What is the best online brokerage in Canada?

It’s been serving Canadians for over 2 decades and ranks as one of the overall best online brokerages in Canada for options traders and active traders in general. Questrade’s investing tools are intuitive, fully customizable, and fast.

What are the different types of brokers in Canada?

There are lots of different types of brokers across the financial sector. Three of the most common brokers in Canada are mortgage brokers, stock brokers (including online brokers), as well as GIC brokers. What is a mortgage broker?

What does a brokerage company do?

A brokerage company primarily acts as a middleman, connecting buyers and sellers to facilitate a transaction. Full-service brokerage companies are compensated via a flat annual fee or fees per transaction. Online brokers offer a set amount of free stock trading but charge fees for other services.

What should I look for in a Canadian Online Broker?

Investment selection – Access to investments can vary considerably from one online broker to the next. When using a major Canadian online broker, you should expect to be able to invest in major Canadian companies ( Shopify, Royal Bank of Canada, Canadian National Railway, etc.) and major mutual funds and index funds.