Is $1,000 good to start trading?

Yes, $1,000 is more than enough to start trading. Many Canadian trading platforms now support fractional shares , which means you can start trading stocks with as little as $1.

What's the best trading platform in Canada?

There's no single trading platform that's the best choice for everyone, so it's about finding the best broker for your needs. Look for a broker that offers low or no fees, that supports the type of trading you want to do, and that offers easy-to-use online and mobile trading interfaces.

How do I open a trading account in Canada?

You can open a stock trading account by filling out an online application through a broker's website. You'll need to provide your personal information, contact details, some basic financial information and proof of ID. Once you've submitted your application and been approved, you'll need to link your bank account and transfer funds to start trading.

Do all of Canada's Big Five Banks have stock trading platforms?

Yes, we review what each of Canada's Big Banks have to offer self-directed investors in the following guides: TD Direct Investing RBC Direct Investing CIBC Investor's Edge Scotia iTRADE BMO InvestorLine However, you'll also have to compare what the Big Five have to offer with online trading accounts from discount brokerages before deciding on the right platform for your needs.

Can I invest in US stocks if I live in Canada?

Yes, you can buy US stocks through Canada-based brokerages that provide access to US stock exchanges. Most Canadian brokerages let you trade US stocks. Learn more in our guide to buying US stocks in Canada .

What stocks can I buy online?

It's possible to buy any stock online, depending on the global exchanges your broker provides access to. In Canada, it's generally much easier to buy Canadian and US stocks than stocks listed in other countries. Similarly, not all brokers let you trade over-the-counter (OTC) stocks or fractional shares, but some do.

Do I need to make a minimum deposit to open a trading account?

It depends on the broker you choose. While many brokers have no minimum balance requirements, some do have minimum limits in place. Check the fine print before signing up for an account.

What is the difference between a discount broker and a full-service broker?

A discount broker is an online provider that offers low- or no-commission trading of stocks, ETFs and other assets. A full-service broker provides a wider range of investment advice and services, including financial planning, portfolio management and personalized advice. They charge higher fees than discount brokers, and in some cases you'll need to be a high-net-worth individual to qualify to use a full-service broker.