If you want to manage your own investments, how do you choose the best online broker?
We recommend that you consider six factors:
Finding the best online brokerages based on these criteria can be a bit of a chore. Fortunately, there are good third-party evaluations to turn to, including annual rankings of online brokerages from The Globe and Mail, Surviscor and MoneySense.
Qtrade Investor has consistently received strong reviews from industry evaluations.
Take the example of The Globe and Mail, which has been publishing columnist Rob Carrick’s review of online brokers for well over a decade. Over those years, Qtrade Investor has continually finished in the top-tier, including nine number-one rankings.
Overall, there's an attention to client-friendly detail at Qtrade that other brokers don't match."— Rob Carrick, Personal Finance Columnist, The Globe and Mail (2018)
Source: The Globe and Mail's annual online broker ranking published 2012 to 2020.
The annual ranking used numbers until 2012 and letter grades from 2013 to 2020.
More samples of recent endorsements include:
Surviscor Brokerage Service Award
2019, 2018, 2017, 2016
The Globe and Mail Online Broker Ranking
2020, 2018, 2016
MoneySense Best Online Brokerage Review
2018, 2017, 2016