TD Direct Investing review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Our verdict
TD Direct Investing suits Canadian investors who want shares, ETFs, options, bonds and funds under a single account, with phone and help centre support. Trading costs CAD 9.99 per stock order and CAD 1.25 per option contract, plus an account fee of CAD 100.
Key facts
- Best for
- A single Canadian brokerage for shares, ETFs, options, bonds and funds.
- Stock trade fee
- CA$9.99↗
- Account fee
- CA$100↗
- Markets
- Stocks, ETFs, Options, Bonds, Funds↗
- Regulators
- CIRO↗
- Options contract fee
- CA$1.25↗
- Platforms
- WebBroker, TD app, Advanced Dashboard, TD Active Trader↗
- Legal entity
- TD Waterhouse Canada Inc.↗
- Headquarters
- Canada↗
- Support channels
- Phone, Help-centre↗
- Features
- Mobile app, Demo account
- Official website
- td.com
Facts checked September 26, 2026, 3 sources
Pros and cons
Pros
- A single account covers stocks, etfs and options, so a household can hold shares and bonds together.
- Regulated in Canada by CIRO, with the account run by TD Waterhouse Canada Inc..
- You can trade through WebBroker, TD app and Advanced Dashboard, so the same account works on a phone and on a desktop.
- The mobile app and demo account options mean you can try a demo account before committing real money.
Cons
- The account fee of CAD 100 is charged whatever you hold, so a small portfolio still costs money.
- Dealing costs add up: CAD 9.99 per stock order and CAD 1.25 per option contract.
- Support runs on phone and help centre only, with no live chat for quick questions.
Who it suits
- Canadian households building a long term portfolio across stocks, etfs and options under a regulated broker.
- Self-directed investors comfortable placing their own orders and paying CAD 9.99 each time they deal.
- People who want to learn the screens first, since a demo account is included.
Who should look elsewhere
- Not for investors outside Canada: the legal entity is TD Waterhouse Canada Inc. and the headquarters country is CA.
- Not for crypto or forex traders: bunq covers stocks, etfs and crypto, while TD lists stocks, etfs and options.
- Not for traders who want forex and CFDs in the same account: CFI covers stocks, etfs and forex.
How TD Direct Investing compares
8.6 vs 9.4
8.6 vs 8.7
8.6 vs 8.3
8.6 vs 8.5
8.6 vs 9.4
8.6 vs 9.3
8.6 vs 8.7
8.6 vs 9.2
8.6 vs 8.7
8.6 vs 8.6
8.6 vs 9.2
8.6 vs 9.2
8.6 vs 9.0
8.6 vs 9.2
8.6 vs 9.2
8.6 vs 9.2
8.6 vs 9.1
8.6 vs 9.0
8.6 vs 9.0
8.6 vs 9.0
8.6 vs 9.0
8.6 vs 8.8
Where TD Direct Investing is available
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to keep a TD Direct Investing account?+
The account fee is CAD 100, which places TD at 127 of 142 brands on this measure. Stock orders cost CAD 9.99 each, and options trades cost CAD 1.25. The costs are not the lowest in the field, so trade frequency matters more here than elsewhere.
Who regulates TD Direct Investing?+
TD Direct Investing is regulated in Canada by CIRO, and the account is run by TD Waterhouse Canada Inc., with CA as the headquarters country. You can check the regulator's register to confirm the firm is authorised, and ask them what protection applies to cash and holdings on the account.
What can I actually trade on the account?+
TD Direct Investing covers stocks, etfs and options. That mix suits a household building a long term portfolio across shares, ETFs and funds, with bonds for the defensive part and options for hedging. There is no crypto or forex in that list, so traders in those markets need a different broker.
Which platforms can I use?+
You can trade through WebBroker, TD app and Advanced Dashboard. That gives you a choice of screen depending on how often you trade and how much detail you want in an order ticket. The mobile app and demo account options include a demo account, so you can practise on the same screens before you put money in.
How do I get help when something goes wrong?+
You can reach support on phone and help centre. A phone line handles questions that need a person, and the help centre covers the everyday how-to material. Anyone who prefers live chat during the day is out of luck, so check the channel mix before you rely on it for a time sensitive problem.
How common are losses on retail investment accounts?+
The share of retail accounts that lose money across these brokers is 70.15%, with the lower quartile at 65.75% and the upper quartile at 74.5%. That is a market wide picture, not a forecast for any single account, and fees such as CAD 9.99 chip away at returns either way.
Who is this account built for?+
TD Direct Investing is built for Canadian investors who want to run their own portfolio rather than hand it to a manager. The account sits with TD Waterhouse Canada Inc., covers stocks, etfs and options, and carries an account fee of CAD 100 plus trading costs, so it rewards people who trade with a plan rather than those who dip in and out.
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 Canadian brokerage for shares, ETFs, options, bonds and funds.