![]() Other funds $14.95 per trade or 3% of your purchase volume. Search for your preferred fund type, family, commission or country today. IBKR also offers a free mutual fund search tool that can be used to search for and identify funds by a number of categories including fund type, fund family, commissions charged and country of residence. Interactive Brokers offers access to over 48,000 funds from over 550 fund families including over 19,000 no transaction fee funds. $0.15 to $0.65 per contract depending on your trading volume Over 200 commission-free ETFs for Pro tradersĮxchange, regulatory, and clearing fees apply in addition to commission Its robust platform has a allows access to global assets and the software is customizable to each trader’s unique preferences.$0.0005-$0.0035 per share for IBKR Pro accounts with bulk discounts available Lightspeed Trading is an online trading platform that boasts a day trading focused platform for highly active traders. Scotia iTrade has the following commission fees: Powered by one of the big banks in Canada, Scotia iTrade has high fees on standard accounts when compared to their counterparts.įor an account to be qualified for active trader discounts, it must have carried out a minimum of 150 trades or more per quarter. In this area, both Interactive Brokers and Wealthsimple Trade come out ahead.īoth the mobile application and desktop application are fairly straightforward and easy-to-use.Ī variety of customization options are available, allowing traders to focus on what is important to them. One feature not offered by Questrade is fractional share trading. equities with ease while saving higher-frequency traders hundreds of dollars in transaction fees each year. Money can be held in either USD or CAD, which can allow traders to buy and sell both Canadian and U.S. This variety opens up investing to those with different financial goals, from saving for education to retirement planning. In terms of account types, Questrade offers a large range of both registered and non-registered accounts. The company also offers an Active Trader package which can bring commissions down to as low as $0.01 per share.Īside from stocks, Questrade offers access to several other assets including ETFs, options, forex, CFDs, mutual funds, bonds, GICs, and commodities. Regular accounts have commissions ranging from $4.95 to $9.95 for most Canadian and U.S. Just like Interactive Brokers, Questrade offers a few different account options depending on user needs. Questrade has been around in the Canadian market for over 20 years.ĭuring this time, the company has consistently been rated amongst the top investing platforms in the country by offering low-fee trading and a variety of services that cater to both amateur and experienced traders. However, once users get a grasp of the interface, there are a variety of useful features that can be used to conduct research to make better financial decisions. The investment platform offers both a mobile application and a desktop application, both of which have an initial learning curve to them. This feature has been highly requested, as it allows for traders operating with small sums of money in their accounts to buy stock in companies with high individual share prices such as Amazon. Interactive Brokers also offers the ability to trade fractional shares, except in RRSP and TFSA accounts. TFSA, RRSP, Spousal RRSP, margin, and various trust accounts are all available through the trading platform. Interactive Brokers offers their Canadian clients a variety of account options.īoth registered and non-registered accounts can be created in just a few simple clicks. The fixed pricing structure offers trading for as low as $0.005 per share of US equities, with a minimum of $1 and a maximum of 1% of the trade value.įor the tiered structure, pricing starts at $0.0035 for the first 300,000 shares and drops to $0.0005.Īs you can see, high-frequency traders are likely to benefit the most from the Interactive Brokers pricing structure.Īside from stocks, investors also have access to a wide range of other assets, including ETFs, options, futures, FOPs, warrants, structured products, SSFs, currencies, commodities, indices, fixed income, and mutual funds. The costs of trading are extremely low, and there are several different pricing structures to choose from depending on the type of trader you are. Interactive Brokers is a great alternative for Canadians. Even though Lightspeed Trading isn’t available in Canada, several online brokers offer the same or similar services.īelow are short descriptions of three platforms that are on par with Lightspeed Trading and are available to Canadian investors.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |