Top Canadian Trading Platforms
There are a variety of online trading platforms in Canada. The best one for you will depend on your investment goals, the types of assets you want to trade, and your level of experience. This article will help you make the best choice by describing what to look for in a trading platform, including how much to pay and whether it offers robust research tools.
Top Canadian Trading Platforms is Questrade, which provides comprehensive beginner guides and a free demo account. It also has a great mobile app and low trading fees. It offers tiered pricing that decreases the more you trade and level 2 trading quotes. This level of trading quote displays additional information on a stock or ETF, such as the best bid-offer-volume.
Top Canadian Trading Platforms: Features, Fees, and Reviews
Another good option for beginners is CIBC Investor’s Edge, which has a user-friendly interface and allows traders to use a paper trading platform. Its simulated platform is community-driven and allows users to share ideas and strategies. It also supports short-selling and has real-time data, but it is less intuitive than other platforms and should be used by traders with a strategy in mind rather than beginners.
TD Direct Investing is Canada’s largest online brokerage and has some of the best trading software. Its web and mobile apps feature advanced charting, streaming market data, and pro-grade tools for active traders. It also has competitive trading fees and a large range of tradable assets. However, its customer support is often slow and frustrating.…