Which trading platform should I transfer my TFSA to link to Mint?
Asked 4 years ago
Hi all. I currently have a self-directed TFSA with Questrade, but I want to use a platform that I can link to Mint to track my income and investments together. My current account is with TD bank. Would you recommend I transfer my TFSA over to TD Ameritrade, Wealthsimple, or Interactive brokers? Any suggestions are most welcome.
Andrew Moran
Tuesday, June 15, 2021
If you want the bare bones of buying and selling U.S. and Canadian stocks, WealthSimple is your best option among the myriad of trading platforms.
The problem with the other options in Canada is that they have significant commission fees, mainly because the trading volumes are not as immense as it is in the United States.
WealthSimple is free. You can spend $3 per month for a premium account to gain access to other features, like real-time quotes and instant withdrawals of $1,000 or more.
Also, it is no longer only accessible through your smartphone. You can trade securities on the WealthSimple website.
If you enjoy the simplicity and UX, WealthSimple also has banking options, such as savings accounts and automatic investing.
In the end, WealthSimple is perhaps the best trading platform in Canada today.
Andia Rispah Igobwa
Thursday, August 12, 2021
If you want to buy and sell U.S. stocks, WealthSimple is your best option among the myriad of trading platforms out there because it has a free account that offers instant withdraws up to $1,000 or more for just $3 per month if you have premium features enabled on their app.
You can also trade securities online through traditional desktop computers instead of exclusively with smartphones now!
If you're interested in using interactive brokers and trading stocks outside of Canada, then Interactive Brokers is for you. On the other hand, if you'd rather be able to track your investments with Mint or some other program, interactive brokers may not work so well for you.
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