Top Forex Trading Companies In Canada

Questrade

Questrade Commissions and Products

Investments	Commissions
Stocks (Democratic Program)	$0.01 per share, $4.95 minimum, $nine.95 maximum per trade
Stocks (Advantage Variable Plan)	$0.01 per share, $0.01 minimum, $6.95 maximum per trade
ETFs	All Canadian and U.South. ETFs are gratis to buy; standard commission to sell
Options	$9.95 + $1 per contract ($6.95 + $0.75 per contract in Advantage Variable; $4.95 + $0.75 per contract in Advantage Fixed)
Options assignments	$24.95
Mutual funds	$9.95
Gold or Silverish	$19.95 per merchandise
Bonds	$0 per trade
Forex	spreads equally depression as 1-2 pips on the major currency pairs

Investments	stocks, options, mutual funds, international stocks, gold, CNSX securities, bonds, term deposits, GICs, ETFs
Questrade minimum deposit to open up account	$1,000 ($250 minimum to proceed an business relationship open up)
Fees	Questrade fees

Questrade Pros

Very skilful commissions on all products, except options
Ability to purchase concrete gold
No surcharges for big orders, stocks under $1, or extended hours trading
Ability to concord U.Due south. dollars
Forex trading is available
Online Trading Academy courses
Checking account (but with an annual fee)

Questrade Cons

Client service needs improvement
Approachable ACAT of $125 - virtually companies charge this fee, just few set information technology so high

All-time Canadian Brokerage Review

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Questrade is a Canadian discount brokerage firm that accepts as customers only Canadian citizens and residents. The visitor provides very adept investment commissions: 1 cent per share, $4.95 minimum, $9.95 maximum per trade on stocks and exchange traded funds, $9.95 plus $1 per contract on options and $9.95 per merchandise on mutual funds. In that location are no business relationship maintenance and inactivity fees. Minimum to open a cash account is $1,000, and $250 is required to continue it open.

Questrade is well-known for offering an easy way for its customers to purchase and shop physical aureate. Each gold trade is only $twenty. A customer'southward gilded is kept safe at the Royal Canadian Mint. This is a very convenient and cheap style for investors to hedge confronting possible inflation and currency collapse.

Questrade offers a few choices for trading platform: QuestraderWEB is spider web-based and gratuitous; QuestraderPRO and QuestraderELITE are stand-lonely, professional platforms for agile traders for which the visitor charges a fee. All platforms are well-designed, fast, and intuitive.

Questrade is ranked #1 online brokerage in Canada in commissions and fees. Considering of very low pricing, ability to buy aureate, few fees, and no surcharges, we strongly recommend Questrade to anyone: whether they want a professional trading platform or a tool for do-it-yourself investing.

Questrade Promotion - click link below to get $l in free trades

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Interactive Brokers

Interactive Brokers Commissions and Products

Production	Toll
Stocks and ETFs	$0 for IBKR Lite account; $0.005 per share with $one minimum, 0.5% of trade value maximum for SMART routed orders for IBKR Pro account. For either Stock-still or Tiered schedule, max=1% of trade value.
Options	$0.65 per contract if premium => $0.ten; $0.50 per contract if $0.05 =< premium < USD 0.ten; $0.25 per contract if premium < $0.05 + exchange fees. Minimum $1 per gild.
Common funds	Lesser of $14.95 (minimum size on initial fund society is $3,000, subsequent minimum order size is $100) or 3%*Merchandise Value.
Corporate and municipal bonds	10bps is for start $10k, then ii.5bps* Face up Value thereafter. But has min of $1.00 and max of lesser of $250 or one%Merchandise Value. Munis – 0.05% of offset $10k (5bps), so 0.025% (2.5bps)Confront Value thereafter, with $1.00 min and max of lesser of $125 or i%*Trade Value.
Treasuries (bills, notes, bonds)	First USD i,000,000 in Face Value is 0.002%* Face Value (0.two bps). Additional Confront Value > USD 1,000,000 is 0.0001%* Face Value (0.01 bps). $5 minimum. Thereafter, 0.0001%* Face Value (0.001bps). No maximums.
Metals	0.fifteen basis betoken * merchandise value; minimum $two; storage cost 0.x% per annum
U.s.a.-futurity and future options	$0.85 per contract
Forex	0.20 ground signal * trade value if monthly book<= $1,000,000,000; minimum $2

Investments	stocks, options, mutual funds, ETFs, bonds, futures, currency transactions, US SSFs, EFPs, metals, CFDs, warrants, futures options
IB minimum deposit to open up account	$0 for cash account, $2,000 for margin account
Fees	Interactive Brokers fees
Promotion link	Interactive Brokers promotions

Interactive Brokers Pros

Depression commissions
Professional trading platform
The everyman margin rates in the industry
Access to 100 markets worldwide
Rich choice of products for trading

Interactive Brokers Cons

$10 monthly for market place data feed
$seven.50 quarterly fee for IRA accounts ($thirty per year)
Complicated fee structure
Trader Workstation is designed for professional traders; it is not intuitive and hard to learn
Lots of client complaints near snobby customer service (and yes, we experienced it ourselves)
Merciless margin tightening and fast margin calls - IB apparently doesn't care if their customers get completely wiped out
Minimum size on initial common fund order is $iii,000 (subsequent minimum order size is $100). But no-load funds and short term redemption fee funds are offered

Overview

Read detailed Interactive Brokers Review »

Interactive Brokers is one of the largest online brokers in the world. It's a U.S. company that also operates in Canada, Hong Kong, and other countries. On an average trading mean solar day, the company facilitates and executes over 2,000,000 trades per day. Add to that a client base of over 11.5 meg customers, and it is like shooting fish in a barrel to say that they are a massive actor in the discount brokerage market.

However, equally with all well established brokers offering online trading services to traders, investors, and institutions, there are a number of pros and cons with the company and using them every bit a broker. In IB review, those various pros and cons are discussed in gild to help any potential clients make an informed decision.

IBKR Lite

Interactive Brokers has an unmatched range of products all in i place. Investors will discover a thorough set of stocks, bonds, options, ETFs, futures, and common funds. They offering a variety of precious metals to invest in, and i can even merchandise Forex direct through Interactive Broker's trading platform. Perhaps about impressive of all is the wide variety of strange markets that you have access to every bit an investor.

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Republic of chad Morris is a financial writer with more xx years experience equally both an English language teacher and an avid trader. When he isn't writing expert content for Brokerage-Review.com, Republic of chad can ordinarily be found managing his portfolio or building a new dwelling house computer.