Questrade is a Canadian online brokerage platform that offers trading in stocks, options, and ETFs.
Best National Bank Direct Brokerage Alternatives ranked by AI · updated Aug 2026
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National Bank Direct Brokerage is a Canadian online brokerage for self-directed trading in stocks, ETFs, options, mutual funds and fixed-income products. It is known for zero-commission online stock and ETF trades and supports registered, margin and U.S.-dollar accounts.
Developer: National Bank of Canada
Price: $0 online stock and ETF commissions; options from $1.25/contract
🎯 nbdb.ca
Top 6 National Bank Direct Brokerage alternatives
2
Scotia iTRADE
Scotiabank
Scotia iTRADE is a Canadian self-directed investing platform for investors who want to trade stocks, ETFs, mutual funds, options and other securities....
Pros
- Broad security and account selection for Canadian self-directed investors
- Integrated relationship with Scotiabank banking services
- More extensive research tools than many low-cost mobile brokerages
Cons
- Higher standard equity commissions than Wealthsimple, Questrade and National Bank Direct Brokerage
- Platform experience is less streamlined than newer mobile-first brokerages
- Some account and administration fees may apply depending on balance and activity
From $9.99/trade; ETF commissions may be $0
Wealthsimple is an online investment management service that offers a range of diversified portfolios.
Pros
- Low fees for larger portfolios
- Socially responsible investment options
Cons
- Higher fees for smaller portfolios
- No direct indexing or tax-loss harvesting
Management fee of 0.4% - 0.5%
TD Direct Investing is an online brokerage platform by TD Bank offering a range of investment options.
Pros
- Access to a wide range of investment options
- Advanced research tools
- Excellent customer service
Cons
- Higher trading fees compared to discount brokers
- Minimum account balance required for certain features
- Complex trading platforms
5
BMO InvestorLine
BMO Financial Group
BMO InvestorLine is a Canadian online brokerage for self-directed investors trading equities, ETFs, mutual funds, options and fixed-income securities. It offers research...
Pros
- Broad investment and registered-account support
- Competitive ETF pricing compared with traditional bank brokerages
- Useful portfolio analytics and BMO research resources
Cons
- Standard equity commissions remain higher than zero-commission brokers
- Trading interface is less approachable than Wealthsimple's
- Best-value pricing can depend on account balance and activity
From $9.95/trade; ETF commissions may be $0
6
RBC Direct Investing
Royal Bank of Canada
RBC Direct Investing is a Canadian self-directed brokerage supporting stocks, ETFs, options, mutual funds, fixed income and registered accounts. It provides research,...
Pros
- Wide range of investment products and account types
- Convenient integration for existing RBC banking customers
- More complete research and portfolio reporting than basic mobile brokers
Cons
- Higher standard commissions than Wealthsimple and Questrade
- Platform is less modern than newer digital brokerages
- Some features and fee savings depend on RBC relationship or account activity
From $9.95/trade; ETF commissions may be $0
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