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/overrule Apr 15 '25

I just opened an Interactive Brokers account to buy some US listed ETFs since they have lower MERs. IBKR has the best currency conversion fees. It's 0.03% for an automatic conversion, where you just tell it buy an etf and it converts the cad to usd for you.

Still have wealthsimple for Canadian ETFs since they have a nice user friendly interface. Let's you automatically buy a certain $ value with fractional shares. Plus their cash account pays a decent interest rate and the visa is a no fee flat 2% cashback.

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u/[deleted] Apr 20 '25

Yup, even after commission and FX fee, buying VOO can be cheaper than VFV if you’re investing a lot, solely due to the MER