| overall rating |
|
|
| overall pros |
- Commission-free US stocks and ETFs
- Great trading platforms and research
- US and international stocks
|
- Low stock and ETF fees
- Solid research tools
- Superb customer service
|
| overall cons |
- High mutual fund fees and margin rates
- Slower account verification
- Slow live chat
|
- Slow account opening for non-Canadians
- High withdrawal fee for non-Canadians
- Limited account base currencies
|
|
fees
|
- Free stock and ETF trading
- Low bond fees
- No inactivity fee
- High fees for non-free mutual funds
- High margin fees
|
- Low non-trading fees
- Low stock and ETF fees
- Low fund fees
- High options fees
- High CFD fees
- High margin rates
|
|
account opening
|
- No minimum deposit
- User-friendly
- Many account types
- Slower account verification
- Not fully digital in some cases
|
- Fast
- Fully digital
- User-friendly
- Minimum deposit is higher than $500
- Complicated for non-Canadians
|
|
deposit and withdrawal
|
- Free withdrawal
- No deposit fee
- Several account base currencies
- Credit/Debit card not available
|
- Free withdrawal
- No deposit fee
- User-friendly
- Credit/Debit card not available
- Slow withdrawal - over 3 days
- High fee for wire withdrawals
|
|
web trading platform
|
- User-friendly
- Clear fee report
- Two-step (safer) login
- Limited customizability (for charts, workspace)
|
- User-friendly
- Good variety of order types
- Price alerts
- No clear fee report available
- Limited customizability (for charts, workspace)
|
|
mobile trading platform
|
- User-friendly
- Good search function
- Good variety of order types
- No two-step (safer) login
|
- User-friendly
- Two-step (safer) login
- Good variety of order types
|
|
desktop trading platform
|
- Clear fee report
- Good customizability (for charts, workspace)
- Good variety of order types
- No two-step (safer) login
- Loads bit slowly
|
- User-friendly
- Good customizability (for charts, workspace)
- Good variety of order types
- No clear fee report available
|
|
markets and products
|
- Stock
- ETF
- Fund
- Bond
- Options
- Robo-advisory
|
- Stock
- ETF
- Forex
- Fund
- Bond
- Options
- CFD
|
|
research
|
- Good interactive chart
- Trading ideas
- Data on asset fundamentals
- News flow quality could be better
|
- Good interactive chart
- Trading ideas
- Data on asset fundamentals
- Live data only available for paid subscription
|
|
customer service
|
- Phone support
- Live chat
- Fast response time
- No 24/7 support
- Slow live chat
|
- Phone support
- Live chat
- Fast response time
|
|
education
|
- Trading platform tutorial
- Educational videos
- Good production quality
- Demo account is only for desktop
|
- Demo account
- Trading platform tutorial
- Educational videos
- Educational section is hard to navigate
|
|
safety
|
- Majority of clients belong to a top-tier financial authority
- High level of investor protection
- Additional coverage by Fidelity
- No negative balance protection
- Does not hold a banking license
- Not listed on stock exchange
|
- Majority of clients belong to a top-tier financial authority
- High level of investor protection
- CAD 10 million per account additional insurance
- No negative balance protection
- Does not hold a banking license
- Not listed on stock exchange
|
| recommended for |
Investors and traders looking for solid research and great trading platforms
|
Traders and investors focusing on the Canadian and US markets
|
