How to Open A Canadian Trading Account

Opening a Canadian stock trading account is a simple as finding a broker that meets your requirements, filling out an application, and making the required initial deposit. All of this can be done online.

You need to decide if you want to use a full-service broker or a discount broker. If you are new to stock trading, or you do not have the time, experience, or desire to manage stock trading yourself, a full-service broker may be your best choice.

Full-service brokers typically charge a larger commission fee, but they handle all of the work for you. If you have Internet access, and are comfortable making your own trading decisions, a discount broker can save you a lot of money.