Td canada trust options trading

All rights reserved. To order copies of Toronto Star articles, please go to: www. Skip to Main Content. Skip to Main Content menu Loading By The Canadian Press Thu. Report an error. Journalistic Standards. Execute your forex trading strategy using the advanced thinkorswim trading platform.

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If you're a serious forex trader, you want serious technology that's going to keep up with you day and night. With thinkorswim you get a completely integrated platform that features everything you need to perform technical analysis, gain insight, generate new ideas, and stay on top of the international monetary scene. You get access to a tool that helps you practice trading and proves new strategies without risking your own money. TD Ameritrade's paperMoney is a realistic way to experiment with advanced order types and new test ideas. Sharpen and refine your skills with paperMoney.

Investment Products Forex. All you need to trade forex, from a leader in trading Forex trading is available 23 hours per day Sunday through Friday. On that front, you may notice a few firms missing from our ranking. We left out Interactive Brokers because it is not designed for an average investor and it simply has not fully Canadianized its offering; Canaccord Genuity Direct formerly Jitney Trade as we need more time to assess its post-rebranding services as the past brand was not doing business for most of ; and Wealthsimple Trade , which has been wrongly labelled by many as an online brokerage firm as it only offers a mobile application with limited functionality, resources, account types, product, market information and services expected of a Canadian discount brokerage firm.

Our goal is to provide you with the facts to help you make an informed choice of a potential discount brokerage. Go here for our full comparison tool of all 12 online brokers to see how they stack up. Our No. Its superior user experience made even better this year with a new suite of portfolio analytics tools and market analysis for ETF investors also makes this online broker the leader in our UX and ETF categories. And, although Qtrade does not place first in every category, it consistently fares well across the board.

Fees are competitive, but not the lowest around. Still an excellent option—not to mention our top choice in the categories of mobile experience, initial impression and customer service be sure to read the reviews below —Questrade still lags when it comes to the market data it provides. X Uses an electronic communication network ECN , which adds extra per-transaction fees.

X Charges commissions on ETF sell orders.

TD Direct Investing, the largest discount brokerage firm in Canada, rounds out the top three for the second year in a row, with a score of 22 points. Note that the No. Some online brokers excel in areas that may be important to certain customers. Explore each category below:. Much of the marketing you see for online brokerage firms tends to focus on fees—and with good reason. To get a clearer picture on fees, we analyzed more than 13, individual trades using 10 different investor profiles. Those profiles were split into five account asset levels, and five levels of monthly trade frequency.

We compared fees for stock, options and ETF trades, and also looked at account interest rates and general account fees. National Bank also offers competitive equity commissions, interest rates and account fees, but it is less economical for options traders. User experience, also referred to as UX, covers a broad range of factors that influence how it feels for investors to use an online brokerage service.

Bank-owned firms, on the other hand, tend to overlook the fact that paying a bill and placing a trade are very different experiences. Moreover, their newest designs seem to be less intuitive and more directed at driving cross-sales, instead of improving overall account management, trading experiences and educational content for DIY investors. Despite an older design, Qtrade Investor is the UX winner given its breadth of data, ease of both locating and using the information, strong trading experiences, easy-to-find usage policies and exceptionally good account management tools.

The newest addition to the Qtrade Investor platform, which deserves mention, is its portfolio analytics lineup, Portfolio Score, Portfolio Simulator, and Portfolio Creator. Questrade, our runner-up in UX, has an intuitive online platform with industry-leading customization features and functionality, so investors can tailor their experience to their personal preferences.

For decades, Canadians turned to mutual funds for diversification. As regulations changed and fees became more transparent, exchange trade funds ETFs became the security of choice. Like mutual funds, an ETF is a basket of investments, but one that tracks an entire market instead of relying on fund managers to select the assets they think will perform well. As a result, the fund management fees called a management expense ratio, or MER for ETFs are much lower than for mutual funds. For this category ranking, we looked at the overall experience of investing in an ETF, including the availability of free product, research such as screeners and market information that can help investors with their decisions, and the general experience of placing a trade.

Qtrade Investor tops the ETF category mainly because it provides investors with a complete analysis of the ETF market so they can make more informed decisions. It also offers free purchases and sales on a list of ETFs, but these tend to be thinly traded ETFs rather than the most popular ones. On the flip side, runner-up National Bank Direct Brokerage is more competitive than Qtrade with its free offerings: no-commission buying and selling of all North American ETFs with minor trading restrictions, including a minimum amount of shares, placing non-phone trades and subscribing to electronic statements.

The drawbacks, again in direct contrast to Qtrade, are its research tools and general trading experience. We are often asked why we place so much value on market data in our assessments of online brokers. The answer is simple: for DIY investors, everything starts with a quote. When an investor decides its time to buy or sell a security, its price determines the trade contract.

Our evaluation considers the overall experience of obtaining relevant market information, which includes the depth of a quote, general market information, analyst views, supporting charts, industry research as well as both fundamental and technical analysis. Today, an investor can expect superior depth of information for quotes, charting and technical analysis, research, and industry-leading market notifications or alerting.

The availability of market data for both individual securities and overall market analysis makes TD our top choice in this category. Our market data runner-up, Qtrade Investor, provides exceptional quote depth and fundamental stock information along with strong interactive charting, technical analysis, and equity research. The Canadian discount brokerage industry was late to the financial services mobile party, and it still lags behind both its Canadian banking counterparts and discount brokerage firms south of the border.

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With the current sophistication of mobile devices, investors expect to have the same experience on their phones as they would on a desktop or laptop. The days of satisfying mobile users with access to quotes, basic account information and trades are over. Some progressive online brokers do have a near-full account experience via mobile, offering all the same tools and analysis investors would find on their computers.

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But, in general, most Canadian firms are far from that level. The seamless integration between its online and mobile platforms makes Questrade our top choice in the mobile experience category. BMO InvestorLine was one of the original firms to provide mobile capabilities and it continues to be a leader, especially when it comes to strong account and market data via mobile. But, how clearly and accurately does a firm portray itself on its public website while trying to sell you on its merits? We look for informative public sites that fully explain: what an investor can expect if they become a customer, whether they provide free insight into the markets, what the fees are for various trading level and, most importantly, how the process for opening new accounts works.

One would think that each firm has the same message, but only a handful of firms really excel in terms of providing clarity and transparency on this critical initial experience. The account and pricing information is clear and easy to navigate, the account opening experience is straightforward and fully digital no handwritten signatures required , and there are free resources for non-clients, including practice accounts.

Sometimes a race is too close to call. Both TD Direct Investing and National Bank Direct Brokerage have done a great job at integrating a discount brokerage firm offering within a bank-based information site, so they tie for runner-up in the initial impression category.

You want to take charge of your trading? Good. We like the take-charge type.

If you ask me, customer service is the key differentiator between firms and should never be taken lightly. In most cases, online investors are not looking for face-to-face interaction, but rather quick responses regarding both general and secure service questions. While one could argue that COVID has had a major impact on the current and future state of customer service, our research over the past decade indicates that service levels were dropping well before the world stopped moving.

It has shown its commitment to clients with a consistent track record of responsive service typically under four hours even through the COVID crisis to date. In addition, Questrade offers live chat and correspondence via social media for investors who prefer those channels. Looking for more information? BMO InvestorLine. Desjardins Online Brokerage.

Laurentian Bank Discount Brokerage. National Bank Direct Brokerage.



Qtrade Investor. RBC Direct Investing.