The MoneySense and Surviscor partnership was established 2013 between Jonathan Chevreau and Surviscor president and CEO, Glenn LaCoste. The methodology 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 2021 edition of the Best Online Brokers in Canada review represents the 9th 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 2021 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.
|2021 Rank||Brokerage Firm||Overall Points||2020 Rank|
|2||National Bank Direct Brokerage||31 pts||4th|
|3||TD Direct Investing||25 pts||3rd|
|4||Qtrade Direct Investing New Brand||22 pts||1st|
|5||BMO InvestorLine||9 pts||6th|
|6||Scotia iTRADE||6 pts||5th|
|7||RBC Direct Investing||5 pts||7th|
|T-8||Desjardins Online Brokerage||4 pts||8th|
|T-8||Virtual Brokers||4 pts||Last|
|T-8||Canaccord Genuity Direct New Firm||4 pts||N/A|
|T-8||Wealthsimple Trade New Firm||4 pts||N/A|
|12||CIBC Investor's Edge||2 pts||10th|
|13||HSBC InvestDirect||1 pt||9th|
|Last||Laurentian Bank Discount Brokerage||0 pts||Last|