There are a number of great online brokerage options available to Canadian investors. Top Canadian Investment Platforms offer low or no trading fees, others have a range of different account types and some have mobile apps. There are also a number of different deposit and withdrawal methods available to Canadians. Many of the major banks also offer their own online brokerages, but they tend to be geared towards people who already have an account with that bank and are looking for a convenient way to manage their investments.
For example, TD Direct Investing is the largest online Canadian brokerage and is one of our favourites. Its fees are a little higher than some competitors but it offers excellent tools, features and customer support. Plus, for a limited time, you can get 100 trades free with promo code EDGE2425.
Top Canadian Investment Platforms: Compare & Choose
Another option is CIBC Investor’s Edge, which is Canada’s first self-directed online investment brokerage. It offers flat fee commissions on stock and ETF trades starting at $6.95 and has a large selection of U.S. stocks and international assets. It’s also a good choice for new investors as it provides plenty of education and support to build confidence.
There are also a number of smaller independent online brokerages that are worth checking out. For example, Questrade offers an excellent desktop and app based trading platform as well as a robo-advisor known as WealthSimple Trade that allows you to make a completely diversified portfolio with no commissions at all.