Best online brokers in Canada — commissions compared

Indicative prices shown for information only — always verify on the provider's website before signing up.

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11 result(s)

Provider	Plan	Commission	Details	Contract
BN Courtage direct (BNCD)	Courtage direct $0 stocks & ETFs$0 mutual funds and GICsFirst bank-owned $0 broker in Canada ⚠ Options $1.25/contract (min $6.25) Price checked on 2026-10-19	0 $ per trade	CELI · REER · REEE · non-enreg. · analyses Morningstar	None	See offer
Disnat (Desjardins)	Disnat Classique $0 online stocks & ETFs$0 mutual fundsDesjardins brand ⚠ Options $1.25/contract (min $8.75) · $30/qtr inactivity fee waived (registered plan, $15k balance or 6 trades/yr) Price checked on 2026-10-19	0 $ per trade	CELI · REER · REEE · non-enreg.	None	See offer
Questrade	Compte autogéré $0 stocks & ETFsOptions ~$0.99/contractFractionals from $1 ⚠ Mutual funds $9.95/trade · no account fees Price checked on 2026-10-19	0 $ per trade	CELI · REER · REEE · CELIAPP · non-enreg. · USD gratuit	None	See offer
Wealthsimple	Investissement autogéré $0 stocks & ETFsFractional sharesBuilt-in crypto ⚠ ~1.5% USD conversion per trade — USD account optional Price checked on 2026-10-19	0 $ per trade	CELI · REER · CELIAPP · non-enreg. · fractions	None	See offer
Interactive Brokers	IBKR Among the lowest margin rates150+ global marketsAPI and pro tools ⚠ Volume-tiered pricing · low-markup currency conversion Price checked on 2026-10-19	1 $ per trade	~0,008 $/action (min ~1 $) · 150+ marchés mondiaux	None	See offer
CIBC	Investor's Edge Cheapest of the big banksStudent and active-trader discounts ⚠ Quarterly fee possible on small balances — waivers apply Price checked on 2026-10-19	6.95 $ per trade	CELI · REER · non-enreg.	None	See offer
Qtrade	Qtrade Direct Investing Well-rated customer serviceCommission-free mutual funds ⚠ Quarterly admin fee possible — waivers (balance, activity, age 18-30) Price checked on 2026-10-19	8.75 $ per trade	CELI · REER · non-enreg. · fonds communs sans frais	None	See offer
BMO	InvestorLine Select commission-free ETFsBMO account integration ⚠ Quarterly fee possible under threshold — waivers apply Price checked on 2026-10-19	9.95 $ per trade	CELI · REER · non-enreg. · ~80 FNB sans commission	None	See offer
RBC	Direct Investing $6.95 at 150+ trades/qtrRBC account integration ⚠ Quarterly fee possible under threshold — waivers apply Price checked on 2026-10-19	9.95 $ per trade	CELI · REER · non-enreg. · intégration RBC	None	See offer
TD	Direct Investing (WebBroker) WebBroker platformAdvanced research and tools ⚠ Quarterly fee possible under threshold — waivers apply Price checked on 2026-10-19	9.99 $ per trade	CELI · REER · non-enreg. · WebBroker	None	See offer
Scotiabank	iTRADE iTRADE toolsScotiabank account integration ⚠ Quarterly fee possible under threshold — waivers apply Price checked on 2026-10-19	9.99 $ per trade	CELI · REER · non-enreg. · iTRADE	None	See offer

Frequently asked questions

Is a $0-commission broker really free?+

For online stock and ETF trades, yes — Wealthsimple, Questrade, Disnat and NBDB charge $0 per trade. They earn elsewhere: currency conversion (~1-1.5%), margin interest, options (~$1-1.25/contract) and premium tiers. We surface those details in each listing.

TFSA, RRSP or non-registered account?+

All three exist at most brokers — they're tax wrappers, not products. A TFSA grows tax-free; an RRSP is deductible now but taxed on withdrawal. Which fits depends on your tax situation — a tax professional can advise.

Are my investments protected if the broker fails?+

Yes — CIRO-member Canadian brokers are covered by the Canadian Investor Protection Fund (CIPF): up to $1M per account category if the firm becomes insolvent. Your securities belong to you and aren't part of the broker's assets.