Greatest on-line brokers in Canada for 2022

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25 12 months outdated college students $3.99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