Stock Brokers that offer commission-free trading in Canada.
As we mentioned earlier, fee-less trading in Canada is a fairly new concept. Currently there is only ONE stock broker that offers 100% free fee-less stock and ETF trading.
And that broker is …. Wealthsimple Trade.
Wealthsimple caters more toward to the entry level client and this is a good and not so good thing.
The good:
- Signing up with wealthsimple trade is quick and easy.(The quickest)
- Their trading platform is simple to use and is very user friendly
- No Trading Fees
- No start up fees or minimum balance required
The Bad:
- Only mobile app based
- Lack of tradable markets
- Delayed charting
- Lack of tradable instruments (Only Stocks and ETFs)
- No sophisticated charting or tools.