Canada Investment Platforms has brought investors many innovations in the form of new trading platforms, online robo-advisors and more. But if you’re an investor looking to grow your wealth, finding the best trading platform for your needs is crucial. This article delves into five of the fastest-growing investment platforms in Canada that offer a variety of unique features for both novice and experienced traders.
Questrade is a Canadian digital brokerage that provides its own cutting-edge trading platforms. It is an 11-time winner of Canada’s Best Managed Company award and boasts $30 billion in assets under management. It offers a wide range of account types including RRSP, TFSA, RESP and FHSA as well as low per-trade commissions.
Canada Investment Platforms: A Comprehensive Comparison
BMO InvestorLine Self-Directed is another Canadian broker that offers a sleek and intuitive trading platform. It is a great option for beginner stock traders, offering low per-trade fees and no account maintenance fees. It also allows you to trade both US and Canadian stocks and ETFs.
CIBC Investor’s Edge is the discount brokerage arm of CIBC bank and has a newly redesigned website that offers a great user experience. It is the cheapest of the “Big 5” Canadian brokers in terms of per-trade commissions for both stock and ETF trades. In addition, CIBC offers a number of account types including RRSP, RRIF and TFSA as well as a wide range of research tools.
TD Direct Investing is another great option for beginners with no account maintenance fees, no trading fees and no minimum balance requirement. TD also offers Level 2 market data for free and a wide range of research and trading tools.