|
2023 comparability 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 |
|
Minimal greenback quantity to open an account |
✘ |
✘ |
✘ |
✘ |
✘ |
✘ |
✘ |
✘ |
✘ |
✔
$1,000 |
✘ |
✘ |
✘ |
✘ |
✘ |
|
Commonplace Inventory Buying and selling commissions for common buyers |
$9.95 |
$9.99 |
$6.95 |
$0.01 per share (min. $1.99/max. $7.99) |
$0 |
$6.88 |
$9.95 |
$0 |
$8.75 |
$0.01 per share (min. $4.95/max. $9.95) |
$9.95 |
$9.99 |
$9.99 |
$0, not all shares and ETFs can be found |
$0.01 per share (max 0.5% of worth/min. $1) and U.S. $0.005 per share (min. $1/max. 1% of worth) |
|
ECN charge on high of the common fee |
✔ |
✔ |
✔ |
✔
After-hours U.S. markets |
✘ |
✘ |
✘ |
✘ |
✘ |
✔ |
✘ |
✔
After-hours U.S. markets |
✔ |
✘ |
✔ |
|
Fee charges for greater than 150 trades per quarter |
✘ |
✘ |
✔
$4.95 |
✔
$3.99 |
✘ |
✔
$4.88 |
✘ |
✘ |
✔
$6.95 |
✔
$0.01 per share (max. $6.95) |
✔
$6.95 |
✔
$4.99 |
✔
$7 |
✘ |
✘ |
|
Fee charges for college kids or younger adults |
✘ |
✘ |
✔
$0 below 25 with banking (or $5.95 college students older than 25) |
✘ |
✘ |
✘ |
✘ |
✘ |
✔
$7.75 (certified 18-30 buyers) |
✘ |
✘ |
✘ |
✘ |
✘ |
✘ |
|
$0 fee ETFs |
✔
80 |
✘ |
✘ |
✔
all-buys solely |
✔
all |
✘ |
✘ |
✔
all |
✔
100 excluding day buying and selling |
✔
all-buys solely |
✘ |
✔
103 |
✔
Solely ETFs with TD EasyTrade |
✔
Restricted Not all accessible |
✔
Restricted, no clear record |
|
Fundamental choices buying and selling commissions |
$9.95 + $1.25 per contract |
$1.00 per contract (min. $10) |
$6.95 + $1.25 per contract |
$7.99 + $1.25 per contract |
$1.25 per contract
(min. $8.75) |
$6.88 + $1.25 per contract |
$9.95 + $1.25 per contract |
$0 + $1.25 per contract
(min. $6.25) |
$8.75 + $1.25 per contract |
$9.95 + $1.25 per contract |
$9.95 + $1.25 per contract |
$9.99 + $1.25 per contract |
$9.99 + $1.25 per contract |
USD$2 per transaction/U.S. choices solely |
$1.25 per contract (min. $1.50) |
|
Annual charges for non-registered accounts |
✔
$100 |
✘ |
✔
$100 |
✔
$100 |
✘ |
✘ |
✔
$120 |
✔
$100 divided throughout all accounts |
✔
$100 |
✘ |
✘ |
✔
$100 |
✘ |
✘ |
✘ |
|
Annual charge for registered account |
✔
$100 |
✔
$125 |
✔
$100 |
✘ |
✘ |
✘ |
✔
$100 |
✔
$100 divided throughout all accounts |
✔
$100 |
✘ |
✘ |
✔
$100 |
✘ |
✘ |
✘ |
|
Min. account measurement required to keep away from annual charge |
$25,000 registered/ $15,000 non-registered |
✘ |
$25,000 registered/$10,000 non-registered |
$5,000 throughout all accounts/no charges for purchasers 26 or youthful. |
$15,000 registered/$15,000 non-registered, or 125 accomplished trades per yr |
✘ |
2 accomplished trades in 6 months, or$15,000 non-registered, or $25,000 registered accounts |
$20,000 throughout all accounts, or youthful than 30, or enrolled skilled, or maintain InvestCube account |
$25,000 throughout all accounts, or younger investor, or $100 month-to-month $100 contribution, or minimal trades monthly |
✘
$1,000 minimal account opening requirement |
$15,000 throughout all accounts, or 3 accomplished trades per quarter, or $300+ quarterly deposits and banking relationships |
Buyers < 26 years outdated
ORRegistered $25,000 or 12 accomplished trades per yr OR Non-Registered$10,000 or 1 accomplished commerce per quarter |
✘ |
✘ |
✘ |
|
Inactivity charge |
✔
$25 per quarter |
✔
$20 monthly |
✘ |
✔
$24.95 per quarter |
✔
$30 monthly |
✔
$25 per quarter |
✘ |
✘ |
✘ |
✘ |
✘ |
✔
$25 per quarter in non-registered accounts |
✔
$25 per quarter |
✘ |
✔
$10 monthly minus USD commissions |
|
Methods to keep away from inactivity charge |
>$15,000 in account property,
or 2 executed trades over 6 months in non-registered accounts |
✘ |
✘ |
✔
Place one $1.99 commerce per quarter, or be youthful than 26 |
✔
>$15,000 in account property, or 6 executed trades over previous 12 months, or a registered account |
✔
Mixed property of >=$25,000 CAD all accounts, or opened account for < 90 days, or Jade buyer, or 3 executed over previous quarter |
✘ |
✘ |
✘ |
✘ |
✘ |
✔
<$10,000, or 1 executed commerce over 3 months, or new account, or youthful than 25 |
✔
>$15,000 family property, or 3 trades over 3 months, or new account, or TD Straightforward Commerce accounts |
No charge |
✔
$3 for youthful than 25, or > USD$100,000 account |
|
Non-customer anticipate digital service enquiry |
44 hours
(37 in 2022) |
11 hours
(50 in 2022) |
80 hours
(31 in 2022) |
26 hours
(7 in 2022) |
43 hours
(28 in 2022) |
43 hours
(81 in 2022) |
23 hours
(29 in 2022) |
113 hours
(118 in 2022) |
5 hours
(5 in 2022) |
13 hours
(21 in 2022) |
13 hours
(7 in 2022) |
59 hours
(37 in 2022) |
16 hours
(26 in 2022) |
25 hours
(16 in 2022) |
12 hours
(20 in 2022) |
|
Click on for extra info |
BMO InvestorLine Evaluate |
Canaccord Genuity Direct Evaluate |
CIBC Investor’s Edge Evaluate |
CI Direct Buying and selling Evaluate |
Desjardins On-line Brokerage Evaluate |
HSBC InvestDirect Evaluate |
Laurentian Financial institution Low cost Brokerage Evaluate |
Nationwide Financial institution Direct Brokerage Evaluate |
Qtrade Direct Investing Evaluate |
Questrade Evaluate |
RBC Direct Investing Evaluate |
Scotia iTRADE Evaluate |
TD Direct Investing Evaluate |
Wealthsimple Commerce Evaluate |
Interactive Brokers Evaluate |
