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1:04 Questrade trading and investing
3:35 Interactive Brokers Canada
4:43 TD Thinkorswim Canada Review
6:50 Trade Zero Canada
8:50 Centerpoint Securities Canda
9:47 Wealthsimple (Free commission trading & investing)
Trade with me: https://humbledtrader.com/discord-room
Below are the best online brokers in Canada for day trading, investing etc:
1. Questrade (Long term investing in TFSA and RRSP. Large cap stock and options swing trading)
Get $50 FREE commission trades: http://bit.ly/2GoeUMY
Account minimum: $1,000
Pros: Flexible pricing structure for day traders. Amazing customer service. Data package fees are rebatable. Great trading platform for charting and easy to use online broker web platform
Cons: Expensive monthly data packages. Commissions are flat rate and high.
2. Interactive Brokers Canada (Day trading large cap stocks and options, small cap longs)
Account minimum: $2,000 USD
Pros: Cheap commissions. Getting better at having short borrows on small call penny stocks. I use this broker for day trading penny stocks.
Cons: Expense on monthly individual data subscriptions add up. Slow trade order executions. Level II lag. Terrible customer service
My Interactive Brokers TWS Platform set up: https://youtu.be/UWTWz2GZq30
3. Trade Zero International (Broker for shorting with Small Account)
Account minimum: $500 USD
My Trade ZeroPro platform set up: https://youtu.be/BWBTKqPzE_o
4. Centerpoint Securities (Broker for shorting with Large account)
Account minimum: $30,000 USD
5. Wealthsimple Investing (Robo investing long term for TFSA, RRSP or cash accounts)
Get $50 when you invest with $500: https://wealthsimple.sjv.io/yDxNy
6. Wealthsimple Trade
Get $10 in cash bonus when you deposit $100: https://wealthsimple.sjv.io/m9KJZ
$0 commission trading. But there’s 1.5% FX fee (both buy and sell). Cannot hold USD cash in account. Poor charting interface. No volume indicator studies. 15 min delay in market data.
I would only use Wealthsimple Trade app for casual swing trading with TSX stocks. DO NOT use this app for day trading.
7. Thinkorswim Canada
Account minimum: $25,000 USD
Pros: Powerful interface for options strategies. OnDemand feature. Great platform for technical analysis. FREE live data. Cons: Most expensive broker commission fees around. $6.95/ trade.
My Thinkorswim set up for day trading: https://youtu.be/Hjn40uLaewQ
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My Trading Broker Platforms:
Cobra Trading (Best broker for shorting stocks, $30K min)
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Interactive Brokers Canada: https://bit.ly/3rEmnfr
🇨🇦Questrade Canada (get $50 FREE commission trades)
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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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