Best Options Trading Platforms in Canada (2026)
By ForexCanada Editorial Team · Updated
Options fees in Canada vary more than stock commissions do — from under $1 per contract to $9.99 plus $1.25 per contract at some bank brokerages. Active options traders should look closely at per-contract costs, the quality of the options chain and analysis tools, and whether the broker allows the strategy level you need.
How we picked
- CIRO dealer member offering listed options
- Per-contract cost, platform and education
Full details in our methodology. We may earn a commission from some brokers; it never affects the order. Disclosure.
The ranking (14)
- #1
Interactive Brokers Canada
CIRO-registeredBest for: Experienced, cost-sensitive traders who want forex, futures, options and global stocks in one account
Interactive Brokers Canada, based in Montréal, gives Canadians access to IBKR's global market network: spot currencies, futures, options, stocks and bonds across dozens of exchanges, all in a CIRO-regulated, CIPF-eligible account. For currency traders it is the lowest-cost route in Canada — IBKR quotes very tight FX prices and charges a small commission instead of marking up the spread, and it is also one of the cheapest places for Canadians to convert CAD to USD. The trade-off is complexity. Trader Workstation is a professional tool, and leveraged FX requires meeting IBKR's experience requirements. There is no MetaTrader support.
- Platforms
- TradingView
- FX pairs
- 100+
- Min. deposit
- $0
- CIPF
- Yes
9.5/ 10 - #2
Questrade
CIRO-registeredBest for: Canadians who want TFSA/RRSP investing and forex/CFD trading with one Canadian firm
Questrade is Canada's best-known independent discount brokerage and, since dropping stock and ETF commissions, one of the cheapest places to invest in a TFSA, RRSP or FHSA. It is also one of the few Canadian firms that offers both long-term investing and leveraged trading: forex and CFDs run on the separate Questrade Global platform. Having everything under a Canadian-owned CIRO member is convenient — funding is straightforward from any Canadian bank, and support works on Canadian hours. FX/CFD spreads are not the tightest in the market, and Questrade Global doesn't support MetaTrader or TradingView trading.
- Platforms
- Proprietary
- FX pairs
- 100+
- Min. deposit
- $0
- CIPF
- Yes
9.4/ 10 - #3
Qtrade Direct Investing
CIRO-registeredBest for: Investors who want research tools and service without paying commissions
Qtrade is a Vancouver-based brokerage owned by Aviso Financial, which is in turn owned by Canadian credit unions and Desjardins. It has consistently scored at or near the top of Canadian broker rankings for service and research, and its move to $0 stock and ETF commissions made it one of the best-value full-featured brokerages in the country. You get a proper research centre, portfolio analytics, a full set of registered accounts and USD accounts. It does not offer forex or CFD trading.
- Platforms
- Proprietary
- Markets
- Stocks
- Min. deposit
- $0
- CIPF
- Yes
9.2/ 10 - #4
Wealthsimple
CIRO-registeredBest for: New investors who want a simple app for TFSA/FHSA investing, plus regulated crypto
Wealthsimple turned commission-free investing into the default for a generation of Canadian investors, and its app remains the simplest way to open a TFSA, RRSP or FHSA and start buying ETFs. It combines self-directed trading, managed portfolios, cash accounts and a CSA-registered crypto platform under one login. The trade-offs are depth and currency costs: there is no desktop trading platform with advanced charting, options and research tools are basic, and buying U.S. stocks in a CAD account triggers a currency conversion fee unless you are on a tier that includes USD accounts.
- Platforms
- Proprietary
- Markets
- Stocks, Crypto
- Min. deposit
- $0
- CIPF
- Yes
9.0/ 10 - #5
Desjardins Online Brokerage (Disnat)
CIRO-registeredBest for: Desjardins members and French-speaking investors
Desjardins Online Brokerage, long known as Disnat, is the self-directed platform of Canada's largest cooperative financial group. It offers $0 commissions on stock and ETF trades, full registered accounts and a desktop platform for more active users. It is especially popular in Québec and with Desjardins members who value the cooperative model.
- Platforms
- Proprietary
- Markets
- Stocks
- Min. deposit
- See site
- CIPF
- Yes
8.9/ 10 - #6
National Bank Direct Brokerage
CIRO-registeredBest for: Québec investors and anyone wanting $0 commissions from a bank
National Bank Direct Brokerage was the first big-bank brokerage in Canada to drop commissions on online stock and ETF trades. It is fully bilingual, with particular strength in Québec, and offers the standard set of registered accounts. The platform is functional rather than exciting, but for cost-conscious investors who want a bank-owned dealer, it is hard to beat on price.
- Platforms
- Proprietary
- Markets
- Stocks
- Min. deposit
- See site
- CIPF
- Yes
8.7/ 10 - #7
Webull Canada
CIRO-registeredBest for: Cost-conscious active traders who want a charting-heavy app
Webull launched a Canadian entity after years of Canadians asking for it; earlier versions of this site had to tell readers it wasn't available here. Webull Canada now offers $0 commission stock and ETF trading, options, TFSA and RRSP accounts, and a capable charting app. Research and education are thinner than at established brokerages.
- Platforms
- Proprietary
- Markets
- Stocks, Crypto
- Min. deposit
- See site
- CIPF
- Yes
8.7/ 10 - #8
Moomoo Canada
CIRO-registeredBest for: App-first traders who want advanced charts and market data
Moomoo Canada is the Canadian arm of NASDAQ-listed Futu Holdings. Its app is aimed at active retail traders, with detailed charts, Level 2 data, options chains and a busy social feed. It offers TFSA and RRSP accounts and USD accounts. Pricing is low but check the current schedule and the fine print on promotions.
- Platforms
- Proprietary
- Markets
- Stocks
- Min. deposit
- See site
- CIPF
- Yes
8.5/ 10 - #9
CI Direct Trading
CIRO-registeredBest for: Traders of low-share-count positions who like per-share pricing
CI Direct Trading is the former Virtual Brokers, now part of CI Financial. It uses per-share pricing — about a cent a share within a minimum and maximum — which can be cheap for small share counts. It trails the leaders on platform quality and service in recent rankings.
- Platforms
- Proprietary
- Markets
- Stocks
- Min. deposit
- See site
- CIPF
- Yes
8.1/ 10 - #10
CIBC Investor's Edge
CIRO-registeredBest for: CIBC clients and students who want the cheapest big-bank commissions
CIBC Investor's Edge has the lowest standard commission of the big-bank brokerages at $6.95 per trade, with further discounts for students and younger investors. It covers the essentials — registered accounts, USD accounts, options and fixed income — and connects directly to CIBC banking. Research and platform tools are more basic than TD's or Scotia's.
- Platforms
- Proprietary
- Markets
- Stocks
- Min. deposit
- See site
- CIPF
- Yes
8.1/ 10 - #11
TD Direct Investing
CIRO-registeredBest for: TD customers who want top-tier research and the Advanced Dashboard platform
TD Direct Investing is Canada's largest bank-owned discount brokerage and ranked first overall in MoneySense's 2026 review, thanks to its research, education and the Advanced Dashboard trading platform. Integration with TD banking makes funding instant for existing customers. The weakness is price: standard commissions of $9.99 per trade are high compared with $0-commission rivals, although the separate TD Easy Trade app offers a set number of commission-free trades each year for simpler investors.
- Platforms
- Proprietary
- Markets
- Stocks
- Min. deposit
- See site
- CIPF
- Yes
8.6/ 10 - #12
RBC Direct Investing
CIRO-registeredBest for: RBC banking clients who want everything in one place
RBC Direct Investing is the self-directed arm of Canada's largest bank. It offers the full range of registered accounts, bonds, GICs and mutual funds, and the convenience of moving money instantly from an RBC chequing account. After RBC's 2024 acquisition of HSBC Bank Canada, former HSBC InvestDirect clients were moved here. Standard commissions are high relative to newer competitors, and the platform feels conservative, but for investors who value one-bank simplicity it does the job.
- Platforms
- Proprietary
- Markets
- Stocks
- Min. deposit
- See site
- CIPF
- Yes
8.3/ 10 - #13
Scotia iTRADE
CIRO-registeredBest for: Active bank-brokerage clients who want a capable desktop platform
Scotia iTRADE placed near the top of MoneySense's 2026 rankings, helped by a strong desktop trading experience and good account tools. Commissions are $9.99 per online trade, falling for very active traders, and Scotiabank clients get easy funding. It's a capable choice for active investors who prefer the security blanket of a big bank.
- Platforms
- Proprietary
- Markets
- Stocks
- Min. deposit
- See site
- CIPF
- Yes
8.2/ 10 - #14
BMO InvestorLine
CIRO-registeredBest for: Investors who hold BMO ETFs and want good options education
BMO InvestorLine pairs a traditional bank brokerage with some useful extras: an Options Hub for learning and analysing options strategies, and commission-free purchases of BMO's own ETF lineup, which is one of the largest in Canada. Standard trades cost $9.95. For buy-and-hold investors who build portfolios from BMO ETFs, the effective cost can be low.
- Platforms
- Proprietary
- Markets
- Stocks
- Min. deposit
- See site
- CIPF
- Yes
8.0/ 10
Frequently asked questions
Can I trade options in a TFSA?
Some option strategies (like covered calls and buying calls or puts) are generally permitted in registered accounts; uncovered writing is not. Rules vary by broker.
Read next
Options Trading in Canada: Getting Started, Costs and Account Rules
How listed options work for Canadians — calls, puts, the Montréal Exchange and U.S. options, trading levels, per-contract fees at Canadian brokers, what's allowed in a TFSA/RRSP, and tax basics.
Trading in a TFSA or RRSP: What's Allowed, What Isn't, and the Day-Trading Trap
What you can hold and trade in a TFSA, RRSP or FHSA; why forex, CFDs and crypto are excluded; options rules; USD registered accounts; and how frequent trading can make TFSA gains taxable.