Sparx Trading Co-Founder Hamish Khamisa was recently a guest on Strictly Money, a segment of The News Forum that discusses the financial issues affecting Canadians today. In this episode, host Saijal Patel interviewed Hamish about his thoughts on various topics related to self-directed investing, including online brokerage fees, current trends, and more!
Here’s an overview of what Saijal and Hamish discuss in this episode of Strictly Money:
00:00 – Introduction
00:35 – What self-directed investors should consider before opening an account
01:15 – Thoughts on platforms moving away from charging commissions
02:20 – Minimum balance fees and how big they are
03:05 – How foreign exchange fees work
03:50 – What inactive charge fees are and accounts they affect
04:45 – What is a transfer fee, and how it works
05:50 – Screener tools and their value
06:50 – Are self-directed platforms for everyone?
07:20 – Evaluating value of robo-advisors
08:10 – How self-directed investment platforms may evolve and stay competitive
09:05 – Trading on mobile and potential trends
09:40 – Security and online brokerages
About Hamish Khamisa:
Hamish Khamisa is the Co-Founder of SparxTrading.com, a website built to provide transparent and trustworthy information about the world of self-directed investing. Since 2011, Sparx Trading has helped investors in the industry stay up to date on the latest features, services, and trends offered by online brokerages. In addition to leading Sparx Trading, Hamish is the President and Chief Digital Officer of Sparx Publishing Group, a BC-based digital marketing agency with a mission to create and amplify content that helps make the world better.