TD Waterhouse Online Investing Canada Review

TD Waterhouse was one of the first established online discount brokerages launched in Canada by TD Canada Trust bank. They remain one of, if not the most popular discount brokerage in Canada, although the "discount" part we believe is debatable. TD Waterhouse Brokerage provides Canadians with great online investing tools and helpful customer service, but trade commissions are higher for the average trader.

TD Waterhouse Canada Trading Commission Structure ($7.00 - $43.00)

TD Waterhouse Canada like many online discount brokerages in Canada offers a graduated online trading commission structure based mainly on quarterly trading volume and dollar value of assets held in your account. For your average customer, Canadian equity commission rates are a huge $43.00 a trade. Many Canadians fall into this category so for the average Canadian investor we strongly recommend a brokerage such as Questrade that offers all customers a low commission with great service. Commissions at TD Waterhouse decrease to $9.99 flat per trade if you hold $50,000 in assets. Your commissions will also be $9.99 if you place between 30-149 trades a quarter. TD Waterhouse clients who place 150 or more trades a quarter are able to receive the lowest commission fee of $7.00 a trade.

TD Waterhouse Online Investing Accounts and Options

TD Waterhouse Canada does offer Canadians a full service online brokerage experience. They better with the commissions they ask for trades TD offers customers plenty of great online trading tools, many included, some can be upgraded with a price. At TD Waterhouse customers can set up any account they wish, RRSPs, TFSA's, Non-Registered Accounts, RESPs and so much more. You will also be able to buy and sell Canadian and US equities, bonds, options, precious metals, currencies and more.

TD Waterhouse Canada Customer Service and Contact Information

TD Canada Trust offers some great customer service over the phone and online for any question you may need help answering. Clients can place trades over the phone with a trader, online or over the phone using the keypad. You can also easily obtain quotes and news over the phone should you not have access to a computer.

TD Waterhouse Phone Numbers:

Technical Support / Help Desk: 1-800-667-6299
Trading Desk: 1-800-465-5463
Cantonese / Mandarin: 1-800-838-3223
Financial Planning: 1-866-646-7888
Talk Broker Access: 1-800-240-5869

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