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Canadian Discount Brokers
This page is used to keep track of Canadian discount brokers and if they offer:
Synthetic DRIP
If yes, do the require it to be all of your holdings or none
Do they honour the company's DRIP Discount
Do they offer partial/fractional shares
Bank of Montreal (BMO) - BMO Investorline
Synthetic DRIP:Yes. All or None: ? List: Yes, selected securities. Honours DRIP discount: ?
CIBC - Investor's Edge
Synthetic DRIP: Yes (?) All or None: ? Honours DRIP discount. How:
Questrade
Synthetic DRIP: Yes. All or None: No. List: Almost all securities. Honours DRIP discount: No. How: Online Form
Royal Bank - RBC Direct Investing
Synthetic DRIP: Yes. All or None: Yes. List: Approx. 500 securities Link. Honours DRIP discount. How:
TD Bank - TD Direct Investing
Synthetic DRIP: Yes. All or None: No. Honours DRIP discount. How:
National Bank - National Bank Direct Brokerage
Synthetic DRIP: Yes
All or None: No List: Yes, approx. 120 securities.
Desjardins - DisNat Direct
Synthetic DRIP: Yes. All or None: No. Honours DRIP discount. How:
Scotiabank - ScotiaiTrade
Synthetic DRIP: Yes. All or None: No. Honours DRIP discount Online Management per security.
**Buy / Sell select list of 124 ETFs for free.
QTrade Financial Group - QTrade Investor
Synthetic DRIP: Yes. List of Eligible Stocks and Steps All or None: No. Honours DRIP discount (needs to be confirmed)
HSBC InvestDirect
Synthetic DRIP: Yes.
CI Direct Trading (Formerly Virtual Brokers)
Synthetic DRIP: Yes. (Dividend Purchase Plan) Fee of $1/mth per account. Honours DRIP discount: No.
**Buy ETFs - no commission
WealthSimple - Trade
Synthetic DRIP: Yes - Fractional shares. Honours DRIP discount: No. All or None: Yes.
$0 Fee Trading and Fractional Shares - fees
XETrade.com - Currency Exchange (Forex)
$0 Fee forex transfers (EFT / Debit - CAD/ USD)
Closed Brokerages
Closed Brokerages
Credential Securities Credential Direct
$8.88/Trade **Effective 1-Oct-2014 was: $19/Trade or $9.95 if 10 trades/Quarter. $50 + 3rd Party Costs/Certificate Request (~ $75). Total: $84
Jitney Trade - JitneyTrade Online *Low activity fee $25/Qtr if less than 3 trades/Quarter
$8.99/Trade + ECN. $50/Certificate Request. Total: $58.99
Canadian ShareOwners - ShareOwners
$9.95/Trade Pooled) or $19.95/Trade (Individual) $75/Certificate Request. Total: $84.95 or $94
Synthetic DRIP: Yes, fractional and automatic List: Pre-screened securities.
TradeFreedom Accounts Moving to ScotiaiTrade as of Oct 18, 2010
*Low activity fee $25/Qtr possible if <$10K $9.95/Trade. *Minimum $1000 initial deposit. $50/Certificate Request. Total: $59.95
eNorthern - CLOSED as of Aug. 1, 2008
$24/Trade.$20/Certificate Request. Total: $44
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