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Online Brokers
| Name | Commission Regular/Active |
Active With Trades/Month |
Inactivity Fee Per Quarter |
|---|---|---|---|
| Questrade | $4.95 / - | ||
| Credential Direct | $19.99 / $9.95 | 25 trades/mo | |
| E*Trade | $19.99 / $9.99 | 30 trades/mo | $25.00 |
| QTrade | $19.99 / $9.99+ | 30 trades/mo | |
| BMO Investorline | $25.00 / $9.95 | 30 trades/mo | $15.00 |
| CIBC Investor's Edge | $25.00 / $9.95+ | 30 trades/mo | |
| Royal Bank Direct | $28.95 / $9.95+ | 30 trades/mo | |
| TD Waterhouse | $29.00 / $9.99 | 30 trades/mo | $15.00 |
Legend: Minimum commissions are listed for regular traders and active traders. Active traders typically qualify by having 30 trades per month for the previous 3 months. Regular commissions increase for large trades; active commissions are flat fees for some brokers, and increasing amounts for others (indicated by a + sign). Inactivity fees are per quarter on accounts that haven't had any trades for the previous 6 months.
If you want to invest in stocks, an online broker lets you take full control while getting low fees. With access to stocks, mutual funds, and more in the canadian and US markets you can choose where to put your money. If you trade stocks frequently (typically around 30 times per month), you can get a lower commission. Most users will pay a higher amount, but it's still less than going through an actual person to make trades. With registered accounts available, the control you get with these services can extend to your retirement savings too.