The MoneySense and Surviscor partnership was established in 2013 and the yearly review continues to boast Surviscor’s depth of data and deep-dive into the Canadian online brokerage marketplace. The methodology was altered again this year and remains customized for MoneySense to include hundreds of data points, including price, customer service, product offerings and mobile capabilities.
The 2023 edition of the Best Online Brokers in Canada review represents the 11th annual edition in the partnership. Again this year, Glenn LaCoste, has not only contributed his 30-plus years of industry knowledge to the analysis, he has also penned the majority of the article, offering his take on the winners and valuable advice for the Canadian investor.
Whether you’re new to self-directed investing or a seasoned veteran, the 2023 Best Online Brokers in Canada review will provide you with valuable insight into Canada’s ultra-competitive discount brokerage industry, and help you get the most out of self-directed DIY investing.
|2023 Rank||Online Broker||Overall Points||Surviscor Analysis|
|1||Questrade||33 pts||See Pros & Cons|
|2||TD Direct Investing||31 pts||See Pros & Cons|
|3||Qtrade Direct Investing||26 pts||See Pros & Cons|
|4||National Bank Direct Brokerage||22 pts||See Pros & Cons|
|5||RBC Direct Investing||12 pts||See Pros & Cons|
|6||Desjardins Online Brokerage||11 pts||See Pros & Cons|
|7||Scotia iTRADE||8 pts||See Pros & Cons|
|8||Wealthsimple Trade||4 pts||See Pros & Cons|
|T-9||CIBC Investor's Edge||5 pts||See Pros & Cons|
|T-9||CI Direct Trading||2 pts||See Pros & Cons|
|Last||BMO InvestorLine||0 pts||See Pros & Cons|
|Last||Laurentian Bank Discount Brokerage||0 pts||See Pros & Cons|
|Last||HSBC InvestDirect||0 pts||See Pros & Cons|
|Not Included||Canaccord Genuity Direct||n/a||See Pros & Cons|
|Not Included||Interactive Brokers Canada||n/a||See Pros & Cons|
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