Discover the power of smart investing with Canada's top online brokers, where your portfolio grows through strategic trading while maintaining low fees and comprehensive tools, giving you the confidence and flexibility to build long-term wealth and achieve your financial independence.
Published Aug 19, 2026 2:15 PM
With investing, where you place your trades matters almost as much as what you buy. The wrong online brokerage can eat away at your returns through hidden fees while you fight with inefficient trading platforms and limited account options. The right platform though? That can save you money on costs, streamline your experience, and allow you to access the tools you need to grow your portfolio with confidence.
With so many platforms promising low fees, “easy” trading, or advanced tools, figuring out which one suits your needs can get overwhelming. And fast. Whether you're a beginner looking to buy your first ETF or a seasoned investor wanting to optimize your trading costs, this guide is for you.
With dozens of online brokerages available to investors, narrowing down your choices starts with identifying what matters most to you. No one broker is ideal for everyone. Some boast they are the lowest fee Canadian brokers, but skimp on research tools. Others cater to active traders with sophisticated charting needs. But those same brokerages can be inconvenient for beginners who simply want a user-friendly interface.
Before you can choose the best online brokers for you, be sure to consider a few important factors.
In addition to your trading habits, examine each brokerage, looking at the following.
Fees can take small bites from your initial returns but have a massive effect on your growth over time. Evaluate each brokerage’s costs, including:
Ideally, you want to choose an online broker that offers an intuitive and reliable interface, combined with the features you need. Look for:
Some platforms are best for DIY investors who want a straightforward experience. Others cater to hands-on investors who prefer customizable dashboards and technical analysis. Ask yourself:
If you are just starting on your investment journey, then a user-friendly interface is key. More experienced traders might prefer advanced charting options over a simple platform.
Even experienced investors run into questions. Look for brokers that offer:
Investors who want to build their knowledge over time will benefit from brokers that offer more than just order execution.
Some brokers offer cash bonuses, free trades, or referral incentives when you open or fund an account. While it shouldn’t be your main reason for choosing a platform, a well-timed promotion can provide a nice bonus. Watch for deals like “commission-free trading for 6 months” or “get up to $2,500 in transfer fee rebates.”
Tip: Always check the fine print on promotions, including deposit deadlines or trade requirements.
Below, we've ranked Canadian brokers based on the following criteria:
These scores are based on the comprehensive breakdowns of each broker profile and publicly available data.
Ranking | Broker | Costs & Fees (30%) | Products & Accounts (20%) | Platform & Tools (20%) | Customer Service (15%) | Reputation & Security (15%) | Total Score out of 100 |
|---|---|---|---|---|---|---|---|
1 (Best) | 27 / 30 | 18 / 20 | 17 / 20 | 11 / 15 | 15 / 15 | 88 / 100 | |
2 | 27 / 30 | 17 / 20 | 16 / 20 | 13 / 15 | 13 / 15 | 86 / 100 | |
3 | 26 / 30 | 15 / 20 | 18 / 20 | 9 / 15 | 13 / 15 | 81 / 100 | |
4 | 25 / 30 | 17 / 20 | 13 / 20 | 11 / 15 | 14 / 15 | 80 / 100 | |
5 | 21 / 30 | 16 / 20 | 19 / 20 | 10 / 15 | 14 / 15 | 80 / 100 | |
6 | 17 / 30 | 18 / 20 | 16 / 20 | 11 / 15 | 15 / 15 | 77 / 100 | |
7 | 18 / 30 | 18 / 20 | 14 / 20 | 10 / 15 | 15 / 15 | 75 / 100 | |
8 | 16 / 30 | 18 / 20 | 15 / 20 | 10 / 15 | 15 / 15 | 74 / 100 | |
9 | Webull Canada | 17 / 30 | 12 / 20 | 17 / 20 | 10 / 15 | 13 / 15 | 69 / 100 |
10 | 16 / 30 | 10 / 20 | 11 / 20 | 11 / 15 | 15 / 15 | 63 / 100 |
Account types and fees by online broker:
Broker | Account Types | USD Accounts | Commission Fees (Stocks & ETFs) | Options Trading Fees | Foreign Exchange Fees |
|---|---|---|---|---|---|
Questrade | RRSP, TFSA, FHSA, RESP, LIRA, non-registered, margin, corporate, and trust accounts | Yes | $0 | $0 + 99 cents per contract | 1.5% markup (USD/CAD) |
Interactive Brokers | TFSA, RRSP, FHSA, personal, corporate, joint, trust accounts | Yes | CAD$0.01 per share with a minimum of CAD $1.00, US offers $0.008 per share with a minimum of USD $0.80 Over 90 commission-free ETFs | CAD $1.00 to CAD $1.25/ Canada option contract, USD $0.15 to USD $0.65/ US option contract | Starting at 0.20 basis points (minimum USD $2 per order) |
Qtrade Direct Investing | TFSA, RRSP, LIRA, FHSA, RESP, cash, margin, corporate, trust | Yes | $0 | $0 + $0.75/contract | Undisclosed |
TD Direct Investing | RRSP, TFSA, RESP, FHSA, LIRA, RDSP, margin, cash. The platform also offers corporate and trust accounts. | Yes | $9.99 flat fee per trade on one full share ($7 for Active Trader plan). $1.99 on trades of less than one full share | $9.99 + $1.25 per contract ($7 + $1.25 for Active Trader plan) | Undisclosed |
Scotia iTRADE | RRSP, TFSA, RESP, FHSA, LIRA, margin, cash, corporate. The platform even has trust accounts. | Yes | $9.99/trade ($4.99 if over 150 trades per quarter), + $65 per telephone assisted trade Specific ETFs available with no commission | $9.99 + $1.25/contract ($4.99 + $1.25/contract if over 150 trades per quarter), + $65 per telephone assisted trade | Undisclosed |
CIBC Investor's Edge | TFSA, RRSP, RESP, FHSA, RRIF, LIRA, LRSP, LIF, non-registered cash and margin accounts, corporate, partnership, and trust accounts. | Yes | $6.95 per trade for stocks/ETFs and $4.95 per trade for those who make over 150 trades per quarter | $6.95 + $1.25 per contract ($4.95 + $1.25 per contract for those who make over 150 trades per quarter) | Spread ranging from 1.6% (less than $25,000) to 0.2% (over $1,000,000) |
Webull Canada | TFSA, RRSP, non-registered investment, margin | Yes | $2.99/trade | $0.99/contract | 1.5% markup |
TD Easy Trade | TFSA, RRSP, FHSA, non-registered cash | Yes | 50 commission-free stock trades each year, then $9.99 per trade on one full share or more (1.99 per partial trade) Unlimited commission-free TD ETFs | N/A (options not supported on the platform) | Undisclosed |
Moomoo | TFSA, RRSP, Margin, Cash, Spousal RRSP | Yes | Starting at CA$1.49 per trade, US stocks begin at US$1.99 per order | $0.65 per contract ($1 minimum) | 0% (USD/CAD) (a small spread in the live rate may apply) |
Wealthsimple | RRSP, Spousal RRSP, TFSA, RESP, FHSA, LIRA, non-registered, margin, corporate | Yes | $0 | $0 | 1.5% for $10,000 and under, ranging to 0% for $100,000 and over (USD/CAD) |
Platform, tools, and best fit:
Broker | Platform Strength | Mobile App Rating (Weighted average app store rating) | Best For | User Reviews Highlight |
|---|---|---|---|---|
Questrade | Advanced tools, detailed charts | 4.7 | DIY traders, advanced & active investors | Low fees; slow support at times |
Interactive Brokers | Professional-grade tools | 4.5 | Advanced & FX-heavy investors | Low FX fees; steep learning curve |
Qtrade | Reliable, research-rich | 4.1 | Overall value, research-intensive and long-term investors | User-friendly platform, basic mobile app |
TD Direct Investing | Bank integration | 4.8 | TD clients | Trusted brand; high fees |
Scotia iTRADE | Research tools, Scotia integration | 4.0 | Scotia clients | Banking integration; higher fees |
CIBC Investor's Edge | Low trading commissions for a big bank broker, tons of account types | 3.8 | CIBC clients | Good tools; dated UX |
Webull Canada | Data-driven features | 4.5 | Research-driven traders & mobile charting | Strong research center; limited investment choices |
TD Easy Trade | Simplified interface | 4.0 | Beginners (CAD) | Simple; fewer features |
Moomoo | Impressive up-and-comer with competitive trading fees, advanced tools, and a user-friendly mobile-first design | 4.5 | Active traders, US stock traders, tech-savvy investors | Intuitive interface, strong tools, some issues with customer service |
Wealthsimple | Easy-to-use | 4.5 | Beginners (CAD) & mobile-app investors | Intuitive app; lacks advanced tools |
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Questrade
4.8/5
$0
welcome bonus based on
$10,000 funding*
$50 bonus when you fund any account with $250+ OR $10,000 managed free for 1 year with QWP account ($250 min).
Trading Fees
Stocks
$0
ETFs
$0
Options
$0 + 99¢ /contract
Broker Information
🔹 Self-Directed Investing
Questrade is one of Canada's top online brokerages. As of 2025, it offers $0 commissions for all Canadian and U.S. stock and ETF trades. It also introduced real-time fractional share trading, making it more accessible to investors with smaller portfolios.
Key Features:
Pros:
Cons:
🔹 Questwealth Portfolios (Robo-Advisor)
Questrade’s managed investing arm offers low-fee ETF portfolios with active management.
Why it’s great: Lowest robo-advisor fees in Canada, strong performance, human advisor support available.
How Questrade Compares
Feature | Questrade | Wealthsimple | TD Direct Investing | Qtrade Direct Investing |
|---|---|---|---|---|
Stock/ETF Fees | $0 | $0 | $9.99 | $8.75 (free ETFs list) |
Options Fees | $0.99/contract | $2 USD/contract | $9.99 + $1.25/contract | $8.75 + $1.25/contract |
Account Types | Very broad | Limited (expanding) | Comprehensive | Comprehensive |
USD in Accounts | Yes | Premium only | Yes | Yes |
Fractional Shares | Yes (real-time) | Yes (limited) | No | No |
Platforms | Advanced web & desktop | Simple app | WebBroker & Advanced Dash | Web + mobile |
Managed Portfolios | Yes (Questwealth) | Yes (Wealthsimple Invest) | Yes (through TD Easy Trade) | Yes (Guided Portfolios) |
Service Quality | Strong | Good | Full-service (slower) | Excellent |
Final Verdict
Questrade is now one of Canada’s top all-around brokerages, combining advanced tools, zero commissions, and a wide selection of account types. It suits:
While Wealthsimple is great for absolute beginners, and TD/Qtrade serve niche needs (e.g., deep research or in-branch service), Questrade is now the most well-rounded choice for most Canadian investors.
Fees & Trading Rates
Description | Fees | |
|---|---|---|
Self-directed Investing | Take matters into your own hands. Build your own investment portfolio with a self-directed account and save on fees. Make your money work harder. | $0 |
Questwealth Portfolios | The easy way to invest. Intelligent, lower fee portfolios designed by experts to help you achieve your financial | 0.25% (0.20% after $100,000) |
Welcome Bonus Details
Eligibility Requirements
Questrade is a long-standing favourite, packed with advanced tools tailored to both ambitious first-timers and active traders. Established in 1999, it’s one of the most reputable independent brokerages in Canada.
Quick Facts:
Questrade Pros
Questrade Cons
Best For
Questrade is built for well-balanced investors who want more from their portfolio, with advanced trading tools and research capabilities to match. It's especially valuable for active traders looking to improve their performance, and for those who want USD sub-accounts to help minimize the 1.5% FX conversion fee.
Questrade user reviews and reputation
Questrade (generally) has positive reviews from casual investors and more advanced traders. On Trustpilot, users highlight the benefit of low fees, though they complain about slow fund transfer times and unresponsive customer support. Some negative reviews also suggest the trading interface has a learning curve.
Interactive Brokers
4.9/5
$0
welcome bonus based on
$10,000 funding*
N/A
Trading Fees
Stocks
$0.0005 - $0.0035 per share variable (min $1.00, max 0.5% of trade value)
ETFs
$0.0005 - $0.0035 per share variable (min $1.00, max 0.5% of trade value)
Options
$0.15 - $1.50 per contract variable (depends on price and monthly volume)
Broker Information
Fees & Trading Rates
Welcome Bonus Details
N/A
Eligibility Requirements
Interactive Brokers is a global platform and its Canadian arm offers a professional-grade experience. While it may feel overwhelming for beginners, it’s hard to beat for active traders, investors managing large portfolios, or those who want access to advanced tools.
Quick Facts:
Interactive Brokers Canada Pros
Interactive Brokers Canada Cons
Best For
Interactive Brokers is ideal for professional investors, day traders, and anyone who needs access to international markets, margin trading, or sophisticated trading tools. It’s also one of the few Canadian platforms that supports advanced order types and real-time market data across multiple exchanges. It also offers ultra-low FX fees and an extensive selection of worldwide investments, providing customers with exposure to European and Asian markets.
Interactive Brokers Canada User Reviews and Reputation
Interactive Brokers is known for its low costs and powerful features. Users tend to praise its currency conversion rates and market access. However, many acknowledge that the interface is not beginner-friendly, and there are complaints about customer service.
Qtrade Direct Investing
4.7/5
$500
welcome bonus based on
$10,000 funding*
New clients only: Earn up to $5,000 in cashback (+$100 quick-pay bonus)
Trading Fees
Stocks
$0
ETFs
$0
Options
$0 + $0.75/contract
Broker Information
🏛️ Company Snapshot
🌐 Regulation & Security
🧩 Account & Asset Types
Supported Accounts
Tradable Assets
❌ Not supported: Cryptocurrency, Forex (FX), Contracts for Difference (CFDs), international stocks outside Canada/U.S., or Futures contracts
💻 Platform & Tools
User Experience
Research & Planning Tools
Fees & Trading Rates
1. Trading Commissions
Equities & ETFs
Instrument | Fee |
|---|---|
Equities (Stocks) | $0 |
Commission-Free ETFs | $0 to buy & sell from a list of 100+ ETFs |
No minimum holding period; trade anytime with no fee |
Options
Transaction | Fee |
|---|---|
Options Trading | $0 base commission + $0.75 per contract |
Mutual Funds
Instrument | Fee |
|---|---|
Mutual Funds | $0 |
Fixed Income
Instrument | Fee |
|---|---|
Bonds, T-Bills, Debentures | $1 per $1,000 face value |
Minimum Fee | $24.99 |
Maximum Fee | $250 |
Special Trade Types
Trade Type | Fee |
|---|---|
Telephone (Broker-Assisted) Trades | Minimum $45 per trade |
DAP (Delivery Against Payment) Trades | Additional $10 surcharge per trade |
2. Account Fees
Account Type | Fee |
|---|---|
USD-Registered Account Maintenance | $15 per quarter |
Waived if you qualify for Investor Plus | |
Formal Trust Accounts | Annual administration fee |
See Qtrade fee schedule for details |
3. Account Closure & Transfer Fees
Service | Fee |
|---|---|
Early Account Closure | $100 (if closed within first 12 months) |
Transfer-Out (Full or Partial) | $150 per transfer request |
Transfer-In Rebate | Up to $150 may be rebated when transferring assets into Qtrade |
4. Deposit & Withdrawal Fees
Deposits
Method | Fee |
|---|---|
EFT, Bill Payment, Transfers | Free |
Note | Third-party or currency conversion fees may apply |
Withdrawals
Method | Fee |
|---|---|
EFT Withdrawals | Free |
Other Methods | May incur third-party or FX fees |
5. Other Administrative Fees
Service | Fee |
|---|---|
Paper Trade Confirmations / Statements | Fee applies unless enrolled in e-delivery |
Rush / DRS Certificate Processing | $150 + tax |
Options Exercise or Assignment | Subject to standard commission schedule |
Tax Reporting / CRA Reprint Requests | Nominal fees may apply |
Welcome Bonus Details
New clients only: Earn up to $5,000 in cashback (+$100 quick-pay bonus) when you open and fund a new Qtrade account:
Offer Tier | Cash Back |
|---|---|
$1,000 to $10,000 | 5% |
$10,000 to $25,000 | $550 |
$25,000 to $50,000 | $600 |
$50,000 to $100,000 | $700 |
$100,000 to $250,000 | $1,000 |
$250,000 to $500,000 | $2,500 |
$500,000+ | $5,000 |
Campaign Period: September 1, 2026 - January 5,2027
Promo code: OFFER2026
Eligibility Requirements
Qtrade Direct Investing consistently ranks among the top online brokerages in Canada. It blends low, or no fees with strong research tools and a user-friendly platform. Qtrade earns high marks from both beginners and seasoned investors looking for value and dependability. While it does have some fees for options and fixed income, it offers $0 fees on equities, ETFs and mutual funds.
Quick Facts:
Qtrade Pros
Qtrade Cons
Best For
Qtrade is for investors who require more advanced research or trading tools yet still want competitive pricing. It's especially attractive to long-term investors. Also, anyone looking for a reliable platform without the higher, bank-level fees. In late 2025, Qtrade updated its fee structure with $0 commission trading on stocks, ETFs and mutual funds.
Qtrade user reviews and reputation
Qtrade gets praise on forums like Reddit and Trustpilot which highlight its user-friendly interface. They also value its educational tools. Some users suggest the app feels basic compared to more advanced competitors though.
TD Direct Investing
4.5/5
$0
welcome bonus based on
$10,000 funding*
Get reimbursement of account transfer fees of up to $150 when $25,000 or more in assets are transferred
Trading Fees
Stocks
$9.99 ($7.00 for 150+ trades/quarter)
ETFs
$9.99 ($7.00 for 150+ trades/quarter)
Options
$9.99 + $1.25/contract
Broker Information
Account Types
What you get with your account
Conditions apply. Please visit TD Direct Investing for complete information
Fees & Trading Rates
Standard Trading | |
|---|---|
Stocks | $9.99 per trade $1.99 per partial trade |
Options | $9.99 + $1.25 per contract |
Maintenance Fees | $25 per quarter if total balance in your TD Direct Investing account is less than $15,000. However, there are a number of ways to have your maintenance fee waived through our Household Program. |
Transfer Fees | $150 |
Mutual Funds | No commissions apply to buy, sell or switch. Short term redemption fee may apply. |
Fixed Income | Commissions for Bonds, Strip Coupons, GICs, T-Bills and other fixed income and money market products are included in the quoted price. |
IPOs & New Issues | No commissions apply to New Issue expressions of interest |
Active Trading (150+ Trades/Quarter) | |
|---|---|
Stocks | $7.00 per trade $1.99 per partial trade |
Options | $7.00 + $1.25 per contract |
Maintenance Fees | $25 per quarter if total balance in your TD Direct Investing account is less than $15,000. However, there are a number of ways to have your maintenance fee waived through our Household Program. |
Transfer Fees | $150 |
Mutual Funds | No commissions apply to buy, sell or switch. Short term redemption fee may apply. |
Fixed Income | Commissions for Bonds, Strip Coupons, GICs, T-Bills and other fixed income and money market products are included in the quoted price. |
IPOs & New Issues | No commissions apply to New Issue expressions of interest |
Welcome Bonus Details
Transfer Fees:
Conditions apply. Please visit TD Direct Investing for complete information.
Eligibility Requirements
You are a Canadian resident and are of the age of majority in your province/territory of residence.
Conditions apply. Please visit TD Direct Investing for complete information.
TD Direct Investing is one of the largest online Canadian brokerages. Backed by TD, it offers a seamless connection between your trading accounts and everyday banking. With access to a wide range of investments and research tools, it appeals to investors who value convenience. The bonus? In-person branch support.
Quick Facts:
TD Direct Investing Pros
TD Direct Investing Cons
Best For
Are you already a TD customer? TD Direct Investing might be the right choice for you. Not only does it provide a seamless integration with the banking platform, but it’s also a solid choice for those who prefer personalized support, access to proprietary research, and a wide range of asset types. If you’re willing to pay more for convenience, TD delivers.
TD Direct Investing user reviews and reputation
Feedback is generally positive, especially from those who value bank integration and trust TD’s brand. Reviews on Trustpilot mention that while fees are higher, the convenience and access to trading tools offset the cost. Some users express frustration with slower customer service. Overall, TD Direct Investing has a sound reputation. The Globe and Mail even rated the platform “Canada’s best broker overall” in 2025.
Scotia iTRADE®
4/5
$0
welcome bonus based on
$10,000 funding*
Trading Fees
Stocks
$9.99 ($4.99 for 150+ trades/quarter*)
ETFs
$9.99 ($4.99 for 150+ trades/quarter*)
Options
$9.99 ($4.99 for 150+ trades/quarter*) + $1.25/contract
Broker Information
Scotia iTRADE is a self-directed online brokerage platform offered by Scotiabank. It provides Canadian investors with access to a wide range of investment products, robust research tools, and full account integration with other Scotiabank services. It’s well-suited for both beginner and experienced investors looking for a secure, bank-backed trading platform.
Fees & Trading Rates
Welcome Bonus Details
Eligibility Requirements
Backed by Scotiabank, iTRADE offers reliable service and access to comprehensive third-party research. The platform provides a wide range of investment options and account types.
Quick Facts:
Scotia iTRADE Pros
Scotia iTRADE Cons
Best For
iTRADE is a good fit for existing Scotiabank clients. Those who prioritize research tools and prefer a traditional brokerage over app-based trading may also benefit.
Scotia iTRADE user reviews and reputation
Customers appreciate the integration with Scotiabank and the investment research tools that iTRADE provides. On the downside, Trustpilot reviewers mention slow customer service and intermittent platform malfunctions. Fee-conscious investors may find better value elsewhere. But for existing Scotiabank clients, the convenience can outweigh the cost.
CIBC Investor's Edge
2/5
$0
welcome bonus based on
$10,000 funding*
N/A
Trading Fees
Stocks
$6.95 ($4.95 for 150+ trades/quarter, $5.95 for 25+ Students, $0 for <25 Young Investors)
ETFs
$6.95 ($4.95 for 150+ trades/quarter, $5.95 for 25+ Students, $0 for <25 Young Investors)
Options
$6.95/trade + $1.25 per contract ($4.95/trade + $1.25 per contract for 150+ trades/quarter)
Broker Information
Fees & Trading Rates
Welcome Bonus Details
N/A
Eligibility Requirements
CIBC Investor's Edge provides self-directed investing through one of Canada's Big Five banks: CIBC. This platform provides low-fee trading, plenty of securities, multiple account types, comprehensive digital tools, and banking integration.
Quick facts:
CIBC Investor's Edge Pros
CIBC Investor's Edge Cons
Best For
CIBC Investor's Edge is most convenient for existing CIBC customers who are active traders and use a wide variety of account types. Transparent FX fees are beneficial for those who frequently trade in USD.
CIBC Investor's Edge user reviews and reputation
Overall, CIBC Investor's Edge is appealing to young and active investors. While some concerns have been raised post-COVID about customer service and dated UX, reviewers tend to appreciate the platform's technical analysis tools, watchlists, and research tools.
The platform operates under CIRO and CIPF, ensuring legitimacy and security.
Webull Canada
1.5/5
$0
welcome bonus based on
$10,000 funding*
Trading Fees
Stocks
$0
ETFs
$0
Options
$0.99 USD/contract
Broker Information
1. Free In-Depth & Real time Market Data – 04/13/2026 through 6/30/2026
Webull Canada provides advanced market data that many platforms charge for.
Free Nasdaq Level 2 Quotes
Free Real-Time OPRA Data
2. Professional Trading Experience for Every Trading Style
Whether on App or Desktop, Webull delivers comprehensive tools in a modern, intuitive interface - with no additional platform fees.
3. Paper Trading
Test your strategies in a realistic, risk-free environment - on both App and Desktop.
Indicator Studies: Over 50 technical indicators and 12 charting tools allow you to apply indicator studies to your charts
Fees & Trading Rates
Welcome Bonus Details
No offers available
Eligibility Requirements
Launched in 2024, Webull is best known for its technical analysis tools. It is also competitive in terms of trading commissions and has gained traction among investors who value research capabilities and mobile features.
Quick Facts:
Webull Canada Pros
Webull Canada Cons
Best For
Webull Canada is a great choice for investors who prioritize analytics and data-driven trading. Also, for traders who value customizable charts and real-time data while still seeking a low-cost option. But be sure to factor in FX costs or open a USD account to avoid the 1.5% FX markup.
Webull user reviews and reputation
Since its Canadian debut, Webull has received positive feedback for its research functionality. Some investors note there is limited availability of financial products but they still appreciate the app’s streamlined experience.
TD Easy Trade™
3.8/5
$0
welcome bonus based on
$10,000 funding*
Get 50 commission-free stock trades
Trading Fees
Stocks
$0 on the first 50 trades, then $9.99
ETFs
$0 on the first 50 trades, then $9.99
Options
N/A
Broker Information
Details:
Account Types:
Additional Information:
Fees & Trading Rates
Fees | |
|---|---|
Stock Trades | $0 commission on the first 50 stock trades |
Stock Trades (after 50 trades per year) | $9.99 per trade on one full share or more $1.99 per trade for partial shares |
TD ETFs | $0 commission on all TD ETFs |
Maintenance Fees | $0 account maintenance fees |
Transfer Fees | $150 |
Welcome Bonus Details
Transfer Fees:
Eligibility Requirements
You are a Canadian resident and are of the age of majority in your province/territory of residence
Conditions apply. Please visit TD Easy Trade for complete information.
TD Easy Trade simplifies investing with commission-free trades on TD ETFs and an intuitive mobile interface. It doesn’t offer the advanced tools of TD Direct Investing but is a solid entry point for those just starting their investing journey.
Quick Facts:
TD Easy Trade Pros
TD Easy Trade Cons
Best For
TD Easy Trade is for beginners. It’s especially beneficial for those interested in TD ETFs who are already TD customers. The platform is best suited for long-term investors seeking to avoid high fees. However, if you’re looking for advanced trading tools or access to US markets without conversion fees, this platform is limited.
TD Easy Trade user reviews and reputation
Investors appreciate the app’s simplicity and zero-commission trading. On Reddit and app store reviews, users often mention a beginner-friendly interface. However, more experienced traders note that the platform lacks essential tools and investment choices.
moomoo
4.5/5
$0
welcome bonus based on
$10,000 funding*
Up to 30 free stock draws + 30-day 6% APY Cash Sweep
Trading Fees
Stocks
US (US$0.0099/share, min. US$1.99/trade), Canada (C$0.0149/share, min. C$1.49/order)
ETFs
US (US$0.0099/share, min. US$1.99/trade), Canada (C$0.0149/share, min. C$1.49/order)
Options
0.65 USD per contract, min. 1 USD per order - lowest in Canada
Broker Information
Founded in Silicon Valley in 2018, moomoo has grown into one of the world’s top investing platforms, serving over 28 million users worldwide across markets like the US, Singapore, Australia, Japan, Malaysia, and now Canada.
In Canada, moomoo is offered by Moomoo Financial Canada Inc., a regulated broker-dealer under CIRO and a member of the Canadian Investor Protection Fund (CIPF), which insures eligible client accounts up to $1 million.
moomoo’s mission is to make professional-grade trading tools accessible to every investor. With the platform, you’ll get:
Whether you’re a beginner or an experienced trader, moomoo combines low fees, rich data, and advanced technology in one sleek platform — making it a strong choice for Canadian investors.
Fees & Trading Rates
moomoo keeps trading simple and cost-effective, offering some of the lowest fees in Canada:
Welcome Bonus Details
Campaign period: June 1, 2026 – August 31, 2026
Details:
Free stocks are provided based on user’s lucky draw of a list of companies provided; users are able to randomly draw full shares from the stock draw campaign page.
Full campaign T&Cs: https://www.moomoo.com/ca/support/topic10_93
Eligibility Requirements
To open an account with Moomoo Financial Canada Inc., you must:
Moomoo is a relatively new online brokerage. Since its Canadian debut in 2023, the broker has become known for its intuitive mobile platform and comprehensive research tools. Moomoo stands out with low commission trading, advanced charting capabilities, and an attractive mobile interface. The platform is an appealing option for tech-savvy investors looking for low-cost trading. Those seeking integration with Canadian banking tools may find the platform limiting though.
Quick facts:
Moomoo Pros
Moomoo Cons
Best For
The following user profiles would be complemented by Moomoo:
Moomoo user reviews and reputation
Ratings from popular platforms:
Overall, users praise Moomoo for its intuitive interface and impressive charting tools; however, some report issues with customer service.
Wealthsimple
4.8/5
$0
welcome bonus based on
$10,000 funding*
$25 bonus when you sign up and fund at least $1*
Trading Fees
Stocks
$0
ETFs
$0
Options
$0.75-2 USD/contract
Broker Information
For everyday spending and saving
Some accounts are good for parking and growing your money, while others are good for avoiding fees and restrictions. Wealthsimple chequing accounts are great for all of those things.
Zero-commission stock and ETF trading
Their self-directed investing platform lets you buy and sell your favourite assets, 100 % commission-free, with ultra-low conversion fees for U.S.-listed securities.
Expert-built, tailored investing
Their managed portfolios are designed by experts and personalized to your risk tolerance and goals. Or choose a customized portfolio that lets you invest exactly the way you want.
Fees & Trading Rates
Fees | |
|---|---|
Chequing & Savings | $0 |
Stock & ETF trading | $08 |
USD FX Conversions | 1.5% or less9 |
Managed Portfolios | 0.5% or lower14 |
Plus, when you move at least $25,000 in investments in a single transfer to Wealthsimple, they will reimburse the transfer fees from your bank15.
Welcome Bonus Details
New to Wealthsimple? We'll give you a $25 cash bonus when you open your first Wealthsimple account through this page and fund at least $1 within 30 days*
Eligibility Requirements
To open an account with Wealthsimple, you must meet the following requirements:
Wealthsimple is an accessible platform for Canadians just starting their investing journey. The platform stands out for its no-commission trading. It’s especially popular with younger investors looking to buy Canadian (or US) stocks and ETFs.
Quick Facts:
Wealthsimple Pros
Wealthsimple Cons
Best For
Wealthsimple is best for beginners who want to invest in CAD-listed stocks and ETFs without paying the high commission costs associated with more established brokerages. Do you value simplicity and mobile access? Don’t need advanced charting and trading tools? Wealthsimple could be the right pick for you. If you trade heavily in US stocks, you may want to open a USD account to avoid repeated conversion fees.
Wealthsimple user reviews and reputation
Wealthsimple has a positive reputation for its easy-to-use platform combined with commission-free trading. This is popular among beginners. However, users do raise concerns about payout times and foreign exchange fees. More experienced investors say the platform’s simplicity is limiting, especially with its lack of advanced trading tools.
Choosing an online brokerage goes beyond just looking for the lowest fee Canadian brokers. It ultimately depends on your investment experience, platform preferences, and long-term goals. These are the best online brokerages based on investor profiles:
Category | Recommended | Reason |
|---|---|---|
Best for beginners (CAD) | Easy entry point for new investors. With no trading commissions, a straightforward interface, and access to managed portfolios, it is ideal for building your (first!) portfolio. If you mostly buy in CAD and rarely convert currency, then FX isn’t a big drag. | |
Best for beginners (USD) | Moomoo has no FX commission (live-rate spread applies), making the platform ideal for new US traders. | |
Best for active & professional traders | Interactive Brokers Canada has ultra-low FX fees and generally the lowest all-in cost for frequent US trading. Professional-grade tools and advanced order types make the platform appealing for active traders. Qtrade offers no fees on certain investment types and enhanced research capabilities. | |
Best for advanced investors | Professional tools with low fees. Active traders benefit from advanced charting and research tools. | |
Best for mobile experience | Wealthsimple, Webull, Moomoo | Wealthsimple has a clean, beginner-friendly interface. Webull delivers advanced charting and real-time data for more experienced traders. Moomoo offers a user-friendly, mobile-first platform. |
Best for banking integration | Great for TD Bank customers seeking full-service integration and research tools. Scotia iTRADE and CIBC Investor's Edge also offer client-catered perks for a seamless experience. | |
Best overall value | Both combine low or no fees and a wide range of accounts. Qtrade wins for customer satisfaction and no fees, while Questrade offers flexible pricing. | |
Best overall value for FX-heavy US traders | Moomoo, Interactive Brokers Canada | If you trade mostly in USD, then Interactive Brokers wins for FX costs. Moomoo is also compelling for mobile-first traders due to its 0% FX policy. |
With seemingly endless options, choosing the best online brokerage in Canada depends on your needs and investment preferences. Whether you’re a first-time investor looking for simplicity or a seasoned trader seeking advanced tools, there IS a platform for you.
So, how do you choose? Start by comparing fees, account options, and user experiences to find the best fit. Ask yourself: how often do I trade? What types of accounts do I need? And how important is mobile functionality? Taking the time to find the right brokerage can help you lower costs and ultimately build wealth more efficiently.
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About the author
Lauren Brown
Editor
Lauren is a freelance copywriter with over a decade of experience in wealth management and financial planning. She has a Bachelor of Business Administration degree in finance and is a CFA charterholde...
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Since graduating from the University of Western Ontario, Sara has built a diverse writing portfolio, covering topics in the travel, business, and wellness sectors. As a self-started freelance content ...
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