Skip to main content

The Globe and Mail

Online Brokers 2013: Ten ways to pick the best online broker for you

If you're looking for a broker that...

1) Has low stock-trading commissions for all clients, not just those with $50,000 or more in assets or who trade actively … consider Questrade, Virtual Brokers.

2) Charges zero administrative fees on small RRSP accounts … consider Questrade, Virtual Brokers.

Story continues below advertisement

3) Offers online access to global stock markets … consider HSBC InvestDirect and TD Direct Investing

4) Offers a wide variety of Canadian and U.S. stocks for dividend reinvestment plans … consider CIBC Investor's Edge, Qtrade, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing and Virtual Brokers.

5) Offers RRSPs where you can keep U.S. dollars without forced conversion back to Canadian dollars …consider BMO InvestorLine, Qtrade, Questrade, RBC Direct Investing and Virtual Brokers.

6) Offers access to third-party GICs online … consider BMO InvestorLine, CIBC Investor's Edge, Qtrade, RBC Direct Investing and Virtual Brokers.

7) Offers high-yield bonds online … consider Credential Direct, HSBC InvestDirect, Qtrade, Scotia iTrade andVirtual Brokers.

8) Offers commission-free ETFs … consider Questrade, Qtrade, Scotia iTrade and Virtual Brokers.

9) Offers the option of receiving advice on investing … consider BMO InvestorLine.

Story continues below advertisement

10) Has no minimum account fee … consider CIBC Investor's Edge, Credential Direct, HSBC InvestDirect, National Bank Direct Brokerage, RBC Direct Investing, Scotia iTrade and TD Direct Investing.

Report an error Licensing Options
About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998. Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More


The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨