Best online trading platforms in Canada

Account min

Transaction Fees

Admin Fees (Reg Ac)

Admin Fees (Non-Reg Ac)

Inactivity Fee

• $0

• $9.95 flat fee per trade for stocks and Exchange Traded Funds (ETFs). $0 for eligible ETFs
• Options – flat fee + $1.25 per contract
• Mutual Funds - $0 (but early redemption fees may apply)
• Active trader pricing - $3.95 flat fee per online stock or ETF trade for clients with 150+ trades per quarter

• No Tax-Free Savings Account (TFSA) fees
• $50 Annual fee for Registered Education Savings Plan (RESP) less than $25,000
• $100 annual fee for all other registered accounts less than $25,000

• $25 per quarter when account balance less than $15,000

• $0

• $0

• $6.95 flat fee per stock and ETF trade.
• Options – flat fee + $1.25 per contract
• Mutual Funds - $6.95
• Active trader pricing - $4.95 flat fee per online stock or ETF trade for clients with 150+ trades per quarter

• TFSA, First Home Savings Account (FHSA) & RESP - No fee 
• Other registered accounts – $100 pa when account value less than $25,000

• $100 pa when account balance less than $10,000

•  $0

• $0 but $1000 needed to start trading

• Stocks -$0.01 per share with a minimum charge of $4.95, and a max of $9.95 if you trade 995 shares or more
• ETFs – follow same structure as stock except you can buy for free.
• Options - $9.95 + $1/contract
• Mutual Funds – $ 9.95 per trade
• Active trader pricing – two plans. Fixed - $4.95 flat fee per trade for stocks and $4.95 + $0.75 per contract. Variable - 1¢/ share (min $0.01 to max $6.95)

• No fee for registered accounts (TFSA/Registered Retirement Savings Plan (RRSP)/RESP/Registered Retirement Income Fund (RRIF)/ FHSA)

• No fee

• $0

• $0

• Stocks & ETFs - $9.95 flat fee per trade
• Options – flat fee + $1.25 per contract
• Mutual Funds - Buy or switch orders: 1% of the gross trade amount (maximum $50 per trade, charged in the fund’s denomination currency)
• Sell orders: No commission
• Active trader pricing - $6.95 flat fee per online stock or ETF trade for clients with 150+ trades per quarter

• $25 per quarter where assets are less than $15,000 across all accounts 
• FHSA – no fee

• $25 per quarter where assets are less than $15,000 across all RBC Direct Investing accounts

• $0

• $0

• $9.99 flat fee per trade for stocks and ETFs
• Options – flat fee + $1.25 per contract
• Mutual Funds - $9.99 to buy/sell or switch orders
• Active trader pricing - $4.99 flat fee per online stock or ETF trade for clients with 150+ trades per quarter 
• +$65 for trades placed by telephone reps

• TFSA & FHSA – No fee
• RESP - $25 per year if all accounts hold less than $15,000
• RRSP, RRIF, Locked in Retirement Account (LIRA), Life Income Fund (LIF) - $100.00 per year if accounts hold less than $25,000 or fewer than 12 trades are placed per year

• $25 account fee is charged if combined accounts add up to less than $15,000

• $25 fee for investment accounts if you don’t make at least 1 trade per quarter

• $0

• $9.99 flat fee per trade for stocks and ETFs for trades of 1 full share or more
• $1.99 for trades less than 1 share (a partial share)
• Options – flat fee + $1.25
• Mutual Funds - $0 to buy or sell (but early redemption fees may apply)
• Active trader pricing - $7 flat fee per online stock or ETF trade for clients with 150+ trades per quarter

• $25 per quarter if the total balance in your TD Direct Investing account is less than $15,000. However, this fee can be waived with TD's household program

• $25 per quarter if the total balance in your TD Direct Investing account is less than $15,000. However, this fee can be waived with TD's household program

• $0

• $0

• $0 commission on the first 50 stock trades
• $9.99 per trade on one full share or more
• $1.99 per trade for partial shares
• $0 commission on all TD ETFs, all the time

• $0

• $0

• $0

• $0

• Stocks - $0
• ETFs - $0
• Options - ¢75 / $2 per contract

• $0

• $0

• $0

Education

Support

• Articles
• Videos
• Podcasts

• Phone
• Email
• Branch level support

• Articles / guides
• Videos webinars

• Online help centre
• Chat
• Telephone support from licensed representatives
• Online FAQs

• Articles
• Webinars 

• Online help centre
• Phone
• Chat

• Investing academy with articles and videos
• In-person
• Seminars

• Telephone support from licensed representatives,
• RBC Community online forum

• Webinars and videos
• Articles
• Interactive learning modules

• Telephone support from licensed representatives
• Online FAQs

• Articles
• Training videos (curated learning paths)
• Webinars
• Masterclasses (interactive live tutorials)
• Direct Investing Index

• Online help centre
• Telephone support from licensed representatives

• Videos
• Articles
• Webinars
• Masterclasses (interactive live tutorials)

• Telephone support from licensed representatives
• Online FAQs

• Articles/guides

• Phone support
• Chat
• Email

Mobile App

Trading Platforms

Advanced Platform for active traders

The BMO Invest app lets you:

• Place trades
• Monitor account activity
• Access quotes and watchlists
• Get real-time data
• Make foreign exchange transactions
• Access advanced charting
• Set up alerts

BMO Investorline lets you:

• Place trades
• Track performance
• Research securities
• Access analyst ratings, screeners and watchlists
• Access trading tools such as value analyzer and technical insights
• Personalized insights
• Value Analyzer
• Environmental, Social and Governance (ESG) Insights

BMO Active Trader provides access to: 

• Real-time streaming
• Level 1 & 2 quotes 
• Global Data and market research
• Order-entry tools, alerts, screeners, and customized watch lists
• Advanced and customized charting

CIBC Mobile Wealth lets you:

• Make trades
• Access real-time snap quotes, advanced charts and watchlists
• Track performance
• Transfer funds
• Review transactions
• Make foreign exchange transactions
• Monitor investments
• Access the Learning Centre for education
• Access online documents (statements, confirmations, tax documents)
• Manage your accounts (update address, set up dividend reinvestment, link bank account, setup US markets trading, initiate transfers, withdraw from RRSP, change mailing options)

CIBC Investor's Edge lets you:

• Make trades
• Manage your accounts (update address, set up dividend reinvestment, link bank account, setup US markets trading, initiate transfers, withdraw from RRSP, change mailing options)
• Check performance
• Research securities using research tools, pre-defined screeners, sector and industry analysis
• Access screening tools
• Access technical analysis resources and advanced charting tools
• Use advanced order entry types
• Build personalized watchlists and alerts
• Set up alerts
• Make foreign exchange transactions
• Access the Learning Centre for education
• Access online documents (statements, confirmations, tax documents)

CIBC Investor's Edge provides access to:

• Streaming real-time level 1 & 2 quotes
• Market index data
• BNN and Stock News
• Market map
• Market Activity (e.g. top gainers/losers)
• Watchlist
• Price and news alerts
• Security information (corporate adjustments, time/sales & dividend information)
• Advanced charting
• Options summary, explorer and valuation

Quest Mobile lets you:

• Make trades
• Research securities
• Move money
• Monitor portfolio performance
• Real-time snap quote
• Access news, historical info and charting

Questrade Trading lets you:

• Make trades
• Manage your accounts
• Monitor portfolio performance
• Research stocks
• Access basic charting, quotes, watchlists, and research tools

Questrade Edge provides access to

• Advanced order types
• A customizable trading environment
• Research tools from TipRanks, Trading Central, and Morning Star

RBC Mobile App lets you:

• Place trades
• Look up stock quotes
• Get level 2 quotes for TSX and TSX-V-listed securities
• Monitor investments
• Create & manage watchlists
• Transfer funds
• Single sign-on access to RBC Rewards, RBC Wallet and RBC Dominion Securities

RBC Direct Investing lets you:

• Make trades
• Access real-time streaming data with Level 2 quotes
• Set up watchlists and alerts
• Research securities using interactive tools, pre-defined screeners, sector and industry analysis
• Access research from Morningstar technical analysis
• Access advanced tools to visualize trends 

RBC Direct Investing's active trader program allows you to access:

• Level 2 Quotes
• Premium research from Morningstar and RBC Capital Markets.

ITrade App lets you:

• Create a watchlist
• Place trades
• Transfer funds
• Get real-time quotes, charts, news, and option chains
• Access research and analysis

Scotia Online lets you:

• Buy and sell Canadian and U.S. equities, ETFs, and options on major North American exchanges, as well as mutual funds, new issues, and fixed income Research reports
• Access real-time stock alertsCreate Screeners
• View enhanced charting

Scotia iTrade’s Trade Pro provides access to:

• An advanced, customizable platform
• ·Real-time data on level 1 and level 2 assets
• Research and news
• Realtime streaming of quotes & option chains for US and Canadian securities
• Customizable charts

TD App lets you:

• Place trades
• Monitor performance
• Access a customizable home screen
• Access real-time snap quotes including company profiles, fundamentals, news and charts for stocks, mutual funds, ETFs, and option chains
• Access the Learning Centre for education
•  Set up price and volume alerts
• Access watchlists

WebBroker lets you:

• Access market & analyst research reports
• Take advantage of technical analysis tools with charting, pattern recognition and alerts
• Create screeners
• Access real-time level 1 market data
• Access advanced order types
• Buy/sell in one-click
• Access the Learning Centre for education
• Personalize your homepage
• Review performance reports

Advanced Dashboard provides access to:

• Equity Scanner
• Heat maps
• Trade finder
• Advanced charting
• Earnings Analyzer
• Option chains
• Advanced options
• Analytics
• Analyst evaluations
• Streaming real-time level I and II market data

Active Trader, TD's most powerful platform best suited for active U.S. options traders enables access to:

• One- to four-legged options strategies
• Advanced order types such as bracket orders, First Triggers All, First Triggers Sequence, Limit and Market on Close, and more
• More than 100 popular technical studies and advanced charting
• 20 drawings, including eight Fibonacci tools
• Earnings analyzer and company fundamentals tools
• Practice account

TD Easy Trade^TM app lets you:
 

• Place trades (stocks and TD ETFs),
• Access real-time, on-demand quotes and price alerts
• Hold both Canadian and USD currency in your account
• Goal planning tool to set goals and track progress

Wealthsimple Trade app lets you:

• Place trades,
• Access real-time, on-demand quotes and unlimited price alerts
• Deposit up to $1,500
• View trending stocks by different markets and categories

Wealthsimple trade lets you:

• Place trades,
• Access real-time, on-demand quotes and price alerts
• Deposit up to $1,500
• View trending stocks by different markets and categories

Wealthsimple Trade Plus provides access to:

• Real-time market data (snap quotes)
• USD accounts with no foreign exchange conversion fees 
• Unlimited price alerts
• Deposit up to $5,000 instantly

Registered accounts

Non- Registered accounts

Locked in

Corporate and non-personal

USD Accounts

• RRSP
• TFSA
• RESP
• RRIF

• Cash
• Margin

• Locked-In Retirement Account (LIRA)
• Restricted Locked-in Savings Plans (RLSP)
• Locked-In RSP (LRSP)
• Locked-In Retirement Income Fund (LRIF)
• Life Income Fund (LIF)

• Trusts
• Estates
• Associations
• Corporations
• Investment clubs or partnerships
• Personal holding companies

• No

• RRSP
• TFSA
• RESP
• RRIF
• Prescribed Retirement Income Fund (PRIF)
• FHSA

• Cash
• Margin

• LIRA
• LRSP
• LRIF
• LIF

• Corporate or Partnership
• Investment Club
• Formal Trust
• Estate
• Associations
• Holding companies or any other entity

• Yes (except RESP)

• RRSP
• TFSA
• RESP
• RIF
• FHSA

• Cash
• Margin

• LIRA
• LRSP
• LIF

• Corporate
• Partnership
• Investment Club
• Sole proprietorship
• Individual or Joint Informal Trust
• Formal Trust
• Individual or Joint foreign exchange and contracts for difference

• Yes

• RRSP
• TFSA
• RESP
• RRIF
• Prescribed RRIF (PRIF)
• FHSA

• Cash
• Margin

• LIRAs
• RLSPs
• LRIFs
• LIF
• Restricted Life Income Fund (RLIF)

• Corporate
• Partnership
• Holding company or any other entity

• Yes except RESP

• RRSP
• TFSA
• RESP
• RRIF
• FHSA

• Cash
• Margin
• Cash optimizer investment account (COIA)

• LIRA
• LIF

• Sole proprietorship
• Corporate
• Partnership
• Investment Club
• Unincorporated Organization (Charity or foundation)
• Trust or Estate Account

• All registered accounts support US dollar transactions except RESP

• RRSP
• TFSA
• RESP
• RIF
• Registered Disability Savings Plan (RDSP)

• Cash
• Margin

• LIRA
• LIF

• Yes

• RRSP
• TFSA

• Cash

• Yes

• RRSP
• TFSA
• FHSA

• Cash (Taxable account)

• LIRA
• RRIF

• Corporate account (Invest for Business Account)

• Offered only to Wealthsimple Premium and Generation clients

Securities

• Stocks
• GICs
• Bonds
• Options,
• Mutual funds
• ETFs

• Stocks
• GICs
• Fixed income
• Options
• Mutual funds
• ETFs
• Structured notes
• IPOs
• Precious metals

• Stocks
• GICs
• Fixed income
• Options
• Mutual funds
• Foreign exchange
• ETFs
• Structured notes
• IPOs
• Bonds
• International equities
• Precious metals
• Contract for Differences (CFD)

• Stocks
• Fixed income Securities
• Options
• Mutual funds
• ETFs

• Stocks
• Options
• Mutual funds
• ETFs
• GICs
• Bonds
• New issues

• Stocks
• Partial shares
• Options
• Mutual funds
• ETFs
• GICs
• Bonds
• New issues
• Structured notes

• Stocks
• Partial shares
• TD ETFs

• Stocks
• ETFs
• Partial shares
• Crypto
• Fully Paid Lending
• Options

Research report

Tools

• Real-time market data and reports
• Analyst rating 

• Screeners
• Watchlists
• Alerts
• Value analyzer
• Technical analysis tool,

• Research reports
• Real-time market data
• Analyst ratings

• Watchlists
• Advanced charting tools
• Technical analysis resources
• Screeners
• Alerts

• Real-time market data and research reports
• Additional cost for enhanced (advanced) market data packages that includes live streaming, real-time data

• Goal Tracking
• Watchlists
• Alerts
• Charting tools
• Screeners
• Portfolio score & simulator

• Real-time streaming quotes
• Research reports

• Screeners
• Sector & industry analysis
• Technical analysis
• Advanced charting tools

• Analyst research centre provides research reports and stock ratings
• Real-time market data

• Goal Planning
• Technical analysis tools (Screeners, watchlists, Alerts)
• Sustainable investing tools
• Account management tools 

• Analyst Centre provides research reports and analyst ratings
• Real-time market data 

• Goal Planning
• Technical analysis tools (Screeners, watchlists, Alerts)
• Charting tools
• Performance reporting
• Robust library of on-demand videos

• Real-time quotes and market data

• Goal planning
• Watchlist, alerts of trending stocks
• Built-in educational videos and resources

• Real-time quotes

• Price alerts
• Basic charting tools
• Watchlists
• Screeners