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Broker is an individual or firm that charges a fee (or commission) for executing buy and sells orders submitted by an investor. In general – broker plays the role of a firm when it acts as an agent for a customer and charges the customer a commission for its services. List of discount online Canadian brokers and their commissions is below:
Broker: BMO InvestorLine
Phone: 1-800-387-7800
Email: info@bmoinvestorline.com
|
Assets |
Commission |
|
Under $100,000 |
Regular Rate |
|
Over $100,000 |
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/Qt |
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: eNorthern
Phone: 1-888-829-7929
Email: customersupport@enorthern.com
|
Equity Trades |
|
Price/Share |
Commission |
|
$2.00 or less |
1.5% |
|
$2.01 or more |
$0.025 per share |
|
Min commission $24 |
Broker: Interactive Brokers
Phone: 1-877-745-4222
Email: help@interactivebrokers.com
|
American Equities |
|
Commission |
Min |
Notes |
|
USD$ 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 |
|
Qualifications |
Prestige |
Prestige Plus |
Prestige Elite |
|
Assets (CDN) |
$100K |
$500K |
$1M |
|
Trades (Quarter) |
30-99 |
100-149 |
150+ |
|
Commission |
|
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
|
Online 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 $6.95 |
|
Large Investor:
$100,000+ |
|
Price/Share |
Commission |
|
$2.00 or less |
0.5% |
|
$2.01 and over |
$0.01 / share |
|
Min $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: ScotiaMcLeod Direct
Phone: 1-800-263-3430
Email: smdirect@scotiamcleoddirect.com
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: RBC Direct Investing
Phone: 1-800-769-2560
Email: Contact Form
|
Special Online Rates: $6.75/trade |
|
150+ Trades/Q |
30-149 Trades/Q |
Assets $100k+ |
|
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: TradeFreedom
Phone: 1-866-837-3336
Email: info@tradefreedom.com
|
Online |
|
Trade |
Commission |
|
US Equities |
$9.95 |
|
Canadian Equities ($3
or less) |
$9.95 |
|
Canadian Equities ($3+, 1000 shares or less) |
$9.95 |
|
Canadian Equities ($3+, 1000+ shares) |
$9.95 + $0.01/share above 1000 |
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