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Canadian Discount Brokers

Here's our list of Canadian discount brokerage houses along with their current online stock rates. If you know of a discount brokerage that is not on the list please inform us and we'll try to add them as quickly as possible. Also, although we attempt to keep up with the current rates, most brokerages reserve the right to change their fee structure without notice. So, be sure to contact them for their official rates.

BMO InvestorLine
CIBC Investor's Edge
Credential Direct
Disnat
Interactive Brokers
HSBC InvestDirect
National Bank Discount Brokerage
Qtrade
Questrade
Royal Bank Action Direct
Scotia Discount Brokerage
Scotia iTrade
TD Waterhouse
Virtual Brokers



Broker: BMO InvestorLine
Phone: 1-800-387-7800
Email: info@bmoinvestorline.com

AssetsCommission
Under $50,000 Regular Rate
Over $50,000 Flat Fee*

Trades per QuarterCommission
Under 30 Trades Regular Rate
Over 29 Trades Flat Fee*

Online: Regular Rates
SharesPrice/ShareCommission
up to 1000Any$25 for Market Orders
up to 1000Any$29 for Limit / Special Orders
over 10000.00 to $2.00 1.5%
over 1000$2.01 + $0.03 / share
Min commission $25 for market orders & $29 for Limit/special orders.

Online: Flat Fee*
$9.95 per trade



Broker: CIBC Investor's Edge
Phone: 1-800-567-3343
Email: feedback@cibc.com

"Edge" Package Rate
$395 per calendar year per account
Trade package: 50 equity trades
Additional trades: $6.95 per trade

Online: Market Orders
SharesPrice/ShareCommission
up to 1000Any$25
over 10000.00 to $2.00 1.5% of principal
over 1000$2.01 + $0.03 / share
Min commission $25

Online: Non-Market Orders
SharesPrice/ShareCommission
up to 1000Any$28.95
over 10000.00 to $2.00 1.5% of principal
over 1000$2.01 + $0.03 / share
Min commission $28.95



Broker: Credential Direct
Phone: 1-877-742-2900
Email: feedback@credentialdirect.com

Online
SharesPriceRegular25+ Trades/Q
up to 1000
(or trade value <$2000.01)
Any$19$9.95
over 1000$0.00 to $1.001% (Min $19)$9.95
over 1000$1.01 +$0.02/share$9.95



Broker: Disnat
Phone: 1-800-268-8471
Email: disnat@vmd.desjardins.com

Disnat Classic:
Trades per Month: Up to 9
Price/ShareCommission
$2.00 or less1.5% (Min $29)
$2.01 or more
$29 up to 1000 shares
$0.03/share for over 1000 shares (min $29)

Trades per Month: 10 or more, or $250k+ in assets
Price/ShareCommission
$2.00 or less1.0%
$2.01 or more$9.95 for up to 1000 shares
$0.01/share for over 1000 shares (min $9.95)



Broker: Interactive Brokers
Phone: 1-877-745-4222
Email: help@interactivebrokers.com

American Equities
CommissionMinNotes
USD 0.005/Share $1.00Max 0.5% of trade value plus exchange, ECN, and specialist fees

Canadian Equities
CommissionMinNotes
CAD 0.01/Share $1.00Max 0.5% of Trade Value plus exchange fees
For Canadian orders that are immediately executed against an existing bid or offer on the exchange's order book, an exchange liquidity removing fee of $ 0.0008 CAD/share will be added for stocks trading <1.00 CAD and $ 0.0037 CAD/share will be added for stocks trading at or above 1.00 CAD with a maximum inclusive price of 0.01 CAD/share.

Misc Fees and Other Info
Commission Minimum: $10/month
Market Data Charged Separately



Broker: HSBC InvestDirect
Phone: 1-866-865-4722
Email: contact@hsbc.ca

Online
Stock PriceShare VolumeCommission
$0.00 to $2.00 any #1.5%
$2.01 and over up to 1000$29
$2.01 and over over 1000$0.03/Share
Minimum commission of $29 per transaction
Transactions of principal values over $250,000 are fully negotiable for both Canadian and U.S. trades.


Prestige Program: Online
PrestigePrestige PlusPrestige Elite
Qualifications
Assets (CDN)$100k$500k$1M
or Trades/Q30-99100-149150+
Benefits
Online Equity$9.98$8.98$6.98
International Trades20% discount20% discount20% discount



Broker: National Bank Discount Brokerage
Phone: 1-800-363-3511
Email: Web.trad@bnc.ca

Internet Trades
SharesPrice/ShareCommission
up to 1000Any$28.95
over 1000$2.00 or less1.5%
over 1000$2.01 and over $0.03 / share
Min commission $28.95

Active Trader: 30+ Trades/Quarter
Price/ShareCommission
$2.00 or less0.5%
$2.01 and over $0.01 / share
Min commission $6.95

Large Investor: $100,000+
Price/ShareCommission
$2.00 or less0.5%
$2.01 and over $0.01 / share
Min commission $9.95



Broker: Qtrade Canada
Phone: 1-877-787-2330
Email: info@qtrade.ca

Online: 1000 shares or less
30-149 Trades/Q150+ Trades/QAssets >$100kAssets < $100k
$9.95$7.00$9.95$19 market
+ $4 for special orders

Online: 1000 shares or more
Price/Share30-149 Trades/Q150+ Trades/QAssets >$100kAssets <$100k
$0.00 - $0.50$9.95$7.00$9.951%
$1.01 - $3.00$9.95$7.00$9.95$0.02/share
$3.01 plus$9.95$7.00$9.95$0.025/share
Min commissions of $7.00, $9.95, $19.00, $23.00



Broker: Questrade
Phone: 1-888-783-7866
Email: info@questrade.com

Online
$0.01/share with a $4.95 min OR $9.95 per trade




Broker: Royal Bank Action Direct
Phone: 1-800-769-2560
Email: Contact Form

Special Online Rates
150+ Trades/Q30-149 Trades/QAssets $100k+
$6.95$9.95$9.95

Regular Online Rates
SharesPrice/ShareFee
1000 or lessAny$28.95
1001 or more$0.00 - $2.001.5%
1001 or more$2.01 +$0.02/share
Min commission $28.95.



Broker: ScotiaMcLeod Direct
Phone: 1-800-263-3430
Email: smdirect@scotiamcleoddirect.com

Online
SharesPrice/ShareCommission
up to 1000Any$25.95 for Market Orders
up to 1000Any$28.95 for Limit / Special Orders
over 10000.00 to $0.99 $0.005 / share
over 10001.00 to $1.99 $0.02 / share
over 1000$2.00 + $0.03 / share
Min commission $25.95 for market orders & $28.95 for Limit/special orders.
Max 2% commission, subject to $25.95/$28.95 min



Broker: Scotia iTrade
Phone: 1-888-872-3388
Email: service@scotiaitrade.com

Fees
Type 150+ Trades/Q 30-149 Trades/Q or $50k+ <$50k
U.S. Stocks ** $6.99 $9.99 $19.99
Canadian Stocks ** $6.99 $9.99 $19.99 (to 1000 shares, $0.02/share thereafter)
** Fees for U.S transactions are charged in U.S. dollars. Equity transaction with a principal value of less than $2,000 will be charged either a flat fee of $6.99 per trade, $9.99 per trade or $19.99 per trade, depending upon the pricing tier for which you have qualified. Equity transactions with a share price of $1.00 or less will be charged either a flat fee of $6.99 per trade, $9.99 per trade or $19.99 per trade, depending upon the pricing tier for which you have qualified.



Broker: TD Waterhouse
Phone: 1-800-465-5463
Email: td.waterhouse@td.com

Special Online Rates
150+ Trades/Q30-149 Trades/QAssets $100k+
$7.00$9.99$9.99

Regular Online Rates
Stock PriceShare VolumeCommission
$0.00 to $2.00 any #1.5%
$2.01 and over up to 1000$29
$2.01 and over over 1000$0.03/Share
Minimum commission of $29 per transaction



Broker: Virtual Brokers
Phone: 1-877-310-1088
Email: info@virtualbrokers.com

Online: Option 1
TradeCommission
Equities$6.49
Online: Option 2
TicketCommission
Equities ($1 or more)$0.01/share
Equities ($0.25 to under $1)$0.005/share
Equities (less than $0.25)$0.0025/share
$5 min per ticket



Last update as of August 31, 2010



 
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