I just started following UPM V3 with $33K. I am currently using Questrade (which I opened recently). Questrade charges ECN fees on top of their $4.95-$9.95 (1 cent per share). Though based on the volume of the shares I trade, you may get lower than $9.95 commission fee, with ECN fee added, it is very uncertain and in some cases, I may pay more than $9.95 per trade on average in fees. If I go with RBC or TD they charge a flat fee of $9.95 or $9.95.
In UPM V3, in calendar year 2016, there were 34 buy orders and 36 sell orders. Each time there is a buy or sell order, as per SSP suggestion, we need re-adjust the existing stocks to match SSP performance based on this article. http://www.superstockpicker.com/forum/index.php?topic=121.0
With some assumptions and rough calculations for 2017 for similar number of trades, if I go with RBC, I may pay between $1741 to $2368 i.e., roughly anywhere between 5.27 to 7.17% goes in trading fees. If I go with Questrade, I think I will end up at the same fee rates. In fact, Questrade will be even more uncertain..
If any one has suggestions regarding brokerage institutions that can provide lower fees, I really appreciate. Thanks in advance.