Here is how the dozen online brokers included in this ranking compare in six key areas of interest to mainstream investors who are focused on building their portfolios in a cost-effective way by using combinations of stocks, exchange-traded funds, mutual funds, bonds and guaranteed investment certificates.
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Read more:
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*Send feedback to OnlineBrokers@globeandmail.com
Breaking down the brokers
|
Rank |
Broker |
Costs (/25) |
Trading
|
Tools
|
Customer
|
Account
|
Website
|
Total
|
Last
|
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|
1 |
Qtrade Investor |
16 |
21 |
14 |
11.9 |
10 |
4.5 |
77.4 |
84.1 |
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|
2 |
Credential Direct |
19.5 |
16.5 |
12 |
12.34 |
10 |
4.5 |
74.8 |
70.6 |
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|
3 |
BMO InvestorLine |
15.5 |
15.5 |
16 |
12.08 |
10 |
5 |
74.1 |
76.5 |
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|
4 |
Scotia iTrade |
21 |
17 |
12 |
12.14 |
5 |
4.5 |
71.6 |
74* |
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|
5 |
RBC Direct Investing |
18.5 |
14 |
18 |
12.34 |
4.5 |
3.5 |
70.8 |
70.3 |
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|
6 |
TD Waterhouse |
14.5 |
14.5 |
18.5 |
12 |
8 |
2.5 |
70 |
73.8 |
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|
7 |
Disnat (Classic) |
16 |
13 |
15 |
12.06 |
7 |
3 |
66.1 |
62.9 |
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|
8 |
National Bank Direct Brokerage |
12 |
12 |
13 |
12.17 |
8.5 |
5 |
62.7 |
59.4 |
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|
9 |
CIBC Investor's Edge |
15.5 |
13 |
11 |
11.27 |
5 |
4.5 |
60.3 |
68.2 |
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|
10 |
Questrade |
20 |
11.5 |
8.5 |
12.61 |
4 |
2 |
58.6 |
56.8 |
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|
11 |
ScotiaMcLeod Direct Investing |
11.5 |
14.5 |
14 |
11.62 |
5 |
2 |
58.6 |
60.1 |
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|
12 |
HSBC InvestDirect |
16 |
15 |
9.5 |
10.67 |
2 |
3 |
56.2 |
57.4 |
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*this score applied to E*Trade Canada, which was acquired by Bank of Nova Scotia |
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Rob Carrick