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2004 Broker Survey
The Globe and Mail's 2004 On-line Broker Report
Profiles
Click a broker to view contact info, services offered and fee schedules
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ScotiaMcLeod Direct Investing

TD Waterhouse
Broker: ScotiaMcLeod Direct Investing
Web Site: http://www.scotiamcleoddirect.com/
Customer Service: Phone: 1-800-263-3430 (English)
Phone:1-800-361-6601 (French and Quebec Residents)
Phone:1-877-662-3838 (Cantonese and Mandarin)
E-mail: smdirect@scotiamcleoddirect.com
Mailing Addresses:

All provinces except Quebec:
  ScotiaMcLeod Direct Investing
  P.O. Box 603
  Scarborough, ON
  M1K 5C5

In Quebec:
  Placement direct ScotiaMcLeod
  P.O. Box 1115
  Station Place D'armes
  Montreal, Quebec
  H9Y 9Z9

Service / Accounts Available:
  • Cash accounts
  • Margin accounts
  • Locked-in retirement accounts (LIRAs)
  • Registered retirement savings plans (RRSPs)
  • Life income fund (LIF)
Commission Schedule / Fees: (For the most up-to-date prices and conditions, please visit ScotiaMcLeod Direct Investing's Web site)
Equities (Cdn./U.S.)

Up to 1000 shares of any value using the Internet and Automated Telephone Service:

  • Market Order $25.95
  • Limit Orders $28.95
More than 1000 shares
Share price Internet and Automated Telephone Service Placed by phone with a person
Commission / Price Commission / Price
Less than $1.00 $0.005 $34.95 + $0.005  ($38.95 U.S.)
$1.00 - $1.99 $0.02 $34.95 + $0.02  ($38.95 U.S.)
$2.00 - $4.99 $0.025 $34.95 + $0.03  ($38.95 U.S.)
$5.00 - $9.99 $34.95 + $0.04  ($38.95 U.S.)
$10.00 - $19.99 $34.95 + $0.05  ($38.95 U.S.)
$20.00 and higher $34.95 + $0.06  ($38.95 U.S.)
Note:The maximum commission is 2% of the trade value subject to a minimum commission of $25.95 for Market Orders and $28.95 for Limit Orders charged for each trade. For trades under $2,000, the commission is $25.95 for Market Orders, $28.95 for Limit Orders. The maximum commission is 2% of the trade value subject to a minimum commission of $39.95 charged for each trade.

 
Mutual Fund Trades
  Front-Load No-Load Back­Load
Purchase $0 $0 $0
Switch $0 $0 $0
Redemption $40 $40 $0
Note:Minimum purchase amounts apply. Additional transaction fees may be imposed by some mutual fund companies (e.g. set-up fees, early redemption fees).

 
Option Trades - Canadian and U.S
Option Value Internet Placed by phone with a person
Commission / Contract Commission / Contract
Less than $1.00 $25.95 + $0.80 $34.95 + $1.00
$1.00 - $1.99 $25.95 + $1.20 $34.95 + $1.50
$2.00 - $2.99 $25.95 + $1.60 $34.95 + $2.00
$3.00 - $3.99 $25.95 + $2.00 $34.95 + $2.50
$4.00 - $4.99 $25.95 + $2.40 $34.95 + $3.00
$5.00 and higher $25.95 + $2.80 $34.95 + $3.50
Note:For assignments and exercises, the regular equity commission schedule applies.

 
Special Services:
  • Real-time quotes
  • Stock alerts

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