No fee everyday banking
Set up direct deposit and skip the monthly fee. Free to open, and the Easy plan has no monthly fee. Worth doing if you will actually move your pay or your CRA deposits over, not if the card sits unused. Code BREMO2026.
A discount broker (also called a self-directed brokerage or online broker) lets you buy and sell investments yourself without a full-service advisor. For Canadians who know what they want to invest in, discount brokers offer lower costs and full control over their portfolio.
A discount broker provides an online or app-based platform to buy stocks, ETFs, mutual funds, bonds, and options. You make all the investment decisions; the broker executes trades and holds your securities. They charge lower fees than full-service advisors because no advice is bundled in.
Canada's most popular commission-free brokerage. No trading commissions on Canadian or US stocks and ETFs. Offers TFSA, RRSP, FHSA, and non-registered accounts. Very beginner-friendly interface. Premium tier offers additional features. Best for: beginners and casual investors who want zero-commission trading.
A Canadian pioneer in discount brokerage. Buy ETFs for free (selling has a commission). Access to more asset classes including bonds, GICs, options, and US securities. More features for active traders. Best for: investors who want more tools and free ETF purchases.
Big bank brokerages with the familiarity and integration of established institutions. Higher trading commissions than independent platforms ($7–$10 per trade) but waivable with higher balances. Best for: investors already banking with a big bank who want integration.
Best for sophisticated investors. Lowest commissions for active traders, access to global markets, margin accounts. Steep learning curve. Best for: experienced investors making frequent trades or accessing international markets.
Most accounts can be opened online in 15–30 minutes. You'll need your SIN, a government ID, and banking information for funding. TFSA and RRSP accounts can be set up within the brokerage — you don't need a separate account at a bank.
KOHO offers free banking with no monthly fees. Use code BREMO2026 for a bonus when you sign up.
Open KOHO Free — No Fees — Code BREMO2026