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ONLINE BROKERAGE REVIEW

TD Direct Investing Review 2022

Updated December 14, 2021

Quick Info

  • Standard Equity Commission
    $9.99
  • Best Commission Price
    $7
  • Minimum to Open Account
    Not Required
  • Maintenance/Inactivity Fees
    $25/Quarter
  • Commission-free ETF Trading
    No
  • Young Investor Offer
    No

HIGHLIGHTS

3.5/5 (4)

TD Direct Investing (formerly known as TD Waterhouse Discount Brokerage) is one of Canada’s largest discount brokerages. As a bank-owned online brokerage, it is able to offer clients the ability to manage multiple accounts (including personal banking) and products via the TD online platform. What makes TD Direct Investing stand out relative to most of their bank-owned peers are the amount of education they provide and their diverse set of trading platforms. Specifically, TD Direct Investing offers web-based and desktop platforms for active traders as well as longer-term investors, with the more recent addition of a mobile trading app.

TD Direct Investing Full Review

What Account Types does TD Direct Investing offer?

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    Registered Accounts

    Non-Registered Accounts

Account Fees & Requirements for TD Direct Investing

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    Registered Accounts

    Non-Registered Accounts

Trading Commissions & Fees provided by TD Direct Investing

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TD Direct Investing Rankings & Reviews for 2022

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  • Sorry, no data is available.

How can I contact TD Direct Investing customer support?

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What do people think of TD Direct Investing?

toadstoolrobot
PersonalFinanceCanada
8/30/2022
I used Scotia a number of years ago but found the price of each purchase pretty outrageous. (At the time it was $29.95 per trade) Moved to TD direct investing and they charged $9.95 for the same service but provided a much better user experience, information and dashboard.
Valgrind007
PersonalFinanceCanada
8/29/2022
Yes, once you’ve sold your investment, you’ll have cash in your TD Direct investing account and you’ll be able to make the transfer using the web broker app “transfer between my TD accounts”.
Steve Bentley
steve385b
8/29/2022
@arbutuscapital TD Direct Investing had a pretty good international desk from what I remember. Expensive to transact on though.
HexagonOfVirtue
neoliberal
8/29/2022
< TD Direct Investing would like to inform you that the following New Issue has just been announced. < < Discovery 2022 Short Duration Limited Partnership < < Short Description: IPO of Class A Limited Partnership Units via Marketed Deal bro what is this
DanLynch
canada
8/28/2022
This is a mountain/molehill situation. These investments are designed to replicate the performance of a savings account. Every bank offers savings accounts, and every bank that has an associated investment dealer also offers some kind of mutual fund or ETF that replicates the performance of a savings account. There are a lot of ethical issues in the investing/financial advising space, but the fact that TD Direct Investing doesn't let you use it to invest in a non-TD savings account product is not one of the biggest ones.