Online broker comparison

Fees apply to self-directed online trades. A $0 commission can still involve currency conversion, market or account fees. See Analysis for conditions and sources.

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BMO InvestorLine Self-Directed

TFSA · FHSA +7

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Canadian stocks: $0Market fees may apply
U.S. stocks: $0Market fees may apply

Accounts offered: TFSA · FHSA · RRSP · RESP · RRIF · Cash · Margin · LIRA · Corporate
USD account: Not verified
Fractional shares: Not verified
ETF purchases: $0 — market fees may apply
Options: $0.90/contract in market currency.
Administration and waivers: $0 account minimum fees; registered annual account fees: $0. Other services follow the fee schedule.
Currency conversion: BMO-set rate with conversion revenue by amount; confirm the quoted rate.
Fees checked: Oct 18, 2026

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CIBC Investor’s Edge

TFSA · RRSP · FHSA

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Canadian stocks: CAD 6.95Active: $4.95Eligible student: $5.95
U.S. stocks: USD 6.95 standard rateProfile-based discounts

USD account: Not verified
Fractional shares: Not verified
ETF purchases: 180+ selected ETFs: $0; other ETFs: $6.95.
Options: $6.95 + $1.25/contract standard, in market currency.
Administration and waivers: CAD 100/year at total balance ≤CAD 10,000; $0 above. FHSA and first-year new clients exempt; other profile-based waivers.
Currency conversion: Published indicative spread: 1.6% below USD 25,000, tiers down to 0.2% at USD 1m+ (2025 BoC reference). RESP has a separate schedule; confirm the rate.
Fees checked: Oct 18, 2026

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Interactive Brokers Canada

TFSA · RRSP +2Fractional shares

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Canadian stocks: Fixed: CAD 0.01/shareCAD 1 minimumTiered from CAD 0.008/share + third-party fees
U.S. stocks: Fixed: USD 0.005/shareUSD 1 minimumTiered from USD 0.0035/share, USD 0.35 minimum + third-party fees

Accounts offered: TFSA · RRSP · FHSA · RRIF
USD account: Not verified
Fractional shares: Fractional shares
ETF purchases: Per-share pricing by market and plan; selected U.S. ETFs qualify for no transaction fees.
Options: U.S. options: USD 0.15–0.65/contract by volume and premium; USD 1/order minimum, subject to exceptions and third-party fees. Other markets: see schedule.
Administration and waivers: Not verified
Currency conversion: Manual conversion: 0.20 basis point (0.002%), USD 2 minimum at tier one. Auto-conversion: typical 0.03% rate adjustment, without a separate commission.
Fees checked: Oct 18, 2026

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Moomoo Financial Canada

TFSA · RRSP

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Canadian stocks: ≥CAD 1: CAD 0.0149/share<CAD 1: CAD 0.0015/shareCAD 1.49 minimum/trade
U.S. stocks: ≥USD 1: USD 0.0099/share<USD 1: USD 0.001/shareUSD 1.99 minimum/trade

USD account: Not verified
Fractional shares: Not verified
ETF purchases: Same per-security schedule as stocks for the market.
Options: USD 0.65/contract, USD 1/order minimum; third-party fees may apply.
Administration and waivers: Advertised $0 account fee; additional services follow the schedule.
Currency conversion: CAD/USD conversion fee currently waived (0%) until further notice. The preferred rate includes a spread; conversion is not cost-free.
Fees checked: Oct 18, 2026

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National Bank Direct Brokerage

TFSA · RRSP +5USD account

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Canadian stocks: $0Market fees may apply
U.S. stocks: $0Market fees may apply

Accounts offered: TFSA · RRSP · FHSA · RESP · RRIF · Margin · Cash
USD account: USD account
Fractional shares: Not verified
ETF purchases: $0 — market fees may apply
Options: $1.25/contract, $6.25 minimum; $19.95 cap for value under $2,000, in market currency.
Administration and waivers: CAD 100/year; waivers include CAD 20,000 eligible assets on May 31, Young Investor and selected professional/newcomer offers.
Currency conversion: Published conversion revenue: 1.70% below USD 25,000, with tiers down to 0.60% at USD 1m+. Confirm the rate.
Fees checked: Oct 18, 2026

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Qtrade Direct Investing

TFSA · RRSP +3USD account

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Canadian stocks: $0Market fees may apply
U.S. stocks: $0Market fees may apply

Accounts offered: TFSA · RRSP · FHSA · RESP · RRIF
USD account: USD account
Fractional shares: Not verified
ETF purchases: $0 — market fees may apply
Options: $0 + $0.75/contract; assignment: $30; assisted exercise follows the fee schedule.
Administration and waivers: Eligible USD registered accounts: USD 15/quarter/account (FHSA excluded). Other services follow the fee schedule.
Currency conversion: Trades settle in the security’s currency; Qtrade may earn foreign exchange revenue.
Fees checked: Oct 18, 2026

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Questrade

TFSA · RRSP +2USD account

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Canadian stocks: $0Market fees may apply
U.S. stocks: $0Market fees may apply

Accounts offered: TFSA · RRSP · FHSA · Cash
USD account: USD account
Fractional shares: Not verified
ETF purchases: $0 — market fees may apply
Options: U.S. equity: $0; Canadian equity: CAD 0.99/contract; U.S. index: USD 0.99/contract. Market fees may apply.
Administration and waivers: No annual account fees; optional Questrade Plus at CAD 19.99/month.
Currency conversion: 1.5% CAD/USD conversion; no forced conversion for USD-funded trades.
Fees checked: Oct 18, 2026

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RBC Direct Investing — Full-suite

TFSA · RRSP · FHSA

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Canadian stocks: CAD 9.95CAD 6.95 at 150+ trades/quarter. Full-suite offering
U.S. stocks: USD 9.95USD 6.95 at 150+ trades/quarter

USD account: Not verified
Fractional shares: Not verified
ETF purchases: 50+ selected ETFs: $0; others at stock commission rates.
Options: $9.95 + $1.25/contract; active: $6.95 + $1.25/contract, in market currency.
Administration and waivers: $0 account maintenance fee. GoSmart is a separate offering.
Currency conversion: The rate includes RBC’s spread; varies by amount, date, currency and market conditions.
Fees checked: Oct 18, 2026

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Scotia iTRADE

TFSA · RRSP +4

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Canadian stocks: CAD 9.99CAD 4.99 at 150+ trades/quarter
U.S. stocks: USD 9.99USD 4.99 at 150+ trades/quarter

Accounts offered: TFSA · RRSP · FHSA · RESP · LIRA · RRIF
USD account: Not verified
Fractional shares: Not verified
ETF purchases: Eligible commission-free ETFs subject to holding conditions; others at stock rates.
Options: $9.99 + $1.25/contract; active: $4.99 + $1.25/contract, in market currency.
Administration and waivers: RRSP/RRIF/LIRA/LIF: CAD 100/year below CAD 25,000 and under 12 commissionable trades/year; TFSA/FHSA: $0. Other accounts: see schedule.
Currency conversion: Dealer conversion rate includes a spread or markup; varies by transaction.
Fees checked: Oct 18, 2026

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TD Direct Investing

TFSA · RRSP +6USD accountFractional shares

Affiliate link

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Canadian stocks: CAD 9.99CAD 7 from 150 eligible trades/quarter
U.S. stocks: USD 9.99USD 7 from 150 eligible trades/quarter

Accounts offered: TFSA · RRSP · FHSA · RESP · LIRA · RRIF · Cash · Margin
USD account: USD account
Fractional shares: Fractional shares
ETF purchases: Selected ETFs: $0; others at stock commission rates.
Options: $9.99 + $1.25/contract; active: $7 + $1.25/contract, in market currency.
Administration and waivers: CAD 25/quarter below CAD 15,000 household assets; waivers include CAD 100/month automatic contributions and FHSA-only households.
Currency conversion: TD-determined exchange rate and spread; varies by transaction.
Fees checked: Oct 18, 2026

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Wealthsimple

TFSA · RRSP +2USD account

Affiliate link

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Canadian stocks: $0Market fees may apply
U.S. stocks: $0Market fees may apply

Accounts offered: TFSA · RRSP · FHSA · Margin
USD account: USD account
Fractional shares: Not verified
ETF purchases: $0 — market fees may apply
Options: Equity/ETF: USD 0/contract; index: USD 0.25–1/contract by index. Other fees may apply.
Administration and waivers: Opening, closing and inactivity: $0. USD subscription is separate.
Currency conversion: CAD account: 1.5%. Conversions to/from USD accounts: 1.5% (<CAD 10,000), 1% (10,000–24,999.99), 0.5% (25,000–99,999.99), 0% (100,000+).
Fees checked: Oct 18, 2026

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Webull Canada

TFSA · RRSP +2USD account

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Canadian stocks: $0Market fees may apply
U.S. stocks: $0Market fees may apply

Accounts offered: TFSA · RRSP · Cash · Margin
USD account: USD account
Fractional shares: Not verified
ETF purchases: $0 — market fees may apply
Options: USD 0.99/contract after the first three months’ promotional refund for eligible activations from August 1, 2026. Third-party fees may apply.
Administration and waivers: Not verified
Currency conversion: Exchange rate + 1.5%.
Fees checked: Oct 18, 2026

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TFSA · FHSA +7

TFSA · RRSP · FHSA

TFSA · RRSP +2Fractional shares

TFSA · RRSP

TFSA · RRSP +5USD account

TFSA · RRSP +3USD account

TFSA · RRSP +2USD account

TFSA · RRSP · FHSA

TFSA · RRSP +4

TFSA · RRSP +6USD accountFractional shares

TFSA · RRSP +2USD account

TFSA · RRSP +2USD account