Compare Online Brokers

RBC Direct Investing is an online investment brokerage owned and run by the Royal Bank of Canada. It is designed for people primarily interested in managing their own investments. They offer flat fees for most typical trades, will cover up to $200 of transfer fees if you transfer more than $15,000 into your RBC Direct Investing account, and will do trades on your behalf for a commission.

If you’re experienced with managing your own investments or self-directed trading, the BMO InvestorLine online brokerage may be just what you need. With advanced tools for experienced traders, and extra perks and benefits for people with lots of money to invest, this brokerage has won several awards over the years.

Moomoo Financial supports users in finding success in the stock markets by providing them with advanced tools and comprehensive data that are essential for becoming seasoned investors. Previously, such technology was limited, complex, and costly, but now, Moomoo Financial offers them at no cost to the user.

The National Bank Direct Brokerage is one of the top-rated online brokers in Canada, thanks to its competitive fee structure, library of training sessions and tips, and the security offered by a major financial institution. This was the first online trading platform to offer commission-free for stocks and ETF trades in Canada, and its recently launched mobile app makes National Bank Direct Brokerage even more convenient for trading on the go.

Questrade is one of Canada's most popular online brokers. Its surprisingly low fees and utter transparency regarding all costs are intriguing and refreshing for potential investors, and thoroughly enjoyed by its current clients too.

Like all of the Big 5 Banks, TD offers convenient online investing tools that regular people (not just professional traders) can use to manage their own investments. The TD Direct Investing Platform has high per trade fees, but does offer some pretty interesting educational materials and opportunities to help new and advanced investors.

When it comes to online brokers in Canada, the list of choices for your business seems to be growing each year. One mainstay within the pack is Qtrade Direct Investing^™, who seem to be a top pick for new and experienced DIY investors. They also receive accolades coming from leaders in the industry and individual investors who use their service.

If you're new to online investing, TD Easy Trade is essentially a pared-down version of TD Direct Investing. It cuts out some investments and account types to help make self-investing simple. TD Easy Trade lets you trade stocks, TD ETFs, and TD ETF portfolios, with 50 free trades per year.

Like the other big banks in Canada, Scotiabank offers an online investment platform for people who are interested in doing their own self-directed investing. And while it has high per transaction fees and quarterly “low activity” charges, it does have a few things going for it.

This online investment brokerage is owned and run by CIBC, and is targeted towards people who are interested in managing their own investments, learning about how to manage their own investments, and people who do investment management for a living. With relatively low fees for trades, and discounts for students and active traders, this is a service worth looking into.

While you may have heard of Wealthsimple, did you know that Wealthsimple also offers Wealthsimple Self-Directed Investing? And it’s a little different. They advertise it as “a simpler way to trade,” and it’s hard to argue with that. You can only open a handful of account types. You can trade stocks, ETFs, options, margin, and corporate products on Canadian and U.S. exchanges. And that’s about it.