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The comparison reads the same evidence fields used by broker profiles, so users can scan scores, regulation, costs, platforms, withdrawals, and caveats side by side.

Broker 1

Broker 2

VS field	TD Direct Investing td.com Multi Asset BrokerStock BrokerETF	DEGIRO degiro.com ETF BrokerMulti Asset BrokerETF
Decision summary
Overall score

Trust score	91	100

Cost score	78	92

Platform score	88	92

Withdrawal score	74	89

Best for	Canadian self-directed investors · TD Bank clients · investors who want registered accounts plus North American stocks/ETFs/options	European self-directed investors seeking low-cost access to stocks and ETFs · Investors who prefer web/mobile platforms and exchange-traded products

Watch out	Needs verification	Needs verification

Trust & regulation
Regulators	["Canadian Investment Regulatory Organization (CIRO)"] Source	Primarily supervised by BaFin and Bundesbank in Germany; Dutch branch registered with DNB and supervised by AFM and DNB. Source
License numbers	CIRO dealer member; specific license/registration number not found in reviewed public TD pages Source	Financial licence number not disclosed in reviewed official sources. Commercial registrations found: flatexDEGIRO Bank SE HRB 141330 on flatexDEGIRO Bank SE imprint; DEGIRO UK footer states HRB 105687; Dutch Branch KvK 82510245. Source
Regulated entities	["TD Waterhouse Canada Inc."] Source	DEGIRO is operated by flatexDEGIRO Bank Dutch Branch, a branch of flatexDEGIRO Bank SE; flatexDEGIRO Bank SE is a licensed German bank headquartered in Frankfurt am Main. Source
Negative balance protection	Not disclosed as a formal negative-balance-protection policy; margin/cash account debit balances and under-margined/debit balance handling fees are disclosed Source	No negative balance protection found. Official account-profile page warns losses can exceed deposit and result in a negative Balance for derivatives, margin and short-selling services; margin profiles are legacy-only. Source
Investor compensation	Canadian Investor Protection Fund (CIPF) coverage through TD Waterhouse Canada Inc. as a CIPF Investment Dealer member firm Source	Cash in flatexDEGIRO Bank SE Cash Account protected up to €100,000 per customer under German Deposit Guarantee Scheme; investor compensation covers up to 90% of non-returned assets, max €20,000 per customer; UK FSCS does not apply. Source
Restricted countries	["Canada-focused; account eligibility generally requires Canadian residency/SIN for many account types; temporary Canadian residents may apply for a non-registered cash account in branch"] Source	Available via listed country selector in Europe/UK; US persons are not accepted; UK onboarding for new clients was temporarily unavailable on the reviewed UK page. Source

Trust & regulation

Regulators

["Canadian Investment Regulatory Organization (CIRO)"]

Source

Primarily supervised by BaFin and Bundesbank in Germany; Dutch branch registered with DNB and supervised by AFM and DNB.

Source

License numbers

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

Source

Financial licence number not disclosed in reviewed official sources. Commercial registrations found: flatexDEGIRO Bank SE HRB 141330 on flatexDEGIRO Bank SE imprint; DEGIRO UK footer states HRB 105687; Dutch Branch KvK 82510245.

Source

Regulated entities

["TD Waterhouse Canada Inc."]

Source

DEGIRO is operated by flatexDEGIRO Bank Dutch Branch, a branch of flatexDEGIRO Bank SE; flatexDEGIRO Bank SE is a licensed German bank headquartered in Frankfurt am Main.

Source

Negative balance protection

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

Source

No negative balance protection found. Official account-profile page warns losses can exceed deposit and result in a negative Balance for derivatives, margin and short-selling services; margin profiles are legacy-only.

Source

Investor compensation

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

Source

Cash in flatexDEGIRO Bank SE Cash Account protected up to €100,000 per customer under German Deposit Guarantee Scheme; investor compensation covers up to 90% of non-returned assets, max €20,000 per customer; UK FSCS does not apply.

Source

Restricted countries

["Canada-focused; account eligibility generally requires Canadian residency/SIN for many account types; temporary Canadian residents may apply for a non-registered cash account in branch"]

Source

Available via listed country selector in Europe/UK; US persons are not accepted; UK onboarding for new clients was temporarily unavailable on the reviewed UK page.

Source

Costs & account conditions
Minimum deposit	0 Source	No fixed minimum deposit identified; DEGIRO homepage says users can add any amount of money to the account for free. Bank-account verification search result states minimum EUR 0.01 for linking a new bank account. Source
Spread from	Not applicable to disclosed stock/ETF/options commission model; bond/GIC fixed-income commissions are embedded in quoted prices Source	Not a quoted-spread CFD/FX broker field. DEGIRO discloses that bid-ask spreads are implicit market costs and not direct broker costs. Source
Commission	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 Source	Examples from UK fee page: US stocks €1 + €1 handling; LSE £1.75 + £1 handling; selected ETFs €0 + €1 handling; global ETFs €2 + €1 handling; options €0.75 commission. Currency, connectivity, external product and spread costs may apply. Source
Maximum leverage	Security- and margin-account dependent; public reviewed pages do not disclose a single maximum leverage ratio Source	DEGIRO currently does not allow new changes to margin-trading profiles; legacy Active/Trader/Day Trader accounts may have Debit Money / derivatives risk but maximum leverage was not disclosed in reviewed sources. Source
Deposit fee	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 Source	No deposit fee disclosed on UK fee page and homepage; deposits listed as FEE €0 / no deposit-withdrawal fees. Source
Withdrawal fee	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 Source	No withdrawal fee disclosed on UK fee page and homepage; withdrawals listed as FEE €0 / no deposit-withdrawal fees. Source
Inactivity fee	No inactivity fee found; TD discloses a $25 quarterly maintenance fee for households under $15,000 unless waiver criteria are met Source	No inactivity fee; UK fee page lists inactivity fee as €0. Source

Costs & account conditions

Minimum deposit

Source

No fixed minimum deposit identified; DEGIRO homepage says users can add any amount of money to the account for free. Bank-account verification search result states minimum EUR 0.01 for linking a new bank account.

Source

Spread from

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

Source

Not a quoted-spread CFD/FX broker field. DEGIRO discloses that bid-ask spreads are implicit market costs and not direct broker costs.

Source

Commission

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

Source

Examples from UK fee page: US stocks €1 + €1 handling; LSE £1.75 + £1 handling; selected ETFs €0 + €1 handling; global ETFs €2 + €1 handling; options €0.75 commission. Currency, connectivity, external product and spread costs may apply.

Source

Maximum leverage

Security- and margin-account dependent; public reviewed pages do not disclose a single maximum leverage ratio

Source

DEGIRO currently does not allow new changes to margin-trading profiles; legacy Active/Trader/Day Trader accounts may have Debit Money / derivatives risk but maximum leverage was not disclosed in reviewed sources.

Source

Deposit fee

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

Source

No deposit fee disclosed on UK fee page and homepage; deposits listed as FEE €0 / no deposit-withdrawal fees.

Source

Withdrawal fee

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

Source

No withdrawal fee disclosed on UK fee page and homepage; withdrawals listed as FEE €0 / no deposit-withdrawal fees.

Source

Inactivity fee

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

Source

No inactivity fee; UK fee page lists inactivity fee as €0.

Source

Markets, platforms & payments
Tradable assets	["Stocks", "ETFs", "Options", "Fixed income securities", "GICs", "Mutual funds", "New Issues", "Gold and silver certificates"] Source	Shares, ETFs, bonds and derivatives such as options and futures; DEGIRO product pages also describe investment funds availability. Source
Trading platforms	["WebBroker", "TD app", "Advanced Dashboard", "TD Active Trader", "Telephone Services"] Source	DEGIRO provides a web/desktop trading platform (Webtrader) and mobile apps for iOS and Android. Source
Account types	["Self-Directed Cash Trading Account", "Self-Directed Margin Account", "Self-Directed Active Trader Margin Account", "TFSA", "FHSA", "RRSP", "RRIF", "RESP", "RDSP"] Source	DEGIRO account/profile types include Basic, Active, Trader, Day Trader and Custody. Active, Trader and Day Trader are legacy-only and new margin profiles are no longer available. Source
Deposit methods	["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"] Source	Manual bank transfer from a verified linked/reference bank account; deposits must use the account base currency. Source
Withdrawal methods	["Electronic Fund Transfer (EFT)", "TD Canada Trust branch or TD Direct Investing location cheque pick-up", "systematic mutual fund withdrawals", "investment income sweeps"] Source	Withdrawals go back to the primary registered/linked bank account; only uninvested cash in the Cash Account can be withdrawn. Source
Withdrawal processing time	Not disclosed; TD reserves the right to require a seven-day notice period for intended withdrawals Source	Withdrawals may take up to 2-4 working days; transfers can take up to 2-3 working days to complete. Source

Markets, platforms & payments

Tradable assets

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

Source

Shares, ETFs, bonds and derivatives such as options and futures; DEGIRO product pages also describe investment funds availability.

Source

Trading platforms

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

Source

DEGIRO provides a web/desktop trading platform (Webtrader) and mobile apps for iOS and Android.

Source

Account types

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

Source

DEGIRO account/profile types include Basic, Active, Trader, Day Trader and Custody. Active, Trader and Day Trader are legacy-only and new margin profiles are no longer available.

Source

Deposit methods

["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"]

Source

Manual bank transfer from a verified linked/reference bank account; deposits must use the account base currency.

Source

Withdrawal methods

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

Source

Withdrawals go back to the primary registered/linked bank account; only uninvested cash in the Cash Account can be withdrawn.

Source

Withdrawal processing time

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

Source

Withdrawals may take up to 2-4 working days; transfers can take up to 2-3 working days to complete.

Source

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