Canada - Stock Brokers

Questrade #

FoundedOctober 1, 1999
HeadquartersToronto, Ontario, Canada
ServicesStockbroker - Electronic trading platform - Robo-advisor
  • Questrade is an online brokerage firm and wealth management firm based in Canada.
  • Questrade has expanded to include robo-advising with its Questwealth Portfolios which invests in portfolios based on ETFs. #

IndustryFinancial services
HeadquartersVancouver, British Columbia
Area servedCanada
ProductsElectronic trading platform, robo-advisor
OwnerAviso Wealth
  • Credential Qtrade Securities Inc. , operating as Qtrade, is a stockbrokerage firm based in Vancouver, Canada.
  • It runs the online investment platform Qtrade Direct Investing and robo-advising service VirtualWealth.
  • They are members of Investment Industry Regulatory Organization of Canada (IIROC)
  • The Canadian Investor Protection Fund (CIPF) protects investors if the brokerage become insolvent.

RBC Direct Investing #

RBC Direct Investing is the brokerage division of the Royal Bank of Canada.

CI Direct Trading #

CI Direct Trading (formerly Virtual Brokers)

IndustryFinancial services
HeadquartersToronto, Ontario, Canada
ServicesBrokerage firm, Stock broker, Electronic trading platform
ParentCI Investment Services Inc.
  • CI Direct Trading, a division of CI Investment Services Inc.

  • CI Direct Trading’s parent company CI Investment Services Inc. is a subsidiary of investment management firm CI Financial.

  • Financial instruments: stocks, bonds, options, exchange-traded fund (ETF) and mutual funds.

  • Trade orders performed are executed by parent company broker-dealer CI Investment Services Inc.

  • It is registered in all provinces and territories of Canada, and is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF).

Voleo #

Voleo Inc.

Traded asTSXV:TRAD
IndustryFinancial services
HeadquartersVancouver, British Columbia, Canada
Area servedGlobal (Simulator and B2B White Label)
ServicesElectronic Trading Platform
SubsidiariesVoleo USA, Inc.
Website , .
  • Voleo enables users to form investment clubs with people they trust to democratically manage a portfolio in publicly traded securities.

  • Voleo is a publicly held company, trading on the TSX Venture Exchange under the ticker TRAD (TSX:V TRAD).

  • In March 2017, Voleo announced the completion of US State registrations for its subsidiary Voleo USA.

  • In December 2018, OP Financial Group announced it would be piloting the white-label Voleo platform in Europe as part of the OP WealthTech Partnership Program.

  • Products

    • Voleo is a mobile and web app that enables users to form, fund, and manage real money investment club partnerships.

      • The Voleo app allows users to create clubs with 3-100 people, propose, discuss, and vote on trades.
    • Voleo Simutrader is a paper money trading app for investment clubs, available internationally.

      • The Voleo SimuTrader App allows users to form investment clubs, propose trades, discuss and vote, track performance, and manage decisions in an entirely simulated environment.
    • Both Voleo apps track decisions made by club members and assigns a score to each member, known as a Definitive Return on Investment Decisions (DROID) score.

    • All customer accounts and assets are held by APEX Clearing Corporation, who are the fully disclosed carrying broker of introducing broker Voleo USA, Inc.

Wealthsimple #

Wealthsimple Inc.

IndustryFinancial services, online investment management
FoundedSeptember 2014; 7 years ago
FounderMichael Katchen, (CEO)
HeadquartersToronto, Ontario, Canada
ServicesRobo-advisor, stockbroker, electronic trading platform
OwnerPower Corporation of Canada (70.1%)
  • Products and services
    • Trading
      • Wealthsimple Trade allows to buy and sell various individual stocks and exchange-traded funds (ETFs) on major Canadian and U.S. exchanges.
      • It offers a stock and ETF trading account with zero-commission fees in the U.S. and Canada.
      • Wealthsimple Crypto is the company’s platform for buying and selling several cryptocurrencies,
    • Invest
      • Wealthsimple Invest is the company’s automated investing service, which manages users’ investments via a personalized portfolio of low-fee exchange-traded funds.
    • Wealthsimple combines a robo-advisor platform with access to online live advisors.
    • There is no account minimum required and no charge per transaction.
    • An annual fee is charged ranging from 0.4% to 0.5% based on account size.
    • In September 2018, the company started offering a micro-investing service called Roundup, which automatically rounds up purchases and invests the extra change into one’s Wealthsimple investment account.
    • Cash
      • Wealthsimple Save, a high-interest savings account.
      • Wealthsimple Cash, a peer-to-peer cash transfer platform.
    • Tax
      • Wealthsimple Tax (formerly SimpleTax) is an all-in-one tax preparation and filing platform.
      • In September 2019, Wealthsimple acquired SimpleTax, a Canadian tax software company originally launched in 2012.