Overview
TD Direct Investing is the self-directed brokerage arm of TD Bank, one of Canada's Big Five. It offers deep research and seamless banking integration at the cost of old-school commissions.
Key Features
- WebBroker platform with extensive research
- Advanced Dashboard for active traders
- Full integration with TD bank accounts
- All registered account types supported
Fees
Flat $9.99 per online equity trade ($7.00 for active traders), which is the big-bank standard and roughly ten times what discount competitors charge. There's no commission-free ETF program, making it expensive for frequent small trades.
Regulation & Safety
As part of TD Bank Group, it operates under CIRO regulation with CIPF protection. Institutional stability is about as strong as it gets in Canada.
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Visit TD Direct Investing →Platform Experience
WebBroker is one of the better big-bank platforms, with solid research from multiple providers. The Advanced Dashboard adds streaming data and better order management for active clients.
Mobile App
The TD app handles investing alongside banking competently, though it trails fintech competitors in design and speed.
Pros & Cons
Pros
- Big-bank integration
- Strong research (WebBroker)
- CIPF protected
Cons
- High commissions
- Dated platform
Who Is TD Direct Investing Best For?
Existing TD banking clients who value one-institution convenience and research depth over trading costs.
Final Verdict
TD Direct is a solid, safe, full-featured broker weighed down by legacy pricing. If you trade rarely and bank with TD, the convenience can justify it; cost-conscious investors will do better at Questrade or Wealthsimple.
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