On October 15, National Bank Direct Brokerage (NBDB) will launch one
of the most competitive online brokerage fee structures on the
Canadian market.
This is the new fee structure for the different client
profiles:
-
Young investors (18–30): $4.95 per trade and 10 free trades
per year
-
Active investors (100 or more trades per quarter): just $0.95
per trade
- National Bank clients (with a bank account connected to the NBDB platform): $6.95 per trade
The launch of the fee structure coincides with the release of
the newly redesigned NBDB platform, providing an easier, faster, and
more convenient user experience.
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"This fee structure is much more than a gateway to our new platform and the many advantages it offers. It helps us stand out in the do-it-yourself investment market," says Claude-Frédéric Robert, President of National Bank Direct Brokerage. "In addition to being a much more interesting offer for the various types of investors, we are reaching out to 18–30 year olds who want to start investing on their own, and we're providing them with useful tools to do it. We want to show them that managing their own portfolio is easier and more affordable than they thought!"