Quick Info

Standard Equity Commission

$9.99
Best Commission Price

$7
Minimum to Open Account

Not Required
Maintenance/Inactivity Fees

$25/Quarter
Commission-free ETF Trading

No
Young Investor Offer

No

HIGHLIGHTS

TD Direct Investing (formerly known as TD Waterhouse Discount Brokerage) is one of Canada’s largest discount brokerages. As a bank-owned online brokerage, it is able to offer clients the ability to manage multiple accounts (including personal banking) and products via the TD online platform. What makes TD Direct Investing stand out relative to most of their bank-owned peers are the amount of education they provide and their diverse set of trading platforms. Specifically, TD Direct Investing offers web-based and desktop platforms for active traders as well as longer-term investors, with the more recent addition of a mobile trading app.

Brokerage Breakdown

ACCOUNT TYPES OFFERED

Registered Accounts

✓ TFSA
- US Dollar Account Available?
  
  ✓
- US Dollar Fee
  
  No fee
✓ RRSP
- US Dollar Account Available?
  
  ✓
- US Dollar Fee
  
  No fee
✓ RESP
- US Dollar Account Available?
  
  X

Non-Registered Accounts

✓ Cash
- US Dollar Account Available?
  
  ✓
- US Dollar Fee
  
  No fee
✓ Margin
- US Dollar Account Available?
  
  ✓
- US Dollar Fee
  
  No fee

ACCOUNT FEES & REQUIREMENTS

Registered Accounts

✓ TFSA
- Minimum Opening Balance
  
  $0
- Minimum Balance Required
  
  $0
- Annual Charge
  
  $0
- Transfer Out
  
  $150
- Withdrawals
  
  $0
- US Dollar Account
  
  0
- Fee Waiver Condition
  
  A maintenance fee of $25 per quarter may apply unless total assets across all accounts $15,000+; or client has Preauthorized Contribution $100+/month in one account; or client had 3+ trades in the preceding quarter.
✓ RRSP
- Minimum Opening Balance
  
  $0.00
- Minimum Balance Required
  
  $0.00
- Annual Charge
  
  $0.00
- Transfer Out
  
  $150
- Withdrawals
  
  Full: $100
  Partial: $25
- US Dollar Account
  
  0
- Fee Waiver Condition
  
  A maintenance fee of $25 per quarter may apply unless total assets across all accounts $15,000+; or client has Preauthorized Contribution $100+/month in one account; or client had 3+ trades in the preceding quarter.
✓ RESP
- Minimum Opening Balance
  
  $0.00
- Minimum Balance Required
  
  $0.00
- Annual Charge
  
  $0.00
- Transfer Out
  
  $150
- Fee Waiver Condition
  
  A maintenance fee of $25 per quarter may apply unless total assets across all accounts $15,000+; or client has Preauthorized Contribution $100+/month in one account; or client had 3+ trades in the preceding quarter.

Non-Registered Accounts

✓ Cash
- Minimum Opening Balance
  
  $0.00
- Minimum Balance Required
  
  $0.00
- Annual Charge
  
  $0.00
- Transfer Out
  
  $150
- US Dollar Account
  
  $0.00
- Fee Waiver Condition
  
  A maintenance fee of $25 per quarter may apply unless total assets across all accounts $15,000+; or client has Preauthorized Contribution $100+/month in one account; or client had 3+ trades in the preceding quarter.
✓ Margin
- Minimum Opening Balance
  
  $0.00
- Minimum Balance Required
  
  $0.00
- Annual Charge
  
  $0.00
- Transfer Out
  
  $150
- US Dollar Account
  
  $0.00
- Fee Waiver Condition
  
  A maintenance fee of $25 per quarter may apply unless total assets across all accounts $15,000+; or client has Preauthorized Contribution $100+/month in one account; or client had 3+ trades in the preceding quarter.
✓ Inactivity Fees
- Inactivity or Maintenance Fees
  
  $25/Quarter
✓ Fee Waiver Conditions
- A maintenance fee of $25 per quarter may apply unless total assets across all accounts $15,000+; or client has Preauthorized Contribution $100+/month in one account; or client had 3+ trades in the preceding quarter.

TRADING COMMISSIONS & FEES

Equity
- Minimum commission per trade
  
  $7.00
- Maximum commission per trade
  
  $9.99
- Standard commission per trade
  
  $9.99
- Best commission per trade
  
  $7
ETF
- Commission-free ETF Trading Available?
  
  X
Options
- Standard Base option commission fee
  
  $9.99
- Standard per contract commission
  
  $1.25
- Assignment and Exercise Commission
  
  Automatic: $15 Client-directed: $43

ONLINE BROKERAGE RANKINGS

Sorry, no data is available.

CONTACT

Website

https://www.td.com/ca/en/investing/direct-investing/

[email protected]

Phone

1-800-465-5463

Customer Service Hours

Mon-Fri: 7am-6pm (ET)

Mailing Address

Client Documentation Department 3500 Steeles Avenue East Tower 2, 2nd Floor Markham, ON L3R 0X1

INDEX

ONLINE BROKERAGE REVIEW

TD Direct Investing Review 2021

Quick Info

HIGHLIGHTS

Brokerage Breakdown

ACCOUNT TYPES OFFERED

Lorem Ipsum Dolorf

$0

Registered Accounts

✓ TFSA

US Dollar Account Available?

✓

US Dollar Fee

No fee

✓ RRSP

US Dollar Account Available?

✓

US Dollar Fee

No fee

✓ RESP

US Dollar Account Available?

X

Non-Registered Accounts

✓ Cash

US Dollar Account Available?

✓

US Dollar Fee

No fee

✓ Margin

US Dollar Account Available?

✓

US Dollar Fee

No fee

ACCOUNT FEES & REQUIREMENTS

Lorem Ipsum Dolorf

$0

Registered Accounts

✓ TFSA

Minimum Opening Balance

$0

Minimum Balance Required

$0

Annual Charge

$0

Transfer Out

$150

Withdrawals

$0

US Dollar Account

0

Fee Waiver Condition

A maintenance fee of $25 per quarter may apply unless total assets across all accounts $15,000+; or client has Preauthorized Contribution $100+/month in one account; or client had 3+ trades in the preceding quarter.

✓ RRSP

Minimum Opening Balance

$0.00

Minimum Balance Required

$0.00

Annual Charge

$0.00

Transfer Out

$150

Withdrawals

Full: $100Partial: $25

US Dollar Account

0

Fee Waiver Condition

A maintenance fee of $25 per quarter may apply unless total assets across all accounts $15,000+; or client has Preauthorized Contribution $100+/month in one account; or client had 3+ trades in the preceding quarter.

✓ RESP

Minimum Opening Balance

$0.00

Minimum Balance Required

$0.00

Annual Charge

$0.00

Transfer Out

$150

Fee Waiver Condition

A maintenance fee of $25 per quarter may apply unless total assets across all accounts $15,000+; or client has Preauthorized Contribution $100+/month in one account; or client had 3+ trades in the preceding quarter.

Non-Registered Accounts

Full: $100
Partial: $25