Discount brokerage deals activity is in a holding pattern to start the month. The current deal trend among Canadian online brokers is offering commission-free trade promos.
As hard as it is to believe, May is already upon us. With the tax filing deadline now officially behind us and RSP season now a distant memory, online brokerage deals and promotions activity is likely set to gear down.
At the start of a new month, there isn’t a lot to report from the larger players in the space, however there are signs of promotional activity uptick we noted last month at non-big-five bank-owned online brokers.
The good news for anyone hoping to open an online investing account at this point (and there’s data pointing to strong interest on the part of online investors continuing to open accounts), is that there’s a healthy selection of offers to choose from.
That said, it seems most Canadian online brokerages with an active promotion are in favour of commission-free trade offers for the time being.
Certain online brokerages do offer cash-back bonuses through affiliate offers, however, so be sure to check our online investing deals & promotions section for more information about these.
No expired deals to report on at this time.
No new deal extensions to report at this time.
No new promotions to report on at this time.