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Commission Schedule

Open your account today
Trade Type Currency Commission/Fee
Listed Securities CAD/USD $4.84 *Quantum users benefit from daily trade commission compression.
Options CAD/USD $0.84 per contract
Assignments CAD/USD $4.84
Mutual Funds (Sell only) CAD/USD $4.84
New Issues CAD/USD Free
Fixed Income CAD/USD $24.84
Broker Assisted CAD/USD $55.00

FAQ

Professionals using Independent Direct

What is Independent Direct?
Independent Direct is a no investment advice technology platform that allows clients to buy and sell Canadian and US listed securities. The platform is available in Canada and is designed to make investing more accessible to everyone.
  • There are several types of Personal Accounts, including:
    • Cash (Individual, Joint)
    • Margin (Individual, Joint)
    • Registered Accounts:
    • Registered Retirement Savings Plan (RSP)
    • Tax-Free Savings Account (TFSA)
    • Registered Education Savings Plan (RESP – coming soon)
  • There are several types of Entity Accounts including:
    • Corporations: (Cash or Margin)
    • Trusts:  (Cash or Margin)
    • Partnerships: (Cash or Margin)
    • Charities/Not for Profit Organizations: (Cash or margin)
    • Estates: (Cash or margin)
    • Individual Pension Plans (IPP) / Retirement Compensation Arrangements (RCA) (Cash only)

You can fund your account using:

  • Bank Transfer (via wire transfer – click here for instructions)
  • Direct Deposit (via electronic funds transfer – click here for instructions)
  • Bill Payment (use Fidelity Clearing Canada ULC as payee and cite your account number)
  1. Open the application and log in.
  2. Search for the security you want to trade.
  3. Select the amount of shares/options you want to buy or sell.
  4. Confirm your order.
  • Currency Conversion Fees: When trading securities in a currency other than the currency of the account, a currency conversion fee may apply.
  • Monthly Fees may apply to Serenity Connect and Independent Direct Quantum users. There is no monthly fee for Independent Direct Express.
You can withdraw funds to your bank account via electronic transfer or wire. Withdrawals are typically processed same business day.
There is no minimum investment amount.
Yes! Independent Direct is ideal for both short-term and long-term investing. The platform supports a variety of accounts and trading features, making it suitable for retirement savings or tax-advantaged long-term investment strategies as well as speed-based trading solutions.
Independent Direct is regulated by the Canadian Investment Regulatory Organization (CIRO) accounts are protected by the Canadian Investor Protection Fund (CIPF).

Independent Direct offers customer support via:

  • Phone support (+416-543-8484)
  • Email support through the app or website
  • Help Center on the website with answers to common questions

Yes, Independent Direct allows you to transfer existing investments from another brokerage into your Independent Direct account. You can initiate the transfer by downloading the interbroker transfer form (click here).

Yes, Independent Direct offers trading both Canadian and U.S. securities.