{"id":27446,"date":"2022-08-12T13:51:14","date_gmt":"2022-08-12T17:51:14","guid":{"rendered":"https:\/\/www.moneysense.ca\/?p=268853"},"modified":"2022-08-12T13:51:14","modified_gmt":"2022-08-12T17:51:14","slug":"best-online-brokers-in-canada-for-2022","status":"publish","type":"post","link":"https:\/\/www.moneysense.ca\/save\/investing\/best-online-brokers-in-canada\/","title":{"rendered":"Best online brokers in Canada for 2022"},"content":{"rendered":"
<\/div>\n\n 2022 COMPARISON GRID <\/td>\n BMO InvestorLine <\/td>\n CG Direct <\/td>\n CIBC Investor’s Edge <\/td>\n CI Direct Trading <\/td>\n Desjardins Online Brokerage <\/td>\n HSBC InvestDirect <\/td>\n Laurentian Bank Discount Brokerage <\/td>\n National Bank Direct Brokerage <\/td>\n Qtrade Direct Investing <\/td>\n Questrade <\/td>\n RBC Direct Investing <\/td>\n Scotia iTRADE <\/td>\n TD Direct Investing <\/td>\n Wealthsimple Trade <\/td>\n Interactive Brokers <\/td>\n<\/tr>\n\n The basic stock trading commissions charged and product restrictions <\/td>\n $9.95
\n\u2718 Restricitions <\/td>\n \u2718 <\/td>\n $6.95
\n\u2718 Restricitions <\/td>\n $9.99
\n\u2718 Restricitions <\/td>\n $0
\n\u2718 restrictions <\/td>\n $6.88
\n\u2718 Restricitions <\/td>\n $9.95
\n\u2718 Restricitions <\/td>\n $0.00
\n\u2718 restrictions <\/td>\n $8.75
\n\u2718 Restricitions <\/td>\n 1-cent per share Minimum $4.95
\nMaxiumum $9.95\u2718 Restricitions <\/td>\n $9.95
\n\u2718 Restricitions <\/td>\n $9.99
\n\u2718 Restricitions <\/td>\n $9.99
\n\u2718 Restricitions <\/td>\n $0.00
\n\u2714 Restrictions(Not all Stocks and ETFs are available) <\/td>\n CDN $0.01\/share
\nUS $0.005\/share
\nMin $1.00 for both AND max 0.5% of trade value for CDN and 1% for US
\n\u2718 Restricitions <\/td>\n<\/tr>\n\n The lower and\/or higher commissions charged for different circumstances <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n $0
\n25 years old with bank account
\nOR
\n$4.95
\nactive traders
\nOR
\n$5.95
\n>25 year old students <\/td>\n $3.99
\n150 or more completed trades per quarter <\/td>\n \u2718 <\/td>\n $4.88
\n150 or more completed online trades per quarter (North American stocks and ETFs) <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n $6.95
\n150 or more completed trades per quarterOR> $500,000 in AssetsOR$7.75 for qualified 18-30 year olds <\/td>\n $0.01 per share
\n($6.95 max) <\/td>\n $6.95
\n150 or more completed trades per quarter <\/td>\n $4.99
\n150 or more completed trades per quarter <\/td>\n $7.00
\n150 or more completed trades per quarter <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n<\/tr>\n\n Participation in pre- and post-market North American trading sessions <\/td>\n \u2714 <\/td>\n \u2718 <\/td>\n \u2718
\nBy phone only <\/td>\n \u2718 <\/td>\n \u2714 <\/td>\n \u2718
\nBy Phone only <\/td>\n \u2718 <\/td>\n \u2718
\nBy Phone only <\/td>\n \u2718
\nBy Phone only <\/td>\n \u2714 <\/td>\n \u2718
\nBy Phone only <\/td>\n \u2714 <\/td>\n \u2714 <\/td>\n \u2718 <\/td>\n \u2714 <\/td>\n<\/tr>\n\n Access to trade international stocks online <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n \u2714 Hong Kong, London, Paris, Frankfurt exchanges <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n \u2714 <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n \u2714 <\/td>\n<\/tr>\n\n ECN fee on top of regular commission <\/td>\n \u2714
\nFees for removing liquidity (from $0.0008\/share to $0.004\/share depending on exchange and security price) <\/td>\n \u2714
\nFees for removing liquidity (from $0.0008\/share to $0.004\/share depending on exchange and security price) <\/td>\n \u2714
\nFees for removing liquidity (from $0.0008\/share to $0.004\/share depending on exchange and security price) <\/td>\n \u2714
\nFees for removing liquidity (from $0.0008\/share to $0.004\/share depending on exchange and security price <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n \u2714
\nFees for removing liquidity (from $0.0008\/share to $0.004\/share depending on exchange and security price <\/td>\n \u2718 <\/td>\n \u2714
\nAfter-hours trading in U.S. markets
\n($0.005 per share) <\/td>\n \u2714
\nFees for removing liquidity (from $0.0008\/share to $0.004\/share depending on exchange and security price) <\/td>\n \u2718 <\/td>\n \u2714
\nFees for removing liquidity (from $0.0008\/share to $0.004\/share depending on exchange and security price) <\/td>\n<\/tr>\n\n Number of commission-free ETFs <\/td>\n 80 <\/td>\n No free ETFs <\/td>\n No free ETFs <\/td>\n All ETFs are free for buys only <\/td>\n All ETFs are free <\/td>\n No free ETFs <\/td>\n No free ETFs <\/td>\n All ETFs are free <\/td>\n 105 <\/td>\n All ETFs are free for buys only <\/td>\n No free ETFs <\/td>\n 103 <\/td>\n TD ETFs only and must be traded suing TD EasyTrade
\nmobile app <\/td>\n Limited offering,
\nno clear list <\/td>\n Limited offering,
\nno clear list <\/td>\n<\/tr>\n\n Commission charged when buying an ETF <\/td>\n \u2714
\nETFs not on exempt list <\/td>\n \u2714 <\/td>\n \u2714 <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n \u2714 <\/td>\n \u2714 <\/td>\n \u2718 <\/td>\n \u2714
\nETFs not on exempt list <\/td>\n \u2718 <\/td>\n \u2714 <\/td>\n \u2714
\nETFs not on exempt list <\/td>\n \u2714
\nNon-TD ETFs <\/td>\n \u2718
\nWARNING:
\nWealthsimple determines which ETFs can be traded <\/td>\n \u2714
\nETFs not on approved list <\/td>\n<\/tr>\n\n Commission charged when selling an ETF <\/td>\n \u2714
\nETFs not on exempt list <\/td>\n \u2714 <\/td>\n \u2714 <\/td>\n \u2714 <\/td>\n \u2718 <\/td>\n \u2714 <\/td>\n \u2714 <\/td>\n \u2718 <\/td>\n \u2714 Same rules as buys and no day-trading <\/td>\n \u2714
\nRegular commissions on sell orders <\/td>\n \u2714 <\/td>\n \u2714
\nETFs not on exempt list <\/td>\n \u2714
\nNon-TD ETFs <\/td>\n \u2718
\nSame issues as above <\/td>\n \u2714
\nETFs not on approved list <\/td>\n<\/tr>\n\n The basic options trading commissions charged and product restrictions <\/td>\n $9.95 base fee, $1.25 per contract <\/td>\n $1 per contract (minimum $10) <\/td>\n $6.95 + $1.25 per contract <\/td>\n $7.99 + $1.25 per contract <\/td>\n $1.25 per contract (minimum $8.75) <\/td>\n $6.88 + $1.25 per contract <\/td>\n $9.95 + $1.25 per contract <\/td>\n $0 + $1.25 per contract (minimum $6.25) <\/td>\n $8.75 + $1.25 per contract <\/td>\n $9.95 ticket + $1.25 per contract. <\/td>\n $9.95 + $1.25 per contract <\/td>\n $9.99 + $1.25 per contract <\/td>\n $9.99 + $1.25 per contract <\/td>\n Options trading not available <\/td>\n $1.25 per contract (minimum $1.50) <\/td>\n<\/tr>\n\n Access to bonds and\/or GICs online <\/td>\n Both <\/td>\n \u2718 <\/td>\n Both <\/td>\n Bonds <\/td>\n Bonds <\/td>\n Bonds <\/td>\n Bonds <\/td>\n Bonds <\/td>\n Both <\/td>\n \u2718 <\/td>\n Both <\/td>\n Both <\/td>\n Both <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n<\/tr>\n\n Non-financial extras available to active investors <\/td>\n Enhanced trading platform,
\npriority support, enhanced data and research,
\nbetter margin rates, plus other fees, access to BMO private banking benefits, and
\nexclusive IPO allocation <\/td>\n \u2718 <\/td>\n Level 2 quotes, research and tools, and lower commissions <\/td>\n Multiple trading platforms available for a fee <\/td>\n Market Q platform with integrated portfolio and trading ticket, streaming data and lower commissions <\/td>\n Preferential interest rates on margin balances <\/td>\n \u2718 <\/td>\n Better data amd better trading platform for a reduced pricing based on monthly trading volume <\/td>\n Lower commissions, fees, margin rates and debit interest rates for margin accounts, and a dedicated phone number <\/td>\n Enhanced service and trading platform <\/td>\n Priority service, enhanced data and research tools, and preferred margin rates and account fees <\/td>\n FlightDesk platform, lower commissions, additional equity research and priority service <\/td>\n Depth of data, access to dedicated service team and preferred margin rates <\/td>\n Clients can agree to purchase real-time quotes on a monthly basis <\/td>\n \u2718 <\/td>\n<\/tr>\n\n Annual fees for registered and non-registered accounts <\/td>\n Registered
\n$100
\nNon-registered
\n$100 <\/td>\n Registered
\n$125
\nNon-registered
\n$0 <\/td>\n Registered
\n$100
\nNon-registered
\n$100 <\/td>\n Registered
\n$0
\nNon-registered
\n$100 <\/td>\n Registered
\n$0
\nNon-registered
\n$0 <\/td>\n Registered
\n$0
\nNon-registered
\n$0 <\/td>\n Registered
\n$100
\nNon-registered
\n$120 <\/td>\n $100 divided between all accounts <\/td>\n Registered
\n$ 100
\nNon-registered
\n$ 100 <\/td>\n \u2718 No annual fees <\/td>\n \u2718 No annual fees <\/td>\n Registered
\n$100
\nNon-registered
\n$100 <\/td>\n \u2718 No annual fees <\/td>\n \u2718 No annual fees <\/td>\n Registered
\n$0
\nNon-registered
\n$0 <\/td>\n<\/tr>\n\n The minimum required to avoid an annual fee <\/td>\n Registered $25,000 Non-registered $15,000 <\/td>\n \u2718 <\/td>\n Registered $25,000 Non-registered $10,000 <\/td>\n $5,000 across all accounts, no fees for clients 26 or younger <\/td>\n Registered $15,000 Non-registered $15,000 or 125 completed trade per year <\/td>\n \u2718 No annual fees <\/td>\n 2 completed trades in 6 months
\nOR
\n$25,000 registered accounts OR $15,000 for non-registered <\/td>\n $20,000
\nacross all accounts
\nOR
\n30 years old
\nOR
\nenrolled professional
\nOR
\nInvestCube account <\/td>\n 25,000 across all accounts
\nOR
\nyoung investor
\nOR
\nrecurring $100 contribution per month
\nOR
\nminimum trades per month <\/td>\n \u2718 No annual fees, but there is a $1,000 minimum required when opening an account <\/td>\n $15,000
\nacross all accounts
\nOR
\n3 completed trades per quarter
\nOR
\nquarterly deposits > $300
\nand
\nbanking relationships <\/td>\n Investors 26 years old
\nOR
\nregistered
\n$25,000 or 12 completed trades per year
\nOR
\nnon-registered
\n$10,000 or 1 completed trade per quarter <\/td>\n \u2718 No annual fees <\/td>\n \u2718 No annual fees <\/td>\n USD$100,000 <\/td>\n<\/tr>\n\n Inactivity fee, cost and how to avoid it <\/td>\n \u2714 $25\/quarter
\nwaived if with >$15,000 in account assets OR 2 executed trades over 6 months in non-registered accounts <\/td>\n \u2714 $20\/month <\/td>\n \u2718 no Inactivity Fee <\/td>\n \u2714 $24.95\/quarter
\nwaived $5,000 across all accounts, no fees for clients aged 26 or younger <\/td>\n \u2714 $30\/quarter
\nwaived if >$15,000 in account assets OR 6 executed trades over past 12 months OR a registered account <\/td>\n \u2714 $25\/quarter waived if combined assets of >=$25,000 CAD across all HSID accounts OR account has been opened for 90 days OR Jade customer OR 3 executed over the past quarter <\/td>\n \u2718 No inactivity fee <\/td>\n \u2718 No inactivity fee <\/td>\n \u2718 No inactivity fee <\/td>\n \u2718 No inactivity fee <\/td>\n \u2718 No inactivity fee <\/td>\n \u2714 $25\/quarter if non-registered $10,000, waived if with 1 trade over 3 months OR new account OR 25 years old <\/td>\n \u2714 $25\/quarter
\nwaived if with >$15,000 household assets OR 3 trades over 3 months OR new account OR GoalsAssist account <\/td>\n \u2718 No inactivity fee <\/td>\n \u2714 $10\/month minus USD commission money generated OR $3 base for investors >25 years old AND waived if > $100,000 USD account size <\/td>\n<\/tr>\n\n Ability to hold U.S. dollars in registered accounts to avoid FX fees for trades <\/td>\n \u2714 <\/td>\n \u2718 <\/td>\n \u2714 <\/td>\n \u2714 <\/td>\n \u2714 <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n \u2714 <\/td>\n \u2714 <\/td>\n \u2714 <\/td>\n \u2714 <\/td>\n \u2714 <\/td>\n \u2714 <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n<\/tr>\n\n Desktop and\/or mobile device access to analysts buy-and-sell recommendations <\/td>\n \u2714 both <\/td>\n \u2718 <\/td>\n \u2714 TipRank tool <\/td>\n \u2714 desktop only <\/td>\n \u2714 both <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n \u2714 desktop only <\/td>\n \u2714 TipRank tool via desktop and QuestMobile <\/td>\n \u2714 <\/td>\n \u2714 <\/td>\n \u2714 On both Webbroker and mobile app <\/td>\n \u2718 <\/td>\n \u2714 <\/td>\n<\/tr>\n\n Trading, account and\/or market alerts through desktop and\/or mobile <\/td>\n \u2714 <\/td>\n \u2718 <\/td>\n \u2714 Stocks, market, watchlists and analysts rating <\/td>\n \u2714 <\/td>\n \u2714 <\/td>\n \u2714 <\/td>\n \u2714 market only mobile only <\/td>\n \u2714 <\/td>\n \u2714 desktop only <\/td>\n \u2714 <\/td>\n \u2714 Via email <\/td>\n \u2714 Stock and ETF price alerts; Watchlists; Technical <\/td>\n \u2714 Price and volume alerts via email and mobile app, and news, ratings, indicators and events via email only <\/td>\n \u2714 Stock and ETF price alerts <\/td>\n \u2714 <\/td>\n<\/tr>\n\n Access to educational tutorials or how-to videos through desktop and\/or mobile device <\/td>\n \u2714 <\/td>\n \u2718 <\/td>\n \u2714 <\/td>\n \u2718 <\/td>\n \u2714 <\/td>\n \u2714 <\/td>\n \u2718 <\/td>\n \u2714 <\/td>\n \u2714 desktop only <\/td>\n \u2714 Tutorials on all platforms <\/td>\n \u2714 How-to videos and demos <\/td>\n \u2714 How-to videos <\/td>\n \u2714 On both Webbroker and mobile app <\/td>\n \u2718 <\/td>\n \u2714 How-to videos <\/td>\n<\/tr>\n\n Mobile-based access to market quotes or account balances without logging in <\/td>\n \u2718 <\/td>\n \u2718
\nNo mobile offering <\/td>\n \u2714 Quotes <\/td>\n \u2718 <\/td>\n \u2714 Quotes <\/td>\n \u2718
\nNo mobile offering <\/td>\n \u2718
\nNo mobile offering <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n<\/tr>\n\n Access to human chat services <\/td>\n Monday through Friday, 8 a.m. to 5 p.m. (EST) <\/td>\n \u2718 <\/td>\n Monday through Friday, 8 a.m. to 6 p.m. (EST) <\/td>\n Monday through Friday,
\nmarket hours <\/td>\n \u2718 <\/td>\n Monday through Friday
\n9 a.m. to 5 p.m. (EST) <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n Monday through Friday,
\n11 a.m. to 5 p.m. (EST) <\/td>\n Monday through Friday, 7:30 a.m. to 8 p.m. (EST) <\/td>\n \u2718 <\/td>\n Monday through Friday, 9:30 a.m. to 5 p.m. <\/td>\n \u2718 <\/td>\n \u2718 <\/td>\n Monday through Friday, 24 hours;
\nSunday, 1 p.m. to 7 p.m. (EST), U.S.-based <\/td>\n<\/tr>\n\n Wait times for inquiries <\/td>\n 37 hours
\n(79 in 2021) <\/td>\n 50 hours
\n(10 in 2021) <\/td>\n 31 hours
\n(107 in 2021) <\/td>\n 7 hours
\n(90 in 2021) <\/td>\n 28 hours
\n(97 in 2021) <\/td>\n 81 hours
\n(80 in 2021) <\/td>\n 29 hours
\n(48 in 2021) <\/td>\n 118 hours
\n(38 in 2021) <\/td>\n 5 hours
\n(10 in 2021) <\/td>\n 21 hours
\n(3 in 2021) <\/td>\n 7 hours
\n(35 in 2021) <\/td>\n 37 hours
\n(94 in 2021) <\/td>\n 26 hours
\n(53 in 2021) <\/td>\n 16 hours
\n(74 in 2021) <\/td>\n 20 hours
\n(48 in 2021) <\/td>\n<\/tr>\n\n Read more: Check out the reviews from Surviscor <\/td>\n BMO InvestorLine Review<\/a> <\/td>\n Canaccord Genuity Direct Review<\/a> <\/td>\n CIBC Investor’s Edge Review<\/a> <\/td>\n CI Direct Trading Review<\/a> <\/td>\n Desjardins Online Brokerage Review<\/a> <\/td>\n HSBC InvestDirect Review<\/a> <\/td>\n Laurentian Bank Discount Brokerage Review<\/a> <\/td>\n National Bank Direct Brokerage Review<\/a> <\/td>\n Qtrade Direct Investing Review<\/a> <\/td>\n Questrade Review<\/a> <\/td>\n RBC Direct Investing Review<\/a> <\/td>\n Scotia iTRADE Review<\/a> <\/td>\n TD Direct Investing Review<\/a> <\/td>\n Wealthsimple Trade Review<\/a> <\/td>\n Interactive Brokers Review<\/a> <\/td>\n<\/tr>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

2022 COMPARISON GRID BMO InvestorLine CG Direct CIBC Investor’s Edge CI Direct Trading Desjardins Online Brokerage HSBC InvestDirect Laurentian Bank Discount Brokerage National Bank Direct Brokerage Qtrade Direct Investing Questrade RBC Direct Investing Scotia...<\/p>\n","protected":false},"author":1,"featured_media":27448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7,10],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts\/27446"}],"collection":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/comments?post=27446"}],"version-history":[{"count":0,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts\/27446\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/media?parent=27446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/categories?post=27446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/tags?post=27446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}