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.
In exchange for being a simple investment service, it comes with lower fees. If you want more, you can upgrade to TD Direct Investing to get a more comprehensive investing experience.
TD Easy Trade features
Here are the key features of TD Easy Trade.
Why You Want It
Intuitive online trading for beginner investors with 50 commission-free stock trades.
Special Features
- No minimum investment
- Beginner friendly
- Low fees
- 50 free stock trades per year
Provinces
ALL
Features
Types Of Accounts
- Cash
- RRSP
- TFSA
- FHSA
Types Of Investments
- Stocks
- TD ETFs
- TD ETF Portfolios
Minimum Investment
$0
Email Support
Live Chat Support
Phone Support
Minimum Stock Fee
$9.99
Maximum Stock Fee
$9.99
Minimum ETF Fee
$0
Maximum ETF Fee
$0
Active Trader Stock Fee Per Trade
$9.99
Cover Transfer Fees?
Minimum Deposit To Cover Transfer Fee
$500
Maximum Covered Transfer Fee
$150
Withdrawal Fees?
Account Maintence Fees
$0
Inactivity Fee Amount
$0
Promotion Description
N/A
Promotion Max Value
N/A
Promotion Requirements For Max Value
N/A
Promotion End Dates
See Issuer for Details
Terms
† Terms and conditions apply.
* Conditions apply. Please visit https://www.td.com/ca/en/investing/direct-investing/services/easytrade for complete information.
TD Easy Trade product rating: 2.8 stars
TD Easy Trade is designed for those that are new to investing. But because it limits your options in both what you can invest and the types of accounts you can open, it naturally gets a lower Genius Rating than other online brokers.
Still, it has relatively low costs and provides new investors a platform with fewer options to make decisions easier.
Rating methodology
To evaluate online brokers, we analyze over 25 data points to generate a trustworthy Genius Rating. We consider all aspects of an online broker, including investment options, fees, perks, access to support, customer satisfaction, and promotions, to assess its overall value. Then, the online broker’s features are rated based on how they stack up against other available options.
Learn more about our rating methodology.
The pros of TD Easy Trade
Here's what the TD Easy Trade brings to investors.
Pros
Low fees
Unlike many other investing platforms, with TD Easy Trade you don't have to worry about paying any account maintenance or inactivity fees – perfect for the first time investor who may not want to sink hours a week into investing.
Free trades
TD Easy Trade offers users 50 free stock trades per year. Once your allotment is used, you'll pay a typical $9.99 per trade (or $1.99 if you're buying 1 partial stock). If you're buying TD ETFs, they're always free to buy or sell.
Transfer fee reimbursement
TD will cover up to $150 in any fees you may pay from your current broker when you make the switch to TD*.
Save on currency conversion
TD lets you hold both Canadian and U.S. currency in your account, allowing you to trade in both markets without requiring a currency conversion for every transaction.
The cons of TD Easy Trade
Here are a couple of things to keep in mind, which relate to TD Easy Trade being more of a product for beginners.
Cons
Limited investment options
To keep things simple, you only get 3 investment choices with TD Easy Trade – stocks, TD ETFs, and TD ETF portfolios. If you want to invest in things like mutual funds, options, or other ETFs you're out of luck.
Limited account types
TD Easy Trade only has the basics when it comes to the types of accounts you can open. The basics are here – cash, TFSA, RRSP, and FHSA accounts can be opened. But others, like RESP, LIRA, or margin accounts cannot.
TD Easy Trade alternatives
Here's how TD Easy Trade compares to others.
 |  |  |  | |
|---|---|---|---|---|
| Account | TD Easy Trade | Qtrade | Scotia iTRADE | CIBC Investor's Edge |
| Genius Rating | ||||
| Why You Want It | Intuitive online trading for beginner investors with 50 commission-free stock trades. |  $80 GeniusCash + Earn up to 5% cash back on deposits + 140+ ETFs with no trade fees
| Get a free practice account + commission free ETFs. | Lowest commission rate from a Big 5 Bank online broker + Free trading under 25. |
| Types Of Accounts |
|
|
|
|
| Types Of Investments |
|
|
|
|
| Minimum Investment | $0 | $0 | $0 | $0 |
| Email Support | | | | |
| Live Chat Support | | | | |
Show More | ||||
| Open an account See more TD products Compare | I Want This Deal See more Qtrade products Compare | Open an account See more Scotiabank products Compare | Open an account See more CIBC products Compare |
FAQ
What is TD Easy Trade?
TD Easy Trade is one of TD's online investment brokers. TD Easy Trade is designed for new investors, as it has more limited options and account types to make investing easier.
What are the differences between TD Easy Trade and TD Direct Investing?
TD Direct Investing simply offers more choices – there are more investment choices and account types to choose from.
What kinds of investments are available with TD Easy Trade?
TD Easy Trade offers three different investments – stocks, TD ETFs, and TD ETF portfolios.
Editorial Disclaimer: The content here reflects the author's opinion alone, and is not endorsed or sponsored by a bank, credit card issuer, rewards program or other entity. For complete and updated product information please visit the product issuer's website.
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