Brokerages

Investing with a brokerage is customizable, but requires some investing know-how. Discount brokers enable investors to buy almost any financial product they choose: stocks, ETFs, bonds, etc.

Brokerages

Minimum deposit

Commission - Equity

ETF offers

Account maintenance

Promotional offers

More details

Virtual Brokers

$0

$9.99

Free to purchase

$24.95/qtr

Robo-advisor

Options - Commissions

Resources

Reduced comissions - Equity

International markets

USD only

No

$9.99 + 1.25/contract

none

$4.99 (150+ trades/qtr) or Free
(With subscription of $150+/month trading platform)

No

Registered (+15$/qtr)

Dual-currency (CAD/USD)

Account maintenance rebate criteria

Option - Reduced commissions

Level 1 & 2 Data

Margin account rate

Mobile

Registered/Unregistered

$5,000+ assets Under 26 years old
1+ trades in last 3 months Maintenance fees from the last 3 months can be rolled over to cover commissions

$4.99 + $1.25/contract (150+ trades/qtr)

Level 1 & 2 - $150/month

P + 1.5%

iOS/Android Website

Brokerage

Minimum deposit

Commission - Equity

ETF offers

Account maintenance

Promotional offers

More details

Questrade

$1000

$0.01/share (min. $4.95 - max. $9.95)

Free to purchase

$24.95/qtr

Robo-advisor

Options - Commissions

Resources

Reduced comissions - Equity

International markets

USD only

Portfolio IQ

$9.95 + $1/contract

Recognia

$0.01/share (min. $0.01 - max. $6.95) (With subscription of $89.95+ data package)

1% trade values Minimum: $195

N/A

Dual-currency (CAD/USD)

Account maintenance rebate criteria

Option - Reduced commissions

Level 1 & 2 Data

Margin account rate

Mobile

Registered/Unregistered

$5,000+ assets

$4.95 + $0.75/contract (With purchase of $89.95+ data package)

Level 1 - $19.95/month Level 2 - $89.95$/month

P + 3.5% < $100 000 P + 2.5% > $100 000

iOS/Android Website

Brokerage

Minimum deposit

Commission - Equity

ETF offers

Account maintenance

Promotional offers

More details

BMO

$5000

$9.95

No

25$/qtr

Robo-advisor

Options - Commissions

Resources

Reduced comissions - Equity

International markets

USD only

BMO Smartfolio

$9.95 + $1.25/contract

Morningstar

No

No

Unregistered

Dual-currency (CAD/USD)

Account maintenance rebate criteria

Option - Reduced commissions

Level 1 & 2 Data

Margin account rate

Mobile

Registered

$10,000+ assets
Have any registered account
2+ trades in last 6 months

No

Level 2 - Free with $250,000+ assets or 30+ trades/qtr

P + 1%

iOS/Android
Website

Brokerage

Minimum deposit

Commission - Equity

ETF offers

Account maintenance

Promotional offers

More details

Jitneytrade

$25,000

$9.99

No

$20.00 / month

Robo-advisor

Options - Commissions

Resources

Reduced comissions - Equity

International markets

USD only

N/A

$1.50/contract (min. $15)

N/A

Reduced commissions for larger trading volume

N/A

Yes

Dual-currency (CAD/USD)

Account maintenance rebate criteria

Option - Reduced commissions

Level 1 & 2 Data

Margin account rate

Mobile

No

1+ trade per month

Level 1 (US and Canada) - $20 per month

P + 1%

With selected trading platforms

Brokerage

Minimum deposit

Commission - Equity

ETF offers

Account maintenance

Promotional offers

More details

TD Direct Investing

$0

$9.99

No

25$/qtr

Robo-advisor

Options - Commissions

Resources

Reduced comissions - Equity

International markets

USD only

No

$9.99 + $1.25/contract

Morningstar

$7 (150+ trades/qtr)

$150 and above

No

Dual-currency (CAD/USD)

Account maintenance rebate criteria

Option - Reduced commissions

Level 1 & 2 Data

Margin account rate

Mobile

No

$15,000+ assets
New account (6 months free)
3+ trades in last 3 months
$100+/month pre-authorized contributions

$7 + $1.25/contract (150+ trades/qtr)

Level 1 & 2 - $19/month

4.25%

$500,000+ assets:
4% under $25,000
3.75% $25,000 - $99,000
3% $100,000+

iOS/Android Website

Brokerage

Minimum deposit

Commission - Equity

ETF offers

Account maintenance

Promotional offers

More details

Laurentian Bank Discount Brokerage

$0

$9.95

No

Unregistered : 25$/qtr

TFSA : 50$/yr

Registered : 75$/yr

Robo-advisor

Options - Commissions

Resources

Reduced comissions - Equity

International markets

USD only

No

$9.95 + $1.25/contract

No

No

No

Unregistered

Dual-currency (CAD/USD)

Account maintenance rebate criteria

Option - Reduced commissions

Level 1 & 2 Data

Margin account rate

Mobile

No

Overly complex pricing structure * See website*

No

No

P + 1% under $100,000

P $100,000+

Website

Brokerage

Minimum deposit

Commission - Equity

ETF offers

Account maintenance

Promotional offers

More details

ShareOwner

$0

$0.01/share ($min 19.95)

Over 50 ETFs

Unregistered : Free

TFSA: 50$/yr

Registered: 75$/yr

Robo-advisor

Options - Commissions

Resources

Reduced comissions - Equity

International markets

USD only

No

Not offered

Guided portfolios

Purchase a stock portfolio at a scheduled time for a flat fee of $40

No

No

Dual-currency (CAD/USD)

Account maintenance rebate criteria

Option - Reduced commissions

Level 1 & 2 Data

Margin account rate

Mobile

No

N/A

Not offered

Not offered

No margin accounts

No

Brokerage

Minimum deposit

Commission - Equity

ETF offers

Account maintenance

Promotional offers

More details

Scotia iTrade

$0

$24.99 (up to 1,000 shares, +$0.03/ share thereafter)

50 commission-free ETFs

$25/qtr

Robo-advisor

Options - Commissions

Resources

Reduced comissions - Equity

International markets

USD only

No

$24.99 + $1.75/contract

No

$9.99 (30+ trades/qtr or $50,000+ assets)
$4.99 (150+ trades/qtr)

250 $ and above

Registered (+30$/qtr)

Dual-currency (CAD/USD)

Account maintenance rebate criteria

Option - Reduced commissions

Level 1 & 2 Data

Margin account rate

Mobile

No

$10,000+ assets
New account (6 months free) 1+ trade(s) in last 3 months

9.99$ +1.25$/contract (30+ trades/qtr or >50K)
4.99$ +1.25$/contract (150+ trades/qtr)

Level 1&2 - $79.95/month ($69.95/month $50,000+ assets
$39.95/month with 10-29 trades
Free with 40+ trades/month or $250,000+ assets)

P + 1.65% under $25,000
P + 1.6% $25,000 - $99,999
P + 1.55% $100,000+

$250,000+ assets or 30+ trades/qtr:
P + 1.5% under $25,000
P + 1.45% $25,000 - $99,999
P + 1.25% $100,000+

$1,000,000 or 150+ trades/qtr:
P + 1.25% under $100,000
P + 1.2% $100,000+

iOS/Android Website

Brokerage

Minimum deposit

Commission - Equity

ETF offers

Account maintenance

Promotional offers

More details

Interactive Brokers

$5,000 (Registered)
$10,000 (Unregistered)

Canada: $0.01/share*
U.S.: $0.005/share*
*min. $1 - max. 0.5% of trade value

26 commission-free ETFs

$10/month ($2,000+ assets)
$20/month (Under $2,000 assets)

Robo-advisor

Options - Commissions

Resources

Reduced comissions - Equity

International markets

USD only

No

$1.25/contract (min $1.50)

No

Volume discounts starting at 300,000+ shares traded/month

Over 50 global markets with variable commission

Registered/Unregistered

Dual-currency (CAD/USD)

Account maintenance rebate criteria

Option - Reduced commissions

Level 1 & 2 Data

Margin account rate

Mobile

Registered

No fee if monthly commissions $10+ ($20+)

$1.15/contract (10,000 - 49,999 contracts)
$1.05/contract (50,000 - 99,999 contracts)
$1/contract 100,000+ contracts (min $1.50)

Multiple data packages available

P + 1.5% under $140,000
P + 1% $140,000 - $1,400,000
P + 0.5% $1,400,000+

iOS/Android

Brokerage

Minimum deposit

Commission - Equity

ETF offers

Account maintenance

Promotional offers

More details

Qtrade Investor

$1000

$8.75

60 commission-free ETFs

$25/qtr (+ $15 USD/qtr for every USD registered account)

Robo-advisor

Options - Commissions

Resources

Reduced comissions - Equity

International markets

USD only

No

6.95$ + 1.25$/contract

No

$6.95 (100+ trade/qtr or $500,000+ assets)

No

Registered/Unregistered

Dual-currency (CAD/USD)

Account maintenance rebate criteria

Option - Reduced commissions

Level 1 & 2 Data

Margin account rate

Mobile

No

$20,000+ assets
2+ trades in last 3 months

$6.95 + $1.25/contract
(100+ trade/qtr or $500,000+ assets

No

6.2% : under $10,000
6.15% : $10,000 - $49,999
6% : $50,000 - $99,999
5.65% : $100,000+

iOS/Website

Brokerage

Minimum deposit

Commission - Equity

ETF offers

Account maintenance

Promotional offers

More details

CIBC

$0

$6.95

No

$100/yr

Robo-advisor

Options - Commissions

Resources

Reduced comissions - Equity

International markets

USD only

No

$6.95 + $1.25/contract

Morningstar
Recognia

$4.95 (150+ trades/qtr)

$300+

No

Dual-currency (CAD/USD)

Account maintenance rebate criteria

Option - Reduced commissions

Level 1 & 2 Data

Margin account rate

Mobile

No

$25,000+ assets
TFSA account

$4.95 + $1.25/contract (150+ trades/qtr)

No

4.25%

iOS/Android / Website

Brokerage

Minimum deposit

Commission - Equity

ETF offers

Account maintenance

Promotional offers

More details

Desjardins Online Brokerage (formerly Disnat)

$1000

$9.95

No

$30/qtr

Robo-advisor

Options - Commissions

Resources

Reduced comissions - Equity

International markets

USD only

No

$1.25/contract min $8.75

Guided portfolios
Morningstar
Training courses
Analysis tools

$0.01/share (min. $5 - max. $9.95)
(With premium platform subscription)

No

Registered/Unregistered

Dual-currency (CAD/USD)

Account maintenance rebate criteria

Option - Reduced commissions

Level 1 & 2 Data

Margin account rate

Mobile

No

$15,000+ assets
or
Have any registered account
or
6+ trades in last 12 months

No

Level 1 - $60/month (Free with 31+ trades/month)
Level 2 - $105/month (Free with 41+ trades/month)

P + 1.25% under $100,000
P + 0.5% $100,000 - $499,999
P + 0% $500,000+

iOS/Android/Website

Brokerage

Minimum deposit

Commission - Equity

ETF offers

Account maintenance

Promotional offers

More details

Credential Direct

$1000

$8.88

No

$25/qtr

Robo-advisor

Options - Commissions

Resources

Reduced comissions - Equity

International markets

USD only

No

$8.88 + 1.25$/contract

Morningstar
Recognia

No

No

Unregistered

Dual-currency (CAD/USD)

Account maintenance rebate criteria

Option - Reduced commissions

Level 1 & 2 Data

Margin account rate

Mobile

No

$15,000+ assets
or
New account (6 months free)
or
2+ trades in last 3 months
or
$100+/month pre-authorized contributions

No

Level 1 & 2 - Free

P + 2%

Website

Brokerage

Minimum deposit

Commission - Equity

ETF offers

Account maintenance

Promotional offers

More details

HSBC Invest Direct

$0

$9.88

No

$25/qtr

Robo-advisor

Options - Commissions

Resources

Reduced comissions - Equity

International markets

USD only

No

$9.88 + $1.25/contract

Morningstar

$6.88 (100+ trades/qtr or $500,000+ assets)

Over 20 global markets with variable commission

Unregistered

Dual-currency (CAD/USD)

Account maintenance rebate criteria

Option - Reduced commissions

Level 1 & 2 Data

Margin account rate

Mobile

No

$10,000+ assets
or
New account (3 months free)
or
Have any registered account
or
1+ trade(s) in last 3 months

$6.88 + $1.25/contract
(100+ trade/qtr or $500,000+ assets)

No

4.25%

Website

Brokerage

Minimum deposit

Commission - Equity

ETF offers

Account maintenance

Promotional offers

More details

National Bank Direct Brokerage

$0

$9.95

Zero commission on all Canadian ETFs

$100/yr

Robo-advisor

Options - Commissions

Resources

Reduced comissions - Equity

International markets

USD only

InvestCube

$9.95 + $1.25/contract
Maximum $28.95 if trade value under $2,000

Morningstar
Recognia

$6.95-$9.95
(30+ trades/qtr)

$75+

Registered/Unregistered

Dual-currency (CAD/USD)

Account maintenance rebate criteria

Option - Reduced commissions

Level 1 & 2 Data

Margin account rate

Mobile

No

Assets $20,000+ assets 5+ trades in last 12 months

$6.95 - $9.95 + $1.25/contract (30+ trades/qtr)

Level 1 - $39/month (Free with 10+ trades/month)
Level 2 - $99/month ($60/month with 10+ trades/month)
or
Free with 40+ trades/month)

P + 1.25% under $10,000
P + 1% $10,000 - $99,999
P + 0% $100,000+

Website

Brokerage

Minimum deposit

Commission - Equity

ETF offers

Account maintenance

Promotional offers

More details

RBC Direct Investing

$0

$9.95

No

$25/qtr

Robo-advisor

Options - Commissions

Resources

Reduced comissions - Equity

International markets

USD only

No

$9.95+ $1.25/contract

Morningstar

$6.95 (150+ trades/qtr)

No

N/A

Dual-currency (CAD/USD)

Account maintenance rebate criteria

Option - Reduced commissions

Level 1 & 2 Data

Margin account rate

Mobile

Registered/Unregistered

$15,000+ assets
New account (6 months free)
2+ trades in last 3 months
$100+/month pre-authorized contributions

$6.95 + $1.25/contract ($150+ trades/qtr)

Level 1 & 2 - Free with 30+ trades/qtr

4.1%
$250,000+ assets:
4.1% under $25,000 3.6%
$25,000 - $99,999
P + 0% $100,000+

iOS/Android Website

Hardbacon
400 Rue Montfort
local C-1100
Montréal,QC H3C4J9
info@hardbacon.ca