Investing in the Stock Market

It's time to get started: take advantage of the new pricing now

Open an account

Only until June 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

100 Free transactions illustration

Incredible but true! Enjoy reduced commissions and exchange-traded funds at $01

Active Investor2

100 or more trades per quarter

  • $0.95 per trade on stocks
  • $0.95 + $1.25 per options contract (min. $8.20)
  • Market-Q offered free of charge 3
  • $0 annual administration fee

Young Investor4

For those aged 30 and under

  • 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

Regular Pricing5

For all other clients

  • $6.95 per trade on stocks
  • $6.95 + $1.25 per options contract

$0 commission on ETFs1

For all our clients

  • $0 commission on all Canadian and U.S. exchange-traded funds (ETFs).

Open an account now and take advantage of the new pricing

Open an account

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Did you know?

You are an engineer, healthcare or business professional or you are a newcomer in Canada?
Learn about our exclusive offers.

Access the financial markets the way you want


Choose a high-performance platform

View your investments at a glance and access the analyses of experts from National Bank Financial and Morningstar. Discover our online brokerage platform.

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Choose tools and services to achieve your objectives.  

You will find everything you need to achieve your financial goals, whether you are a newcomer to investing or a seasoned investor.

NBDB, your partner in financial success

Cutting-edge brokerage tools

You're an experienced investor or just starting out: use our tools (Trading Central, Market-Q and more) to experiment with different scenarios.

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An automatic rebalancing solution

Short on time? Take the worry out of investing. Choose InvestCube and your ETF (exchange-traded funds) portfolio will be automatically rebalanced in response to market changes.

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Enjoy top-notch customer service

You're not alone. Our team of certified securities specialists is here to help you from opening your account to using our tools.

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The fine print

Eligibility requirements of the promotion

1. This promotion is available from March 15 to June 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.

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.

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