2022 COMPARISON GRID | BMO InvestorLine | CG Direct | CIBC Investor’s Edge | CI Direct Buying and selling | Desjardins On-line Brokerage | HSBC InvestDirect | Laurentian Financial institution Low cost Brokerage | Nationwide Financial institution Direct Brokerage | Qtrade Direct Investing | Questrade | RBC Direct Investing | Scotia iTRADE | TD Direct Investing | Wealthsimple Commerce | Interactive Brokers |
The fundamental inventory buying and selling commissions charged and product restrictions | $9.95 ✘ Restricitions | ✘ | $6.95 ✘ Restricitions | $9.99 ✘ Restricitions | $0 ✘ restrictions | $6.88 ✘ Restricitions | $9.95 ✘ Restricitions | $0.00 ✘ restrictions | $8.75 ✘ Restricitions | 1-cent per share Minimal $4.95 Maxiumum $9.95✘ Restricitions | $9.95 ✘ Restricitions | $9.99 ✘ Restricitions | $9.99 ✘ Restricitions | $0.00 ✔ Restrictions(Not all Shares and ETFs can be found) | CDN $0.01/share US $0.005/share Min $1.00 for each AND max 0.5% of commerce worth for CDN and 1% for US ✘ Restricitions |
The decrease and/or greater commissions charged for various circumstances | ✘ | ✘ | $0 25 12 months outdated college students | $3.99 150 or extra accomplished trades per quarter | ✘ | $4.88 150 or extra accomplished on-line trades per quarter (North American shares and ETFs) | ✘ | ✘ | $6.95 150 or extra accomplished trades per quarterOR> $500,000 in AssetsOR$7.75 for certified 18-30 12 months olds | $0.01 per share ($6.95 max) | $6.95 150 or extra accomplished trades per quarter | $4.99 150 or extra accomplished trades per quarter | $7.00 150 or extra accomplished trades per quarter | ✘ | ✘ |
Participation in pre- and post-market North American buying and selling periods | ✔ | ✘ | ✘ By telephone solely | ✘ | ✔ | ✘ By Telephone solely | ✘ | ✘ By Telephone solely | ✘ By Telephone solely | ✔ | ✘ By Telephone solely | ✔ | ✔ | ✘ | ✔ |
Entry to commerce worldwide shares on-line | ✘ | ✘ | ✘ | ✘ | ✘ | ✔ Hong Kong, London, Paris, Frankfurt exchanges | ✘ | ✘ | ✘ | ✔ | ✘ | ✘ | ✘ | ✘ | ✔ |
ECN price on high of normal fee | ✔ Charges for eradicating liquidity (from $0.0008/share to $0.004/share relying on trade and safety value) | ✔ Charges for eradicating liquidity (from $0.0008/share to $0.004/share relying on trade and safety value) | ✔ Charges for eradicating liquidity (from $0.0008/share to $0.004/share relying on trade and safety value) | ✔ Charges for eradicating liquidity (from $0.0008/share to $0.004/share relying on trade and safety value | ✘ | ✘ | ✘ | ✘ | ✘ | ✔ Charges for eradicating liquidity (from $0.0008/share to $0.004/share relying on trade and safety value | ✘ | ✔ After-hours buying and selling in U.S. markets ($0.005 per share) | ✔ Charges for eradicating liquidity (from $0.0008/share to $0.004/share relying on trade and safety value) | ✘ | ✔ Charges for eradicating liquidity (from $0.0008/share to $0.004/share relying on trade and safety value) |
Variety of commission-free ETFs | 80 | No free ETFs | No free ETFs | All ETFs are free for buys solely | All ETFs are free | No free ETFs | No free ETFs | All ETFs are free | 105 | All ETFs are free for buys solely | No free ETFs | 103 | TD ETFs solely and have to be traded suing TD EasyTrade cell app | Restricted providing, no clear checklist | Restricted providing, no clear checklist |
Fee charged when shopping for an ETF | ✔ ETFs not on exempt checklist | ✔ | ✔ | ✘ | ✘ | ✔ | ✔ | ✘ | ✔ ETFs not on exempt checklist | ✘ | ✔ | ✔ ETFs not on exempt checklist | ✔ Non-TD ETFs | ✘ WARNING: Wealthsimple determines which ETFs will be traded | ✔ ETFs not on permitted checklist |
Fee charged when promoting an ETF | ✔ ETFs not on exempt checklist | ✔ | ✔ | ✔ | ✘ | ✔ | ✔ | ✘ | ✔ Similar guidelines as buys and no day-trading | ✔ Common commissions on promote orders | ✔ | ✔ ETFs not on exempt checklist | ✔ Non-TD ETFs | ✘ Similar points as above | ✔ ETFs not on permitted checklist |
The fundamental choices buying and selling commissions charged and product restrictions | $9.95 base price, $1.25 per contract | $1 per contract (minimal $10) | $6.95 + $1.25 per contract | $7.99 + $1.25 per contract | $1.25 per contract (minimal $8.75) | $6.88 + $1.25 per contract | $9.95 + $1.25 per contract | $0 + $1.25 per contract (minimal $6.25) | $8.75 + $1.25 per contract | $9.95 ticket + $1.25 per contract. | $9.95 + $1.25 per contract | $9.99 + $1.25 per contract | $9.99 + $1.25 per contract | Choices buying and selling not accessible | $1.25 per contract (minimal $1.50) |
Entry to bonds and/or GICs on-line | Each | ✘ | Each | Bonds | Bonds | Bonds | Bonds | Bonds | Each | ✘ | Each | Each | Each | ✘ | ✘ |
Non-financial extras accessible to lively buyers | Enhanced buying and selling platform, precedence assist, enhanced information and analysis, higher margin charges, plus different charges, entry to BMO personal banking advantages, and unique IPO allocation | ✘ | Stage 2 quotes, analysis and instruments, and decrease commissions | A number of buying and selling platforms accessible for a price | Market Q platform with built-in portfolio and buying and selling ticket, streaming information and decrease commissions | Preferential rates of interest on margin balances | ✘ | Higher information amd higher buying and selling platform for a decreased pricing primarily based on month-to-month buying and selling quantity | Decrease commissions, charges, margin charges and debit rates of interest for margin accounts, and a devoted telephone quantity | Enhanced service and buying and selling platform | Precedence service, enhanced information and analysis instruments, and most popular margin charges and account charges | FlightDesk platform, decrease commissions, extra fairness analysis and precedence service | Depth of information, entry to devoted service crew and most popular margin charges | Purchasers can conform to buy real-time quotes on a month-to-month foundation | ✘ |
Annual charges for registered and non-registered accounts | Registered $100 Non-registered $100 | Registered $125 Non-registered $0 | Registered $100 Non-registered $100 | Registered $0 Non-registered $100 | Registered $0 Non-registered $0 | Registered $0 Non-registered $0 | Registered $100 Non-registered $120 | $100 divided between all accounts | Registered $ 100 Non-registered $ 100 | ✘ No annual charges | ✘ No annual charges | Registered $100 Non-registered $100 | ✘ No annual charges | ✘ No annual charges | Registered $0 Non-registered $0 |
The minimal required to keep away from an annual price | Registered $25,000 Non-registered $15,000 | ✘ | Registered $25,000 Non-registered $10,000 | $5,000 throughout all accounts, no charges for purchasers 26 or youthful | Registered $15,000 Non-registered $15,000 or 125 accomplished commerce per 12 months | ✘ No annual charges | 2 accomplished trades in 6 months OR $25,000 registered accounts OR $15,000 for non-registered | $20,000 throughout all accounts OR | 25,000 throughout all accounts OR younger investor OR recurring $100 contribution per 30 days OR minimal trades per 30 days | ✘ No annual charges, however there’s a $1,000 minimal required when opening an account | $15,000 throughout all accounts OR 3 accomplished trades per quarter OR quarterly deposits > $300 and banking relationships | Traders | ✘ No annual charges | ✘ No annual charges | USD$100,000 |
Inactivity price, value and how you can keep away from it | ✔ $25/quarter waived if with >$15,000 in account property OR 2 executed trades over 6 months in non-registered accounts | ✔ $20/month | ✘ no Inactivity Payment | ✔ $24.95/quarter waived $5,000 throughout all accounts, no charges for purchasers aged 26 or youthful | ✔ $30/quarter waived if >$15,000 in account property OR 6 executed trades over previous 12 months OR a registered account | ✔ $25/quarter waived if mixed property of >=$25,000 CAD throughout all HSID accounts OR account has been opened for | ✘ No inactivity price | ✘ No inactivity price | ✘ No inactivity price | ✘ No inactivity price | ✘ No inactivity price | ✔ $25/quarter if non-registered | ✔ $25/quarter waived if with >$15,000 family property OR 3 trades over 3 months OR new account OR GoalsAssist account | ✘ No inactivity price | ✔ $10/month minus USD fee cash generated OR $3 base for buyers >25 years outdated AND waived if > $100,000 USD account dimension |
Potential to carry U.S. {dollars} in registered accounts to keep away from FX charges for trades | ✔ | ✘ | ✔ | ✔ | ✔ | ✘ | ✘ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ | ✘ |
Desktop and/or cell system entry to analysts buy-and-sell suggestions | ✔ each | ✘ | ✔ TipRank device | ✔ desktop solely | ✔ each | ✘ | ✘ | ✘ | ✔ desktop solely | ✔ TipRank device by way of desktop and QuestMobile | ✔ | ✔ | ✔ On each Webbroker and cell app | ✘ | ✔ |
Buying and selling, account and/or market alerts via desktop and/or cell | ✔ | ✘ | ✔ Shares, market, watchlists and analysts ranking | ✔ | ✔ | ✔ | ✔ market solely cell solely | ✔ | ✔ desktop solely | ✔ | ✔ By way of electronic mail | ✔ Inventory and ETF value alerts; Watchlists; Technical | ✔ Value and quantity alerts by way of electronic mail and cell app, and information, scores, indicators and occasions by way of electronic mail solely | ✔ Inventory and ETF value alerts | ✔ |
Entry to instructional tutorials or how-to movies via desktop and/or cell system | ✔ | ✘ | ✔ | ✘ | ✔ | ✔ | ✘ | ✔ | ✔ desktop solely | ✔ Tutorials on all platforms | ✔ How-to movies and demos | ✔ How-to movies | ✔ On each Webbroker and cell app | ✘ | ✔ How-to movies |
Cellular-based entry to market quotes or account balances with out logging in | ✘ | ✘ No cell providing | ✔ Quotes | ✘ | ✔ Quotes | ✘ No cell providing | ✘ No cell providing | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ |
Entry to human chat providers | Monday via Friday, 8 a.m. to five p.m. (EST) | ✘ | Monday via Friday, 8 a.m. to six p.m. (EST) | Monday via Friday, market hours | ✘ | Monday via Friday 9 a.m. to five p.m. (EST) | ✘ | ✘ | Monday via Friday, 11 a.m. to five p.m. (EST) | Monday via Friday, 7:30 a.m. to eight p.m. (EST) | ✘ | Monday via Friday, 9:30 a.m. to five p.m. | ✘ | ✘ | Monday via Friday, 24 hours; Sunday, 1 p.m. to 7 p.m. (EST), U.S.-based |
Wait occasions for inquiries | 37 hours (79 in 2021) | 50 hours (10 in 2021) | 31 hours (107 in 2021) | 7 hours (90 in 2021) | 28 hours (97 in 2021) | 81 hours (80 in 2021) | 29 hours (48 in 2021) | 118 hours (38 in 2021) | 5 hours (10 in 2021) | 21 hours (3 in 2021) | 7 hours (35 in 2021) | 37 hours (94 in 2021) | 26 hours (53 in 2021) | 16 hours (74 in 2021) | 20 hours (48 in 2021) |
Learn extra: Take a look at the critiques from Surviscor | BMO InvestorLine Evaluation | Canaccord Genuity Direct Evaluation | CIBC Investor’s Edge Evaluation | CI Direct Buying and selling Evaluation | Desjardins On-line Brokerage Evaluation | HSBC InvestDirect Evaluation | Laurentian Financial institution Low cost Brokerage Evaluation | Nationwide Financial institution Direct Brokerage Evaluation | Qtrade Direct Investing Evaluation | Questrade Evaluation | RBC Direct Investing Evaluation | Scotia iTRADE Evaluation | TD Direct Investing Evaluation | Wealthsimple Commerce Evaluation | Interactive Brokers Evaluation |