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ONLINE BROKERAGE REVIEW

TD Direct Investing Review 2022

Updated December 14, 2021

Quick Info

  • Standard Equity Commission
    $9.99
  • Best Commission Price
    $7
  • Minimum to Open Account
    Not Required
  • Maintenance/Inactivity Fees
    $25/Quarter
  • Commission-free ETF Trading
    No
  • Young Investor Offer
    No

HIGHLIGHTS

3.5/5 (4)

TD Direct Investing (formerly known as TD Waterhouse Discount Brokerage) is one of Canada’s largest discount brokerages. As a bank-owned online brokerage, it is able to offer clients the ability to manage multiple accounts (including personal banking) and products via the TD online platform. What makes TD Direct Investing stand out relative to most of their bank-owned peers are the amount of education they provide and their diverse set of trading platforms. Specifically, TD Direct Investing offers web-based and desktop platforms for active traders as well as longer-term investors, with the more recent addition of a mobile trading app.

TD Direct Investing Full Review

What Account Types does TD Direct Investing offer?

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    Registered Accounts

    Non-Registered Accounts

Account Fees & Requirements for TD Direct Investing

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    Registered Accounts

    Non-Registered Accounts

Trading Commissions & Fees provided by TD Direct Investing

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TD Direct Investing Rankings & Reviews for 2022

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  • Sorry, no data is available.

How can I contact TD Direct Investing customer support?

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What do people think of TD Direct Investing?

AtotheAlex
Superstonk
8/15/2022
Called TD Direct Investing to DRS 2xx shares in my cash account. After the rep had confirmed all my details she just gave me a heads up that because there were so many DRS requests for this stock that the estimated time to complete the process was going to be 25-30 business days. I think last year when I did my first 50 presplit it was 14-21 days
XxSpruce_MoosexX
PersonalFinanceCanada
8/14/2022
Can you transfer between tfsa accounts or does it count as withdrawal? Ie I switched my funds from TD direct investing to TD easy trade
kwinter431
GMECanada
8/14/2022
td direct investing is way diff than td ameritrade in the states... get your shares in a major bank and keep them there
hodkan
CanadianInvestor
8/13/2022
Unless things have changed, TD Direct Investing and National Bank Discount Brokerage are the only two brokerages that offer RDSP accounts. So if you are looking to directly invest in ETFs or stocks these may be your only options. The other banks will allow you of use mutual funds.
jeremyc711
amcstock
8/12/2022
Can confirm they will. Here's the response I got when I emailed them: Thank you for writing to TD Direct Investing General Inquiry. We're glad we could help. And yes, you can buy/sell Preferred Shares in the same way you do with regular common stock. Due to online privacy and security concerns, account related inquiries and requests are handled by our phone representatives. Please call if you require further assistance. TD Direct Investing Main Line: 1-800-465-5463 or 416-982-7686. Press 2, 1. M-F: 7:00am-8:00pm EST Calling through the TD app (please log in first) or Voice Print (our voice recognition system) will help us with authentication. TD Financial Planning or TD Wealth Private Wealth Management accounts: please contact your Planner or Advisor directly. If you don't have their contact info or require more help, please call: 1-844-788-0322 Thank you for contacting TD Direct Investing. Best regards, Jonathon | Investment Representative | TD Direct Investing