Experienced investors

Take control of your investments

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Achieve your financial goals with NBDB

Already a seasoned self-directed investor?

NBDB is made for you. We offer you sophisticated analytical tools and access to valuable research and data to keep you abreast of market developments.

Here's what you can do:

  • Use sophisticated tools to evaluate your investment decisions
  • Benefit from the expertise of a renowned financial institution
  • Take advantage of our events to expand your knowledge
  • Get access to analysis from National Bank Financial and Morningstar

Get access to the best research and analytical tools

Recognia and Market-Q

Evaluate your investment decisions with Recognia and Market-Q

As an NBDB client, you'll automatically get free access to the four tools in the Recognia suite. For even more insights, check out Market-Q, a tool for streaming market data in real time.

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FBN Dow Jones Morning Star

Get exclusive access to investment research

Tap into research and expertise on more than 300 securities from Stéfane Marion and his team at National Bank Financial (NBF), free of charge. You can also check out the Dow Jones Morning Briefing and analysis from Morningstar to help you assess your investment decisions.

Learn more

FBN Dow Jones Morning Star
FBN Dow Jones Morning Star
FBN Dow Jones Morning Star
Logo InvestCube

Diversify your portfolio with InvestCube

InvestCube is an automated investing solution that's ideal for busy investors. You get an ETF portfolio that reflects your optimal asset mix, plus automatic rebalancing. You'll also save money with our low rebalancing fees (0.48%–0.73%).


Discover InvestCube

Up to $135

Save on transfer fees and interest

Transfer $20,000 or more from another financial institution and we'll refund your transfer fees, up to $135 plus taxes. And with our competitive interest rates on margin accounts, you could save even more.

See our fees

Up to $135
Up to $135
Up to $135
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The right investment products to achieve your goals

ETFs, stocks, options and more: we have the products you need to achieve your investment goals.

Discover our products

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 (30 trades or more per quarter)3

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Tips from our experts

If you are an independent investor with significant assets or a healthcare or business professional, discover our tailor-made offers: Distinctive services.

New to self-directed investing?

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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

*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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