TD Direct Investing review
Updated September 28, 2026 · BrokerCue Editorial Team · Facts checked September 26, 2026
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Our verdict
TD Direct Investing suits investors who want stocks, ETFs, options, bonds and funds in a single Canadian account and accept a stated price per trade. The account fee of CAD 100 makes this a priced deal rather than a commission-free platform.
Key facts
- Best for
- A single account holding shares, ETFs, options, bonds and funds with phone support.
- Stock trade fee
- CA$9.99 (Source, checked September 26, 2026)
- Account fee
- CA$100 (Source, checked September 26, 2026)
- Markets
- Stocks, ETFs, Options, Bonds, Funds (Source, checked September 26, 2026)
- Regulators
- CIRO (Source, checked September 26, 2026)
- Options contract fee
- CA$1.25 (Source, checked September 26, 2026)
- Platforms
- WebBroker, TD app, Advanced Dashboard, TD Active Trader (Source, checked September 26, 2026)
- Legal entity
- TD Waterhouse Canada Inc. (Source, checked September 26, 2026)
- Headquarters
- Canada (Source, checked September 26, 2026)
- Support channels
- Phone, Help-centre (Source, checked September 26, 2026)
- Features
- Mobile app, Demo account
- Official website
- td.com
Pros and cons
Pros
- Markets run to stocks, etfs and options from a single account.
- Platforms: WebBroker, TD app and Advanced Dashboard.
- Regulated in Canada by CIRO.
- Features listed: mobile app and demo account.
Cons
- The account fee of CAD 100 sits well above Vantage's $0.
- Support runs on phone and help centre only, with no chat or email route listed.
- Currencies, CFDs and crypto sit outside stocks, etfs and options, so those trades have to go elsewhere.
Who it suits
- Investors who want shares, ETFs, options, bonds and funds in a single account and expect support on phone and help centre.
- People who prefer a stated price per trade to a commission-free model and trade often enough to use several platforms.
- Canadian investors who want the account held with TD Waterhouse Canada Inc. under CIRO.
Who should look elsewhere
- eToro if you want commission-free share dealing at $0.
- Vantage if you would rather pay $0 for the account.
- CFI if you want forex, CFDs or crypto, which stocks, etfs and forex covers and stocks, etfs and options does not.
How it compares on our data
On our data, TD Direct Investing sits at position 123 of 138 on account fee, and at position 152 of 161 on stock trade fee. Both sit high in the tables, so the cost of opening the account and the cost of each deal are steeper than at most of the brokers listed here.
The company behind it
The brokerage runs as TD Waterhouse Canada Inc., with its head office in Canada, so the contract is with a Canadian company. Support runs on phone and help centre and no other channel is listed, which narrows help to phone and a self-service help centre. The entity name is worth reading before opening an account, because it is the party on the paperwork.
How TD Direct Investing compares
8.7 vs 9.0
8.7 vs 9.4
8.7 vs 8.7
MarketScreener
8.7 vs 9.4
8.7 vs 8.7
8.7 vs 9.0
8.7 vs 9.3
8.7 vs 8.7
8.7 vs 8.6
8.7 vs 9.2Share dealing costs $0, against CAD 9.99 here.
8.7 vs 8.7
Kitco
8.7 vs 9.1
8.7 vs 9.0
8.7 vs 9.0Pepperstone
Vaulted
wikifolio.com
Intellectia
Winvest
Libertex International
XM VN
Where TD Direct Investing is available
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
How much does it cost to trade?+
A stock trade costs CAD 9.99 and an options contract CAD 1.25, with the account itself at CAD 100. Pricing is per deal rather than a percentage of the trade, so a long list of small orders costs more here than at a commission-free platform. Anyone placing trades weekly should add up the bill before opening.
Is TD Direct Investing regulated?+
Regulation sits with CIRO in Canada, and the client contracts with TD Waterhouse Canada Inc., which is headquartered in Canada. The details here cover fees, markets and platforms, so the client agreement is the place to check what compensation applies if the firm fails.
What can I trade on the account?+
The account covers stocks, etfs and options. That mix suits a plan built from shares, ETFs, bonds and funds, with options available for anyone who wants them. Currencies, CFDs and crypto are not in that list, so traders who need them have to look at another broker.
Which platforms and apps are available?+
There are several ways in: WebBroker, TD app and Advanced Dashboard. The list spans a web platform, a mobile app and a more advanced trading dashboard, so the account works for occasional investors and for frequent traders. Features listed for the account include mobile app and demo account.
Can I practise before trading real money?+
The feature list includes mobile app and demo account, so there is a practice environment as well as the mobile app. That gives a way to learn the platforms without putting money at work first. It does not change the pricing: CAD 9.99 a stock trade and CAD 100 for the account still apply on a live account.
How does it compare with cheaper brokers?+
eToro charges $0 for a share deal and Vantage charges $0 for an account, against CAD 9.99 and CAD 100 here. On both lines this broker is the dearer of the three, so the argument for it rests on the range of markets and the choice of platforms.
Sources
- ciro.ca checked September 26, 2026
Backs: Regulators, Licences
- td.com/ca/en/investing/direct-investing checked September 26, 2026
Backs: Markets
“Stocks or Equities, Exchange Traded Funds, Mutual Funds, Fixed Income Investments, Options - TD Direct Investing”
- td.com/ca/en/investing/direct-investing/pricing checked September 26, 2026
Backs: Account fee, Features, Headquarters, Legal entity, Options contract fee, Platforms, Stock trade fee, Support channels
“For accounts with a total balance less than $15,000, you will be charged $25 quarterly maintenance fees - TD Direct Investing pricing”
Compiled from 3 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Minimum deposit, Inactivity fee, Investor protection, Retail accounts that lose money.
TD Direct Investing
A single account holding shares, ETFs, options, bonds and funds with phone support.