The best time to start investing is now. With the right broker, you can save a lot of money and have your investments grow faster. However, choosing a broker can be tricky sometimes. But we can help you with information about some of the best online brokers in Canada. So, this post will help you find one that suits your investment needs and budget. So, keep reading to know which are Canada’s top online brokers!

An online broker works just like a regular broker but often in an easier way. Online brokers allow you to open brokerage accounts to invest in the stock market. Moreover, if you don’t have an online brokerage account, you can’t trade in the online stock market. So, online brokers are like facilitators for you to buy and sell investment options. And even though many online brokers charge commission fees, many don’t and still have excellent deals.

Wealthsimple Trade is an excellent online broker for those just starting in the investment world. With this online broker, you can buy and sell stocks and ETFs with no commission fees. Moreover, you can even trade some cryptocurrencies, such as ethereum. Also, you can invest in TFSAs, RRSPs, and non-registered accounts.

This online broker can be excellent for those looking for low commission fees. Also, there is no annual fee or fees for ETFs. Moreover, if you are a more experienced active trader, you can access several data to improve your investments. However, some of these advanced plans come with some monthly fees. But the advantages can make it worth the fees.

Qtrade is one of the best online brokers in Canada, and it can be excellent for beginners and experienced traders. Also, this trading platform offers a good selection of ETFs and with no commissions. Moreover, the platform’s interface is user-friendly, and you can easily find good education research.

Even though this online broker has some relatively high fees, it can be worth considering. Also, this online broker has relatively high fees because it focuses on offering the best services to its clients. So, if you want a high-end trading platform, TD Direct Investing can be for you.

If you are looking for an online broker that can give you low commissions as a new trader, CIBC Investor’s Edge may be for you. Moreover, this online broker has a user-friendly interface. Also, you can find many excellent research tools in it, such as real-time market data and watch lists.

This is a very well-known online broker in Canada. It offers many investment options and good features. Moreover, this online broker is suitable for both beginner and experienced traders. However, you will need to deposit $1,000 to start trading through this platform.

BMO InvestorLine Self-Directed is an online broker that offers excellent research tools to beginners and more experienced traders. In addition, its platform can be better for investors who like to be more independent in their investments. Also, you can have a $9.95 flat-fee charge for stocks and ETFs. Moreover, the mobile app is straightforward and good for beginners.

National Bank Direct Brokerage is an online broker that is starting to grow into one of Canada’s best online brokers. Also, this broker does not charge commissions for stocks and ETFs. Moreover, you can open your account and become a self-directed investor commission-free.

This broker offers excellent educational resources and other investment tools. Moreover, you can get access to quick and good customer service. However, the mobile app still needs to improve more.

Scotia iTRADE can be an excellent online broker option for traders who want good educational resources. Moreover, this broker does not charge fees for purchasing and selling mutual funds. However, there is a $25 account maintenance fee, which is waived in the first six months from your account opening.

Before you choose the best online broker for you, you can do some more research about how to invest in Canada. So, check out our post below with a guide to start investing in Canada!