Best Day Trading Brokers in Canada- Questrade, Interactive Brokers, Thinkorswim, Wealthsimple & More
Humbled Trader Humbled Trader
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 Published On Jul 8, 2020

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🔽Time stamps:
1:04 Questrade trading and investing
3:35 Interactive Brokers Canada
4:43 TD Thinkorswim Canada Review
6:50 Trade Zero Canada
8:50 Centerpoint Securities Canada
9:47 Wealthsimple (Free commission trading & investing)

Trade with me: https://bit.ly/3uLkilj
Below are the best online brokers in Canada for day trading, investing etc:
1. Questrade (Long term investing in TFSA and RRSP. Large cap stock and options swing trading)
Get $50 FREE commission trades: http://bit.ly/2GoeUMY
Account minimum: $1,000
Pros: Flexible pricing structure for day traders. Amazing customer service. Data package fees are rebatable. Great trading platform for charting and easy to use online broker web platform
Cons: Expensive monthly data packages. Commissions are flat rate and high.

2. Interactive Brokers Canada (Day trading large cap stocks and options, small cap longs)
Interactive Brokers: https://bit.ly/3bE82u4
Account minimum: $2,000 USD
Pros: Cheap commissions. Getting better at having short borrows on small call penny stocks. I use this broker for day trading penny stocks.
Cons: Expense on monthly individual data subscriptions add up. Slow trade order executions. Level II lag. Terrible customer service
My Interactive Brokers TWS Platform set up:    • Interactive Brokers Platform Tutorial...  

3. Trade Zero Canada: https://bit.ly/38OlfSv
-3 months FREE platform + 1 Month 10% off locates
My Trade ZeroPro platform set up:    • TradeZero Set Up- Zero Pro Trading Pl...  

4. Centerpoint Securities (Broker for shorting with Large account)
Account minimum: $30,000 USD

5. Wealthsimple Investing (Robo investing long term for TFSA, RRSP or cash accounts)
Get $50 when you invest with $500: https://wealthsimple.sjv.io/yDxNy

6. Wealthsimple Trade
Get $10 in cash bonus when you deposit $100: https://wealthsimple.sjv.io/m9KJZ
$0 commission trading. But there's 1.5% FX fee (both buy and sell). Cannot hold USD cash in account. Poor charting interface. No volume indicator studies. 15 min delay in market data.
I would only use Wealthsimple Trade app for casual swing trading with TSX stocks. DO NOT use this app for day trading.

7. Thinkorswim Canada
Account minimum: $25,000 USD
Pros: Powerful interface for options strategies. OnDemand feature. Great platform for technical analysis. FREE live data. Cons: Most expensive broker commission fees around. $6.95/ trade.
My Thinkorswim set up for day trading:    • TD Thinkorswim Tutorial 2023 (Thinkor...  

📈 Best Charting Tool (FREE) - TradingView: http://bit.ly/3kqJjkN

📉My Trading Broker Platforms:
Interactive Brokers - https://bit.ly/3bE82u4
Webull - Get up to 12 FREE stocks: https://bit.ly/42lNake
Centerpoint Securities ($30K min) - https://bit.ly/3LKdlID
-Get 50% off Commissions & Short locates for 60 days
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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.

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