Many online brokers allow Canadians to trade equities, exchange-traded funds (ETFs), mutual funds and more. However, not all are created equal. These platforms vary by what markets and products they offer, their fees and commissions, deposit and withdrawal options, customer support, and the tools and research they provide. It’s important to consider all of these factors before selecting the right one for you.
Top Trading Platforms Canada, a simple, intuitive platform that is easy to use is important. Additionally, they also want low fees, access to investor education resources and great customer support in case of a logistical mistake. Questrade has managed to achieve this balance very well, which is why they are ranked as the best online broker for beginners in Canada.
Top Trading Platforms in Canada: Features, Fees & Security
If you are a big bank shopper and enjoy the convenience of having all your investments under one roof, TD Direct Investing is an excellent option. They offer a variety of accounts, including RRSPs, TFSAs and RRIFs, as well as cash and margin account, to meet different investing needs. Their TD WebBroker and TD Active Trader platforms are both user-friendly and feature comprehensive research tools.
For more advanced traders, Interactive Brokers and XTB are two top choices. Both brokers have an extensive list of tradable assets, including foreign exchange (forex), futures, and CFDs. They are regulated in Canada and have some of the lowest margin rates in the industry. However, the amount of analytical and research tools available on these platforms may be overwhelming for beginner traders.…