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Desjardins Online Brokerages (Disnat) – Review of Pricing
(updated Feb. 6/14)
Desjardins Online Brokerage, also known as Disnat, offers Canadians two choices for their online discount brokerage services, Disnat Direct and Disnat Classic. We made the decision to focus on the Disnat Direct discount brokerage product rather than the Disnat Classic, as Disnat Direct is more geared towards “trading”; in the near future we will include information about the Disnat Classic product line pricing, but for now if you would like more information about Disnat Classic you can visit their website.
For the Canadian online investor, Disnat Direct offers the ability to trade stocks, ETFs, mutual funds and options using cash or margin accounts. Their registered accounts include tax-free savings accounts (TFSAs) and registered retirement savings plans (RRSPs). Registered education savings plans (RESPs) are not offered by Disnat Direct but are offered by Disnat Classic. For registered trading accounts you cannot use margin or short stocks. Options trading in registered accounts is limited to buying and selling options – there is no writing of options allowed. Non-registered trading account types include cash and margin accounts although the cash account is only available through Disnat Classic. Disnat Direct is one of the Canadian online brokerages that require you open a margin trading account if you are not opening a registered account.
The Bottom Line
If you expect to place less than 10 trades per month using Disnat Direct, you can expect to pay at least $19.95 per trade and either $30 or $55 for data fees per month depending on whether or not you want to trade stocks listed on the TSX Venture.
If you are an active trader (more than 10 trades per month) then you have to stay an active trader to retain preferred pricing. This means you are on a bit of a treadmill every month to maintain your preferred pricing. That said, if active trading is something you usually do, the features, pricing and services are definitely worth looking at when considering a between discount brokers.
While we’ve tried to make this information as accurate as possible, make sure to consult with Disnat’s pricing/fee information before making any decisions. A link to their pricing information is below in the useful links section.
Discount Brokerage Pricing Review Table
Disnat Website Links:
Here are some useful links to important information on Disnat’s website.
Discount Broker Customer Survey Ratings by J.D. Power:
Link to 2013 online broker ratings by the Globe and Mail:
More Online Broker Profiles
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