• Easy
  • Intuitive online trading platforms.
• Low Cost
  • Competitive commissions and fees.
• Powerful
  • Research and tools.
• Helpful
  • Prompt, helpful service.

Pros

• Buy and sell 100 ETFs commission-free.

Cons

• High options fee.

• Transparent, low commissions
  • Offers the lowest commissions and access to stocks, options, futures, forex, bonds and funds from a single integrated account. If an exchange provides a rebate, we pass some or all of the savings directly back to you.
• Lowest financing costs
  • Offers the lowest margin loan interest rates of any broker, according to the Barron’s 2019 online broker review. 
• Earn extra income
  • Earn extra income on the fully-paid shares of stock held in your account. InteractiveBrokers borrows your shares to lend to traders who want to short and are willing to pay interest to borrow the shares. Each day shares are on loan you are paid interest while retaining the ability to trade your loaned stock without restrictions.

• Buy and sell thousands of stocks and ETFs
  • Wealthsimple Trade lets you buy and sell thousands of stocks and exchange-traded funds (ETFs) on major Canadian and U.S. exchanges.
• Commission-free trading, no account minimums
  • No commissions on any trades, ever.
  • No account minimum means you can get started with as little as $1.
• Trading made simple
  • No jargon, and no paperwork.
  • Search and track stocks easily with your watchlist.
  • Buy and sell stocks with just a few taps in our mobile app .
• More features coming soon
  • Notifications when stock prices move .
  • News and updates about stocks you follow .
  • 2FA security .

Pros

• No account minimum. You can open an account with as little as $1.
• Account types available: Non-Registered, RRSP, and TFSA.

Cons

• No two-factor authentication (2FA).

Questrade is an online investing platform headquartered in Toronto, Ontario, operating since 1999. Today, the discount brokerage offers some of Canada’s lowest commissions on trading and investing currently available.

As a virtual brokerage, Questrade only operates online, meaning there are no branches or offices open to the public. This allows the discount brokerage to provide the lowest trading fees in the industry.

Questrade offers a variety of investment options that suit all risk profiles, ranging from low-risk investments like Guaranteed Investment Certificates (GICs) to more volatile options like Forex and the stock market.

Questrade has become incredibly popular as a low-cost option for passive investing as well. It offers its own robo-adviser called Questwealth Portfolios, which allows Canadians to purchase and trade Exchange-Traded Funds (ETFs).

Pros

• Buy ETFs for free.

Cons

• Lack of two-factor authentication (2FA).