Investing in the Stock Market

What NBDB can do for you

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Take control of your investments

National Bank Direct Brokerage (NBDB) provides expert researchs and sophisticated tools to help you access financial markets and make informed investment decisions. Start investing today: it won't take much of your time, and you can start with any amount.


A new trading platform

NBDB's platform lets you buy and sell at your convenience. Get an overview of your investments and access analysis from top industry experts.

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NBDB, your partner in financial success

Cutting-edge brokerage tools

You're an experienced investor or just starting out: use our tools (Recognia, 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 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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A competitive fee structure

All Canadian and U.S. ETFs


in commissions*1, 2

Basic pricing


per trade (less than 30 trades per quarter)3

Active investor pricing

$6.95 to $9.95

per trade (more than 30 trades per quarter)3

Icône ampoule

Tips from our experts

Are you an independent investor with significant assets or a healthcare or business professional? Discover our tailor-made offers: Distinctive services.

Ready to trade?

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What kind of investor are you?

Are you new to investing?

Discover the three steps to get off to a good start as an independent investor.

Become an investor

Are you an experienced investor?

Achieve your goals by improving your knowledge of financial tools and markets.

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Wondering where you stand?

We have three questions to help you find out your knowledge level.

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The fine print

Commissions on exchange-traded funds

1. 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 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.

2. Regular pricing applies if the conditions for commission-free ETF trades are not fulfilled.

3. The pricing applies to Canadian and U.S. shares.


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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Trends and tips





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