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ONLINE BROKERAGE REVIEW

Desjardins Online Brokerage Review 2021

Updated September 15, 2021

Quick Info

  • Standard Equity Commission
    $0
  • Best Commission Price
    $0
  • Minimum to Open Account
    $1,000
  • Maintenance/Inactivity Fees
    $30/Quarter
  • Commission-free ETF Trading
    Yes
  • Young Investor Offer
    Yes (Ages: 18-30)

HIGHLIGHTS

As one of Canada’s earliest discount brokerages, Desjardins Online Brokerage (also known as Disnat) is a subsidiary of the Desjardins Group. Although they may be better known to investors in Quebec and Ontario, Desjardins Online Brokerage has been active in Western Canada in the past several years under the Disnat banner. In terms of direct brokerage services, Disnat offers two service choices for clients: Disnat Classic or Disnat Direct.

The primary difference between the two services is the activity level of the client. Disnat Classic is geared toward less-active investors, whereas Disnat Direct is structured around active investors and traders. As a result, the types of platforms, pricing, and tools offered for each service are understandably different.

Brokerage Breakdown

ACCOUNT TYPES OFFERED

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    Registered Accounts

    Non-Registered Accounts

ACCOUNT FEES & REQUIREMENTS

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    Registered Accounts

    Non-Registered Accounts

TRADING COMMISSIONS & FEES

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ONLINE BROKERAGE RANKINGS

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  • Sorry, no data is available.

CONTACT

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Investor Feedback

Blondie (hee/haw)
Yurmajesty0303
9/13/2021
@BoomerandEcho @TD_DirectInvest @rcarrick Desjardins Online Brokerage has matched
HotYoungBlonde403
Questrade
5/22/2021
to help you out, here is a list of every single Order-Execution-Only platform in Canada: 1. CIBC Investor's Edge 2. BMO InvestorLine 3. National Bank Direct Investing 4. TD Direct Investing 5. Scotia iTrade 6. RBC Direct Investing 7. Canaccord Direct 8. Wealthsimple Trade 9. Qtrade Investor 10. Questrade 11. Disnat 12. Interactive Brokers 13. Virtual Brokers 14. HSBC Direct Investing 15. Desjardins Online Brokerage 16. Laurentian Bank Discount Brokerage
morenewsat11
CanadianInvestor
5/11/2021
No link to survey yet, rankings below. < Surviscor said investors should be aware that a trading fee of zero may not tell the whole story. “Simply put, there is no free lunch in life and if there is no commission cost, then there are fees being made somewhere else,” it said in a release.   < <Brokerages offering no-fee trading to some of their clients are likely making up for it with higher foreign exchange rates, delayed market data or by sending trades to order-flow providers that may not provide the best execution price, it said. As an example of the importance of real-time market data, it cited this spring’s frenzy in trading of GameStop Corp. shares, saying a 15-minute delay in the share price displayed to an investor “could have meant hundreds of dollars in price changes” and easily cost an investor many times more than a typical trading fee * National Bank Discount Brokerage: 92 per cent * Wealthsimple Trade: 85 per cent * Desjardins Online Brokerage: 82 per cent * HSBC InvestDirect: 76 per cent * CIBC Investor’s Edge: 75 per cent * Qtrade Direct Investing: 60 per cent * RBC Direct Investing: 53 per cent * Scotia iTrade: 53 per cent * Laurentian Bank Discount Brokerage: 53 per cent * TD Direct Investing: 53 per cent * BMO InvestorLine: 52 per cent * Virtual Brokers: 50 per cent * Questrade: 45 per cent * Canaccord Genuity Direct: 42 per cent * Interactive Brokers: 25 per cent
jsboutin
PersonalFinanceCanada
4/24/2021
It got a bit worse with Desjardins (online brokerage). I do understand though-there was a boom in online investing and they were having issues properly staffing their call center.
dontronmoney
interactivebrokers
2/14/2021
Yes there is: Trade zero if you are anywhere in Canada except Ontario...they do not accept Ontario residents. Tradezero is amazing...no pdt rule at all for margin accounts, check out the website to see for yourself Venom trading (need 5k minimum to open account) this is the subsidiary of cobra trading well known to day traders but minimum for cobra is 30k I believe so venom is catered to smaller accounts. Disnat - Desjardins online brokerage (very cheap commissions if you actively trade) i think $0.75 per trade, please check website
Speuce
CanadianInvestor
7/5/2020
Man, That's frustrating. Thanks anyways. There goes the CIBC idea. Do you know anything about desjardins online brokerage? $1.25/contract (min $8.75)