When Robinhood launched its commission-free stock trading app in the US in 2013, it sent shockwaves through the brokerage world. Many other low-cost brokerage platforms across Canada and the US soon slashed their fees too, and commission-free stock trading is now commonplace.<\/p>
To help you narrow down your options, we researched and compared trading platforms to find the best low-cost and commission-free stock trading options in Canada. Plus, keep reading to learn which fees you\u2019ll still need to look out for and how to get the most out of your commission-free trading.<\/p>
Yes, there are multiple platforms that offer commission-free trading in Canada, including Questrade and Wealthsimple. So, if you\u2019re a new investor or are currently paying stock trading fees, consider signing up with a trading platform where you can trade stocks and ETFs without paying brokerage fees.<\/p>
Just keep in mind that even though these discount brokerage firms are promoted as free trading platforms, they\u2019re not 100% free. There are some other fees and charges you\u2019ll need to watch out for\u2014but we\u2019ll explain those a little further down the page.<\/p>
Before we do that, let\u2019s look at the best platforms for commission-free stock trading in Canada.<\/p>