Author Topic: What's in it for them? - discount brokerage  (Read 951 times)

Heckler

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What's in it for them? - discount brokerage
« on: November 22, 2014, 10:11:59 AM »
I just set up an online account with my banks online brokerage to be able to buy vanguard in my RRSP.

They are offering $250 cash and 25 free trades (another $250) for me to move 100+K into my account.

I went to the bank and asked what's in it for them, but the friendly guy I was talking to didn't know.


What does a major Canadian banks brokerage have to gain from giving me $500 to hold my 100+K in Vanguard funds?

Jags4186

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Re: What's in it for them? - discount brokerage
« Reply #1 on: November 22, 2014, 10:43:38 AM »
They hope to get you into being an active trader (hence the 25 free trades). Then you keep trading and paying for those trades!