What is free stock trading in Canada?

Free stock trading in Canada is also referred to as zero-commission trading. It means you pay $0 commissions when you buy or sell stocks using the platform. Stock trading commissions can generally cost up to $9.99 per trade, and this is why it was a big deal when the first free trading platform was launched in Canada.

Is commission-free trading coming to Canada?

The Canadian banking giant dropped a bombshell on Monday, announcing that it had slashed its trading commissions to zero. With commission-free trading already being enjoyed by many traders in the U.S. market, it was just a matter of time before a big bank brought it to Canada. The first bank to do it in Canada was National Bank.

How much does it cost to trade stocks in Canada?

Stock trading commissions can generally cost up to $9.99 per trade, and this is why it was a big deal when the first free trading platform was launched in Canada. Free stock trading does not mean the absence of all trading fees. For example, some platforms have no fees when you trade stocks, but they may charge fees on options trades.

Is there a commission-free stock trading app?

Even the big banks are jumping on the free-trading app wagon, with TD recently introducing TD Easy Trade, a trading app “designed for beginners”. This platform offers 50 commission-free stock trades per year and has no account minimum. You can also buy and sell TD ETFs commission-free.