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TD Direct Investing Review, Pricing, and Features

TD Direct Investing logo

TD Direct Investing

td.com

TD Direct Investing is a Canadian self-directed brokerage for stocks, ETFs, options, mutual funds and fixed income. Standard whole-share stock trades cost $9.99, eligible partial shares cost $1.99, and selected ETFs trade commission-free. WebBroker, mobile access, research, registered accounts and TD-integrated funding make it a broad platform rather than a free-trading app.

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Pricing

Key fees from the official fee schedule

Source-checked · Jul 17, 2026

Online Canadian and U.S. stocks

$9.99 standard; $7.00 active trader

Eligible partial-share trades

$1.99 per trade

Online options

$9.99 or $7.00 plus $1.25 per contract

Quarterly maintenance fee

$25 below $15,000 unless waived

This profile covers the full TD Direct Investing service. TD Easy Trade is a distinct app-based service with different account, product and free-trade terms. Standard brokerage credit balances currently pay 0%. T-bills, money-market instruments, GICs and high-interest savings account securities are separate investments. See the TD Direct Investing fee schedule for your country.

Key features

  • Canadian and U.S. stocks at $9.99 standard or $7 Active Trader pricing.
  • Eligible stock and ETF partial-share trades for $1.99.
  • Options, mutual funds, bonds, GICs and other fixed income.
  • Cash, margin and major Canadian registered account types.
  • WebBroker, TD mobile app, Advanced Dashboard and research tools.
  • Canadian tax documents and gain/loss reporting based on activity.

Broker details

Account and availability

Available in 1 country

Canada

Account

Individual and joint cash or margin accounts, TFSA, FHSA, RRSP and spousal RRSP, RIF and locked-in retirement accounts, RESP and RDSP, Eligible corporate, trust, estate and investment-club accounts · CAD, USD base currency · No general account minimum stated

Cash and trading

Interest on uninvested cash

0%

Deposits

No TD deposit charge stated for standard electronic routes

TD account transfer, Canadian bank transfer or bill payment, Interac e-Transfer, branch deposit, phone transfer or brokerage transfer · Interac funding can be immediate; other routes vary

Withdrawals

Method and account-type fees can apply

TD or external bank transfer, registered withdrawal or account transfer · Varies by settlement, registration and review

Fractional shares

Limited availability

Eligible Canadian and U.S. stocks and ETFs · No numeric minimum stated; $1.99 trade fee

Tax support · Canada

Country tax report provided

Regulation and protection

TD Waterhouse Canada Inc.

Canadian Investment Regulatory Organization (CIRO)

Canadian Investor Protection Fund (CIPF) · Up to C$1,000,000 by CIPF account category

Covers missing eligible client property after member insolvency within CIPF limits, not market loss. Securities on loan through TD's stock-lending program are not CIPF-eligible while loaned.

Source-checked · Reviewed Jul 17, 2026 · Official sources: TD Waterhouse Canada account and disclosure documents, TD Direct Investing account selection, TD Direct Investing pricing, About CIPF coverage, TD Direct Investing annual interest rates, TD Direct Investing managing your money, TD Direct Investing partial shares, TD Direct Investing Tax Information Centre

FAQ

Is TD Direct Investing free?

TD Direct Investing should not be treated as free software. Brokerage access may have no monthly charge, but transaction, FX, market-data, custody, transfer, product, or spread costs can apply depending on the offer and jurisdiction. Check the broker details and official fee schedule.

Who is TD Direct Investing best for?

It suits beginner, intermediate, and advanced users.

What platforms and connections does TD Direct Investing support?

You can use TD Direct Investing on Web and Mobile.

Which markets does TD Direct Investing cover?

TD Direct Investing covers North America. Examples include CA. It tracks Stocks, ETFs, Options, Mutual Funds, and Bonds. Identifiers include Ticker and CUSIP.

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Added 07/17/2026
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