TD Easy Trade review
- Stock Trading Fee
- $0 for the first 50 trades annually
- Account Fee
- $0
- Min. Deposit
- $0
- Available Asset Types
- Stocks, ETFs, Cash
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
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$0 minimum deposit
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No account fees
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Accounts hold CAD and USD
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50 commission-free trades per year
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Free learning resources for new investors
Cons
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Only trade stocks, TD ETFs and ADRs
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Pay $9.99 per trade after first 50 trades/year
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Limited to TFSAs, RRSPs and cash accounts
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Few research tools
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 fees | Free (for TD ETFs) |
| Domestic wire payments | Wire out:
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’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 reviews | 4.3/5 stars based on 521 ratings |
| Apple App Store app reviews | 4.0/5 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
- Start an online application on TD’s website. Existing clients can apply by logging into TD EasyWeb
- 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.
- Review and submit your application.
- 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
★★★★★
Finder rating 3.3 / 5
Available Asset Types
Stocks, ETFs, Cash
Stock Trading Fee
$0 for the first 50 trades annually
Min. Deposit
$0
Interactive Brokers
★★★★★
Finder rating 4.2 / 5
Available Asset Types
Stocks, Bonds, Options, Index Funds, ETFs, Currencies, Futures
Stock Trading Fee
min $1.00, max 0.5%
Min. Deposit
$0
CIBC Investor's Edge
★★★★★
Finder rating 3.7 / 5
Available Asset Types
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, Precious Metals, IPOs
Stock Trading Fee
$6.95
Min. Deposit
$0
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.
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