Leading Canadian Investment Platforms
Leading Canadian investment platforms
When we talk about investment platforms, most people think of online discount brokerages. These are companies that let you buy-and-sell stocks and ETFs via a website or mobile app. They also offer tools like planning calculators and analysis to help you set and track financial goals.
Leading Canadian investment platforms is one of the best online brokers for Canada, thanks to its low commission fees and easy-to-use trading platform. It offers a wide range of account types, including RRSP and TFSA accounts. It’s also a member of the Canadian Investor Protection Fund, so your money is protected up to certain limits.
Qtrade is another leading Canadian digital broker with a solid suite of trading tools and research. It’s also a member of CIPF, and it offers several ways to deposit funds into your account — including online bill payment, debit card or a wire transfer. Its customer support is available by phone or email.
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National Bank Direct Brokerage shook the industry in 2021 by becoming the first of Canada’s big bank-owned brokers to offer commission-free trades on ETFs and stock purchases. That, plus a zippy, pleasant-to-use website and access to analyst research, has earned NBDB our top spot for this year’s Canadian trading platform rankings.
BMO InvestorLine is another big-bank option. Its commission fees are among the lowest in Canada, but its lack of US-dollar trading and hefty account-fee penalties prevent it from challenging for our number-one spot.
