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Email this10:26 pm
July 17, 2024
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Hello Forum Community,
First and foremost, I'd like to extend my gratitude
to the creator of this website and to everyone who
generously shares their ideas and experiences here.
I have learned a great deal from this website and
the vibrant forum community.
Today marks my first-time posting questions here,
and I would greatly appreciate any insights or experiences
you could share regarding TD Direct Investing. Specifically,
I am interested in understanding more about the fee structure
and benefits. From what I understand, there are no charges
for purchasing bonds, T-Bills, GICs from various financial institutions,
or mutual funds, except for trading stocks and ETFs.
Thank you in advance for your comments!
Best regards,
Money
10:06 am
November 20, 2022
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You should be good to refer to this page.
10:37 am
September 30, 2017
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Newbie … pay attention to the monthly fee and the circumstances TD will waive it! It's going to bite when you are not careful.
2:29 pm
November 21, 2022
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hwyc said
Newbie … pay attention to the monthly fee and the circumstances TD will waive it! It's going to bite when you are not careful.
This! I have helped family enrol in the DI branches of RBC and TD, and understanding the quarterly maintenance fee at both institutions and how to avoid it was very important in both circumstances.
I also personally use both RBC-DI and TD-DI, so that helped.
At TD, mutual funds still remain free to trade (who knows for how long, of course). GICs have their commission costs built into their pricing. Just beware the minimum balances required for purchases within certain accounts and from specific institutions.
ETFs and stocks will incur a commission at purchase and sale. The commission can really bite into your returns if you trade often or only small amounts of funds at any given time. So think about how frequent you plan on trading and what. It may be worth researching a brokerage that allows free ETF trades on either purchase, sale, both, or on specific types of ETFs.
Pirithous
"Sometimes I do what I want to do. The rest of the time, I do what I have to."
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