The sixth annual MoneySense survey of Canada’s one line brokerages (aka discount brokers) is now available. Written this year by me with Glenn LaCoste, CEO of Oakville, Ont.-based Surviscor Inc., you can find the full piece by clicking on the highlighted headline: Canada’s Best Online Brokers 2018.

Qtrade Investor once again narrowly edged out Questrade as the top firm overall:

Best Overall:

1. Qtrade Investor – 22 pts
2. Questrade – 21 pts
3. iTRADE – 14 pts
4. BMO InvestorLine – 14 pts

12 firms were included, ranging from the many bank-owned discount brokerages to the still-independent Questrade. The report also looks at various categories, including Mobile, ETFs, Design & User Experience, and Fees & Service.

As you go through the separate categories you’ll see both firms often place in the top three spots: five for Qtrade and four for Questrade this time around. Qtrade was first in two categories, second in another two, and third in one; while Questrade was first in one category, second in two categories and third in one.

Methodology

The survey methodology is based on MoneySense-specific categories based on Surviscor’s latest mobile and online reviews. Continue Reading…