1

From this link: http://www.questrade.com/trading/tax_free_savings.aspx It says :

commissions are 1¢ per share, $4.95 minimum / $9.95 maximum.

That means , the investor needs to buy a minimum of 495 shares? But for the individual investor, this seems like a very large amount?

  • 1
    -1 .. nitpicking. Were you really that confused by their commission schedule, or were just looking for something to post? ;-) – Chris W. Rea May 1 '11 at 1:24
  • How I interpreted : 1 c per share..Min : 495 cents.so min # of shares you need to buy to reach 495 cents = 495 /1 = 495. – Victor123 May 1 '11 at 1:37
6

It means what it says, 1c per share, but not less than $4.95, meaning you'll pay $4.95 even for one share. The $9.95 maximum means that even if you buy 1000 shares, you'll pay just the $9.95, not that 995 shares are the most they'll let you trade.

seems like a question for https://english.stackexchange.com/

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