What are the best stock brokers in Canada in 2026?

Portrait of Roch de Montesquieu By Roch de Montesquieu 4 brokers analyzed SEC · FCA · ASIC regulators verified Updated August 5, 2026

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#2 0% commission
#2
XTB

0% commission

4.6
  • Assets to trade

    Stocks, ETFs, CFDs

  • Minimum deposit

    $0

  • Deposit fees

    Free

0% commission on stocks and ETFs

  • No commission and no brokerage fees
  • Award-winning xStation 5 platform
  • Unlimited demo account
  • Wide range of educational tools
5 things to know about XTB
Is XTB reliable?

XTB is a fully regulated and recognised broker on the European market. The broker emphasises its reliability and execution quality. With its solid reputation and transparency on client-funds management, you can invest with full confidence.

Why choose XTB?

XTB clearly stands out for 0% commission on stocks and etfs. Key strengths: No commission and no brokerage fees, Award-winning xStation 5 platform and unlimited demo account. This is an excellent choice for investors interested in stocks, etfs, cfds.

What are the fees at XTB?

On pricing, XTB offers a very accessible minimum deposit of $0 and free. Fees are among the most competitive on the European market, with welcome transparency on all costs.

Who is XTB for?

XTB suits a wide audience: beginners benefit from the intuitive interface, while experienced investors appreciate its reliability. Its "0% commission" positioning makes it a particularly solid pick.

Is it easy to withdraw from XTB?

Withdrawals at XTB are fast and predictable. Expect a few hours for e-wallets and 24h-48h for bank transfers. The process is fully secured and well documented.

Read my full review ofXTB
#3 CFD specialist regulated since 2006
#3
4.8
  • Assets to trade

    CFDs, forex, stocks, cryptos, commodities

  • Minimum deposit

    $100

  • Deposit fees

    Free

Commission-free trading, a wide range of assets

  • $0 deposit and withdrawal fees
  • MT4, MT5, cTrader and TradingView
  • Free demo account
  • Regulated by the FCA, CySEC, CBI and ASIC
5 things to know about AvaTrade
Is AvaTrade reliable?

AvaTrade is a fully regulated and recognised broker on the European market. Regulated by the FCA, CySEC, CBI and ASIC. With its solid reputation and transparency on client-funds management, you can invest with full confidence.

Why choose AvaTrade?

AvaTrade clearly stands out for commission-free trading, a wide range of assets. Key strengths: $0 deposit and withdrawal fees, MT4, MT5, cTrader and TradingView and free demo account. This is an excellent choice for investors interested in cfds, forex, stocks, cryptos, commodities.

What are the fees at AvaTrade?

On pricing, AvaTrade offers a very accessible minimum deposit of $100 and free. Fees are among the most competitive on the European market, with welcome transparency on all costs.

Who is AvaTrade for?

AvaTrade suits a wide audience: beginners benefit from the intuitive interface, while experienced investors appreciate its reliability. Its "CFD specialist regulated since 2006" positioning makes it a particularly solid pick.

Is it easy to withdraw from AvaTrade?

Withdrawals at AvaTrade are fast and predictable. Expect a few hours for e-wallets and 24h-48h for bank transfers. The process is fully secured and well documented.

Read my full review ofAvaTrade
#4 Low-cost stocks and ETFs
#4
moomoo

Stocks and ETFs

4.6
  • Assets to trade

    US and Canadian stocks, ETFs, options

  • Minimum deposit

    $0

  • Deposit fees

    Free

Advanced trading tools with $0 annual fees

  • $0 annual fees
  • TFSA, RRSP, cash and margin accounts
  • Advanced trading tools and analytics
  • Served in Canada by a CIRO member (CIPF coverage)
5 things to know about moomoo
Is moomoo reliable?

moomoo is a fully regulated and recognised broker on the European market. The broker emphasises its reliability and execution quality. With its solid reputation and transparency on client-funds management, you can invest with full confidence.

Why choose moomoo?

moomoo clearly stands out for advanced trading tools with $0 annual fees. Key strengths: $0 annual fees, TFSA, RRSP, cash and margin accounts and advanced trading tools and analytics. This is an excellent choice for investors interested in us and canadian stocks, etfs, options.

What are the fees at moomoo?

On pricing, moomoo offers a very accessible minimum deposit of $0 and free. Fees are among the most competitive on the European market, with welcome transparency on all costs.

Who is moomoo for?

moomoo suits a wide audience: beginners benefit from the intuitive interface, while experienced investors appreciate its reliability. Its "Low-cost stocks and ETFs" positioning makes it a particularly solid pick.

Is it easy to withdraw from moomoo?

Withdrawals at moomoo are fast and predictable. Expect a few hours for e-wallets and 24h-48h for bank transfers. The process is fully secured and well documented.

Before you choose a broker, what you need to know

Choosing an online broker is no small decision: this is the intermediary that will execute your orders, hold your funds and charge you on every transaction. Before you sign up, keep in mind 3 essential criteria that separate a good broker from a bad experience.

  • 01

    Regulation, always first

    A broker regulated by CIRO (Canada), the SEC (US), the FCA (UK), CySEC (Cyprus) or BaFin (Germany) guarantees segregation of client funds, protection if the firm fails, and a solid legal framework. Without tier-1 regulation, we will not even look at the rest.

  • 02

    The real fee structure

    Beyond the headline "0% commission", a broker's true cost hides in brokerage fees, custody charges, currency-conversion fees and inactivity fees. Work out the annualized cost for your own profile before you commit.

  • 03

    A platform that matches your level

    A beginner needs a clear interface, a free demo account and educational resources. An active investor wants fast execution, advanced charting tools and professional support. The right broker is the one that fits how you actually use it.

Once those three criteria check out, it is time for the concrete choice: below, our detailed take on each of the 13 brokers in the comparison, ranked by how relevant they are for a retail investor.

How to choose an online broker in 2026

Two brokers both advertising « 0 commission » can cost very differently once currency conversion, custody and inactivity fees are counted. Here are the five criteria that actually make the difference, and what I check before opening an account.

Criterion What I check
Regulation A tier 1 licence (CIRO in Canada, FCA, CySEC, ASIC), segregation of client funds and an investor compensation scheme. I avoid offshore registrations (Belize, Vanuatu) that offer no real protection.
Real cost Beyond the headline commission: the currency conversion fees on foreign shares, custody fees and inactivity fees. This is often where the cost gap between two brokers hides.
Range and markets The depth of the offering (stocks, ETFs, fractional shares) and the markets you can reach. A long list means little if the markets you care about are missing or thinly traded.
Platform and execution A clean interface, readable tools, a stable app and reliable order execution. A good broker is judged as much on the daily experience as on the fee schedule.
Deposit and support An accessible minimum deposit, responsive support and a demo account to practise. Useful for getting started without pressure, especially in the first year.

No broker leads on all five at once. The right pick depends on your profile: the ranking above weighs these criteria for a retail investor.

01 Eightcap: ECN spreads, zero deposit fees, my editor's pick

Most brokers in this comparison make you give something up on cost. Eightcap doesn't, which is why it takes my editor's choice. The standard account charges no commission, deposits and withdrawals are free, and nothing gets quietly clawed back at the margins. For an investor putting real money to work, that matters: every dollar you don't lose to friction stays invested and compounding, instead of leaking out trade after trade.

The regulation is the part I weigh most heavily. Eightcap answers to ASIC and CySEC, and client money sits in segregated accounts, kept separate from the firm's own books. In practice that means your funds are ring-fenced if anything goes wrong with the business, which is exactly the protection you want before you fund an account rather than after.

The tooling backs up the pitch. Execution runs off servers in London and New York, so orders fill quickly, and you get MT4, MT5 and TradingView out of the box rather than a single locked-in interface. The 800+ markets cover the stocks and ETFs most retail investors actually reach for, and a 30-day free demo lets you pressure-test the whole setup before a cent is at stake.

One more strength worth calling out: the platform freedom. You get MT4, MT5 and TradingView from day one, so whatever charting and analysis setup you've built your process around, it's right there rather than locked behind a single proprietary screen. Pair that with fast, stable execution that holds up when markets get busy, and it's the most complete value-for-money package on this page, and the one I'd fund first, without a single reservation.

04 AvaTrade: multi-regulated, interest on cash, an academy that actually teaches

Versatility is what sets AvaTrade apart, and it's why I recommend it to investors who want options instead of a single narrow lane. Regulated by the Central Bank of Ireland and present in more than 150 countries since 2006, it carries one of the strongest Trustpilot scores in its category. That rating isn't decoration: when this many clients across this many markets rate the day-to-day experience highly, it tells me the platform holds up once the marketing is over.

What I value most is how the broker grows with you. The AvaTrade Academy packs in dozens of free tutorials, so a newer investor can build real knowledge before committing capital, and the AvaTradeGo app is genuinely pleasant to use day to day. The unlimited demo lets you learn the ropes without risking a cent, and there's a welcome offer to get you started.

One detail I rate more than most reviewers would: your uninvested cash earns interest here rather than sitting idle. On a portfolio you're building gradually, that's a quiet tailwind, money working even between your decisions, and over the years it adds up.

I'll stress one more thing too many reviews skip: here you grow with the broker. You start guided by the academy and the app, then step up to heavier tools without ever switching firms or relearning a new interface. That continuity is worth a lot when you're building a portfolio over years rather than weeks. For a well-rounded broker that supports you from your first order to your hundredth, few here are as easy to put my name behind, and I do so without the slightest reservation.

07 XTB: Warsaw-listed, 0% commission on stocks and ETFs, 11,600+ markets

For regulatory peace of mind, XTB stands in a class of its own on this list. It answers to a stack of respected authorities, including the UK's FCA and Poland's KNF, and the company itself is listed on the Warsaw Stock Exchange. That last point matters more than it looks: a publicly listed broker has to open its books to the market, so you're trusting a firm with real transparency obligations, not a private black box, with your savings.

The offer is just as strong as the oversight. XTB carries 11,600+ markets with stocks and ETFs front and center, and charges 0% commission on stock and ETF trades up to $100,000 of monthly volume. For the vast majority of retail investors that threshold is never even approached, so in practice you're trading your core portfolio for free, and the savings versus a per-order broker are substantial over time.

Day to day, the award-winning xStation platform is a pleasure to work with, the education library runs deep enough to take a newcomer a long way, and the demo is unlimited. Founded back in 2002, this is a serious, battle-tested operator, not a venture-funded experiment that might pivot next year.

One more thing firmly in its favour, and it's the kind of detail that builds real trust: XTB is listed on the Warsaw Stock Exchange. A publicly traded broker has to open its books to the market and meet genuine transparency obligations, so you're handing your savings to a firm under real scrutiny rather than a private black box. Add the award-winning platform, the unlimited demo and the deep education library, and XTB is the broker I'd point most stock investors to before any other on this page, without reservation.

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Frequently asked questions about online brokers

What is the best online broker in 2026?

In my ranking, Eightcap comes first on cost and regulation, ahead of eToro for its simplicity and social trading, and XTB for its Warsaw-listed status with zero commission on stocks and ETFs. The best pick remains the one whose fees, range and platform match your project.

How much do I need to start investing?

Several regulated brokers accept a first deposit of 50 to 100 US dollars, and let you buy fractional shares to invest small amounts. Starting small and investing regularly remains the best way to begin without taking excessive risk.

Are online brokers safe?

A broker regulated by a tier 1 authority (FCA, CySEC, ASIC) must keep client funds separate from its own accounts and belong to an investor compensation scheme. The real risk comes from unregulated or offshore-registered firms, which I recommend avoiding.

What fees should I watch out for?

The trading commission, but also currency conversion fees on foreign holdings, custody fees, inactivity fees and withdrawal fees. Added up over a year, these side fees often weigh more than the headline commission.

Commission-free brokers: is it really free?

Zero commission rarely means zero cost. Look at the spread, the currency conversion fee applied when you buy foreign shares, and any inactivity fee. On the same trade, two commission-free brokers can charge very different amounts.

How are investment gains taxed?

Taxes on capital gains and dividends depend on your country of residence, so check your local rules. Many brokers issue an annual tax statement that makes reporting easier.