Twibbonize Trading, Attorney & Twibbon Templates
For Canadians who are looking for the best options trading platform Canada, this article provides information about it to get you started. There are so many choices that ultimately make potential investors selective.
There are differences between brokers even though the regulations are the same. Starting from commissions, order types, research analysis, and customer service, to the user experience of the website or platform used.
Beginners want to get a satisfactory initial experience from all aspects. Therefore, this article will provide a list of the best brokers.
4 Best Options Trading Platform Canada
The options trading platform Canada are numerous. Each broker has its advantages and disadvantages. They have their market. Brokers in Canada may apply internationally, most importantly, they are authorized by local law.
Therefore, it is important to know the performance and features of each platform. Here are the 4 best brokers for trading. You can assess the differences and advantages of each.
Questrade
Questrade is one of the best options trading platform Canada. They already have legitimacy as brokers for stocks, ETFs, and various other investment products.
Serving more than 250,000 clients annually, Questrade has earned the trust of both national and international. Questrade has also complied with IIROC regulations and is a member of the Canadian Investor Protection Fund (CIPF).
The commission from using this broker is $9.95, plus $1 for each contract. This commission fee applies to all types of trades made. Plus, Questrade provides live streaming market data services, this service requires a fee of $89.95.
TD Direct Investing
The next best options trading platform Canada is TD Direct Investing. Moving according to trading stocks, GICs, bonds, and NFTs, they are a broker founded by The Toronto-Dominion Bank.
In addition, TD Direct Investing provides several service options such as in the form of a website or application. This requires investors to be able to trade.
Slightly higher than Questrade, they charge a commission of $9.99, with an additional $1.25 per contract. However, they do not set a minimum account in the form of a balance to deposit.
Interactive Brokers Canada
The next best options trading platform Canada is Interactive Brokers Canada. Operating in 33 different countries, Interactive Brokers has earned high trust. They offer the same additional fee of $1.25 per contract, for volumes under 10,000.
Apart from that, they also have features like Portfolio, Strategy Builder, and Strategy Lab. This is very easy for investors and the public. Moreover, they are also based in the US.
CIBC Investor’s Edge
CIBC Investor’s Edge is also one of the best options trading platform Canada. They are owned by a well-known bank, namely CIBC Bank. Mainly, they also provide app features to facilitate transactions.
CIBC offers a lower commission of $6.95 per trade with an additional $1.25 per contract. In addition, special for students for only $5.95.
Each broker offers different commissions and services. Each has its advantages and disadvantages. You can choose one of them as the best options trading platform Canada.