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A Comparison of Questrade’s Affiliate Bullion Dealers

As of 2005, gold and silver coins and bars that meet specific criteria are considered ‘financial instruments’ by Revenue Canada and therefore are qualifying assets for your RRSP and TFSA. Gold must be 99.5% pure and silver must be 99.9% pure. Metals must also be stored at one of seven approved storage facilities in Canada.

Setting up an account with Questrade is simple and can be done online with as little as $1000. You will need your social security number and your bank and employment information. There are no fees to open or transfer your account and they will even cover your old bank’s transfer fees up to $150 when you move at least $25,000 from another brokerage. Questrade makes it easy to regularly fund your account with pre-authorized cash contributions, automatic deposits and dividend reinvestment plans.

Pricing, Premiums and Commissions:Pooled Storage:Segregated Storage:Delivery Option:Internet Trading:Minimum Unit of Gold:Minimum Unit of Silver:Minimum Order:Other Features and Fees:Full Review:Visit Website:
SilverGoldBullQuestrade commission ($19.95/trade) included in premiumNoBrinks CanadaYesNo1/4 oz10 oz$1000 minimum purchaseSilverGoldBull has gold and silvers bars on special all the time, at very low premiums over spot. At the time of writing this review, the Valcambi gold bar was at only 4.5% above spot.Go to Silver Gold Bull Reviewhttps://silvergoldbull.ca
guildhallQuestrade commission ($19.95/trade) included in premiumNoIDS Canada: 1.25% of market value per yearYesNo1 oz10 oz$1000 to open Questrade AccountGo to Guildhall Wealth Reviewhttps://guildhallwealth.com
SprottQuestrade commission ($19.95/trade) included in premium plus $20/trade for trades over $2000NoIDS Canada: 1% of market value per yearYesNo1 oz10 oz$1000 minimum purchaseGo to Sprott Money Reviewhttps://www.sprottmoney.com
kitco$19.95/trade, trade directly with QuestradeRoyal Canadian Mint: 0.25% of market value IDS Canada: 1.50% of market value per yearYes: $30 for each 500 oz or $100,000 bullionNo1 oz25 oz$1000 to open Questrade AccountInsurance fees: $4 per $1,000 of gold and $7.50 per $1,000 of silver Go to Kitco Metals Reviewhttps://kitco.com
CBSQuestrade commission ($19.95/trade) included in premiumNoBrinks, Ontario: 1% of market value per yearYesNo1 oz1 oz$1000 to open Questrade AccountOffer favourable rate to exchange U.S. and Canadian dollars. Go to Canadian Bullion Services Reviewhttps://canadianbullion.ca
dillongageQuestrade commission ($19.95/trade) included in premiumNoIDS Canada: minimum monthly charge of $25, additional charges will varyYesYes1 oz1 oz$10,000 minimum purchaseGo to Dillon Gage Reviewhttps://dillongage.com
wwpmQuestrade commission ($19.95/trade) included in premium plus 1% of value of tradeNoIDS Canada: 0.8% per yearYesNo1/21 ozBrokerage account minimum balance is $5000Insurance fees: $4 per $1,000 of gold and $7.50 per $1,000 of silver Go to Worldwide Precious Metals Reviewhttps://wwpmc.com

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