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ONLINE BROKERAGE REVIEW

National Bank Direct Brokerage Review 2021

Updated March 24, 2021

Quick Info

  • Standard Equity Commission
    $6.95
  • Best Commission Price
    $0.95
  • Minimum to Open Account
    Not Required
  • Maintenance/Inactivity Fees
    $100/year
  • Commission-free ETF Trading
    Yes
  • Young Investor Offer
    Yes (Age range: 18-30; or students)

HIGHLIGHTS

In October 2019, National Bank Direct Brokerage (NBDB) made an ambitious move in its pricing structure, unveiling the leading rate (for now) for commissions for equity trades among Canadian bank-owned online brokerages. In addition to the lowest rates, they now have a standard offering of discounted pricing for young investors (aged 18 to 30), which includes 10 free trades per year. Individuals who open or have a National Bank account are also eligible for slightly discounted trading commissions. Finally, National Bank Direct Brokerage offers completely commission-free trading for Canadian and US ETFs, as long as a minimum of 100 units are purchased or sold.

As they are a bank-owned online brokerage, National Bank Direct Brokerage offers the convenience of branch services as well as the ability to manage other National Bank financial products via the standard National Bank online interface. Like their peers, National Bank Direct Brokerage offers online trading in stocks, ETFs, options, mutual funds, and bonds.

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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    CONTACT

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