Best Commission Free Brokers
Discover 5 deals available this month.
1.Wealthsimple Trade
Wealthsimple Trade offers commission-free trading for stocks, ETFs, and crypto with no account or inactivity fees. It features a user-friendly mobile app suitable for beginners.
View Deal →Casual investors and beginners will find Wealthsimple Trade appealing for its straightforward, fee-free structure and easy-to-use app that covers stocks, ETFs, and cryptocurrencies.
Pros:
- No commissions on stocks, ETFs, and crypto trades
- No account or inactivity fees
- Intuitive mobile app designed for simplicity
Cons:
- Limited advanced trading features compared to other brokers
- Potential fees on foreign exchange or SEC for U.S. trades may apply
- Less suitable for high-frequency or professional traders
2.Questrade
Questrade offers $0 commissions on all stock and ETF trades with no annual or inactivity fees, making it a low-cost trading option. It is suitable for investors seeking to minimize trading expenses.
View Deal →Questrade stands out for cost-conscious traders who want to avoid commissions and maintenance fees while accessing stock and ETF markets. Its fee structure supports frequent trading without extra charges.
Pros:
- No commissions on stock and ETF trades
- No annual account fees
- No inactivity fees
Cons:
- Foreign exchange fees may apply on U.S. trades
- No mention of commission-free crypto trading
- Potential additional fees like SEC or ECN fees not waived
3.Qtrade
Qtrade offers commission-free trading on stocks and select ETFs with no annual or inactivity fees and strong customer support. It provides a cost-effective option for Canadian investors seeking free trading and reliable service.
View Deal →Qtrade stands out for combining no-fee stock and select ETF trades with excellent customer service, making it a solid choice for investors valuing support and cost savings.
Pros:
- Free stock and select ETF trades
- No annual or inactivity fees
- Excellent customer service
Cons:
- Limited commission-free ETFs compared to some competitors
- No mention of cryptocurrency trading options
- Fewer advanced trading tools compared to specialized brokerages
4.National Bank Direct Brokerage
National Bank Direct Brokerage offers free trades on stocks and most ETFs, along with free buying and selling of mutual funds. There is an annual fee that can be waived under certain conditions.
View Deal →For investors seeking a big bank brokerage with commission-free trading on stocks and ETFs, NBDB combines cost savings with access to mutual funds. It stands out by waiving the annual fee, making it a competitive choice for cost-conscious traders.
Pros:
- Free trades on stocks and most ETFs
- No fees for buying or selling mutual funds
- Annual fee is waivable under certain conditions
- Backed by a major Canadian bank
Cons:
- Annual fee applies if waiver conditions are not met
- Limited commission-free ETFs compared to some competitors
- Potential extra costs like foreign exchange fees may apply
5.TD Easy Trade
TD Easy Trade offers commission-free stock trading and select ETFs with no annual or inactivity fees. It is a brokerage service provided by a major Canadian bank.
View Deal →As a big bank brokerage, TD Easy Trade delivers no-commission stock trades and free ETF options without account fees, appealing to investors who prefer established institutions.
Pros:
- Commission-free stock trades
- Select commission-free ETFs available
- No annual or inactivity fees
- Backed by a major Canadian bank
Cons:
- Limited to select commission-free ETFs
- Potentially fewer advanced trading tools compared to other brokers
- No mention of commission-free crypto trading
Final Words
To make the most of commission-free trading in Canada this April 2026, take time to compare these top brokers based on your investment needs and stay updated on their current offers to maximize your savings and trading efficiency. You can explore each platform’s features to find the best fit for your portfolio and trading style.
Frequently Asked Questions
Wealthsimple Trade offers commission-free trading on stocks, ETFs, and crypto with no account or inactivity fees. Its user-friendly mobile app makes it especially appealing for beginners looking for an easy and cost-effective trading experience.
No, Wealthsimple Trade does not charge any account or inactivity fees, allowing users to trade without worrying about hidden costs.
Yes, Wealthsimple Trade allows commission-free trading not only on stocks and ETFs but also on cryptocurrencies, making it a versatile option for investors interested in multiple asset classes.
No, several brokers in Canada offer commission-free trades on stocks and ETFs, and some like Wealthsimple Trade and Questrade also extend commission-free trading to crypto or select ETFs.
Besides commission fees, consider other costs such as foreign exchange fees, SEC fees for U.S. trades, and ECN fees. It's also important to evaluate customer service quality and platform usability.
Most top commission-free brokers in Canada, including Wealthsimple Trade, Questrade, and Qtrade, do not charge annual or inactivity fees, helping investors save on maintenance costs.
TD Easy Trade is a big bank option offering commission-free stock trading and select commission-free ETFs without annual or inactivity fees, giving users a reliable banking-backed brokerage option.
