Side-by-Side Comparison Independent Updated Jun 15, 2026
TD Direct Investing vs National Bank Direct Brokerage 2026: Which Broker is Better?
Compare TD Direct Investing and National Bank Direct Brokerage side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
TD Direct Investing
National Bank Direct Brokerage
VS
| TD Direct Investing | National Bank Direct Brokerage | |
|---|---|---|
| BrokerRank Score | 2.7/5 | 3.1/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:5 | 1:5 |
| Regulation | IIROC, CIPF | IIROC, CIPF |
| Platforms | Proprietary Web, Proprietary Mobile, WebBroker | Proprietary Web, Proprietary Mobile |
Quick VerdictBrokerRank recommends
Best for Beginners
TD Direct InvestingNational Bank Direct Brokerage
Best for Low Fees
TD Direct InvestingNational Bank Direct Brokerage
Best for Regulation
TD Direct InvestingNational Bank Direct Brokerage
Best Overall
National Bank Direct BrokerageTD Direct Investing
Quick Answer
National Bank Direct Brokerage is the better choice overall, scoring 3.1/5 vs 2.7/5 on BrokerRank's independent rating. On fees, TD Direct Investing offers lower spreads (0 pips).
See full side-by-side comparison belowTD Direct Investing vs National Bank Direct Brokerage: Key Differences
Feature
TD Direct Investing
National Bank Direct Brokerage
WinnerOur Rating
2.7 / 5
3.1 / 5
Min. Deposit
$0
$0
Spread From
0 pips
0 pips
Commission
$9.99/lot
None
Regulated By
IIROCCIPF
IIROCCIPF
Platforms
Proprietary Web, Proprietary Mobile, WebBroker, TD Advanced Dashboard
Proprietary Web, Proprietary Mobile
Markets
Stocks, Etf, Indices, Forex
Stocks, Etf, Indices
Founded
1984
1999
Headquarters
Toronto, Canada
Montreal, Canada
Score
0 / 2
2 / 2
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Find my matchFees Comparison
Fee
TD Direct Investing
National Bank Direct Brokerage
Lower feesSpread From
0 pips
0 pips
Commission
$9.99/lot
None
Deposit Fee
None
None
Withdrawal Fee
None
None
BrokerRank Verdict
TD Direct Investing scores 2.67/5 while National Bank Direct Brokerage scores 3.08/5 in our independent rating.
National Bank Direct Brokerage edges ahead overall, but TD Direct Investing may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.
Who Should Choose Which?
TD Direct Investing
2.7/5
Choose TD Direct Investing if you want…
- More market types (4)
- More established (est. 1984)
- More platforms (4 supported)
National Bank Direct Brokerage
3.1/5
Choose National Bank Direct Brokerage if you want…
- Higher overall rating (3.1/5)
- No per-trade commission
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both TD Direct Investing & National Bank Direct Brokerage are available in
Frequently Asked Questions
1Is TD Direct Investing better than National Bank Direct Brokerage?
National Bank Direct Brokerage scores higher overall on our independent rating system. TD Direct Investing holds a 2.7/5 rating vs National Bank Direct Brokerage's 3.1/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, TD Direct Investing or National Bank Direct Brokerage?
TD Direct Investing offers spreads from 0 pips, while National Bank Direct Brokerage starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for TD Direct Investing vs National Bank Direct Brokerage?
TD Direct Investing requires a minimum deposit of $0. National Bank Direct Brokerage requires $0.
4Which broker is safer, TD Direct Investing or National Bank Direct Brokerage?
TD Direct Investing is regulated by IIROC, CIPF, while National Bank Direct Brokerage holds licences from IIROC, CIPF.
5What trading platforms do TD Direct Investing and National Bank Direct Brokerage support?
TD Direct Investing supports Proprietary Web, Proprietary Mobile, WebBroker, TD Advanced Dashboard. National Bank Direct Brokerage supports Proprietary Web, Proprietary Mobile.
6Can I use both TD Direct Investing and National Bank Direct Brokerage?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
Higher Rated
National Bank Direct Brokerage
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