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Canadian self-directed investors · TD Bank clients · investors who want registered accounts plus North American stocks/ETFs/options

Best suited for U.S.-centric investors and active traders who want a large, bank-affiliated multi-asset brokerage with $0 online listed stock/ETF commissions, strong platform dept…

["Canadian Investment Regulatory Organization (CIRO)"]

SEC; FINRA; SIPC; CFTC; NFA; FDIC

CIRO dealer member; specific license/registration number not found in reviewed public TD pages

Charles Schwab & Co., Inc. CRD 5393; SEC 801-29938 and 8-16514

["TD Waterhouse Canada Inc."]

Charles Schwab & Co., Inc.; Charles Schwab Futures and Forex LLC; Charles Schwab Bank, SSB; Charles Schwab Premier Bank, SSB

Not disclosed as a formal negative-balance-protection policy; margin/cash account debit balances and under-margined/debit balance handling fees are disclosed

Not disclosed as retail brokerage negative balance protection; futures/forex are leveraged and losses may exceed initial investment.

Canadian Investor Protection Fund (CIPF) coverage through TD Waterhouse Canada Inc. as a CIPF Investment Dealer member firm

SIPC protection up to $500,000 including a $250,000 cash limit for brokerage account assets; futures accounts are not protected by SIPC.

0

$0 minimum for standard U.S. brokerage and IRA accounts; Schwab One International accounts require a minimum deposit but amount is not disclosed in checked official pages.

Not applicable to disclosed stock/ETF/options commission model; bond/GIC fixed-income commissions are embedded in quoted prices

Not applicable to this stock/ETF investment broker profile; no CFD/FX spread schedule identified as a core product in reviewed sources.

Online/app: select ETFs $0; Canadian and U.S. stocks $9.99 per trade standard or $7.00 active trader; partial shares $1.99; options $9.99 + $1.25/contract standard or $7.00 + $1.25/contract active trader

stock_commission: $0 online commission for listed stocks and ETFs; OTC equities $6.95; broker-assisted service charge $25; etf_commission: $0 online commission for listed U.S.-exchange ETFs; options_commission: $0 online base commission plus $0.65 per options contract; futures_commission: $2.25 per contract, per side, for futures and futures options; exchange, regulatory, overnight, NFA, and market-data fees may apply; mutual_fund_commission: $0 on thousands of Schwab Mutual Fund OneSource funds; all other mutual funds up to $74.95 per purchase; bond_commission: New-issue bonds/CDs: $0 online/selling concession included; Treasuries online $0; most other secondary bonds $1 per bond with $10 minimum and $250 maximum; forex_commission: $0 commission; forex trade costs are reflected in the bid/ask spread

No charge for deposits/contributions through EasyLine, EasyWeb, TD Canada Trust branch or TD Direct Investing location; third-party/ABM/banking fees may apply for MoneyLink/other services

$0 for funds entering a standard brokerage account; banking deposit services generally no monthly/account minimum fees, but certain services can have fees

EFT fee not disclosed in reviewed sources; cheque pick-up $6.50; registered full withdrawal $100 excluding RDSP/RESP/TFSA/RRIF; partial RRSP/Basic RRSP/LIRA/LRSP withdrawal $25; account transfer out $150

No fee for routine withdrawals from standard brokerage per FAQ; full outbound ACAT $50 and outgoing wire $25; Schwab Bank Investor Checking has unlimited ATM fee rebates for cash withdrawals worldwide, subject to conditions.

No inactivity fee found; TD discloses a $25 quarterly maintenance fee for households under $15,000 unless waiver criteria are met

$0 annual maintenance/inactivity fee for standard brokerage accounts

["Stocks", "ETFs", "Options", "Fixed income securities", "GICs", "Mutual funds", "New Issues", "Gold and silver certificates"]

Stocks; fractional shares; ETFs; mutual funds; bonds/CDs/fixed income; money market funds; options; futures; futures options; forex; international stocks/ADRs/foreign ordinaries; cash products; annuities; alternatives; crypto ETPs/securities/futures.

["WebBroker", "TD app", "Advanced Dashboard", "TD Active Trader", "Telephone Services"]

Schwab.com; Schwab Mobile; thinkorswim desktop; thinkorswim web; thinkorswim mobile; paperMoney

["Self-Directed Cash Trading Account", "Self-Directed Margin Account", "Self-Directed Active Trader Margin Account", "TFSA", "FHSA", "RRSP", "RRIF", "RESP", "RDSP"]

Individual Brokerage; Joint Brokerage; Schwab One Brokerage; Investor Checking-linked brokerage; Futures Account; Global Account; IRAs; custodial, education, trust, estate, organization, and business retirement accounts; Schwab Intelligent Portfolios.

["TD Canada Trust EasyWeb/TD app transfers", "WebBroker transfer", "Interac e-Transfer from another bank", "online bill payment", "TD Canada Trust branch", "TD Bank U.S. branch", "EasyLine telephone banking", "transfer in cash or in kind from another brokerage"]

ACH/electronic transfer/MoneyLink; wire transfer; check/mail check; Schwab Mobile Deposit for checking; direct deposit for checking; account transfer/ACAT; branch/in-person deposit where available.

["Electronic Fund Transfer (EFT)", "TD Canada Trust branch or TD Direct Investing location cheque pick-up", "systematic mutual fund withdrawals", "investment income sweeps"]

Transfer to linked bank/checking; wire transfer; check; ATM/debit card for Schwab Bank Investor Checking; ACAT outbound account transfer.

Not disclosed; TD reserves the right to require a seven-day notice period for intended withdrawals

Cash moved from brokerage to linked Investor Checking is generally available in seconds, but weekend/after-hours transfers may not be available until the next business day; other withdrawal methods vary/not fully disclosed on checked pages.