The best online brokerages for self-directed investors can vary widely depending on what you are looking for. Some brokers offer a wide range of markets and products to fit the needs of most traders, while others focus on particular categories of investors or assets. The top brokers provide a comprehensive suite of trading tools and education to help new investors learn the ropes and more experienced traders optimize their trades. Some brokers even offer $0 commissions to lure new investors.Find out :theinvestorscentre.com
Compare Online Brokers in Canada: Which One Suits You Best?
A Canadian online broker can be a great option for anyone who wants to invest and trade in the Toronto Stock Exchange (TSX) or other global markets. In addition, many of the top brokerages in Canada offer a variety of registered accounts, including RRSPs and TFSAs. Some, like Questrade, also offer a referral system where you earn $25 for every friend you refer who opens an account. Other firms, like Wealthsimple, provide automated investing options that can be as hands-off or as active as you choose.
As with any investment firm, a Canadian online brokerage must be licensed and registered with the Investment Industry Regulatory Organization of Canada. This ensures that the broker follows the rules set by IIROC, and provides a level of security that is not available from unregulated brokers. Additionally, a reputable brokerage will be backed by the Canadian Investor Protection Fund, which offers protection for up to $100,000 of your investments in the event that the brokerage is liquidated.…