Best Stock Trading Platform in Canada (2024)

This is a full breakdown of the best stock trading platforms in Canada (with pros and cons for each).
WEALTHSIMPLE (Get a $50 signing bonus): wealthsimple.sjv.io/yR4Po2
QUESTRADE (Get $50 bonus when you open a new account):
start.questrade.com/?oaa_prom...
INTERACTIVE BROKERS: www.interactivebrokers.ca/mkt...
#canadainvesting #canadastocks #canadastockbrokerage
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[@nasimseyedpour1041]

Thank you for your educational videos🎉

[@ojeroprecious3672]

Yeah would love to learn

[@derekjohnson9995]

Love that you lead with the conclusion. You just saved me 14 min of my life. Thank you good sir. Like, subscribe, move on.

[@mehdinoorie4450]

Thank you for your content. What do you think about RBC investing account

[@Nothern_King]

Wealthsimple: You pay 10 per month for USD accounts when you have less than 100k. USD accounts are free when you have more than 100k.

[@godwinsuccess9414]

but it's limited to only US and Canada accounts. GBP, Japanese, etc,is fun

[@nazerbor3i]

Great content

[@urbanobstacles]

Rbc is really blowing it

[@jayngo23]

I’m looking to buy options in Canada which one should I do man ?? I have under $1000

[@homesteadoutpost6122]

What do you think about momo platform for a us account

[@mateoharmiss5830]

What's the best platform to Buy/Hold, USD and international stocks ? Thank you

[@JasonK.-cy2tl]

IB. It's no contest.

[@jabiralibalwa131]

Which account qualify for IPO buy and sell and frequent trades

[@mauriciogallardo2684]

thank you

[@eel324]

What about NBDB? It doesn’t charge trading fees. I use it and like it for long term investments.

[@indi3101]

can’t add referral, its says not valid

[@lakshaythakur1740]

thank you for all the information now my next question is that do we pay taxes on capital gains from stocks listed in USA if we buy them in TFSA

[@dustsettler4596]

No you don't. Your capital gains are reported as CAD in all cases. If it's within a TFSA, you don't pay taxes no matter what currency it comes from.

[@thinkpassiv]

You forgot to review National Bank Direct Investing which offers FREE to buy/sell stocks and ETFs.

[@Tzkreez]

American ?

[@thinkpassiv]

@@Tzkreez National Bank of Canada #na

[@Tzkreez]

@@thinkpassiv so American etfs can be bought for zero fees anywhere ?

[@wendellgarcia6991]

What do you all use while trading options in Canada ?

[@samson2322]

Quest trade seems very expensive for options

[@FrankDavalos]

I would love to see you do a video about the pros and cons and reasons why Canadians would want to have exposure to the USD market and why Questrade is the best option for that? Obviously access to US markets is a good thing, but are there tax advantages? And I don’t fully understand currency hedging, so more info would be awesome! Had to sub to your channel, very insightful. Thanks!

[@GimmeSomeAdventure]

i think its mainly just saving on the fees questrade vs other options, wealthsimple for example charges you a conversion fee every time you buy and sell a USD stock, where as questrade charges you once then you have that USD for good and can buy and sell, obviously if you buy and sell often the per buy/sell adds up, but wealthsimple does charge management fees that may not see like alot the first year, but if your giving them.5 percent for 30 years it adds up fast. so yeah i don't think there will be any different in a tax sense from platform to platform, the main thing is which service will work best for you with fees.

[@Tzkreez]

Yeah conversion fee each buy(1,5%) each sell(1,5%) can become a lot

[@waywaybeyond]

You're obviously getting kickbacks....not even mentioning National Bank zero commissions on all stocks/etfs/indexes listed

[@cook-music]

Any recommendations for more advanced charting and real time data?

[@NT101-]

if you're looking for data use TradingView for the information that is what all the traders use for the information that they use for making their trades if you're new to trading or new to it just search up a video on how to use trading view 20min vid max

[@darshpsd]

let me know if you found it

[@bouazzaAbdallah-oi1vy]

I heard that Forex trading is prohibited in Canada. Is this true?

[@Sukh05.]

hey i have a question, i want to say trade forex but i’m struggling to understand what brokerages to use as i live in alberta. Most of the brokers need you to be an ‘accredited investor’ which i think is bullshit

[@j_brar_shayri]

Have you found any broker

[@Sukh05.]

@@j_brar_shayri Any offshore broker and any offshore prop firm will do the job 👍

[@jenniferc.9734]

Wealthsimple seems like the best option for me. Do they have RESP for children as well? As of now Im with RBC direct investing but its 10$ per month to use the platform + 10$ on each transactions which is quite a lot (reason im looking to change my accounts over). I do have US holdings as well but Im not looking to buy more as of now. Thanks for all your videos! Super helpful!

[@MarkFarfan]

I don't think Wealthsimple Trade has RESPs with direct investing - they do have it for their Wealthsimple Invest managed portfolios

[@Richibald1]

Hi there. I'm buying US penny stocks from Canada and I want free Level II. Is that available? I believe WeBull might be of Dr NV that option. What broker would you be looking at for this type of trading? Also which broker do you think will offer overnight trading that's coming to OTC Markets in about a year's time. I'm buying between .0001 and $1. I'm curious about TD Greenline Think or Swim platform also. From the ads MOO MOO sounds too gimmicky but keeping an open mind... 🤔

[@dav1539]

What do you think about colmex pro?

[@MarkFarfan]

Don’t know too much about it tbh, couldn’t include every single brokerage in the video so I just covered the largest ones

[@YG-vs3fq]

IBKR is the best option in Canada no brainer.

[@vantagemarketsplus]

hi mark, how can i get in touch with you directly?

[@MarkFarfan]

My email is on the about page for my channel

[@wallyg8020]

Hey bro how can i find a currency exchage with low fees cad to usd?

[@MarkFarfan]

For trading? Or just like one off transfers

[@ishu261288]

Why just once? Are you not going to pay when you transfer it back to CAD after say 20-30 years?

[@deepdas9779]

Hi Mark I am coming to Canada Edmonton in March with work permit. I am interested in trading and need guidance hiw to start and invest. I am feom India. Appreciate your support

[@LukeBelmarHQ-yq2nj]

If you're interested, I can assist you.

[@juancarlosriverafranco]

Good evening, which bitcoin wallet is easier or more practical that I could use to have a BTC balance and what is the most practical way where I could buy how much is the minimum investment to purchase BTC in Canada? I am in London, Canada.

[@GimmeSomeAdventure]

if you don't plan on actually buying anything in bitcoin ever, like most people they'll never actually use bitcoin as a payment method, you can always just buy a bitcoin ETF, that way you get the benefits of making the money if bitcoin increases but you don't have to deal with having a crypto wallet and all the fees that go along with it. only works for bitcoin though cause currently i don't believe any other crypto currency has a ETF.

[@juancarlosriverafranco]

@@GimmeSomeAdventure He didn't give me a logical and concrete answer. He didn't give me the answer I needed

[@vbartrum9172]

My bank would charge me $50 for any transfer. Would Wealth Simple refund the transfer fee?

[@jduclos9036]

In not a 100% sure but I think it says refund if you have 15,000$ or more

[@jaacripK]

What about Coinbase ?

[@MarkFarfan]

Not really a stock brokerage? You can only trade crypto on Coinbase

[@user-fs2qm3qr7g]

#ForexEducation #ForexTradingTools #FXTradingPlatform

[@wds3222]

Wealthsimple is kinda terrible if you wana do USD. I dont know who came out with the idea that we should keep everything CAD so the cx can get smack down with conversion fees none stop. Crypto fees are also insane.

[@deepdas9779]

❤

[@Patrickwil55]

I traded well on my Demo account but when I invested in to my main account i lost all my funds. Please i need an expert to assist me with my trading. It's frustrating how people loss funds in this trading, I really feel so bad.

[@SpoonWithSoup]

What are you investing in? If you're betting on options or hype-driven penny stocks, your deposits disappearing is the least of your worries. What I would do is find a couple of notoriously safe ETFs like the S&P 500 and steadily invest in those, making sure they account for at least 50% of my entire portfolio (preferably more); Then after some research, pick whichever stock seems appealing and see how they perform compared to those ETFs I would say someone who did that would be happier with the outcome of those safer ETFs, however this ISNT financial advice! 😂 Happy trading!

[@user-ej4je1wu8t]

Moomoo canada?

[@kpopbutlofi]

huh?? No no IBKR is the best for US Stock, Wealthsimple for Canadian stock, the others you can put them to the garbage

[@krisvq]

Wealthsimple: you can't day trade. Overly simplistic.

[@clarkju1981]

bud, are you the twin brother of Krypto Cove? lol

[@MarkFarfan]

maybe ;)

[@MohammadAlothman-xv6ow]

Bro quest trade is the worst

[@ShaneTheG]

how so? I thought it was good for day trading

[@liyuzhou3866]

@@ShaneTheGtheir fees are insane if you are deep into day trading

[@marynasukharieva7450]

Your wealth simple promotion is expired

[@shahbuddinakbary4495]

Not anymore 15min late with wealthsimple