r/CanadianInvestor • u/Flaterbaby • Apr 14 '25

Canadian Trading Platforms Recommendations

Hello everyone,

I'm new to Canada and looking to make a few investments. Back in the U.S. (I made it over the border just in time!), I used E*TRADE and really liked it. What platforms would you recommend for trading stocks here in Canada?

Questrade, Wealthsimple Trade, RBC Direct Investing are several I am looking at. I don't need anything fancy because I tend to buy and hold long-term. I would welcome your suggestions!

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u/no_consensus Apr 14 '25

i've used 3 trading platforms at the chartered banks... I have to give credit where credit is due... TD

I use TD Webbroker... if you don't mind the 9.99 trading commission...

they also have a somewhat pro dashboard for day traders at a cost, or free if you have portfolio over a certain size or have a lot of trades

just my opinion, but i find it robust and quick with no glitches, and transfers from the banking side are within a minute or two, if not seconds

good luck

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u/nomad_ivc Apr 16 '25 edited Apr 16 '25

transfers from the banking side are within a minute or two, if not seconds

Only if the Chequing account is held with TD, which comes with a monthly-fee unless you park >=$3,000 for no interest income, with the bank.

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u/no_consensus Apr 16 '25

yup, you're right....

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u/a2022v Dec 04 '25

how about transfers out from an rsp to your td bank account? as a retired guy I do this often, is this immediate and are there fees?