Here are some of the best platforms for trading stocks and ETFs in Canada, each catering to different needs and preferences:

1. Questrade

• Best for: Low fees and active traders
• Key Features:
  • Commission-free ETF purchases (selling ETFs has a fee).
  • Stock trading fees start at $4.95 per trade (up to $9.95 max).
  • Offers U.S.-dollar accounts, saving currency conversion fees.
  • No annual account fees for most accounts (e.g., TFSA, RRSP).

• Downsides: $1,000 minimum initial deposit.
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2. Wealthsimple Trade

• Best for: Beginners and those seeking commission-free trading.
• Key Features:
  • Commission-free stock and ETF trading in Canada and the U.S.
  • No account minimums.
  • Easy-to-use app, perfect for new investors.
  • Offers fractional shares.

• Downsides: Limited advanced tools for active traders, 1.5% currency conversion fee for U.S. trades (unless you upgrade to Wealthsimple Plus).
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3. Interactive Brokers (IBKR)

• Best for: Advanced traders and global market access.
• Key Features:
  • Extremely low fees for stocks and ETFs (starting at $0.01 per share).
  • Access to a wide range of international markets.
  • Advanced tools for experienced investors.
  • U.S.-dollar account integration.

• Downsides: May feel complex for beginners.
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4. National Bank Direct Brokerage (NBDB)

• Best for: Canadians seeking completely commission-free trading.
• Key Features:
  • No trading fees on stocks and ETFs in Canada and the U.S.
  • No minimum balance requirements.
  • Access to registered and non-registered accounts (e.g., TFSA, RRSP).

• Downsides: Limited research tools and advanced features.
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5. TD Direct Investing

• Best for: Comprehensive tools and research for beginner to intermediate investors.
• Key Features:
  • User-friendly interface.
  • Access to extensive market research and tools.
  • Easy integration with other TD accounts.

• Downsides: Higher fees ($9.99 per trade, no commission-free ETFs).
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6. RBC Direct Investing

• Best for: RBC banking clients.
• Key Features:
  • Integrated with RBC online banking.
  • $9.95 per trade, with advanced tools for active investors.
  • Offers practice accounts to learn before investing.

• Downsides: No commission-free ETFs.
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Key Considerations When Choosing a Platform:

• Fees: Look for low trading commissions and management fees.
• Ease of Use: Prioritize platforms with intuitive interfaces, especially if you're a beginner.
• Accounts Offered: Ensure it supports the accounts you need (e.g., TFSA, RRSP, margin accounts).

• Currency Handling: For U.S. stock trading, platforms like Questrade and IBKR offer U.S.-dollar accounts to avoid conversion fees.
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北美诗哥

本名郭英杰，旅美诗人。美国宾州大学地质学博士和计算机工程硕士，信息技术专家，超连锁企业家，美国资深功效营养顾问，美国华人诗学会会员，北美翰苑、海外华英签约作者。在2024年，荣获“世界诗歌最佳英才奖”，在北美翰苑五周年诗歌作品展中荣获“金笔”奖和“最美原创奖”。在2023年海外华英百强诗人大赛中获“百强诗人”称号。荣登2018“当代国际名师名家名人”榜。首创纺锤体汉诗。爱好诗、歌、摄影。作品散见于各类报刊杂志及网络媒体平台，并在海内外诗歌大赛中多次获奖。坚信 “生活不只有眼前的苟且，还有诗和远方”。诗观：生活乃诗，诗映生活。韵律平仄，纵横捭阖。