Virtual Brokers is a very competitive discount brokerage option in Canada. The No-Fee ETF purchases are great for index investors; however, the $9.95 fee per trade on regular stocks and some per account fees are not ideal when compared to our low-cost leader discount brokerage (see our Questrade Review for more information). With award-winning platform aesthetics and an innovative management team, Virtual Brokers is a “must see” for Canadians looking for a place to start their online investing journey.
Editor's Note: As we approach the halfway point of 2018, the unfortunate Simplii Financial Review update is that they have continued to disappointed old PC Financial customers (see comments below). We continue to recommend Tangerine (see our full Tangerine Review) as Canada's premier online-only bank, with some super-charged strategies for scouting out the best accompanying high-interest savings account if you're so inclined.
Not Cheap, but solid, stable, and reliable – Plus a GREAT Promo BMO brings its hard-won reputation for safety and reliability to the world of fintech. If cost is the most important factor for you, I’d look elsewhere; however, as the first major Canadian Bank to launch a “robo advisor”, we think BMO SmartFolio has done an admirable job. Great platform, excellent goal-tracking system, superb customer service – all wrapped up in familiarity of a trusted financial services provider. Elite Low-Cost Investing Options, Excellent Usability, Market-Leading App