In this guide

  • Our verdict
  • Frequently asked questions
  • Your reviews
Finder makes money from featured partners, but editorial opinions are our own.
TD Easy Trade
3.3
★★★★★
Finder score
Stock Trading Fee
$0 for the first 50 trades annually
Account Fee
$0
Min. Deposit
$0
Available Asset Types
Stocks, ETFs, Cash
All information about TD Easy Trade has been collected independently by Finder. Finder is not connected with TD products, and this page is not sponsored, endorsed or administered by, or associated with, TD. All product names, logos, and brands have been used for identification purposes only and are property of their respective owners.

Our verdict

Use this self-directed trading app to learn the basics of investing with a streamlined app and a number of free trades annually.

Consider TD Easy Trade if you're a beginner investor who wants commission-free trades and free learning resources. Look elsewhere if you're an active trader or if you want access to a wide range of accounts and investment types.

Best for: Beginners and investors only interested in trading stocks.

Pros

  • $0 minimum deposit
  • No account fees
  • Accounts hold CAD and USD
  • 50 commission-free trades per year
  • Free learning resources for new investors

Cons

  • Only trade stocks, TD ETFs and ADRs
  • Pay $9.99 per trade after first 50 trades/year
  • Limited to TFSAs, RRSPs and cash accounts
  • Few research tools

In this guide

  • Our verdict
  • Frequently asked questions
  • Your reviews

How we rated TD Easy Trade’s features

Fees

★★★★★

Offers no account maintenance fees and 50 commission-free trades per year.
Available securities

★★★★★

Can only trade stocks, TD ETFs and ADRs. Can’t trade mutual funds, GICs, options or non-TD ETFs.
Customer support

★★★★★

Get help in person at a local branch or by phone 5 days/week. No live chat.
Mobile app

★★★★★

Most users give the mobile app medium to high ratings. The interface is fairly straightforward.
Research and tools

★★★★★

Research tools are simplified and limited. Provides real-time quotes.
Reliability

★★★★★

No major outages have been reported, but many users report bugs and errors.

To learn how our star ratings are calculated, read our methodology at the bottom of the page.

TD Easy Trade is best for beginners

TD Easy Trade is good for self-directed investors who want a non-overwhelming introduction to buying and selling stocks. It’s easy to transfer funds between existing TD accounts and your TD Easy Trade account. Make trades and view your investments online or via mobile app.

What you can trade on TD Easy Trade

  • Stocks
  • TD exchange-traded funds (ETFs)
  • American depositary receipts (ADRs)

Where TD Easy Trade shines

With TD Easy Trade, you can trade thousands of stocks listed on Canadian and US exchanges plus dozens of ETFs designed by investment experts at TD. Add international companies to your portfolio by investing in ADRs, which are stocks of non-US companies held by US depository banks.

The platform is welcoming to newcomers, offering no account maintenance fees, a $0 minimum balance requirement and 50 commission-free trades per year.

Where TD Easy Trade falls short

TD Easy Trade isn’t suitable for advanced investors who want extensive research tools and access to many types of securities. You can only open Tax-Free Savings Accounts (TFSAs), registered retirement savings plans (RRSPs) and cash accounts.

This means you can’t open RESPs, RIFs, LIRAs, LIFs, RDSPs or margin accounts (which let you trade with borrowed funds). Additionally, you can’t trade non-TD ETFs, mutual funds, options, bonds, GICs or fractional shares.

TD Easy Trade fees

Minimum deposit$0
Monthly fee$0
Stock trade fees$0 for the first 50 trades annually (then $9.99 each)
ETF trade feesFree (for TD ETFs)
Domestic wire paymentsWire out:
  • Up to $10,000: $30
  • $10,000 – $50,000: $50
  • Over $50,000: $80

Wire in: $17.50

Account transfer fee$150

Is TD Easy Trade legit?

TD Easy Trade is backed by one of Canada’s biggest banks and is regulated by the Investment Industry Regulatory Organization of Canada (IIROC). Customer accounts are protected by the Canadian Investor Protection Fund (CIPF), so balances are protected up to $1 million if TD goes bankrupt.

TD Easy Trade is easy to use

It’s very easy to use TD Easy Trade since it’s designed to teach you how to invest. This means that you’ll learn how to navigate the mobile app, execute trades and set your risk balance all in a single place.

All you need to do is download the TD Easy Trade app and sign up for an account to get started. From there, you can load funds into your account, make investments, learn more about the “how to” of investing and set goals to track your progress.

TD Easy Trade’s app

With the TD Easy Trade mobile app, you can buy and sell stocks and ETFs. Get real-time market data and track securities on up to 10 watchlists.

TD Easy Trade mobile app screenshots

TD Easy Trade’s desktop tools

TD Easy Trade focuses on teaching you how to trade, but it doesn’t offer many research tools and those that are available aren’t complex. But you can take advantage of in-app videos, live master classes and webinars designed to teach you how to buy and sell investments. Set and track goals, and find investments that match your strategies.

TD Easy Trade’s app store reviews

Google Play app reviews4.3/5 stars based on 521 ratings
Apple App Store app reviews4.0/5 stars based on 630 ratings

TD Easy Trade’s customer support

TD Easy Trade customer service can be contacted by phone 5 days a week. You can also visit a TD branch in person to speak to a representative if you want help with your account. Unfortunately, there’s no live chat or email option.

How to open an account with TD Easy Trade

  1. Start an online application on TD’s website. Existing clients can apply by logging into TD EasyWeb
  2. Use the online application to provide personal details like your name, contact info, a copy of government-issued ID and the account type you want.
  3. Review and submit your application.
  4. Load funds into your account to start trading.

Eligibility and required information

  • Canadian resident
  • Be at least the age of majority in your province or territory (18 or 19 years old)
  • Valid government-issued ID
  • Social Insurance Number (SIN)
  • TD account to fund your investment account, or you can transfer funds from a non-TD account via bill payment.
  • Note: must have a smartphone to receive texts for multifactor authentication

How safe is TD Easy Trade?

TD Easy Trade has a number of industry-standard measures in place to protect customers’ money and data. This includes:
  • Data encryption
  • 2-step verification
  • 24/7 platform monitoring to identify unusual activity
  • Firewalls

Compare TD Easy Trade with other platforms

TD Easy Trade logo

TD Easy Trade

★★★★★

Finder rating 3.3 / 5


Available Asset Types

Stocks, ETFs, Cash


Stock Trading Fee

$0 for the first 50 trades annually


Min. Deposit

$0


Signup Offer

Interactive Brokers logo

Interactive Brokers

★★★★★

Finder rating 4.2 / 5

Go to site


Available Asset Types

Stocks, Bonds, Options, Index Funds, ETFs, Currencies, Futures


Stock Trading Fee

min $1.00, max 0.5%


Min. Deposit

$0


Signup Offer

CIBC Investor's Edge logo

CIBC Investor's Edge

★★★★★

Finder rating 3.7 / 5

Go to site


Available Asset Types

Stocks, Bonds, Options, Mutual Funds, ETFs


Stock Trading Fee

$6.95


Min. Deposit

$0


Signup Offer

100 free trades + up to $4,500 cash back

How we rate trading platforms

★★★★★ 5/5 — Excellent

★★★★★ 4/5 — Good

★★★★★ 3/5 — Average

★★★★★ 2/5 — Subpar

★★★★★ 1/5 — Poor

We analyze top online trading platforms and rate them one to five stars based on factors that are most important to you. These factors include fees, securities available for trade, customer support, customer feedback, platform resources and overall reliability.

For a complete breakdown of how we score each category, read the full methodology of how we rate trading platforms.

Frequently asked questions

This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.

Your reviews

Not enough reviews Write a review
Go to site