If you’re concerned about paying high fees on your investments through your bank and unsure how to lower those fees, an online brokerage (also called a discount brokerage) might be a good choice for you. Online brokerages let you build your own investment portfolio for significantly lower costs than your neighbourhood investment advisor.
Through an online brokerage, you can buy and sell stocks yourself and have total control over customizing your investments.
There are many online brokerages in Canada, and two of the most popular ones are Questrade and RBC Direct Investing. Today we’re going to make a head-to-head comparison to help you decide which brokerage is right for you.