Canadian Online Discount Brokerage Pricing Review & Comparison – Conclusion

Table of Contents:

  1. Introduction
  2. Overview of Common Account Types & CIPF Membership
  3. Commission Fees and Funding Requirements
  4. Overview of Registered Accounts – Fees and Funding Requirements
  5. Overview of Mobile Trading Enabled Sites
  6. Overview of Options Commission Pricing
  7. Conclusion

Last Updated: January 2019

Conclusion

Deciding between online discount brokerages is a difficult task if you are not sure of what you want or need going in.  The good news is that there are accounts to suit all types of traders/investors from very passive investors to ultra-high frequency traders.  While there is more that goes into deciding which discount brokerage to go with than commissions and fees (such as Platforms & Trade Execution, Account Management & Customer Service and Research Tools & Education) simplifying the costs of opening and using a brokerage account is the most important step to understand. This discount brokerage pricing review comparison will help you do that.

For passive investors or and/or those without large amounts to invest, the pricing structure for commissions and account fees is definitely very different than for those who are very active traders or who have more than $50 000 in investment assets.

Convenience also plays a large role for most people, with many individuals preferring to have a “one stop shop” for all their financial needs.  While that is certainly a valid option, if one is very active in the market they can certainly save a substantial amount of money by looking for the best price for their trading needs.

To learn more about how to choose an online discount broker you can click here.  There are also some additional resources that may be of help: The first is an explanation of the JD Power Investor Satisfaction rankings and the second is an explanation of how the Globe and Mail discount broker rankings  work.

To learn about pricing at a specific online discount brokerage, you can click on their name below and see our detailed pricing review.

 

Questrade
Interactive Brokers
TD Direct Investing
RBC Direct Investing
Scotia iTrade
Desjardins Online Brokerage Disnat
OptionsXpress
Virtual Brokers
Qtrade
BMO InvestorLine
CIBC Investors Edge
HSBC InvestDirect
Jitney Trade
National Bank Direct Brokerage
 

One comment

  1. I really liked your summary comparison of the main discount brokerage firms in Canada. However, what I was hoping to find was a comparison of how well the companies do in terms of providing account information, especially how my investments have been doing over the past year, 2 years, 5 years, etc. and since inception. It would be great to see this one section added to your website. Thanks!

    ….Lea

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