The best advice for young investors who want to own stocks and exchange-traded funds is to open an account with a trading app that offers trading at no cost.
Two names to note: Wealthsimple and TD Easy Trade, which offers 50 free trades per year and unlimited free trading of TD-brand ETFs. For those who prefer to deal with a more conventional digital broker, here are five deals to note:Free online stock trades for clients under 25 who have a Smart Start bank account.
The benefits of using a conventional digital broker versus an app include a better class of tools for managing your portfolio and choosing investments. If you invest through your bank’s own digital brokerage division, transfers of money to and from your account are quick and easy.