Canadian discount brokerages - MoneySense

Canadian discount brokerages

Want to manage investments on your own? Start by checking out these discount brokerages that offer accounts for Canadians.


If you’re getting frustrated by the investment offerings of your bank or you’re sick of buying investments through your financial planner, it may be time to take the plunge and set up your own discount brokerage account. You’ll be able to eliminate the middleman and make the trades you want when you want.

Here’s a round up of Canada’s discount brokerages. While researching the companies, make sure to find one that has fees that are appropriate to your trading frequency. Some offer reduced fees for heavy traders or people with large accounts.

BMO InvestorLine

CIBC Investor’s Edge

Credential Direct


HSBC InvestDirect

Interactive Brokers

National Bank Direct Brokerage


Qtrade Investor

RBC Direct Investing

Scotia iTRADE

ScotiaMcLeod Direct Investing

TD Waterhouse