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.
Disnat
Disnat Classic
A self-directed platform with $0 online Canadian and U.S. stock and ETF commissions, plus conditional inactivity and registered-account fees.
Cash admin feeConditional
Canadian stocks$0 buy / $0 sell
U.S. stocks$0 buy / $0 sell
Standard tierDisnat Classic
Brokerage context
Overview
Eligibility facts
Standard account and commission facts
These facts describe the standard tier without relying on temporary promotions. Pass-through, foreign-exchange, service, and paid-tier costs appear below.
Individual accounts
- CASH
- Available · Conditional recurring 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 recurring 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 recurring 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 recurring 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.
Standard 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.
Full inventory
Fees, access, platforms, and capabilities
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