2022 COMPARISON GRID
BMO InvestorLine
CG Direct
CIBC Investor’s Edge
CI Direct Buying and selling
Desjardins On-line Brokerage
HSBC InvestDirect
Laurentian Financial institution Low cost Brokerage
Nationwide Financial institution Direct Brokerage
Qtrade Direct Investing
Questrade
RBC Direct Investing
Scotia iTRADE
TD Direct Investing
Wealthsimple Commerce
Interactive Brokers
The essential inventory buying and selling commissions charged and product restrictions
$9.95
✘ Restricitions
✘
$6.95
✘ Restricitions
$9.99
✘ Restricitions
$0
✘ restrictions
$6.88
✘ Restricitions
$9.95
✘ Restricitions
$0.00
✘ restrictions
$8.75
✘ Restricitions
1-cent per share Minimal $4.95
Maxiumum $9.95✘ Restricitions
$9.95
✘ Restricitions
$9.99
✘ Restricitions
$9.99
✘ Restricitions
$0.00
✔ Restrictions(Not all Shares and ETFs can be found)
CDN $0.01/share
US $0.005/share
Min $1.00 for each AND max 0.5% of commerce worth for CDN and 1% for US
✘ Restricitions
The decrease and/or greater commissions charged for various circumstances
✘
✘
$0
25 yr outdated college students
$3.99
150 or extra accomplished trades per quarter
✘
$4.88
150 or extra accomplished on-line trades per quarter (North American shares and ETFs)
✘
✘
$6.95
150 or extra accomplished trades per quarterOR> $500,000 in AssetsOR$7.75 for certified 18-30 yr olds
$0.01 per share
($6.95 max)
$6.95
150 or extra accomplished trades per quarter
$4.99
150 or extra accomplished trades per quarter
$7.00
150 or extra accomplished trades per quarter
✘
✘
Participation in pre- and post-market North American buying and selling classes
✔
✘
✘
By cellphone solely
✘
✔
✘
By Telephone solely
✘
✘
By Telephone solely
✘
By Telephone solely
✔
✘
By Telephone solely
✔
✔
✘
✔
Entry to commerce worldwide shares on-line
✘
✘
✘
✘
✘
✔ Hong Kong, London, Paris, Frankfurt exchanges
✘
✘
✘
✔
✘
✘
✘
✘
✔
ECN price on prime of normal fee
✔
Charges for eradicating liquidity (from $0.0008/share to $0.004/share relying on trade and safety worth)
✔
Charges for eradicating liquidity (from $0.0008/share to $0.004/share relying on trade and safety worth)
✔
Charges for eradicating liquidity (from $0.0008/share to $0.004/share relying on trade and safety worth)
✔
Charges for eradicating liquidity (from $0.0008/share to $0.004/share relying on trade and safety worth
✘
✘
✘
✘
✘
✔
Charges for eradicating liquidity (from $0.0008/share to $0.004/share relying on trade and safety worth
✘
✔
After-hours buying and selling in U.S. markets
($0.005 per share)
✔
Charges for eradicating liquidity (from $0.0008/share to $0.004/share relying on trade and safety worth)
✘
✔
Charges for eradicating liquidity (from $0.0008/share to $0.004/share relying on trade and safety worth)
Variety of commission-free ETFs
80
No free ETFs
No free ETFs
All ETFs are free for buys solely
All ETFs are free
No free ETFs
No free ETFs
All ETFs are free
105
All ETFs are free for buys solely
No free ETFs
103
TD ETFs solely and have to be traded suing TD EasyTrade
cell app
Restricted providing,
no clear record
Restricted providing,
no clear record
Fee charged when shopping for an ETF
✔
ETFs not on exempt record
✔
✔
✘
✘
✔
✔
✘
✔
ETFs not on exempt record
✘
✔
✔
ETFs not on exempt record
✔
Non-TD ETFs
✘
WARNING:
Wealthsimple determines which ETFs could be traded
✔
ETFs not on accredited record
Fee charged when promoting an ETF
✔
ETFs not on exempt record
✔
✔
✔
✘
✔
✔
✘
✔ Identical guidelines as buys and no day-trading
✔
Common commissions on promote orders
✔
✔
ETFs not on exempt record
✔
Non-TD ETFs
✘
Identical points as above
✔
ETFs not on accredited record
The essential choices buying and selling commissions charged and product restrictions
$9.95 base price, $1.25 per contract
$1 per contract (minimal $10)
$6.95 + $1.25 per contract
$7.99 + $1.25 per contract
$1.25 per contract (minimal $8.75)
$6.88 + $1.25 per contract
$9.95 + $1.25 per contract
$0 + $1.25 per contract (minimal $6.25)
$8.75 + $1.25 per contract
$9.95 ticket + $1.25 per contract.
$9.95 + $1.25 per contract
$9.99 + $1.25 per contract
$9.99 + $1.25 per contract
Choices buying and selling not accessible
$1.25 per contract (minimal $1.50)
Entry to bonds and/or GICs on-line
Each
✘
Each
Bonds
Bonds
Bonds
Bonds
Bonds
Each
✘
Each
Each
Each
✘
✘
Non-financial extras accessible to lively traders
Enhanced buying and selling platform,
precedence help, enhanced knowledge and analysis,
higher margin charges, plus different charges, entry to BMO personal banking advantages, and
unique IPO allocation
✘
Stage 2 quotes, analysis and instruments, and decrease commissions
A number of buying and selling platforms accessible for a price
Market Q platform with built-in portfolio and buying and selling ticket, streaming knowledge and decrease commissions
Preferential rates of interest on margin balances
✘
Higher knowledge amd higher buying and selling platform for a lowered pricing primarily based on month-to-month buying and selling quantity
Decrease commissions, charges, margin charges and debit rates of interest for margin accounts, and a devoted cellphone quantity
Enhanced service and buying and selling platform
Precedence service, enhanced knowledge and analysis instruments, and most well-liked margin charges and account charges
FlightDesk platform, decrease commissions, further fairness analysis and precedence service
Depth of knowledge, entry to devoted service group and most well-liked margin charges
Shoppers can comply with buy real-time quotes on a month-to-month foundation
✘
Annual charges for registered and non-registered accounts
Registered
$100
Non-registered
$100
Registered
$125
Non-registered
$0
Registered
$100
Non-registered
$100
Registered
$0
Non-registered
$100
Registered
$0
Non-registered
$0
Registered
$0
Non-registered
$0
Registered
$100
Non-registered
$120
$100 divided between all accounts
Registered
$ 100
Non-registered
$ 100
✘ No annual charges
✘ No annual charges
Registered
$100
Non-registered
$100
✘ No annual charges
✘ No annual charges
Registered
$0
Non-registered
$0
The minimal required to keep away from an annual price
Registered $25,000
Non-registered $15,000
✘
Registered $25,000
Non-registered $10,000
$5,000 throughout all accounts, no charges for purchasers 26 or youthful
Registered $15,000
Non-registered $15,000 or 125 accomplished commerce per yr
✘ No annual charges
2 accomplished trades in 6 months
OR
$25,000 registered accounts OR $15,000 for non-registered
$20,000
throughout all accounts
OR
25,000 throughout all accounts
OR
younger investor
OR
recurring $100 contribution monthly
OR
minimal trades monthly
✘ No annual charges, however there’s a $1,000 minimal required when opening an account
$15,000
throughout all accounts
OR
Three accomplished trades per quarter
OR
quarterly deposits > $300
and
banking relationships
Traders
✘ No annual charges
✘ No annual charges
USD$100,000
Inactivity price, price and find out how to keep away from it
✔ $25/quarter
waived if with >$15,000 in account belongings OR 2 executed trades over 6 months in non-registered accounts
✔ $20/month
✘ no Inactivity Charge
✔ $24.95/quarter
waived $5,000 throughout all accounts, no charges for purchasers aged 26 or youthful
✔ $30/quarter
waived if >$15,000 in account belongings OR 6 executed trades over previous 12 months OR a registered account
✔ $25/quarter waived if mixed belongings of >=$25,000 CAD throughout all HSID accounts OR account has been opened for
✘ No inactivity price
✘ No inactivity price
✘ No inactivity price
✘ No inactivity price
✘ No inactivity price
✔ $25/quarter if non-registered
✔ $25/quarter
waived if with >$15,000 family belongings OR Three trades over Three months OR new account OR GoalsAssist account
✘ No inactivity price
✔ $10/month minus USD fee cash generated OR $Three base for traders >25 years outdated AND waived if > $100,000 USD account measurement
Skill to carry U.S. {dollars} in registered accounts to keep away from FX charges for trades
✔
✘
✔
✔
✔
✘
✘
✔
✔
✔
✔
✔
✔
✘
✘
Desktop and/or cell system entry to analysts buy-and-sell suggestions
✔ each
✘
✔ TipRank instrument
✔ desktop solely
✔ each
✘
✘
✘
✔ desktop solely
✔ TipRank instrument by way of desktop and QuestMobile
✔
✔
✔ On each Webbroker and cell app
✘
✔
Buying and selling, account and/or market alerts by way of desktop and/or cell
✔
✘
✔ Shares, market, watchlists and analysts score
✔
✔
✔
✔ market solely cell solely
✔
✔ desktop solely
✔
✔ By way of e-mail
✔ Inventory and ETF worth alerts; Watchlists; Technical
✔ Worth and quantity alerts by way of e-mail and cell app, and information, scores, indicators and occasions by way of e-mail solely
✔ Inventory and ETF worth alerts
✔
Entry to instructional tutorials or how-to movies by way of desktop and/or cell system
✔
✘
✔
✘
✔
✔
✘
✔
✔ desktop solely
✔ Tutorials on all platforms
✔ How-to movies and demos
✔ How-to movies
✔ On each Webbroker and cell app
✘
✔ How-to movies
Cell-based entry to market quotes or account balances with out logging in
✘
✘
No cell providing
✔ Quotes
✘
✔ Quotes
✘
No cell providing
✘
No cell providing
✘
✘
✘
✘
✘
✘
✘
✘
Entry to human chat companies
Monday by way of Friday, Eight a.m. to five p.m. (EST)
✘
Monday by way of Friday, Eight a.m. to six p.m. (EST)
Monday by way of Friday,
market hours
✘
Monday by way of Friday
9 a.m. to five p.m. (EST)
✘
✘
Monday by way of Friday,
11 a.m. to five p.m. (EST)
Monday by way of Friday, 7:30 a.m. to eight p.m. (EST)
✘
Monday by way of Friday, 9:30 a.m. to five p.m.
✘
✘
Monday by way of Friday, 24 hours;
Sunday, 1 p.m. to 7 p.m. (EST), U.S.-based
Wait instances for inquiries
37 hours
(79 in 2021)
50 hours
(10 in 2021)
31 hours
(107 in 2021)
7 hours
(90 in 2021)
28 hours
(97 in 2021)
81 hours
(80 in 2021)
29 hours
(48 in 2021)
118 hours
(38 in 2021)
5 hours
(10 in 2021)
21 hours
(Three in 2021)
7 hours
(35 in 2021)
37 hours
(94 in 2021)
26 hours
(53 in 2021)
16 hours
(74 in 2021)
20 hours
(48 in 2021)
Learn extra: Try the critiques from Surviscor
BMO InvestorLine Evaluation
Canaccord Genuity Direct Evaluation
CIBC Investor’s Edge Evaluation
CI Direct Buying and selling Evaluation
Desjardins On-line Brokerage Evaluation
HSBC InvestDirect Evaluation
Laurentian Financial institution Low cost Brokerage Evaluation
Nationwide Financial institution Direct Brokerage Evaluation
Qtrade Direct Investing Evaluation
Questrade Evaluation
RBC Direct Investing Evaluation
Scotia iTRADE Evaluation
TD Direct Investing Evaluation
Wealthsimple Commerce Evaluation
Interactive Brokers Evaluation