Table of Contents:
- Overview of Common Account Types & CIPF Membership
- Commission Fees and Funding Requirements
- Overview of Registered Accounts – Fees and Funding Requirements
- Overview of Mobile Trading Enabled Sites
- Overview of Options Commission Pricing
Last Updated: February 2014
Trying to choose the best Canadian discount brokerage is hard work. With over 14 possible choices to select from, it can seem like a daunting task to research what types of accounts are being offered, how much the fees are for trading accounts and what the prices and conditions are for commission costs. Yet it is exactly those pieces of information that every comparison shopper needs to know when deciding who the best online discount brokerage is for their needs.
At Sparx Trading, we understand the needs and frustrations of Canadians who want to know what their options are and who the best online discount brokerage is for them. It is exactly why we put together the most current and comprehensive Canadian discount brokerage comparison available on the internet today. What used to take hours and result in confusion and frustration now takes only a few minutes and results in clear, easy to understand answers. Best of all, it’s free.
We haven’t “ranked” the brokerages based on their products and services, mainly because we feel that there is no “one size fits all” solution. Rather we believe that the best online discount brokerage is “you sized” meaning that your needs as an investor or trader should determine who is the best fit for you. We have, however, included links to other research on Canadian discount brokerages, including J.D. Power’s consumer research and Globe & Mail’s Discount Brokerage Rankings, to give you more perspectives and also save you time from looking them up yourself.
Because we cater to all levels of traders, beginner to advanced, we have put together a series for those who would like some extra help on figuring out how to choose an online discount brokerage. For the more experienced, you can simply access the tables to find out the best options currently available for your needs. To find out about any of the discount brokerages listed in our comparison tables, simply click on the logo and you will be taken to a detailed review of each discount brokerage. We’ve also got a current deals section to showcase promotional offers currently being advertised by discount brokerages.
Lastly, while we strive for accuracy in our reporting, it is possible that information has changed since we’ve updated it without our knowing and it’s also possible that there may be a discrepancy between what we’ve reported and what each discount brokerage is actually offering and charging. Before making your decisions, please consult with the discount brokerages directly to verify any information you are using to make your decision.