Investing in the stock market

Get started by taking advantage of our prices


Only until September 30

Get 100 free transactions when you open a new account.

Enter the promotion code "Free2021" in the account opening form.

See terms and conditions

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Get fully invested. 
Enjoy reduced commissions and $0 ETFs.

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Take control of your online investments

Buy and sell your stocks, options, and exchange-traded funds (ETFs) independently on the Canadian and US markets. 

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Save on transaction fees

Incredible but true: enjoy reduced commissions based on your investor profile and $0 on ETFs (for all our clients) when trading on the stock market. 

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Make informed decisions

Our platform is designed for investors of all kinds and offers many decision-making tools for free. 

Discover our rates

For all our clients: Pay no commission on all Canadian and U.S. exchange-traded funds (ETFs)1

Active Investor2 (100 or more trades per quarter)

  • $0 commission on all Canadian and U.S. exchange-traded funds (ETFs)1
  • $0.95 per trade on stocks 
  • $0.95 + $1.25 per options contract (min. $8.20) 
  • Market-Q offered free of charge3 
  • $0 annual administration fee

See conditions

Young Investor4 (30 and under)

  • $0 commission on all Canadian and U.S. exchange-traded funds (ETFs)1
  • 10 free trades each year4 
  • $4.95 per trade on stocks 
  • $4.95 + $1.25 per options contract (min. $8.20) 
  • $0 annual administration fee

See conditions

Regular pricing5 (all other clients)

  • $0 commission on all Canadian and U.S. exchange-traded funds (ETFs)1
  • $6.95 per trade on stocks 
  • $6.95 + $1.25 per options contract

See conditions

Customized financial programs

You're already part of National Bank's financial program for professionals and students in health, business or engineering? Discover your benefits: 

  • $0 commission on all Canadian and U.S. exchange-traded funds (ETFs)1
  • $5.95 per trade on stocks 
  • $5.95 + $1.25 per options contract (min. $8.20) 
  • $0 annual administration fee

Discover our exclusive offers

Newcomers to Canada

  • $0 commission on all Canadian and U.S. exchange-traded funds (ETFs)1
  • $5.95 per trade on stocks 
  • $.95 + $1.25 per options contract (min. $8.20) 
  • $0 annual administration fee

Discover our exclusive offers

5 ways to avoid annual fees

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illustartion pot de fleurs dollars

Save $100 in annual administration fees if any of the following conditions apply to you: 

  • You’re a young investor aged 30 or under
  • Your assets exceed $20,000 as of May 31 of the current year* 
  • You make at least 5 transactions in stocks, ETFs, or options, between June 1 and May 31* 
  • You participate in a financial program for engineers, healthcare, or business professionals 
  • You have an InvestCube account 

*The year runs from June 1 to May 31.

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Drawing of a calendar with dollar sign and check mark
Image trophy J. D. Power

A renown client experience

National Bank Direct Brokerage #1 in Investor Satisfaction with Self-Directed Brokerage Firms according to J.D. Power*.

Direct Brokerage, your partner in financial success

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  • Access to free tools designed to help you make good decisions

  • A cutting-edge, intuitive brokerage platform

  • Support from licensed securities representatives 
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Drawing of a cell phone and computer showing the platform

Quickly transfer your stock assets

Choose your investment accounts

Do you want to manage your own investments, or simply invest in the financial markets? Find the account that’s right for you. 

Access to a dynamic online platform

Trade with ease thanks to our secure transaction platform.

Select your financial products

Transfer your funds and choose your investment products: stocks, ETFs, options, and more. 

We also reimburse your transfer fees up to a maximum of $135, including taxes11


As a client, you’ll be able to:

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illustartion pot de fleurs dollars
  • Manage your investments online independently, in real time
  • Save on management fees 
  • Reach your financial goals 
  • Get support from certified, qualified experts 
  • Attend events to expand your investment knowledge 
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Drawing of a flowerpot turning into dollars

Take advantage of our prices now.
 

First time investor?

See what steps to take to get started as a self-directed investor.
 

Start investing 

The fine print

Eligibility requirements of the promotion

1. This promotion is available from March 15 to September 30, 2021. It applies to new and current NBDB clients who open a new account.

2. Existing clients must open a new account and the free trades will apply only to the new account(s). Cash, margin and overdraft accounts as well as Canadian and US accounts from the same plan (e.g. RRSPs) are considered the same type of account.

3. When more than one account is opened under the same root, the maximum number of free trades awardedis 100 (this offer is not cumulative).

4. The promotional code "Free2021" must be indicated on the account opening form.

5. Stocks, options and exchange-traded funds are eligible for free trading, provided that the transactions are carried out through our online platform. Once the free period is over (i.e. one year after the account openin gdate or when the maximum number of transactions has been reached), the applicable commission schedule,including ETFs at $0, will apply.

6. The client can only take advantage of this offer once (Social Insurance Number is used) and must meet all the eligibility requirements.

7. This promotion is offered to clients who have not benefited from any other one in the last 12 months.

8. Corporate account is also eligible for this offer.

9. This offer may be revoked or amended at any time without prior notice.

10. This offer cannot be combined with any other offer.

 

Commissions on exchange-traded funds

1. Each trade must involve 100 or more exchange-traded funds (ETFs) units and must be carried out using our electronic solutions.

Commission-free ETF trades are not counted when calculating:

  • 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.

Regular pricing on equities trade applies if the $0 commission conditions on ETFs are not met.

Conditions for applying the pricing

2. To benefit from the active investor pricing, one hundred (100) or more stock, ETF or option trades generating a commission must have been carried out under the same account root in the previous three (3) months (quarter). When these criteria are met, the active investor pricing takes effect on the first business day of the following month. They must be met on the 1st day of each month to continue benefiting from the active investors’ commission schedule. This pricing does not apply to transactions placed through a representative, although they are considered when calculating the number of trades carried out during the quarter. Legal entity accounts are eligible for active investor pricing but cannot be combined with an individual account for the purpose of calculating transactions. 

3. Some conditions may apply depending on the number of transactions carried out. Learn more about Market-Q.

4. You must be 30 years old or younger to benefit from the young investor pricing. To be eligible, transactions must be carried out through our electronic solutions. Free transactions apply to equities and exchange-traded funds.

5. Trades must have been made through our electronic solutions.

Transfer fee refund

11. Two ways to benefit from the transfer offer:

 

  • Transfer $20,000 or more to a National Bank Direct Brokerage account, buy shares, options or exchange-traded funds (ETFs) within 6 months of your transfer and we'll refund up to $135 plus taxes of the transfer fees (refunded 1 week after the transaction). 

OR

 

 

  • Transfer $10,000 or more to an InvestCube account, invest in the portfolio of your choice and we'll refund up to $135 plus taxes of the transfer fees (without any other restrictions). 
     

 

For terms and conditions, call Customer service at 1‑800‑363‑3511.

General commissions

N.B.: Commissions are billed in the same currency as the transaction.

Each partial execution of a transaction is subject to the full commission, unless the transaction is executed in its entirety on the same business day. Full commission is charged for each separate transaction performed 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 of our services (e.g., a representative), and then modified via another service (e.g., the website), the commission will be based on the higher of the two commission schedules. Option exercises are subject to the same commission schedule as share transactions made through a representative. A currency conversion is required for any trade involving a security in a currency other than that of the account in which the trade is settled. When carrying out this conversion, National Bank Direct Brokerage acts as principal and can earn, in addition to the commission applicable to the transaction, revenue based on the spread between the bid and ask rates. Short selling borrowed securities may result in additional fees. These fees vary based on the markets and without prior notice. Contact one of our representatives for more information about these fees.

J.D. Power

*For J.D. Power 2021 award information, visit jdpower.com/awards.