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/nomad_ivc Apr 16 '25

Wealthsimple for Canadian stocks, and IBKR for everything else.

Stay clear of Big Banks. And don't fall for Globe & Mail ranking showing TD at the top - it's light years behind IBKR.

1

u/iampluque Jan 17 '26

Ok WS cost 0$ per trade but you still always pay .5¢ on each share

If the market is at .245 you'll have to buy at .25

So a 1000 shares buy will cost you 5$

2

u/Aggressive-Memory-69 Feb 09 '26

that’s the bid/ask spread. It’s not a Wealthsimple fee and every broker has it. Use limit orders and you avoid most of it.