National Bank Direct Brokerage, NBDB for short, is the online brokerage arm of the National Bank of Canada, a leading financial institution in Canada.

The company offers specific services and solutions for new and experienced investors. It offers tailor-made services for an active investor, a young investor and an existing client of the National Bank. NBDB is known for providing reliable online trading products and services to self-directed investors.

You can trade ETFs, stocks, bonds, and more. You can easily open an account with all your personal information and your social security number (SIN). You will also need photo ID and your bank details to fill out the form.

Read on as NBDB has by far the best customer pricing plan that will reward you as a customer.

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Summary of direct brokerage by the National Bank

Here’s a round-up to get you started. However, there is a lot more information below if you want to get into the details.

Choosing a discount broker is a personal decision and the discount broker should suit your needs.

FAQ on direct placement by the National Bank

Can I have Qtrade waived the fees?

There is no evidence that any of the transaction fees can be waived. You can cut your trading fee to $ 0.95 if you are an active trader.

However, you can avoid the maintenance fee by paying at least $ 20,000, otherwise you will have a fee of $ 100 per year

Another innovative approach from NBDB is to offer young investors a better price of $ 4.95 per trade with no minimum account.

How do I deposit funds with my National Bank Direct Brokerage?

You can easily transfer money from your bank account to an NBDB account using the transfer symbol on the online trading platform. You can also link a bank account that is held with another financial institution.

NBDB can refund your transfer fees up to $ 135 and tax when you transfer $ 10,000 or more to an InvestCube account or $ 20,000 or more to another type of account.

How can I contact National Bank Direct Brokerage Customer Service?

You can contact NBDB customer service Monday through Friday from 8:00 a.m. to 8:00 p.m.

Trading costs

You can trade stocks for $ 6.95 per trade and options for an additional $ 1.25 per contract. For special customers like:

  • Young investors (For under 30s) – $ 4.95 per trade and options at an additional cost of $ 1.25 per contract. It also allows 10 free trades per year.
  • Active investors (100 or more trades per quarter) – $ 0.95 per trade and options at an additional cost of $ 1.25 per contract. It allows 10 free trades per year. It also enables access to the Market-Q trading platform.
  • National Bank customers – $ 6.95 per trade and options at an additional price of $ 1.25 per contract.

It also has an annual administration fee of $ 100. However, there is no annual management fee for active and young investors. NBDB offers all ETFs (both Canadian and American) for a commission of $ 0.

Accounts

NBDB offers registered accounts like TFSA, RRSP / RRIF, Spousal RRSP / RRIF, RESP, unregistered accounts like cash, margin and short sales, and special accounts. One can open one:

  • Company account
  • Sole proprietorship account
  • Partnership account
  • Association account
  • Trust account

NBDB also allows you to have an account for specific circumstances and conditions.

  • Estate account
  • In the trust account
  • Investment Club Account
  • Individual pension plan (IPP)
  • LIRA
  • LRSP
  • LIF

You can open multiple accounts at the same time.

user friendliness

NBDB offers a simple and intuitive platform with efficient decision-making tools and a view of all of your accounts at the same time.

It also shows details like portfolio values, trades and transfers, unrealized gains or losses and warnings.

You can also review a range of graphs, financial data, analysis and filter your favorite stocks.

Transactions

NBDB offers a user-friendly platform. You can trade through NBDB’s trading platform, mobile website and telephone support.

Customers can place market, limit or stop loss orders with a minimum transaction fee of USD 6.95.

The $ 6.95 transaction fee is the same as that of CIBC Investor’s Edge and is slightly higher than Questrade’s, but outperforms the other major bank discount brokers.

Performance monitoring

A user can keep track of their securities by creating personal watch lists with real-time quotes. Users can view a detailed breakdown of the performance of each of their accounts in several ways: by account, consolidated, for a specific period, or for cumulative periods.

You can also help build your portfolio Strategy Builder and find stocks that meet specific needs. There is a comparison tool that can be used to compare up to four stocks, ETFs, or mutual funds at the same time in order to make investment decisions.

Mobile functions

NBDB does not currently have a mobile app.

Investment Research

NBDB gives you access to analysis from National Bank Financial and Morningstar.

It also offers sophisticated tools such as Recognia, InvestCube and Market-Q to evaluate your investment decisions. One can also explore the OptionsPlay analytics platform for options trading ideas, but it’s just as risky as investing in penny stocks from the TSX.

Customer service

You can contact NBDB customer service either by phone or email. You can also sign up for the newsletter to get the latest business news and stay up to date on products, services and promotions. There is a FAQ section for general user inquiries.

Discount brokers available

While the easiest way to select a discount broker is to use the one associated with your bank, there are options with different features and costs that best suit your needs. Review all of your options.

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