Best Online Broker For Day Trading In Canada 2025

Wealthsimple is a robo-service for investment management, that's why the commissions are charged using a special principle. There is an annual management fee, but not a per-trade fee, like at classical stock brokers. Its size depends on the amount invested and the jurisdiction of the client. Residents of Great Britain pay 0.7% for capital management up to 100,000 GBP/CAD; Canadians pay 0.5%. If the deposit exceeds 100,000 GBP/CAD, the robo-advisor charges British investors 0.5% and Canadian investors 0.4%. On top of the management fee, Wealthsimple charges only a 0.035% currency conversion fee in cases where the currency of purchase or sale of an asset is different from the account currency. No withdrawal, deposit, or account maintenance fees apply (even with a zero balance).

During our analysis of trading conditions, it was found that Revolut limits the number of trades without commissions. Depending on the account type, 1-5 transactions per month are free. There is a monthly subscription fee of £2.99-£12.99 on different accounts, which can be reduced by 20% if you pay in advance for a year. The broker charges a fee of 1 USD for additional orders. Since stocks listed on American exchanges are offered for investment, the fees are calculated in USD and then the funds are converted to the account currency at the current exchange rate. For transactions in cryptocurrency, the commission is 1.5-2%, and for transactions in precious metals, it’s 0.5-1.5% of the transaction volume. The amount of interest depends on the selected trading account. No additional hidden commissions were revealed.

Traders Union analysts have verified Interactive Brokers for hidden fees and assessed the commission level in the company. You can withdraw funds for free once a month; if you withdraw funds more often, you’ll have to pay a fee, the amount of which varies depending on the base currency of the account and the payment system.

Traders Union specialists have analyzed trading conditions of Interactive Investor to reveal trading and non-trading commissions. Zero brokerage commission is applicable only to traders, the value of which does not exceed GBP 25,000 (for US and UK residents) and GBP 100,000 (for traders from other countries). The client can remove the restriction on the number of allowed opened trades. For this, a trader needs to pay a GBP 13.99-19.99 subscription fee and after that the commission for each additional trade will amount to GBP 3.99-7.99. In other cases the trading fee is 0.04-0.1% of the trade on all instruments. The broker charges foreign citizens with a withdrawal fee in the amount of 0.25%-1.5% of the withdrawal amount for wire transfer transactions. All commissions are withheld when the money is withdrawn.

Traders Union analysts analyzed Q trade to determine the actual size of trading and non-trading commissions and also concealed fees. The information about trading and non-trading commissions is provided to investors in full. The broker charges USD 8.75 commission for trading stocks, USD 8.75 + USD 1.25 per contract for trading options. The broker provides investors access to 100 free ETFs; the commission for trading ETFs that are not on the list of free ones is USD 8.75. Trading mutual funds is commission free, while the commission for exchange bonds and bonds with fixed income is USD 1 per each USD 1,000 (nominal value is taken into account). For investors who chose the Investor Plus plan, the commission is reduced from USD 8.75 to USD 6.95. There is also a non-trading commission. If an investor closes the account during the first 12 months, the broker will charge USD 100 commission; there are also administrative fees for physical certificate withdrawal, certificate safekeeping, cheque requests, etc. The administrative fee is not charged only in case the client has at least USD 25,000 on the account balance or if the trader participates in the young investor program (aged 18-30).