Interactive Brokers Canada is the Canadian arm of Interactive Brokers, an American discount brokerage firm. While several of the other Canadian online brokerage firms are affiliated with or are a part of a major bank, Interactive Brokers is not bank-owned and is more geared toward active traders than “investors” per se.
If you are an active trader, then Interactive Brokers’ pricing structure can certainly keep your trading costs in check. Important things to consider are your typical order sizes and your typical trading volumes on a monthly basis, as there are slightly different pricing plans suited to each category. The required account minimums are also important to note. Since adding registered accounts, Interactive Brokers has become much more competitive with many of the other Canadian online brokerages in regards to price and functionality.
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Interactive BrokersPhone
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