InvestingTD Direct Investing › Commissions and Fees

Commissions and Fees

Invest with Canada's leading Direct Investing service!

Exceptional rates
with no compromises

Invest with Canada’s leading Direct Investing
service!

Open an account

Enjoy straightforward pricing with
TD Direct Investing

Our Flat Fee Online Commission Rates1:

Canadian & U.S. Equity Trades Canadian & U.S. Options
$9.99 Flat Our standard rate for all clients.
No qualification required.
+ 1.25/contract
$7.00 Flat When you complete 150+ trades per quarter2.

Telephone Brokerage Services
Commission Schedule

Get competitive rates and convenient transactions when you place orders with an Investment Representative. Review our Commission Schedule below.

ExpandCanadian Equities1

Stock Price Commission
$0 - $0.24 2.5%
$0.25 - $1
$35 + $0.005/sh
$1.01 - $2
$35 + $0.02/sh
$2.01 - $5 $35 + $0.03/sh
$5.01 - $10 $35 + $0.04/ sh
$10.01 - $20 $35 + $0.05/sh
$20.01 and over $35 + $0.06/sh

Transactions with principal values less than $2,000 will be charged a flat fee of CDN $43.

A minimum commission of CDN $43 is charged for each trade. Full commission and fee charges apply for each partial fill except when transacted within the same business day.

All trade orders are charged an applicable commission rate on a per order basis. For instance, if multiple trade orders are placed on the same day, for the same security, and on the same side of the market, each individual order will be subject to the applicable commission rate.

Transactions with principal values over $250,000 are fully negotiable for Canadian trades.


ExpandU.S. Equities1

Stock Price ($ U.S.) Commission ($ U.S.)
$0 - $0.24 3%
$0.25 - $1
$39 + $0.02/sh
$1.01 - $2
$39 + $0.03/sh
$2.01 - $5 $39 + $0.04/sh
$5.01 - $10 $39 + $0.05/sh
$10.01 - $20 $39 + $0.06/sh
$20.01 - $30 $39 + $0.07/sh
$30.01 and over $39 + $0.08/sh

Transactions with principal values less than $2,000 will be charged a flat fee of USD $43.

A minimum commission of USD $43 is charged for each trade. Full commission and fee charges apply for each partial fill except when transacted within the same business day.

All trade orders are charged an applicable commission rate on a per order basis. For instance, if multiple trade orders are placed on the same day, for the same security, and on the same side of the market, each individual order will be subject to the applicable commission rate.

Transactions with principal values over $250,000 are fully negotiable for U.S. trades.


ExpandOptions1

Option Value Commission
$0 - $2 $35 + $1.50 per contract
$2.01 - $3
$35 + $2 per contract
$3.01 - $4
$35 + $2.50 per contract
$4.01 - $5 $35 + $3 per contract
$5.01 and over $35 + $3.50 per contract

TD Direct Investing offers several equity and index option strategies.


Spreads and Combinations

Standard Commission Rate is charged on one side of the position only. Only applies to orders entered as a spread or combination.


Assignments and Exercises

A commission charge of $43 flat in the currency of the account is charged for each transaction.


ExpandFixed Income Investments1

Canadian O.T.C. Bonds

Commissions, if any, for Bonds, Strip Coupons, GIC’s, T-Bills and other Fixed Income and Money Market securities are included in the quoted prices. Minimum purchase amounts vary by security.

U.S and Exchange-Traded Bonds
Bond Par Value Commission
$0 - $49,999
$40 + $1.50 / 1000
$50,000 and over
$40 + $1 / 10002

2Minimum $110 fee.

For more information about fixed income commissions, please contact an Investment Representative at 1-800-465-5463. We are here to assist you any time, 24 hours a day, seven days a week.


ExpandGold and Silver Certificates1

Gold Certificates

Current Price ($ U.S) Commission ($ U.S.)
$0 - $299 $25 + $0.20 / oz
$300 - $349
$25 + $0.30 / oz
$350 - $399
$25 + $0.40 / oz
$400 - $499 $25 + $0.50 / oz
$450 and over $25 + $0.60 /oz

Silver Certificates

Current Price ($ U.S) Commission ($ U.S.)
$0 - $4.99 $25 + $0.01 / oz
$5 - $5.99
$25 + $0.0125 / oz
$6 - $6.99
$25 + $0.015 / oz
$7 - $9.99 $25 + $0.175 / oz
$10 and over $25 + $0.02 / oz

Safekeeping fees for certificates are U.S. $0.01 / oz. per month for gold and U.S.$0.001 / oz. per month for silver and will be charged at the time of purchase and every October 31 thereafter.


ExpandMutual Funds

Review the mutual fund commission structure available to you at TD Direct Investing.


Fees

For complete information regarding TD Direct Investing rates and fees, have a look at our Statement of Disclosure of Rates and Fees.

 Statement of Disclosure of Rates and Fees.

If you require further assistance please telephone TD Direct Investing at 1-800-465-5463 or contact your local Investor Centre.

Expand Click here to see terms and conditions

1 Commissions and interest rates are subject to change without notice. All other rates and fees are subject to change upon 60 days prior notice. For the most current schedule of rates and fees refer to the Commission Schedule and Statement of Disclosure of Rates & Fees.

2 Your household's quarterly trading activity will be reviewed on a monthly basis. The $7 Flat Fee Commission Rate is automatically effective by the 4th business day of each month using your eligible trading activity from the previous three calendar months. An eligible trade is defined as a commissionable filled equity or option order. Household accounts are defined as those TD Direct Investing accounts for clients living in the same household, with the same address. You must advise TD Direct Investing of these multiple account relationships. Trades executed through TD Direct Investing Global Trading are excluded for the purpose of evaluating your qualification for the $7 Flat Fee Commission Rate.

Platforms

TD Direct Investing has the tools to help you invest with confidence.

See our Platforms

Commission Schedule and Statement of Disclosure of Rates and Fees

Get complete information about TD Direct Investing's rates and fees.

 Download now

Trade Better

Check out TD Direct Investing resources, designed to help you become a smarter investor.