Best Stock Brokers in Canada
Discover 10 deals available this month.
1.Qtrade Direct Investing
Qtrade Direct Investing is a Canadian-owned online broker offering a user-friendly platform with strong research tools and no inactivity fees. It supports a broad range of account types including RRSP, TFSA, cash, margin, and RESP.
View Deal →Qtrade stands out as a versatile choice for investors seeking comprehensive account options and robust research capabilities without worrying about inactivity fees.
Pros:
- No inactivity fees
- Strong research tools
- Supports multiple account types (RRSP, TFSA, cash, margin, RESP)
- User-friendly platform
Cons:
- Not the lowest cost option compared to discount brokers
- No specific mention of commission pricing or promotions
2.TD Direct Investing
TD Direct Investing is a big-bank Canadian broker offering one of the most advanced desktop trading platforms and broad product selections, with strong research and seamless TD banking integration. However, its trading fees are higher than those at most discount brokers.
View Deal →Active investors who value sophisticated tools and direct integration with their bank accounts will find TD Direct Investing a solid choice, despite its premium pricing. The platform’s advanced features cater well to users seeking a comprehensive trading experience within a major bank ecosystem.
Pros:
- One of the most advanced desktop trading platforms in Canada
- Wide range of investment products available
- Strong research tools to support informed decisions
- Seamless integration with TD banking accounts
Cons:
- Trading fees are higher compared to most discount brokers
- Less cost-efficient for frequent traders seeking low commissions
- May be less attractive for beginner investors due to fee structure
3.Questrade
Questrade is an independent Canadian discount broker offering low trading commissions and good access to ETFs through a solid desktop and mobile platform. It caters to both long-term investors and active traders with competitive pricing.
View Deal →Active traders and long-term investors alike will find Questrade’s blend of low fees and reliable trading platforms a strong choice in Canada’s brokerage landscape.
Pros:
- Low trading commissions compared to many competitors
- Good selection of ETFs available for trading
- Robust desktop and mobile trading platforms suitable for various investor types
Cons:
- Not bank-owned, so lacks integrated banking features
- May have fewer advanced research tools than some full-service brokers
- No mention of commission-free trades on stocks like some newer platforms
4.National Bank Direct Brokerage (NBDB)
National Bank Direct Brokerage offers $0 commissions on many stock and ETF trades, appealing to cost-conscious investors who prefer a bank-owned platform. It provides access to a broad range of registered accounts like RRSPs and TFSAs.
View Deal →Cost-conscious investors will appreciate NBDB’s zero-commission trades combined with the security of a major Canadian bank backing. While it keeps trading expenses low, the platform may lack some advanced features found at competitors.
Pros:
- $0 commissions on many stock and ETF trades
- Backed by a major Canadian bank, providing reliability
- Supports a variety of registered accounts including RRSPs and TFSAs
Cons:
- May have fewer advanced trading tools compared to specialized brokers
- Limited platform features relative to some independent discount brokers
- Not the best fit for highly active or professional traders seeking advanced options
5.Wealthsimple Trade
Wealthsimple Trade is a Canadian app-based platform offering commission-free trading on many Canadian and U.S. stocks and ETFs. It features an easy-to-use interface tailored for new and mobile-first investors.
View Deal →Perfect for beginners and mobile investors, Wealthsimple Trade simplifies investing by eliminating commissions on many stocks and ETFs. Its app-focused design makes it a handy choice for those prioritizing ease and accessibility.
Pros:
- Commission-free trading on many Canadian and U.S. stocks and ETFs
- User-friendly, mobile-first app interface
- No account minimums or inactivity fees
Cons:
- Limited advanced research and trading tools compared to full-service brokers
- Not ideal for active or professional traders needing complex platforms
- Fewer account types and features than some competitors
6.BMO InvestorLine
BMO InvestorLine is Bank of Montreal’s full-service online brokerage offering robust research and planning tools with a wide selection of account types. It is designed for buy-and-hold investors who prefer a big-bank ecosystem.
View Deal →Buy-and-hold investors who value comprehensive tools and a trusted banking relationship will find BMO InvestorLine a reliable choice. While it offers strong research and account variety, it leans more toward traditional investors than active traders.
Pros:
- Robust research and planning tools
- Wide selection of account types including RRSP, TFSA, and margin
- Integration within the Bank of Montreal ecosystem
Cons:
- Not tailored for active traders needing advanced platforms
- No mention of low or zero commission trades
- Potentially higher fees compared to discount brokers
7.RBC Direct Investing
RBC Direct Investing is Royal Bank’s self-directed brokerage offering strong research tools and extensive access to mutual funds and ETFs. It provides seamless integration with RBC banking for easy all-in-one account management.
View Deal →Investors connected to RBC will find the convenience of integrated banking and investing hard to beat, alongside solid research and a broad product offering. It's a reliable choice for those wanting streamlined management within a major Canadian bank ecosystem.
Pros:
- Tight integration with RBC banking for convenient all-in-one financial management
- Strong research tools to support informed investment decisions
- Extensive selection of mutual funds and ETFs available
Cons:
- Trading fees tend to be higher compared to discount brokers
- Less competitive for active traders seeking lower commissions
- Platform may be less intuitive than some dedicated discount broker apps
8.Scotia iTRADE
Scotia iTRADE is Scotiabank’s online brokerage offering educational resources, research tools, and a variety of investment products. It suits investors who prefer managing their accounts through a single Scotiabank login.
View Deal →Investors looking for convenience and solid educational support will find Scotia iTRADE a practical choice within the Scotiabank ecosystem. It blends a broad product selection with integrated account management under one login.
Pros:
- Access to good educational resources for investors
- Robust research tools to support trading decisions
- Diverse investment product offerings
- Single login integration with Scotiabank banking accounts
Cons:
- No mention of commission-free trading or low fees
- May not offer as advanced trading platforms as some competitors
- Lacks standout pricing incentives compared to discount brokers
9.CIBC Investor’s Edge
CIBC Investor’s Edge is a discount brokerage from CIBC offering relatively low commissions among big banks, standard research tools, and access to registered accounts like RRSPs and TFSAs. It provides a cost-effective option for investors seeking bank-owned platforms with essential features.
View Deal →CIBC Investor’s Edge delivers competitive commissions for a big-bank broker, making it a practical choice for investors wanting low-cost trading with reliable bank integration.
Pros:
- Relatively low commissions compared to other big-bank brokers
- Access to registered accounts such as RRSPs and TFSAs
- Includes standard research tools to support investing decisions
Cons:
- Does not offer the most advanced trading platforms or tools
- Fewer account types and features compared to some independent brokers
- Less competitive pricing than independent discount brokers like Questrade
10.Interactive Brokers Canada
Interactive Brokers Canada offers extremely low fees and advanced trading platforms with direct access to both Canadian and international markets. It is tailored for experienced and active traders seeking broad market reach and cost efficiency.
View Deal →Active and professional investors will find Interactive Brokers Canada's low-cost structure and sophisticated platform ideal for diverse, global trading. Its powerful tools and market access stand out for those who trade frequently and want international exposure.
Pros:
- Extremely low trading fees compared to many competitors
- Advanced trading platforms suitable for experienced users
- Direct access to Canadian and international markets
Cons:
- Better suited for experienced or active traders, not beginners
- Platform complexity may be overwhelming for casual investors
- Limited mentions of beginner-friendly features or educational resources
Final Words
To find the best stock broker for your needs this January 2026, take time to compare features, fees, and platforms across top Canadian options like Qtrade, Questrade, and National Bank Direct Brokerage. You can explore current offers and promotions to ensure you get the most value and service tailored to your investing goals.
Frequently Asked Questions
Qtrade Direct Investing is ranked top overall due to its user-friendly platform, strong research tools, no inactivity fees, and support for a wide variety of account types including RRSP, TFSA, cash, margin, and RESP. It is also Canadian-owned, which appeals to investors seeking local brokerage options.
Qtrade Direct Investing offers a broad range of account types including RRSP, TFSA, cash, margin, and RESP accounts. This variety makes it suitable for different investment goals and tax preferences.
No, Qtrade Direct Investing does not charge inactivity fees, which can help investors avoid extra costs if they trade infrequently.
When choosing a Canadian stock broker, consider factors such as trading fees, platform usability, research tools, account types offered, and whether the broker integrates well with your existing banking services. Also, check if the broker is regulated and offers investor protection through CIPF.
Wealthsimple Trade offers commission-free trading on many Canadian and U.S. stocks and ETFs, making it a good choice for new or mobile-first investors. National Bank Direct Brokerage also offers $0 commissions on many stock and ETF trades.
Big-bank brokerages like TD Direct Investing and RBC Direct Investing provide strong research tools, wide product ranges, and seamless integration with their banking services. These features suit investors who prefer managing their banking and investing under one roof, though fees may be higher than discount brokers.
