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Old 05-20-2008, 11:04 AM   #3
Agamemnon
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Join Date: Jul 2002
Location: Calgary
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I find the easiest way is just to use your online banking. I do online banking with Scotiabank, I just click the "Investor" tab (I assume most online banks have this), and put the order in there. It costs $25 per transaction... you might be able to find $20/transaction sites, but given I'm already signed up with Scotia I just do it through them and eat the extra $5/transaction. The more you have to play with, or the more you trade, the cheaper your transaction costs can be.

Just realize that if you're buying/selling a stock and the transaction fees are $25, thats $50 off the top ($25 for buying/$25 for selling)... so if you're buying $200 worth of stock, you're really hurting with those transaction costs. It's really only cost effective (I find) to buy in chunks of at least $1000 (but preferably more) to reduce your transaction cost/share.
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