Save with National Bank Direct Brokerage



Our user-friendly commission and fee schedule for stocks, options, fixed-income securities and mutual funds is easy to understand. Use our online solutions and qualify for the following fees:

0 $

Commission on Canadian and American Exchange-Traded Funds (ETFs) 


Canadian or U.S. equities

(fewer than 30 transactions per quarter)



Canadian or U.S. equities 

(more than 30 transactions per quarter)



Learn ​more

Commission and General Fee Schedule

Download our Commission and General Fee Schedule for more details.

Transfer to NBDB

It pays to transfer funds to an NBDB account. Based on the amount, we'll reimburse up to $135 (plus taxes) of your transfer fee. Decide today!


Transfer to a Regular brokerage account

> $20,000 or more

> At least one purchase transaction in the first 6 months

Transfer to an InvestCube Account

> $10,000 or more

> Invest in any portfolio


Already with NBDB? Transferring funds from a bank account to one or more brokerage accounts is easy.

Learn more


Trading platforms

We have trading platforms for all investor profiles. Our tools can help any investor make sound financial decisions and manage their portfolio stress-free.

Classic platform

Convenient, user-friendly and suitable for all investor types. See details.


Specialized platforms

In-depth tools that allow active investors to select their own strategies.


Real-time quotes

and much more

From $0 per month

See details


Up to three online tools

to help you invest


From $0 per month

See details


General fees

Annual NBDB administration fees and exemptions are calculated based on your assets. Take advantage of fees that are tailored to you.

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Interest rate

Enjoy great interest rates on margin, cash and registered accounts and maximize your returns.

Do you have a National Bank financial package for professionals? You can save on NBDB brokerage accounts.

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Legal Disclaimers

Notes on fees relating to exchange-traded funds

1 *The "Zero Commission on ETFs" promotion has been in effect since September 1, 2016 for the Canadian market and since August 31, 2017 for the US market. Trades must involve 100 or more units of exchange-traded funds and must be carried out through our electronic solutions. Clients must also sign up to receive all their documents electronically.

Commission-free ETF trades are not qualifying for the following fee reduction:

•  Free access to trading platforms.
•  Active Investor pricing.
•  Annual administrative fees. 

Management and other fees may apply to ETF investments. Please read the prospectus before making an investment. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.

2 The standard Commission Schedule applies if the terms of the $ 0 commission on Exchange Traded Funds (ETFs) are not met.

General notes

Fees are billed in the same currency as the transaction.

Each partial execution of a transaction is subject to the full commission, except if the transaction is completed the same business day. The full commission is applied on all separate transactions made on the same security. Additional fees may be charged by the local securities exchange commission and/or by the stock market and are billed in the same currency as the transaction. When a transaction is placed through one service (for example with a representative), and then modified by another service (for example on the website), the commission will be calculated according to the higher of the two commission schedules. Option exercises are subject to the same commission schedule as share transactions made through a representative. 


A security transaction in an account of a different currency involves a conversion in the currency of the account. When carrying out this conversion, National Bank Direct Brokerage acts as principal and can earn, in addition to the commission applicable to the transaction, income based on the spread between the buy and sell. Fees may be charged for securities loans in short sales. These fees vary based on the markets and without prior notice. Contact one of our representatives for more information on these fees.

National Bank Direct Brokerage Inc. is a wholly owned subsidiary of National Bank of Canada. National Bank Direct Brokerage offers no advice and makes no investment recommendations. The client is solely responsible for the financial consequences of his or her investment decisions. Member of the Canadian Investor Protection Fund.


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