Best Commission Free Brokers in Canada
Discover 5 deals available this month.
1.Wealthsimple Trade
Wealthsimple Trade offers commission-free trading on Canadian and U.S. stocks and ETFs with no annual fee on core self-directed accounts. It features a simple app designed for easy investing.
View Deal →A straightforward choice for beginner investors seeking zero-commission trades in Canada and the U.S., Wealthsimple Trade keeps fees low with a clean, user-friendly app.
Pros:
- No commissions on Canadian and U.S. stock and ETF trades
- No annual fees on core self-directed accounts
- Simple and intuitive mobile app
Cons:
- Limited advanced trading tools compared to competitors
- No support for registered accounts like RRSP or TFSA within the basic offering
- May lack features sought by experienced traders
2.Questrade
Questrade offers $0 commission trading on Canadian stocks and ETFs, supporting a wide range of registered accounts and providing advanced investing tools. It is designed for investors seeking a comprehensive platform without trading fees on key securities.
View Deal →Questrade stands out for investors wanting no-commission trades combined with robust account options and deeper tools to manage their portfolios effectively. It suits those looking beyond basic apps to more sophisticated investing features.
Pros:
- No commission fees on Canadian stocks and ETFs
- Supports a broad range of registered accounts
- Offers advanced investing tools for deeper market analysis
Cons:
- No mention of commission-free U.S. stock trades
- Platform complexity may be overwhelming for beginners
- Lacks an explicit free ETF lineup like some competitors
3.Qtrade Direct Investing
Qtrade Direct Investing offers $0 commission trading on Canadian stocks and ETFs, along with free trades on a select lineup of ETFs. It is known for its strong customer service reputation.
View Deal →Qtrade Direct Investing stands out by combining commission-free trading with reliable service and a curated selection of free ETFs, making it a solid choice for Canadian investors seeking quality support.
Pros:
- $0 commission on Canadian stocks and ETFs
- Free trading on a select lineup of ETFs
- Strong reputation for customer service
Cons:
- No mention of US stock commission-free trading
- Limited to a select ETF lineup for free trades
- Less emphasis on advanced investing tools compared to competitors
4.National Bank Direct Brokerage
National Bank Direct Brokerage offers $0 commission trading on Canadian and U.S. stocks in Canada through a major bank-owned platform. It provides easy access to commission-free stock trades without account fees.
View Deal →National Bank Direct Brokerage stands out as a solid choice for investors seeking commission-free trades backed by a trusted major bank. It blends no-fee stock trading with the reliability of established financial infrastructure.
Pros:
- $0 commission trading on Canadian and U.S. stocks
- Operated by a major Canadian bank providing stability and trust
- No annual fees reported for trading accounts
Cons:
- Limited information on advanced investing tools or features
- No mention of commission-free ETFs or other asset types
- Less emphasis on registered account support compared to some peers
5.Desjardins Online Brokerage (Disnat)
Desjardins Online Brokerage (Disnat) offers $0 commission trading on Canadian stocks and ETFs with full-service brokerage support available across Canada. It provides a no-fee trading option backed by a major financial institution.
View Deal →For investors seeking commission-free Canadian stock and ETF trades coupled with the reliability of a full-service brokerage, Desjardins Online Brokerage presents a solid choice. Its bank-owned platform ensures stability while catering to Canadian investors.
Pros:
- $0 commission trading on stocks and ETFs in Canada
- Full-service brokerage support from a major financial institution
- Available nationwide in Canada
Cons:
- No mention of commission-free trading on U.S. stocks
- Limited information on advanced trading tools or platforms
- May not offer the depth of registered-account options found at competitors
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Final Words
To make the most of commission-free trading in Canada this September 2026, take time to compare the features and account types of top brokers like Wealthsimple Trade, Questrade, and others to find the best fit for your investing needs. You can explore current offers and platform benefits to ensure your trading experience is both cost-effective and aligned with your financial goals.
Frequently Asked Questions
Wealthsimple Trade offers $0 commission on Canadian and U.S. stock and ETF trades with no annual fees on core self-directed accounts. It features a simple app designed for easy and accessible investing, making it ideal for beginners.
No, Wealthsimple Trade charges no commission fees for trading Canadian and U.S. stocks and ETFs, and there is no annual fee on their core self-directed accounts.
Yes, Wealthsimple Trade allows commission-free trading on both Canadian and U.S. stocks and ETFs, providing flexibility for investors interested in multiple markets.
Other popular commission-free brokers in Canada include Questrade, Qtrade Direct Investing, National Bank Direct Brokerage, and Desjardins Online Brokerage. Each offers $0 commission trading on stocks and ETFs with varying features.
Most top commission-free brokers, including Wealthsimple Trade, do not charge annual fees on their core self-directed accounts. However, it’s important to check each broker’s terms as some might have other fees for specific services.
Consider factors like account types supported, trading tools, platform usability, and customer service reputation. For example, Questrade offers broader registered-account support and advanced investing tools, while Wealthsimple Trade focuses on simplicity.
