| overall rating |
|
|
| overall pros |
- Low stock and ETF fees
- Solid research tools
- Superb customer service
|
- Some ETFs and mutual funds are free to trade
- Easy account opening
- Great mobile trading platform
|
| overall cons |
- Slow account opening for non-Canadians
- High withdrawal fee for non-Canadians
- Limited account base currencies
|
- Only the US market covered
- Basic research tools
- High financing rates (margin rates)
|
|
fees
|
- Low non-trading fees
- Low stock and ETF fees
- Low fund fees
- High CFD fees
- High margin rates
|
- No inactivity fee
- Free ETF trading
- Some mutual funds and bonds are free to trade
- High margin rates
- High fees for non-free mutual funds
|
|
account opening
|
- Fast
- Fully digital
- User-friendly
- Minimum deposit is higher than $500
- Complicated for non-Canadians
|
- Fully digital
- No minimum deposit
- Low minimum deposit
- Slow account opening time
|
|
deposit and withdrawal
|
- Free withdrawal
- No deposit fee
- User-friendly
- Credit/Debit card not available
- Slow withdrawal - over 3 days
- High fee for wire withdrawals
|
- No deposit fee
- User-friendly
- Free withdrawal (via ACH)
- Credit/Debit card not available
- $10 for wire transfer withdrawals
|
|
web trading platform
|
- User-friendly
- Good variety of order types
- Price alerts
- No clear fee report available
- Limited customizability (for charts, workspace)
|
- Clear fee report
- Two-step (safer) login
- Price alerts
- Limited customizability (for charts, workspace)
- Some features are hard to find
|
|
mobile trading platform
|
- User-friendly
- Two-step (safer) login
- Good variety of order types
|
- User-friendly
- Two-step (safer) login
- Good search function
- No price alerts
- Options and bond trading are not available
|
|
desktop trading platform
|
- User-friendly
- Good customizability (for charts, workspace)
- Good variety of order types
- No clear fee report available
|
|
|
markets and products
|
- Stock
- ETF
- Forex
- Fund
- Bond
- Options
- CFD
|
- Stock
- ETF
- Fund
- Bond
- Options
|
|
research
|
- Good interactive chart
- Trading ideas
- Data on asset fundamentals
- Live data only available for paid subscription
|
- Trading ideas
- Data on asset fundamentals
- User-friendly
- Limited interactive charting
- Limited set of research tools
|
|
customer service
|
- Phone support
- Live chat
- Fast response time
|
- Phone support
- Fast response time
- Relevant answers
- No live chat
- No 24/7 support
|
|
education
|
- Demo account
- Trading platform tutorial
- Educational videos
- Educational section is hard to navigate
|
- Educational videos
- Good educational tools
- No demo account
- No trading platform tutorial videos
|
|
safety
|
- 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
|
- Majority of clients belong to a top-tier financial authority
- High level of investor protection
- No negative balance protection
- Does not hold a banking license
- Not listed on stock exchange
|
| recommended for |
Traders and investors focusing on the Canadian and US markets
|
Long-term investors who are looking for great ETF and mutual fund offers
|
