Best Trading Platforms in Canada
Discover 8 deals available this month.
1.Qtrade
Qtrade offers over 100 ETFs with no trading fees, charges $8.75 per stock trade, and has no annual fees. It includes excellent customer service and a free portfolio simulator for beginners.
View Deal →Qtrade stands out with its free ETF trades and helpful tools for new investors, making it a solid choice for those starting out or focused on ETFs.
Pros:
- Over 100 ETFs available to trade for free
- $0 annual fees
- Free portfolio simulator for new investors
- Highly rated customer service
Cons:
- $8.75 fee per stock trade, which is higher than some competitors
- Limited free stock trading compared to platforms with $0 stock fees
- No mention of crypto trading or advanced trading tools
2.Questrade
Questrade offers $0 fees on stock and ETF trades as of 2025, along with strong research tools. However, some users report challenges with customer service.
View Deal →Questrade delivers zero-commission trading paired with robust research options, making it a solid choice for cost-conscious investors who value data insights. Customer support could be more responsive, which might impact new users.
Pros:
- No fees on stock trades
- Zero-cost ETF trades
- Excellent research tools available
Cons:
- Customer service can be difficult to reach or slow
- No mention of free portfolio simulators or beginner tools
- Limited fee discounts for active traders
3.Wealthsimple Trade
Wealthsimple Trade offers commission-free trading for stocks and ETFs with no fees. It also supports crypto trading, making it one of the few Canadian platforms to do so.
View Deal →A standout option for new and cost-conscious investors, Wealthsimple Trade provides easy access to both stock and cryptocurrency markets without any trading fees.
Pros:
- 100% commission-free trading on stocks and ETFs
- No fees for ETF and stock trades
- Offers cryptocurrency trading in Canada
Cons:
- Limited advanced trading tools compared to institutional brokers
- May lack in-depth research and analytics features
- Crypto trading availability is relatively rare but might have limited options
4.Interactive Brokers
Interactive Brokers offers an institutional-grade desktop platform with $0 stock trades and $0.65 per options contract. It also features low margin rates and high-quality trade executions.
View Deal →Traders seeking professional-grade tools with competitive pricing will find Interactive Brokers a solid choice thanks to its advanced platform and low-cost options trading.
Pros:
- Institutional-grade desktop trading platform
- $0 commission on stock trades
- Low margin rates for borrowing
- $0.65 per contract options fees
Cons:
- Options fees apply unlike some zero-commission brokers
- Platform may be complex for beginners
- No mention of free ETFs or beginner-friendly tools
5.BMO InvestorLine
BMO InvestorLine is a bank-based trading platform offering $9.95 stock trades and $3.95 fees for active traders, with ETF fees ranging from $0 to $9.95. It combines competitive pricing with the convenience of a major bank's infrastructure.
View Deal →Offering slightly higher fees than some discount brokers, BMO InvestorLine provides the security and familiarity of a bank-backed platform with pricing incentives for active traders. It's a solid choice for those who prioritize stability and established service.
Pros:
- Stock trades priced at $9.95, reduced to $3.95 for active traders
- ETF trading fees range from $0 to $9.95
- Operated by a major Canadian bank providing trusted infrastructure
Cons:
- Higher stock trading fees compared to some zero-commission platforms
- ETF fees can be as high as $9.95, which may be costly for frequent traders
- Less competitive pricing for casual or low-volume investors
6.National Bank Direct Brokerage
National Bank Direct Brokerage offers $0 fees on stock and ETF trades with no annual account fees. It has a well-rounded trading platform and a strong 4.6-star user rating.
View Deal →With no trading or annual fees, National Bank Direct Brokerage appeals to cost-conscious investors seeking a solid all-around platform backed by positive user reviews.
Pros:
- $0 stock trading fees
- $0 ETF trading fees
- $0 annual fees
- High 4.6-star user rating
Cons:
- Lacks mention of advanced research tools
- May not offer unique features compared to competitors
- Limited details on customer service quality
7.Moomoo
Moomoo offers competitive pricing tailored for smaller investments with instant currency conversions and no waiting periods. It has a strong user rating of 4.3 stars.
View Deal →Ideal for investors with smaller portfolios, Moomoo stands out by eliminating conversion delays and keeping costs low. Its user-friendly approach and positive reviews make it a notable choice in the Canadian market.
Pros:
- Competitive pricing for smaller investment amounts
- Instant currency conversions without waiting periods
- Strong user rating of 4.3 stars
Cons:
- No specific mention of fee structure for larger trades
- Lacks detailed information on customer service or research tools
- Limited data on advanced trading features
8.TD Direct Investing
TD Direct Investing is a bank-based trading platform from TD Canada Trust offering competitive fee structures similar to other major Canadian bank platforms. It provides a reliable option for investors preferring a bank-affiliated brokerage.
View Deal →A solid choice for investors who value a bank-backed platform with familiar features and competitive fees, TD Direct Investing fits well within the established Canadian brokerage landscape.
Pros:
- Backed by TD Canada Trust, providing trust and banking integration
- Competitive fee structures aligned with other major bank platforms
- Offers a full-service trading experience
Cons:
- Fees are generally higher compared to discount brokerages with zero commissions
- Lacks standout deals like free ETF trading or zero-fee stock trades
- No unique features differentiating it significantly from other bank-based platforms
Final Words
To make the most of your investments this February, take time to compare the trading platforms listed here and review their current fees and features to find the best fit for your trading style and goals. Staying informed and proactive will help you access the most cost-effective and user-friendly options available in Canada.
Frequently Asked Questions
Qtrade stands out by offering over 100 ETFs with no trading fees, $8.75 stock trading fees, and no annual fees. It also includes excellent customer service and a free portfolio simulator ideal for new investors.
No, Qtrade does not charge any annual fees. The main cost is $8.75 per stock trade, while ETF trades on over 100 ETFs are completely free.
Yes, Qtrade offers a free portfolio simulator specifically designed for new investors, allowing beginners to practice and learn trading without risking real money.
Yes, platforms like Questrade, Wealthsimple Trade, and National Bank Direct Brokerage offer $0 stock and ETF trading fees, making them attractive options for cost-conscious traders.
Consider factors such as trading fees, availability of ETFs and stocks, customer service quality, platform usability, and additional features like research tools or crypto trading options.
Wealthsimple Trade is one of the few Canadian brokerages that offers crypto trading with zero commissions on stock and ETF trades.
