What is RBC Direct Investing? The Royal Bank of Canada (RBC) was one of the first banks in the country to pioneer DIY investing for the everyday investor. With RBC Direct Investing, you can trade Canadian and US stocks, ETFs, mutual funds and bonds. You can fund and manage your registered investment accounts (TFSA, RRSP, RRIF, RESP and more) and access a variety of investing tools to help you make informed decisions. If you already have an account with RBC, then opening an RBC Direct Investin...| Million Dollar Journey
Options are one of the best ways to capitalize on market trends and enhance profitability - if you get your prediction right. While buying options has a limited downside on a per contract basis, it is also one of the “best” ways to lose your money in the market - or as WSJ put it “More Men are Addicted to the Crack Cocaine of the Stock Market”. Options trading is not for the faint of heart, and shouldn’t be used by novice traders. Honestly, the average Canadian investor has no need ...| Million Dollar Journey
What is Wealthsimple Trade? Wealthsimple Trade is an online brokerage platform that allows you to build and manage your own investment portfolio. It’s one part of Wealthsimple, a company with 1.5 million customers and $8.4 billion in assets under management. Wealthsimple has been around since 2014 and Wealthsimple Trade launched in 2019. Unlike Wealthsimple Invest and robo-advisors like it, Wealthsimple Trade is a 100% active investing platform. Investors with Wealthsimple Trade research, c...| Million Dollar Journey
NBDB has made changes over the last two years to make their fee structure competitive among other discount brokers, and have now dropped their commission fees altogether for those trading on their online platform. It seems as though they have taken customer feedback to heart and made improvements to make those customers want to stay as well as attract new ones. In 2019 they were ranked dead last, 8 out of 8, by J.D. Power, but merely one year later in 2020, they moved up considerably to 4th o...| Million Dollar Journey
The best stock trading apps in Canada have really improved since I started Million Dollar Journey seventeen years ago. New fintech companies have really pushed the old school banks to lower their fees, improve their usability, get more efficient at bringing on new customers, and just creating a better mobile stock investing experience. While I’m still a big advocate of using a desktop for DIY investing, (hence my focus on that platform for my best online brokers in Canada comparison) I have...| Million Dollar Journey
The best free stock trading apps in Canada can help you cut fees to the bone, and DIY invest yourself to a substantial nest egg. That said, there is no such thing as a truly free stock trading in Canada. We’ll go into detail about what “free” really means when it comes to investing in Canada, and how to compare the various DIY investing platforms in Canada. Since trading apps like Robinhood came onto the scene, DIY investment has given investors control over how they invest, and how m...| Million Dollar Journey
What is Desjardins Online Broker? When it comes to Canadian online brokers, Desjardins Online Brokerage isn’t typically one of the first names that comes to mind. That being said, in the spirit of providing a full selection of broker reviews, our MDJ editorial team looked under the hood of one of Canada’s original discount brokerages. Desjardins is best-known among those living in Quebec and Ontario; however, it’s also active in western Canada as well. It often goes by the name “Disna...| Million Dollar Journey
Is BMO Investorline Safe and Trusted? In a word, YES. As one of Canada’s oldest and most trusted companies (founded in 1817) the Bank of Montreal is as safe, trusted, and legit as you can get. InvestorLine has been around longer than the internet - BMO introduced self-directed trading way back in 1988 before moving online in 2000. That’s an impressive history! BMO InvestorLine is IIROC regulated and CIPF insured. They use 128-bit encryption and multi-factor user authentication to keep y...| Million Dollar Journey
As we look ahead to summer and the second half of 2025, it’s time for an updated look at the Best Online Brokerages in Canada. With RRSP season in the rearview mirror – and what might be shaping up to be another round of “tariff season” drama ahead – now’s the time to lock in the easy DIY investing wins. I’ve been writing about Canadian online brokers for nearly 20 years, and the changes in the space have been massive. Fees have plunged, platforms are smoother than ever, and com...| Million Dollar Journey