Top Canadian Online Brokers

Top Canadian Online Brokers empower tech-savvy investors to independently build a diversified portfolio cost-effectively. Investors who prefer one-on-one professional advice can find it at traditional brokerage firms albeit often at much higher account fees.

Whether you’re looking for an online platform that offers a simple intuitive trading interface or the best options trading tools for advanced strategies, the right Canadian broker can help you reach your investment goals. Online brokers make their money through per-trade transaction commissions, maintenance fees and data charges, and may charge a fee for access to the international stock exchanges that enable global trading.

Top Online Brokers in Canada You Should Know About

Discount online brokerages have become increasingly popular with Canadian DIY investors. They offer low (and sometimes no) trade fees, and their user-friendly mobile apps are easy to navigate even for the most inexperienced investors. The best Canadian discount brokerages also let you buy and sell ETFs for free, and they typically have minimal per-trade transaction fees of just $5 or $8. Those savings add up to hundreds of thousands of dollars in your investing lifetime.

Qtrade is Canada’s most recommended online broker, and for good reason. They offer a highly innovative and modern trading platform, elite customer service and some of the lowest trade fees in the country. However, it’s important to note that their overall online experience isn’t quite as excellent as competitors like Questrade and Wealthsimple Trade, especially when it comes to the mobile app. That said, it’s still worth a look for most Canadian DIY investors.