About TD Canada Trust
TD Direct Investing is the heavyweight champion of Canadian bank brokerages, offering an expansive ecosystem that caters to every tier of investor. Casual users benefit from the robust WebBroker interface and an industry-leading library of educational resources and live masterclasses. Meanwhile, active traders gain exclusive access to Thinkorswim—the North American gold standard for deep technical analysis, custom charting, and complex options strategies. While standard commissions apply, the premium is entirely justified by the sheer power, research depth, and 24/7 support of the TD infrastructure.
The Good
- CIRO & CIPF Regulated Dealer
- Thinkorswim platform access for elite analysis
- 24/7 phone support and extensive educational classes
- Seamless real-time cash movement with TD banking
The Bad
- High $9.99 standard trading commission
- $25/qtr fee if household balance is under $15,000
- Significant fees for account transfers out
Fee Structure
Updated 2026| Fee Type | Details | Cost |
|---|---|---|
|
Stock Trade Commission
|
Standard stock trades are $9.99. Drops to $7.00 for Active Traders (150+ trades/qtr). Partial/Fractional share trades are $1.99.
|
$9.99 |
|
ETF Buy Commission
|
Standard ETF purchases are $9.99, though TD offers a select list of Commission-Free ETFs.
|
$9.99 |
|
ETF Sell Commission
|
Standard ETF sales are $9.99.
|
$9.99 |
|
Options Commission
|
Options are $9.99 base + $1.25/contract (Active Traders: $7.00 base + $1.25/contract).
|
$1.25 |
|
Mutual Fund Commission
|
No commission to buy/sell Mutual Funds. 1% short-term redemption fee (min $45) if held under 30 days.
|
Free |
|
Inactivity / Low Balance Fee
|
$25/quarter maintenance fee. Waived if household assets are $15k+, or if you set up $100/mo auto-deposits.
|
$25.00 |
|
Transfer Out Fee
|
$150 fee for full or partial account transfers out.
|
$150.00 |
|
Withdrawal Fee
|
$100 for full registered account withdrawals. $25 for partial RRSP/LIRA withdrawals.
|
$100.00 |
Key Features
Fractional Shares
Buy slices of expensive stocks or ETFs with as little as $1, making it incredibly easy to diversify a small portfolio.
U.S. Dollar (USD) Accounts
Hold US dollars natively in your account to avoid paying punishing currency conversion fees every time you trade US stocks.
Options Trading
Trade options contracts to hedge your portfolio, generate income, or speculate on future price movements.
Mutual Fund Trading
Access thousands of professionally managed mutual funds from leading financial institutions.
Dividend Reinvestment (DRIP)
Automatically reinvest your cash dividends to buy more shares, accelerating your portfolio's compound growth over time.
Advanced Charting & Research Tools
Access institutional-grade technical indicators, Level 2 market data, and deep fundamental analysis tools.
Mobile App (iOS & Android)
Manage your portfolio, execute trades, and monitor the markets on the go with a fully-featured mobile application.
CIPF Protected
Your account is safeguarded by the Canadian Investor Protection Fund (CIPF) against the insolvency of the brokerage.
Bank-Owned / Big 6
Backed by the financial stability, security, and integrated banking convenience of one of Canada's major banks.
Free ETF Buy
Purchase Exchange Traded Funds (ETFs) with zero commission fees (standard fees may still apply when selling).
Margin Trading
Borrow money against your existing portfolio to increase your buying power and potentially amplify your returns.
CIRO Member
RateBuddy Verdict
undefined stands out for its accessibility to new investors. With competitive pricing and a solid reputation backed by TD Canada Trust, it remains a top contender in the Canadian market.