Clients of Montreal-based National Bank Direct Brokerage (NBDB) will now be able to trade online every Canadian-listed exchange-traded fund (ETF) on the Toronto Stock Exchange without any transaction fees, the online brokerage announced on Friday.
There are no restrictions related to account size or number of transactions, to the extent that a minimum of 100 shares must be traded.
Friday’s announcement makes NBDB the first Canadian online brokerage firm to offer commission-free trading of every ETF listed in Canada, the company says in a statement.
“No transaction fees for all ETFs listed in Canada. This will make online investing more accessible for a greater number of investors. At the same time, it ensures that National Bank Direct Brokerage remains at the forefront of innovation,” adds Laurent Blanchard, president of NBDB.
National Bank Direct Brokerage is a wholly owned subsidiary of National Bank of Canada.
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