The MoneySense and Surviscor partnership was established 2013 between Jonathan Chevreau and Surviscor president and CEO, Glenn LaCoste. The methodolgy has been altered over the years and remains customized for MoneySense to include hundreds of data points, including price, customer service, product offerings and mobile capabilities. The review continues to boast Surviscor’s depth of data and deep-dive into the Canadian online brokerage marketplace.
The 2020 edition of the Best Online Brokers in Canada review represents the 8th annual edition in the partnership. 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 2020 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 DIY investing.
|2020 Rank||Brokerage Firm||Overall Points||2019 Rank|
|1||Qtrade Investor||25 pts||2nd|
|3||TD Direct Investing||17 pts||3rd|
|4||National Bank Direct Brokerage||17 pts||6th|
|5||Scotia iTRADE||11 pts||4th|
|6||BMO InvestorLine||11 pts||7th|
|7||RBC Direct Investing||8 pts||5th|
|8||Desjardins Online Brokerage||5 pts||10th|
|9||HSBC InvestDirect||3 pts||8th|
|10||CIBC Investor's Edge||2 pts||9th|
|T-Last||Virtual Brokers||0 pts||Last|
|T-Last||Laurentian Bank Discount Brokerage||0 pts||Last|