WSWealthsimple Trade$0 minimum
CHEAPEST · BEGINNERS STOCK TRADE$0.00
ETF BUY$0.00
FX1.50%
ACCOUNTSTFSA · RRSP · FHSA · RESP · Cash · Crypto
- $0 stock + ETF trades
- $0 minimum
- Crypto integrated
- USD account on Plus tier
UPGRADEPlus $10/mo (0% FX)
★ USER REVIEW"Came from Questrade for the $0 trades. App is gorgeous. Plus tier pays for itself if I trade USD twice a year. — Sarah K., Toronto"
Most popular Canadian broker. Truly $0 trades on stocks AND ETFs. Plus tier ($10/mo) eliminates the 1.5% FX fee on USD purchases.
Open account →QTQuestrade$1,000 minimum
POWER USERS · ETF-FREE STOCK TRADE$6.95
ETF BUY$0.00
FX1.99%
ACCOUNTSTFSA · RRSP · FHSA · RESP · LIRA · LIF · Non-reg
- $0 ETF purchases
- IQ Edge pro platform
- US-dollar accounts (no FX)
- Most account types
UPGRADEIQ Edge Pro · $89/mo
★ USER REVIEW"Most flexible broker in Canada. USD account saves me $200/yr in FX. Pro platform is overkill for casual but invaluable for active. — Daniel V., Winnipeg"
Best self-directed broker for serious investors. Free ETF buys (sells charged). Pro platform IQ Edge with Level II quotes for active traders.
Open account →QTRQtrade Direct Investing$0 minimum
BEST RESEARCH · ETF LIST STOCK TRADE$8.75
ETF BUY$0.00
FX1.50%
ACCOUNTSTFSA · RRSP · FHSA · RESP · LIRA · Non-reg
- 100+ free ETFs
- $6.95 active trader
- Best research tools
- Free if $25k assets
UPGRADEFree w/ $25k+ assets
★ USER REVIEW"Best research tools of any Canadian broker. Stock screener + analyst reports = gold. Free trades above $25k sealed it. — Emma S., Ottawa"
Highest-rated for research and customer support. 100+ commission-free ETFs (largest list in Canada). Active trader tier at $6.95/trade.
Open account →IBKInteractive Brokers$0 minimum
LOWEST FX · GLOBAL ACCESS STOCK TRADE$1.00
ETF BUY$1.00
FX0.00%
ACCOUNTSTFSA · RRSP · FHSA · Margin · Non-reg
- $0.002% FX (cheapest)
- Global markets
- Lowest margin rates
- Pro platform free $30k+
UPGRADEPro · $10/mo (waived $30k)
★ USER REVIEW"Trading USD/EUR/GBP cost me $5/yr instead of $500 at TD. Platform takes a week to learn but worth it. — Mike T., Vancouver"
Best for global investors and FX-sensitive trades. 0.002% FX is 750x cheaper than Big-6 banks. Steeper learning curve but lowest costs overall.
Open account →RBCRBC Direct Investing$0 minimum
BIG-6 · FREE @ $15K STOCK TRADE$9.95
ETF BUY$9.95
FX1.50%
ACCOUNTSTFSA · RRSP · FHSA · RESP · LIRA · Non-reg
- Free if $15k+ eligible
- RBC ecosystem
- In-branch support
- Analyst research included
UPGRADEFree w/ $15k+ eligible assets
★ USER REVIEW"Have a mortgage + business banking at RBC. The free trades above $15k essentially makes it $0 for me. Big-6 service is the cherry. — Aaliyah B., Halifax"
Big-6 reliability. Free trades once you have $15k+ in eligible accounts (RBC chequing, savings, GICs all count). Best Big-6 ecosystem integration.
Open account →CIBCIBC Investor's Edge$0 minimum
CHEAPEST BIG-6 ($6.95) STOCK TRADE$6.95
ETF BUY$6.95
FX1.50%
ACCOUNTSTFSA · RRSP · FHSA · RESP · LIRA · Non-reg
- $6.95 = cheapest Big-6
- $4.95 active trader
- CIBC ecosystem
- 24/7 support
UPGRADEActive Trader · $4.95
★ USER REVIEW"CIBC client for 15 yrs. Investor's Edge saves me $30/mo vs my old broker. Not the prettiest app but the price is right. — James L., Montreal"
Cheapest Big-6 commission rate ($6.95 vs $9.95-9.99 at others). Active trader tier at $4.95. Best for Big-6 customers who want lower per-trade cost.
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