Disnat Classic charges no commission for online Canadian and U.S. stock and ETF trades. It is not unconditionally fee-free at the account level: a $30 quarterly inactivity fee can apply, TFSA and FHSA accounts remain subject to that fee, and an RRSP can carry a $100 annual administration fee below the stated balance threshold. U.S. sell orders also pass through the SEC fee.
Online brokerage
Disnat
A self-directed platform with $0 online Canadian and U.S. stock and ETF commissions, plus conditional inactivity and registered-account fees.
Canadian stocks$0 buy / $0 sell
U.S. stocks$0 buy / $0 sell
Overview
Regular pricing and account fees
These are the regular online rates, excluding temporary promotions. Other account fees, currency conversion costs, service charges, trading fees and paid plans are covered below.
Account availability and recurring fees
- Non-registered cash
- Available · Conditional account feeIndividual cash accounts are available and can incur the conditional inactivity fee. A $30 quarterly inactivity fee applies unless a trade, balance, registered-account or age waiver is met.
- TFSA
- Available · Conditional account feeIndividual TFSAs are available with no administration fee but a conditional inactivity fee. There is no TFSA administration fee, but the TFSA remains subject to the $30 quarterly inactivity fee unless another waiver applies.
- RRSP
- Available · Conditional account feeIndividual RRSPs are available with a balance-dependent annual administration fee. The annual RRSP fee is $100 below $15,000 and free at $15,000 or more; holding an RRSP waives the inactivity fee.
- FHSA
- Available · Conditional account feeIndividual FHSAs are available with no administration fee but a conditional inactivity fee. There is no FHSA administration fee, but the FHSA remains subject to the $30 quarterly inactivity fee unless another waiver applies.
Regular online commissions
- Canadian Stock
- Buy $0 · sell $0Disnat Classic charges $0 commission for online Canadian equity trades. Buy: Online Canadian stock buys have $0 commission. Sell: Online Canadian stock sells have $0 commission.
- Canadian Etf
- Buy $0 · sell $0Disnat Classic charges $0 commission for online Canadian ETF trades. Buy: Online Canadian ETF buys have $0 commission. Sell: Online Canadian ETF sells have $0 commission.
- Us Stock
- Buy $0 · sell $0Disnat Classic charges $0 commission for online U.S. equity trades, with a regulatory sell-side fee. Buy: Online U.S. stock buys have $0 commission. Sell: Online U.S. stock sells have $0 commission; the SEC fee is passed through on executed U.S. sell orders.
- Us Etf
- Buy $0 · sell $0Disnat Classic charges $0 commission for online U.S. ETF trades, with a regulatory sell-side fee. Buy: Online U.S. ETF buys have $0 commission. Sell: Online U.S. ETF sells have $0 commission; the SEC fee is passed through on executed U.S. sell orders.
Other fees and features
Accounts and tiers
- Account range
- Cash, margin, margin-option, short-selling, RRSP, TFSA, FHSA, LIRA, RRIF, LIF, RESP and organizational accounts
- Disnat Direct tier
- Active-trader platform with streaming Level 1 or Level 2 market data and conditional monthly platform fees
Minimums and recurring fees
- Inactivity fee
- $30 per quarter unless 6 trades in 12 months, a $15,000 portfolio, an eligible registered account, or age 18 to 30 waives it
- RRSP annual fee
- $100 below $15,000; $0 at $15,000 or more
- TFSA and FHSA administration fees
- $0, but inactivity fees can apply
Service and transfer fees
- Incoming transfer fee reimbursement
- UnknownA standing public reimbursement policy was not established from the reviewed official sources.
- Institutional transfer out
- $150 total or $25 per security for a partial transfer, plus tax
- Registered withdrawals
- $25 partial and $150 total, excluding TFSA, RESP and FHSA
- Bank transfer
- $25 through a bank or $15 through a caisse
- Research and document copies
- $50 plus $5 per item
Investments and trading costs
- Online equities and ETFs
- $0 commission; SEC fee applies to executed U.S. sells
- Online options
- $1.25 per contract, $8.75 minimum
- Mutual funds
- Most have $0 commission; specified early redemptions and exceptions cost $32 online
- Fixed income
- $50 minimum per trade, with broker spread included in price or yield
Foreign exchange and currency
- USD account support
- Most brokerage account types are offered in Canadian and U.S. dollars
- Currency conversion income margin
- 0.15% to 1.90% depending on conversion value
Markets
- Online equity markets
- Canadian and U.S. exchange-listed securities; Pink Sheets and OTCBB are excluded
- Representative international trades
- $150 plus telephone-trade charges and possible market fees and taxes
Trading features
- Extended hours
- Available
- Short selling
- Available in margin-short accounts; Canadian orders require board lots and stocks below $3 cannot be sold short
Platforms and data
- Disnat Classic access
- Responsive web platform, mobile app and telephone service
- Included quotes
- Real-time Level 1 quotes refreshed manually
- Paid streaming data
- Classic streaming $30 monthly unless 10 trades; Direct Market-Q $35 or Level 2 $105 unless trade and balance conditions are met
Orders and research
- Orders
- Limit orders valid up to 60 days and extended-hours orders
- Research
- Desjardins Securities Research, Trading Central, Morningstar, watchlists, alerts, charts and market news
Margin
- Margin accounts
- Margin, margin-option and short-selling accounts are available
- CAD margin debit rate
- Prime plus 1.25% below $100,000; prime plus 0.5% from $100,000; prime from $500,000
- Stock loan value
- Generally 70% at $5 or more, 50% at $3 or more, and 0% below $3, subject to stated exceptions
Custody and protection
- Dealer and protection
- Desjardins Securities Inc. operates Disnat and is a CIRO member and CIPF member