0 commission trading plus options in Canada

wxytrader · Sep 17, 2023

Trade station: Not available in Canada
Robinhood: Not available in Canada
CMC: margin trading but no options
AVA trade: only forex as far as I can tell
Wealth simple: $2 per contract with less than 100k, then $.75 per contract.

I can find 0 commission trading in Canada, but none that allow options trading.

destriero · Sep 17, 2023

Questrade or IBKR are your only choices for options.

deaddog · Sep 17, 2023

wxytrader said:
I can find 0 commission trading in Canada, but none that allow options trading.

For stocks National bank is zero commission.
I don't know about options.
Not sure about IB.

Edit: Options are 1.25 per contract

wxytrader · Sep 17, 2023

destriero said:
Questrade or IBKR are your only choices for options.

ok already have an account because was considering futures briefly. I'll check it out again.

Ok it looks like .15 to .65 for options. Not bad. Really not a fan of the platform but will give it another try.

wxytrader · Sep 17, 2023

wxytrader said:
ok already have an account because was considering futures briefly. I'll check it out again.

Ok it looks like .15 to .65 for options. Not bad. Really not a fan of the platform but will give it another try.

OMG I can't use it.

deaddog · Sep 17, 2023

wxytrader said:
OMG I can't use it.

Why??

destriero · Sep 17, 2023

IBKR =death, but cheaper than questrade.

Overnight · Sep 17, 2023

destriero said:
IBKR =death, but cheaper than questrade.

Lol, wouldn't it be better to pay more for not death?

wxytrader · Sep 17, 2023

Overnight said:
Lol, wouldn't it be better to pay more for not death?

deaddog said:
Why??

Have you ever traded on it?

ETJ · Sep 17, 2023

Canada does allow payment for flow and options are expensive from a fee standpoint

"
Why is payment for order flow banned in Canada?

As the Guidelines to MAS Notice SFA 04-N16 on Execution of Customers' Orders details, “PFOF introduces conflicts of interests and is likely to cause harm to customers as the CMS Broker may be incentivized to pursue commission or other form of payment from another broker or counterparty in return for routing customers' ...Feb 22, 2023"