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Message: Re:Survey of supporting a Broker that sponsors Agoracom

Re:Survey of supporting a Broker that sponsors Agoracom

posted on Sep 29, 2009 08:49AM

Hi George and Paul.

As I explained to you at the Cambridge conference in Toronto, I would support and switch over if it was advantageous to me. This morning I checked out the BMO Investorline and found something very disturbing about how commissions are charged for the same stock, same side of trade, same day, if multiple orders are placed. This quote is directly from the BMO Investorline site:"

  • Trades under Flat Fee Pricing are charged on a per order basis and are not bundled for discounts. For example, where multiple trades are made on the same account for the same security – on the same exchange, the same side of the market and the same day – each trade is charged the applicable commission rate. "
  • I would not be able to support such a broker.

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