Best Online Brokers in Canada
Discover 6 deals available this month.
1.Questrade
Questrade offers $0 commissions on Canadian and U.S. stocks and ETFs, with no account fees and access to fractional shares. It also supports the full range of registered accounts for Canadian investors.
View Deal →Questrade stands out as a versatile broker combining zero-commission trades with a comprehensive account lineup and fractional share investing. It’s a solid choice for both new and experienced Canadian investors seeking cost efficiency and flexibility.
Pros:
- $0 commissions on Canadian and U.S. stocks and ETFs
- No account fees charged
- Supports fractional shares
- Full range of registered accounts available
Cons:
- No mention of an advanced trading platform for active traders
- Limited information on research tools compared to some competitors
- May not be the best option for mobile-first users
2.Wealthsimple Trade
Wealthsimple Trade is a Canadian mobile-first broker offering $0 commissions on stocks and ETFs. It features a simple platform designed for everyday investors.
View Deal →Ideal for investors seeking a straightforward, no-commission mobile trading experience in Canada, Wealthsimple Trade makes stock and ETF investing accessible with minimal fuss.
Pros:
- $0 commissions on Canadian and U.S. stocks and ETFs
- Mobile-first platform that is easy to use
- Appeals broadly to everyday investors
Cons:
- Limited advanced trading tools and features
- Primarily mobile-only, which may not suit desktop-focused users
- Fewer account types and registration options compared to some competitors
3.Qtrade Direct Investing
Qtrade Direct Investing offers $0 commissions on stocks and ETFs in 2026 with a well-regarded trading platform and strong research tools. It supports a range of account types for Canadian investors.
View Deal →Investors seeking a reliable Canadian broker with zero commissions and robust research resources will find Qtrade Direct Investing a solid choice. It combines no-fee trading with a user-friendly platform to support informed decisions.
Pros:
- $0 commissions on Canadian and U.S. stocks and ETFs
- Strong research tools available on the platform
- Well-regarded trading platform with good usability
Cons:
- No mention of fractional shares support
- Less mobile-focused compared to some competitors
- Fewer promotional deals or incentives noted
4.National Bank Direct Brokerage
National Bank Direct Brokerage offers $0 commissions on stocks and ETFs in Canada and is backed by a major Canadian bank. It is designed for self-directed investors seeking commission-free trading.
View Deal →Self-directed investors will find National Bank Direct Brokerage appealing due to its zero-commission structure and the security of a major Canadian bank backing. It provides a straightforward option for cost-conscious traders.
Pros:
- $0 commissions on Canadian stocks and ETFs
- Backed by a reputable major Canadian bank
- Suitable for self-directed investing
Cons:
- Limited information on platform features and tools
- May lack advanced trading options for active traders
- No mention of fractional share trading availability
5.Desjardins Online Brokerage
Desjardins Online Brokerage is a Canadian discount broker offering $0 commissions on stocks and ETFs, integrated with Desjardins banking services. It provides a seamless experience for clients already using Desjardins financial products.
View Deal →Investors who value easy integration with their banking services will find Desjardins Online Brokerage a convenient choice with no commission fees on stocks and ETFs. Its seamless connection to Desjardins accounts sets it apart from other discount brokers.
Pros:
- No commissions on Canadian stocks and ETFs
- Integrated with Desjardins banking services for streamlined account management
- Available to Canadian investors as a discount brokerage
Cons:
- Limited information on advanced trading tools or platform features
- May not offer fractional shares unlike some competitors
- Less focused on active or advanced traders compared to specialized brokers
6.Interactive Brokers Canada
Interactive Brokers Canada offers very low per-share pricing, often effectively near-free for retail-sized trades, making it suitable for active and advanced traders. It caters to Canadian investors seeking cost-efficient trading options.
View Deal →Active and experienced traders will find Interactive Brokers Canada’s low per-share pricing hard to beat, especially when placing retail-sized trades. Its cost structure and advanced features position it as a smart choice for frequent traders.
Pros:
- Extremely low per-share pricing
- Near-free trading for retail-sized orders
- Tailored for active and advanced traders
Cons:
- May be complex for beginners
- Less suitable for casual or infrequent investors
- Pricing benefits mostly apply to retail-sized trades
Did you know?
Automated deposits into a diversified fund beat trying to time the market. Start with an amount you can sustain every month.
Final Words
To find the best online broker for your needs this August 2026 in Canada, take time to compare platforms, fees, and features carefully. You can explore current offers to secure the most cost-effective and convenient service for your investing goals.
Frequently Asked Questions
Questrade stands out as a strong all-rounder with $0 commissions on Canadian and U.S. stocks and ETFs, no account fees, access to fractional shares, and support for the full range of registered accounts. This combination makes it appealing for a wide variety of Canadian investors.
No, Questrade offers $0 commissions on Canadian and U.S. stocks and ETFs and does not charge account fees, making it cost-effective for investors.
Yes, Questrade supports fractional shares, allowing investors to buy portions of stocks, which can help with portfolio diversification and investing smaller amounts.
Questrade supports the full registered account lineup for Canadian investors, including various tax-advantaged accounts, making it suitable for different investment goals.
Yes, several other brokers like Wealthsimple Trade, Qtrade Direct Investing, National Bank Direct Brokerage, and Desjardins Online Brokerage also offer $0 commissions on stocks and ETFs in 2026.
Interactive Brokers Canada is the best choice for active and advanced traders due to its very low per-share pricing, which is often effectively near-free for retail-sized trades.
Look for brokers that offer $0 commissions on stocks and ETFs, user-friendly platforms, and features like fractional shares and strong research tools. Consider your trading style, account types needed, and whether you prefer mobile-first or comprehensive desktop platforms.
