The Top Investment Platforms in Canada

The Top investment platforms in Canada

Top investment platforms in Canada that traditional brick-and-mortar investments brokerages charge high investment fees, wearing away at the funds they set aside for goals like retirement. As a result, more and more investors are seeking out online investment platforms that charge low or no trading fees, offer a wide variety of stocks and ETFs, and allow Canadians to invest in foreign markets for diversification.

TD Easy Trade is the online trading platform of TD Bank Group, Canada’s largest financial institution. It offers a simple, convenient interface that’s easy to navigate and has extensive research tools. It also offers two pricing systems: tiered, which provides a lower commission price that decreases as you trade more shares, and flat fee, which is perfect for active traders who want to limit their trading costs.

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National Bank Direct Brokerage shook the world in August of 2021 when it became the first of Canada’s Big Five banks to offer commission-free purchases of ETFs. Unfortunately, NBDB has struggled to rank well in online brokerage rankings and their app leaves much to be desired.

Look for a broker that is regulated by Canadian securities regulatory bodies and offers a range of features to make your experience as user-friendly as possible. Customer support should be available by phone, email or live chat, and the site should feature 2-factor authentication and data encryption to protect your money and account information. Also, be sure to consider whether the broker offers RRSP and TFSA accounts, which are critical for Canadians who are looking to optimize their taxes.

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