How to pick a stockbroker?
A licensed and reputable brokerage is needed to buy & sell stocks & ETFs. Some criteria to keep in mind while reviewing stock brokers is their insurance coverage, ease of use, cost per trade, monthly fees, margin policies, customer service and response time.
Brokerage fees can significantly impact trading cost particularly for investors starting with a low amount of capital. After extensive research we have narrowed down our choice of broker to Questrade in Canada and MB Trading in the USA.
You can choose any brokerage based on your preference. Some popular choices are; BMO InvestorLine, CIBC Investor’s Edge, Questrade, RBC Direct Investing, Scotia iTRADE and TD Direct Investing – Think or Swim (TOS).