What is a discount brokerage?

A discount brokerage allows you to trade with little-or-no assistance from a broker. You receive no advice, planning, or other investment services. But you are legally able to buy and sell stocks. And this is a great option for people who are well versed in the world of investments and feel confident going it alone.

What is the best online broker in Canada?

CI Direct Trading (formerly Virtual Brokers): Best Online Broker in Canada for Research CI Direct Trading ( formerly Virtual Brokers) is one of the best online brokers in Canada, with offerings on par with Questrade and Qtrade.

What is an online broker?

An online broker lets you buy and sell stocks, ETFs, and mutual funds online within your trading account. They’re often called “online brokerage” or “discount brokerage” because this trading method is more cost-effective than a traditional brokerage.

Are Canadian discount brokers offering commission-free trades on ETFs?

Even better, many Canadian discount brokers now offer commission-free trades on ETFs – either only on the buy-side (e.g. Questrade) or, in some cases, for both buy and sell transactions (e.g. Wealthsimple Trade ). Given that the purpose of self-directed investing is the lowering of fees and maximization of returns, this is a welcome development.