you were trying to sell @.074 and trades are going through above .075, I'd be pretty pissed as well...
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