Broker comparison
Compare Canadian brokerages
Pick any two brokers. Compare trading commissions, currency conversion, account coverage, investing features, and current transfer offers that can materially change the fit.
Data freshness
16 of 16 comparison facts have structured source checks
Most recent check: Sep 1, 2026.
Wealthsimple
Qtrade Direct Investing™
Trading commissions
$0 online stock and ETF trades
Canadian and U.S. stocks and ETFs trade commission-free. Currency conversion can still apply to U.S. trades.
$0 online stock, ETF, and mutual fund trades
Options cost $0.75 per contract. Some specialized, representative-assisted, and early mutual-fund sale fees remain.
FX costs
1.5% direct conversion; USD account or Norbert's Gambit can lower repeat costs
Core USD accounts cost $10 a month and are included for Premium and Generation clients. Norbert's Gambit carries a $9.95 plus tax journaling fee.
FX spread available at purchase; Norbert's Gambit has no journal fee
USD registered sides cost US $15 per quarter for RRSP, RRIF, and TFSA accounts, excluding FHSA. Investor Plus clients receive a waiver.
Registered accounts
Broad personal registered-account coverage
Broad personal registered-account coverage
Fractional shares
Available
Real-time fractional trading is available for thousands of eligible Canadian and U.S. stocks and ETFs.
Not offered for regular trades
Qtrade's DRIP documentation specifies full-share reinvestment and does not offer general fractional-share order entry.
Options pricing
$0 commission and $0 contract fee on US equity and ETF options
US equity and ETF options only; options on Canadian securities are not offered. The limited index-options beta charges US$0.25 to US$1 per contract per leg. Options trading is available on web and mobile. Exercise, assignment, regulatory, and currency fees can still apply.
$0.75 per contract
Assignments cost $30 and exercises are processed as representative-assisted transactions.
DRIP
Automatic dividend reinvestment
Eligible dividends can be reinvested automatically, including fractional amounts where supported.
Free, eligible securities, full shares only
Cash dividends can buy full shares in eligible securities. Leftover cash is not carried forward for fractional reinvestment.
Recurring purchases
Daily, weekly, biweekly, or monthly
Recurring purchases are available for eligible stocks and ETFs in self-directed non-margin accounts.
Recurring contributions, but no general stock or ETF auto-buy
Qtrade supports recurring electronic contributions and mutual-fund plans. Regular stock and ETF purchases still require an order.
Current promotions
Compare the latest tracked transfer offers after checking the brokers' everyday costs and features.
Current offer
1% cash match, up to $20,000 on transfers of $25,000 or more
Transfer-fee reimbursement up to $150 per account after a $25,000 transfer.
Up to $5,000 cash back, plus a $100 sign-up bonus
New clients only
$100 sign-up bonus: New clients only; fund the new account with at least $25,000 within the first 30 days of account opening. Paid on or around March 5, 2027.
Required promo code: OFFER2026
Transfer-fee reimbursement up to $150 after a $15,000 combined transfer.
Fees and features change. This comparison is a research shortcut, not a substitute for checking the broker's current terms before opening or transferring an account. Promotions can have account, deposit, and hold-period restrictions.