Canada
Best Low Fees Brokers in Canada
Compare the top-rated brokers for Low Fees with scores up to 98/100. Enjoy comprehensive investor protection and highly regulated services.
Last updated: July 2026
We compared the 6 best low fees brokers available to traders in Canada. Interactive Brokers leads the ranking, ahead of Fidelity, with a 4.8/5 rating. Minimum deposits start from $0, and fees begin at $0.0005 to $0.0035 per share. Compare each broker's strengths and trade-offs below.
Broker snapshot — Canada
- Brokers compared
- 6
- Minimum deposit
- $0
- Highest rated
- Interactive Brokers (4.8/5)
- Most established
- Fidelity · 77 yrs
- Popular platforms
- TWS, IBKR Mobile, Web Portal, Active Trader Pro
- Markets covered
- Stocks, ETFs, Options, Futures, Forex, Bonds
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Low Fees Broker Comparison — Canada
| # | Broker | Rating | Min deposit | Trading fees | Trust score | Regulation |
|---|---|---|---|---|---|---|
| 1 | Interactive Brokers | ★ 4.8/5 | — | $0.0005 to $0.0035 per share | 95/100 | SEC, FINRA |
| 2 | Fidelity | ★ 4.6/5 | — | $0 for stocks and ETFs | 94/100 | SEC, FINRA |
| 3 | Kraken | ★ 4.7/5 | — | From 0.16% | 95/100 | FinCEN, FCA |
| 4 | TD Ameritrade | ★ 4.7/5 | — | $0 for stocks and ETFs | 95/100 | SEC, FINRA |
| 5 | Charles Schwab | ★ 4.8/5 | — | $0 for stocks and ETFs | 98/100 | SEC, FINRA |
Best Brokers for Low Fees
Back to list
Interactive Brokers
Trading fees
$0.0005 to $0.0035 per share
Min deposit
See website
Platforms
TWS, IBKR Mobile, Web Portal
Regulation
SEC, FINRA, FCA, CySEC, MAS
Advantages
- Lowest trading fees in the industry
- Most trusted regulatory licenses
Disadvantages
- Complex platform for beginners
- High minimum for margin accounts
Fidelity
Trading fees
$0 for stocks and ETFs
Min deposit
See website
Platforms
Active Trader Pro, Mobile App, Web Platform
Regulation
SEC, FINRA
Advantages
- Excellent research tools
- Fractional share trading
Disadvantages
- Active Trader Pro needs improvement
- No crypto trading
Trading fees
From 0.16%
Min deposit
See website
Platforms
Kraken Pro, Kraken Terminal, Mobile App
Regulation
FinCEN, FCA, FINTRAC
Advantages
- High security standards
- Advanced trading features
Disadvantages
- Complex for beginners
- Limited payment methods
TD Ameritrade
Trading fees
$0 for stocks and ETFs
Min deposit
See website
Platforms
thinkorswim, TD Mobile, Web Platform
Regulation
SEC, FINRA
Advantages
- Excellent thinkorswim platform
- Comprehensive educational resources
Disadvantages
- Higher options contract fees
- No fractional shares
Charles Schwab
Trading fees
$0 for stocks and ETFs
Min deposit
See website
Platforms
StreetSmart Edge, Web Trading, Mobile App
Regulation
SEC, FINRA
Advantages
- Comprehensive trading platform
- Excellent research tools
Disadvantages
- Advanced platform learning curve
- No crypto trading
TradeStation
Trading fees
$0 for stocks and ETFs
Min deposit
See website
Platforms
TradeStation Desktop, Web Trading, Mobile App
Regulation
SEC, FINRA, SIPC
Advantages
- Professional-grade platform
- Advanced analysis tools
Disadvantages
- Learning curve
- Platform fees for small accounts
How to choose a broker in Canada
Traders across the Americas can choose from a wide range of platforms. In Canada, compare fees, funding options, and the assets each broker offers before opening an account.
To keep costs low in Canada, look beyond headline commissions: compare spreads, currency-conversion charges, withdrawal fees, and inactivity fees, which can quietly erode returns over time.
What to look for
Regulation & safety
Confirm the broker is authorised to serve clients in your country and that client funds are appropriately safeguarded.
Fees & spreads
Compare trading commissions, spreads, and non-trading fees such as withdrawals or inactivity charges.
Deposits & withdrawals
Check for funding methods that work locally, and review minimum deposit requirements and processing times.
Platform & app
Make sure the web and mobile platforms are stable, easy to use, and offer the tools you need.
Available markets
Verify the broker offers the assets you want to trade, whether stocks, ETFs, forex, or crypto.
Support & language
Look for responsive customer support, ideally in your preferred language and time zone.
Practice before you trade
New to investing? Build confidence first with a free stock market simulator — trade with virtual money on real market data before risking a cent.
Try the free simulator→How we rate brokers
Every broker is scored on the factors that shape real trading outcomes: total cost (fees and spreads), regulation and safety, platform quality and reliability, the range of available markets, and the depth of research and education. Ratings are reviewed regularly and updated as brokers change their offerings.
Frequently Asked Questions
What is the best low fees broker in Canada in 2026?
Based on our analysis, Interactive Brokers is the top-rated low fees broker in Canada for 2026, with a 4.8/5 rating and 95/100 trust score. They are regulated by SEC, FINRA, FCA, CySEC, MAS and offer trading fees starting at $0.0005 to $0.0035 per share.
How many low fees brokers are available in Canada?
There are currently 6 regulated low fees brokers accepting traders from Canada, including Interactive Brokers, Fidelity, Kraken.
What is the minimum deposit for low fees trading in Canada?
The lowest minimum deposit among low fees brokers in Canada is $0 (Interactive Brokers). Minimum deposits range from ${minDeposit} to $0 depending on the broker and account type.
Are online brokers safe to use in Canada?
Yes, the brokers listed on our site are regulated by reputable financial authorities. For example, Interactive Brokers is regulated by SEC, FINRA, FCA, CySEC, MAS. We recommend always verifying a broker's regulatory status before opening an account.
How do we rate and compare brokers?
We evaluate brokers based on trading fees, minimum deposits, available platforms, regulatory compliance, user ratings, and trust scores. Each broker is rated on a 1-5 star scale and assigned a trust score out of 100 based on their regulatory standing and track record.
Compare other broker types in Canada
Reviewed by Three Investeers Team · Financial Education Team
Our team of experienced traders and financial educators is dedicated to making investing accessible to everyone. With decades of combined market experience, we provide research-backed insights and unbiased reviews.
How We Review Brokers
Our broker reviews are based on extensive hands-on testing and independent research. We evaluate each broker across multiple criteria including fees, platform usability, available instruments, regulation, customer support, and educational resources. Scores are calculated using a weighted methodology that prioritizes factors most important to each trading category.
Independent reviews — not influenced by broker partnerships
Hands-on testing — we open real accounts to evaluate platforms
Regular updates — reviews are refreshed as brokers change their offerings
Fact-checked — all data verified against official broker sources
Disclaimer: Some links on this page may be affiliate links. We may receive a commission if you open an account through our links, at no extra cost to you. This does not affect our ratings or editorial independence.