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Fund Discount Brokers
Commission Calculator
Broker News
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.
Broker: BMO InvestorLine
Phone: 1-800-387-7800
Email: info@bmoinvestorline.com
| Assets | Commission |
| Under $50,000 | Regular Rate |
| Over $50,000 | Flat Fee* |
| Trades per Quarter | Commission |
| Under 30 Trades | Regular Rate |
| Over 29 Trades | Flat Fee* |
| Online: Regular Rates | ||
| Shares | Price/Share | Commission |
| up to 1000 | Any | $25 for Market Orders |
| up to 1000 | Any | $29 for Limit / Special Orders |
| over 1000 | 0.00 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 | ||
| Shares | Price/Share | Commission |
| up to 1000 | Any | $25 |
| over 1000 | 0.00 to $2.00 | 1.5% of principal |
| over 1000 | $2.01 + | $0.03 / share |
| Min commission $25 | ||
| Online: Non-Market Orders | ||
| Shares | Price/Share | Commission |
| up to 1000 | Any | $28.95 |
| over 1000 | 0.00 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 | |||
| Shares | Price | Regular | 25+ Trades/Q |
| up to 1000 (or trade value <$2000.01) | Any | $19 | $9.95 |
| over 1000 | $0.00 to $1.00 | 1% (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/Share | Commission |
| $2.00 or less | 1.5% (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/Share | Commission | |
| $2.00 or less | 1.0% | |
| $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 | ||
| Commission | Min | Notes |
| USD 0.005/Share | $1.00 | Max 0.5% of trade value plus exchange, ECN, and specialist fees |
| Canadian Equities | ||
| Commission | Min | Notes |
| CAD 0.01/Share | $1.00 | Max 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 Price | Share Volume | Commission |
| $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 | |||
| Prestige | Prestige Plus | Prestige Elite | |
| Qualifications | |||
| Assets (CDN) | $100k | $500k | $1M |
| or Trades/Q | 30-99 | 100-149 | 150+ |
| Benefits | |||
| Online Equity | $9.98 | $8.98 | $6.98 |
| International Trades | 20% discount | 20% discount | 20% discount |
Broker: National Bank Discount Brokerage
Phone: 1-800-363-3511
Email: Web.trad@bnc.ca
| Internet Trades | ||
| Shares | Price/Share | Commission |
| up to 1000 | Any | $28.95 |
| over 1000 | $2.00 or less | 1.5% |
| over 1000 | $2.01 and over | $0.03 / share |
| Min commission $28.95 | ||
| Active Trader: 30+ Trades/Quarter | ||
| Price/Share | Commission | |
| $2.00 or less | 0.5% | |
| $2.01 and over | $0.01 / share | |
| Min commission $6.95 | ||
| Large Investor: $100,000+ | ||
| Price/Share | Commission | |
| $2.00 or less | 0.5% | |
| $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/Q | 150+ Trades/Q | Assets >$100k | Assets < $100k | |
| $9.95 | $7.00 | $9.95 | $19 market + $4 for special orders | |
| Online: 1000 shares or more | ||||
| Price/Share | 30-149 Trades/Q | 150+ Trades/Q | Assets >$100k | Assets <$100k |
| $0.00 - $0.50 | $9.95 | $7.00 | $9.95 | 1% |
| $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/Q | 30-149 Trades/Q | Assets $100k+ |
| $6.95 | $9.95 | $9.95 |
| Regular Online Rates | ||
| Shares | Price/Share | Fee |
| 1000 or less | Any | $28.95 |
| 1001 or more | $0.00 - $2.00 | 1.5% |
| 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 | ||
| Shares | Price/Share | Commission |
| up to 1000 | Any | $25.95 for Market Orders |
| up to 1000 | Any | $28.95 for Limit / Special Orders |
| over 1000 | 0.00 to $0.99 | $0.005 / share |
| over 1000 | 1.00 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/Q | 30-149 Trades/Q | Assets $100k+ |
| $7.00 | $9.99 | $9.99 |
| Regular Online Rates | ||
| Stock Price | Share Volume | Commission |
| $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 | ||
| Trade | Commission | |
| Equities | $6.49 | |
| Online: Option 2 | ||
| Ticket | Commission | |
| 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 | ||
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