Brokerages
TFSA, RRSP, FHSA, active trading — compared on fees, account types and current sign-up offers.
Take the 30-second match below or browse the current sign-up offers we track.
Our pick
$0 commissions on Canadian and US stocks and ETFs, no account minimum, and fractional shares — a simple first brokerage for most Canadians.
Current offers
Wealthsimple
New clients get a $25 cash bonus when they open a Wealthsimple account through our referral link and deposit at least $100 from another institution within 30 days.
Checked against Wealthsimple's official offer page on .
Questrade
For new Questrade clients only: no open Questrade or QWM account now, and no completed account in the past 3 years. You must be a Canadian resident who has reached the age of majority. Enter code 0MARGIN when you start a self-directed margin account application, then open and fund the account and get approved for margin, all within the offer period (September 1 to December 1, 2026 in the offer terms; a footnote on Questrade's site says December 31). Questrade rebates the margin interest charged on USD balances, up to US$5,000 of debit balance. The rebate lasts up to 180 days (maximum 6 rebate cycles). Interest on CAD balances does not qualify. One per customer, and it can't be combined with other offers. Other offers on the same promotions page: Questrade reimburses the fees another institution charges for a transfer, up to $150 per account; a referral code pays $50 each to the new customer and the referrer when an account is opened and funded; and Questrade Plus is free for the first 30 days. Questrade's terms also state: "Borrowing to invest involves significant risk; losses can exceed deposits."
Offer ends .
Checked against Questrade's official offer page on .
Moomoo Canada
For new Moomoo Canada clients who register for the first time after June 1, 2026, and sign up through Moomoo's promo landing page. Clients who first register on or after September 1, 2026 also get ten $10 trading coupons for a net deposit of at least $100, each usable on a stock transaction of $100 or more. A net deposit of at least $1,000 unlocks 10 free-stock draws, and at least $8,000 unlocks 30 in total. Registering and depositing through an existing client's invitation link raises those to 13 and 33 draws under Moomoo's separate referral campaign terms. The stocks you draw stay frozen until your average daily assets over the next 30 days stay at or above that deposit tier; if they don't, the stocks are removed. Draw chances expire 30 days after they're awarded. New brokerage accounts also get a 30-day Moomoo Engine trial that pays 6% on up to CAD $10,000 of uninvested cash (you have to enrol in Cash Sweep), plus a 30-day commission rebate card. One set of rewards per person and per device. Canadian residents over the age of majority only. Both the welcome promotion and the referral campaign end on October 31, 2026.
Offer ends .
Checked against Moomoo Canada's official offer page on .
Questrade
You need a referral code from an existing Questrade customer. Only people new to Questrade qualify: no existing Questrade application or account. The code is applied while the application is being filled in, and it can't be added once an account number has been issued. Open a self-directed or Questwealth Portfolios account, and finish opening and funding it within 60 days of starting. Questrade pays $50 to the new customer and $50 to the referrer the month after the account is completed. Each new customer can use only one referral code, and it can't be combined with other offer codes such as 0MARGIN. The reward is in Canadian dollars, and Questrade can modify, suspend or cancel it at any time without prior notice. Questrade's pages list no end date for the referral reward.
Checked against Questrade's official offer page on .
Go deeper
FAQ
Our pick for beginners is Wealthsimple. It charges $0 commission on listed Canadian and US stocks and ETFs, and its self-directed account types are TFSA, RRSP, FHSA, RESP, LIRA, RRIF, non-registered (cash and margin), and corporate accounts. New clients get a $25 cash bonus when they open a Wealthsimple account through our referral link and deposit at least $100 from another institution within 30 days. One trade-off is US dollars: Wealthsimple's USD account costs $10 a month for Core clients; free for Premium and Generation. If holding US dollars matters to you, Questrade's dual-currency accounts are free — every account can hold both Canadian and US dollars.
On stock and ETF commissions they're level: Wealthsimple charges $0 on listed Canadian and US stocks and ETFs, and Questrade charges $0 to buy and sell Canadian and U.S.-listed stocks and ETFs. The bigger difference is holding US dollars. Wealthsimple's USD account costs $10 a month for Core clients; free for Premium and Generation. Questrade's dual-currency accounts are free — every account can hold both Canadian and US dollars. Current new-client offers (conditions in the offer cards above): Wealthsimple — $25 sign-up bonus; Questrade — 0% margin interest on your first $5,000 USD for 6 months (code 0MARGIN). Our Wealthsimple vs Questrade comparison covers the rest.
Check each firm. Wealthsimple's investment dealer is Wealthsimple Investments Inc. (WSII), a member of the Canadian Investment Regulatory Organization (CIRO) and the Canadian Investor Protection Fund (CIPF). Questrade, Inc. is a registered investment dealer and a member of both the Canadian Investment Regulatory Organization (CIRO) and the Canadian Investor Protection Fund (CIPF). Moomoo Canada's brokerage services come from Moomoo Financial Canada Inc., regulated by CIRO and a member of the Canadian Investor Protection Fund (CIPF). Interactive Brokers Canada is a member of the Canadian Investment Regulatory Organization (CIRO) and of the Canadian Investor Protection Fund (CIPF). For any other broker, look the firm up in the member directory on CIPF's own website, cipf.ca, before you open an account. CIPF's coverage limits are $1 million for all general accounts combined (such as cash, margin, TFSA and FHSA accounts), plus $1 million for all registered retirement accounts combined (such as RRSPs, RRIFs and LIFs), plus $1 million for RESPs where you are the subscriber. CIPF's protection only applies if a member firm becomes insolvent, and it doesn't protect you from a drop in the value of your investments, for any reason.
Yes. You can hold accounts at more than one brokerage — for example, a TFSA at one and an RRSP at another. What doesn't multiply is your contribution room. CRA says that if you have more than one TFSA, your contribution room is the total you can contribute to all of them collectively, and your RRSP deduction limit is one limit for contributions to all your RRSPs. Your totals have to stay within those limits no matter how many brokers you use.