Best Canadian Brokerages 2026
Side-by-side comparison of Canadian online brokerages — fees, account types, trading tools, and referral bonuses so you can choose the right platform for your situation.
Full Comparison
| Brokerage | Referral Bonus | Min. Deposit | Commissions | Free Tax Returns | Cash Card | Best For | |
|---|---|---|---|---|---|---|---|
| 🍁 Wealthsimple | $25 Free | $100 | $0 | ✓ Yes | ✓ Yes | ⭐⭐⭐ Yes | Claim → |
| Questrade | $50 in trades | $1,000 | From $4.95 | ✗ No | ✗ No | ⭐⭐ Intermediate | See offer → |
| TD Direct Investing | None | $15,000 | $9.99 | ✗ No | ✗ No | Advanced | — |
| RBC Direct Investing | None | $15,000 | $9.95 | ✗ No | ✗ No | Advanced | — |
| CIBC Investor's Edge | None | $10,000 | $6.95 | ✗ No | ✗ No | Advanced | — |
Bonus amounts subject to change. Always verify current offers on each brokerage's website. Full comparison →
Best For Beginners
Wealthsimple is Canada's top pick for new investors — $0 commissions, a clean mobile-first interface, and the widest account selection (TFSA, RRSP, FHSA, non-registered, robo-advisor, and cash in one app).
Best For Active Traders
Questrade offers lower trading costs for active traders, free ETF purchases, and advanced charting tools. Best for investors who trade frequently or want more sophisticated order types.
Most Canadians: Start With Wealthsimple
No trading commissions, no minimum deposit, and the best FHSA + TFSA + RRSP experience in Canada. Use code NLX83A to claim your $25 bonus.
Open Account — Get $25 Free →