0 $ commission on all transactions for Sparx investors

No. The $0 commission is applied regardless of the number of shares traded.

No. The $0 commission applies to all equity and ETF trades in the Canadian and U.S. markets.

Trades must be made through National Bank’s Direct Brokerage trading platform.

Sparx Publishing Group Inc. (“Sparx”) and National Bank Direct Brokerage (“NBDB”), a division of National Bank Financial Inc. (“NBF”), have concluded an agreement to provide you with access to services and/or products typically offered by an order-execution only broker, including opening a self-directed brokerage account. 

We wish to inform you that, pursuant to this agreement, NBDB pays referral fees to Sparx which vary depending on the amount deposited in the brokerage account and representing no more than $250 per referred client.  

We also wish to reiterate that NBDB will share your contact information (name, email address and phone number) with Sparx as well as information on your admissibility status to take advantage of the offer posted on Sparx’s website in connection with the payment of referral fees.  

Please note that the payment of referral fees by NBDB to Sparx gives it incentive to refer you to NBDB. 

Rest assured that payment of the referral fees will not result in any increase in the fees payable by you to NBDB.

Registration Information 

NBF is registered as an investment dealer in all the provinces of Canada and is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). As a division of NBF, NBDB is qualified to provide order-execution only services to individuals, including offering an extensive range of financial products and investment tools. NBDB is not authorized to provide investment advice in respect of all types of securities.

Please note that it is illegal for Sparx to trade or give advice with respect to securities if it is not duly licensed or registered under applicable securities legislation to execute such trade or to provide such advice.

*Options commission is $0 + $1.25/contract. A minimum fee of $6.25/trade applies. The maximum fee is $19.95 when the transaction value is less than $2,000. An option contract gives the holder the right, but not the obligation, to buy or sell a given position in an underlying security at a given exercise price. Contracts are for 100 shares.

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.

The minimum amount for an investment fund transaction, through National Bank Direct Brokerage, is $1,000 or the amount required by the investment fund company, whichever is higher. Subsequent investment fund transactions must be for at least $500 or the amount required by the investment fund company, whichever is higher.

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.

For MoneySense 2022 award information, visit: moneysense.ca/save/investing/best-online-brokers-in-canada/