Pricing
You are
Disnat Classic
Commissions for online security tradesfootnote 1
See exceptions, other fees and remuneration
Learn more – Other information regarding broker remuneration
Quotes and market data
General fees
Disnat Direct
Commissions for online security tradesfootnote 1
See exceptions, other fees and remuneration
Learn more – Other information regarding broker remuneration
Steaming quotes and market datafootnote 4
$0 per month if 10 trades or more and the value of the portfolio is $15,000 or more.
$35footnote 3 per month otherwise.
$0 per month if 41 trades or more and the value of the portfolio is $15,000 or more.
$105footnote 3 per month otherwise.
General fees
Other commissions and fees
Commissions on security trades placed by telephonefootnote 3
Stocks and ETFs (minimum $45)
| Canadian markets | |
|---|---|
| Price per share | Commission |
| $0.00 – $0.50 | 2% of trade value |
| $0.51 – $1.00 | $35 + [0.5¢/share] |
| $1.01 – $2.00 | $35 + [2¢/share] |
| $2.01 – $5.00 | $35 + [2.5¢/share] |
| $5.01 – $10.00 | $35 + [3.5¢/share] |
| $10.01 – $20.00 | $35 + [4.5¢/share] |
| $20.01 – $30.00 | $35 + [5.5¢/share] |
| $30.01 and over | $35 + [6.5¢/share] |
| American markets | |
|---|---|
| Price per share | Commission |
| $0.00 – $0.24 | 3% of trade value |
| $0.25 – $1.00 | $39 + [2¢/share] |
| $1.01 – $2.00 | $39 + [3¢/share] |
| $2.01 – $5.00 | $39 + [4¢/share] |
| $5.01 – $10.00 | $39 + [5¢/share] |
| $10.01 – $20.00 | $39 + [6¢/share] |
| $20.01 – $30.00 | $39 + [7¢/share] |
| $30.01 and over | $39 + [8¢/share] |
Options (minimum $35)
$2,50 per contract
Mutual funds
No commission on most mutual funds. See exceptions, other fees and remuneration
Fixed income securities
Minimum $50 per trade. See details.
Debentures
Nominal value 0,01 – $24 999: $3/$1000, minimum $45 per transaction
Nominal value $25,000 or more $2/$1000 minimum $45 per transaction
Guaranteed Investment Certificates (GIC)
Commission of 0.25% of the value. Minimum purchase of $5,000.
Streaming Data Fees
Disnat Classic: Streaming Quotes (on demand)
| Features | Monthly cost |
|---|---|
|
$0 if:
$30footnote 3 if the above criteria not met. |
Disnat Direct: Streaming Data and Quotes
| Features | Monthly cost |
|---|---|
| Market-Q platform | |
| View the best bid and ask prices as well as the lots available at these two prices. | |
|
$0 if:
$35footnote 3 if the above criteria not met. |
|
| Market-Q platform Level 2 | |
| With this option, you get the market depth by price and by origin of orders on the Canadian markets as well as the TotalView service on the US side. | |
|
$0 if:
$105footnote 3 if the above criteria not met. |
|
Discover Disnat Direct
General fees
| Details | Feesfootnote 11 |
|---|---|
| Inactivity fees |
$0 if:
$30 per quarter will apply if the above criteria not met. |
| Account opening for trusts, guardianship, public curatorship | $200 |
| Account opening for a single trade | $50 + commission for security trades placed by phone |
| Estate account processing fee | $200 |
| Certificate deposit or Direct Registration System (DRS) | $100 per certificatefootnote 3 |
| Certificate registration | $150 per certificate |
| Certificate registration (rush) | $250 per certificate |
| Safekeeping of negotiable securities held in client’s name | $10 per security, per monthfootnote 3 |
| Non-Desjardins GIC, received from another institution | $50footnote 3 |
| Cheque withdrawal | $10 |
| NSF cheque | $25 |
| Details | Fees |
|---|---|
| TFSA | No administration fees, but subject to inactivity fees |
| Annual administration fees – RRSP / LIRA |
Market value of $15,000 or more: $0 LIRA with the same root account as an RRSP with a market value of $15,000 or more: $0 125 trades per year:footnote 9 $0 Otherwise: $100footnote 3 |
| Annual administration fees – RRIF / LIF |
Market value of $25,000 or more: $0 125 trades per year:footnote 9 $0 Otherwise: $100footnote 3 |
| Annual administration fees – RESP |
If the combined market value in all of the subscriber’s accounts is $15,000 or
more: $0 Otherwise: $50footnote 3 |
| Partial withdrawal (except TFSA and RESP) | $25footnote 3 |
| Total withdrawal (except TFSA and RESP) | $150note de bas de page 3 |
| HBP: withdrawal and subsequent closing of RRSP | $0 |
| Swap | $40 |
| Unlocking of LIRA/LIF | $150note de bas de page 3 |
| Details | Fees |
|---|---|
| Bank transfer to Canada or U.S. |
Bank: $25 Caisse: $15 |
| Total account transfer to another institution | $150note de bas de page 3 |
| Partial account transfer to another institution | $25footnote 3 per security |
| Transfer of securities or cash to third party (approval required) | $25footnote 3 |
| Details | Fees |
|---|---|
| Option exercise/assignment | $30 per trade |
| Delivery against payment | $30 per trade |
| International securities, buy or sell |
$150 + Telephone trades Additional fees and taxes may apply depending on the market |
| International securities, receipt or delivery | $150 |
| Exchange of restricted stock (Securities Act 1933) for marketable stock | $100 |
| Épargne Placements Québec trade | $45 |
| Details | Fees |
|---|---|
| Request for research and copy of statement of account | $50 fixed rate + $5 per itemnote de bas de page 3 |
| Contract duplicate or correction | $25footnote 3 |
| Fee for non-consent to disclosure of contact information to reporting issuers | $15footnote 3 per quarter |
Interest rates
Interest is calculated daily based on the closing balance and posted monthly in the currency of the account, according to the rates below. Interest is not paid or charged on amounts less than $5, except for registered accounts, which have no minimum. Please note that rates are subject to change without notice.
See the current prime ratesThis link will open in a new tab.Debit Balances
| Balance | Canadian rate | U.S. rate |
|---|---|---|
| All debit balances | Prime + 9% | Prime + 9% |
| Balance | Canadian rate | U.S. rate |
|---|---|---|
| Between $0 and $99,999 | Prime + 1.25% | Prime + 1% |
| Between $100,000 and $499,999 | Prime + 0.5% | Prime + 1% |
| $500, 000 and over | Prime | Prime + 0.5% |
Credit balances
| Balance | Canadian rate | U.S. rate |
|---|---|---|
| Between $0 and $49,999 | Prime -minus 4.25% | Prime -minus 6.05% |
| Between $50,000 and $99,999 | Prime -minus 4% | Prime -minus 5.80% |
| Between $100,000 and $499,999 | Prime -minus 3.75% | Prime -minus 5.55% |
| $500,000 and over | Prime -minus 3.5% | Prime -minus 5.30% |
Exchange rates
The exchange rate used for fund transfers or for trades is based on the net amount of the fund transfer or trade. The applied exchange rate will be the rate in effect at the time the fund transfer request is processed by Desjardins Online Brokerage or at the time the order is executed. Due to fluctuations in foreign exchange markets, please note that the exchange rate may change anytime during the day.
Desjardins Online Brokerage offers most of its brokerage accounts in Canadian and U.S. dollars. By trading U.S. securities exclusively in a U.S. dollar account, you will save on exchange rate fees.
The current exchange rates can be founded in the Currency Conversion section of the Trading menu in Help on the secure site, and in the Conversion Tab of the Fund Transfers menu on the mobile.
Calculating margins
Margin accounts allow investors to use a wider variety of equity strategies and provide the buying power needed to purchase stocks, even though they might not have the funds upfront. The loan value is calculated based on the securities in the investor’s account or is equivalent to a certain percentage of the purchase price of the stocks they want to buy. The maximum loan value therefore varies based on the type of investment and the market value of the stocks.
Short selling involves selling a security that you do not own in the hopes you can can buy it back later at a lower price. Short sell orders can only be entered in margin-short accounts. On Canadian markets, only board lots are accepted, while U.S. markets accept short sells of board lots and odd lots.
| Price of stock | Advance in % of the market value |
|---|---|
| Canadian and US stocksfootnote 5 | |
| $5 and overfootnote 6 | 70% |
| $3 and over | 50% |
| $3 and over if stock or sector concentrationfootnote 7 | 40 to 50% |
| Below $3 | Not marginable |
| Options Canadian and US | Not marginable |
| Mutual Funds | |
| $3 or more | 50% |
| Under $3 | 0% |
| Type of security | % loan value |
|---|---|
| Corporate bonds and debentures | 50% |
| Municipal bonds | 95% |
| Provincial bonds | 95% |
| Commercial paper | 90% |
| Canada bonds | 96% |
| T-Bonds (Canadian or U.S.) maturing in > 3 years | 96% |
| T-Bills/T-Bonds (Canadian or U.S.) maturing in < 3 years | 99% |
| Share value | Minimum margin required |
|---|---|
| $5 and over footnote 6 | 130% of the market value |
| $3 to $4.99 | 150% of the market value |
| $2 to $2.99footnote 8 | 200% of the market value |
| $1.50 to $1.99footnote 8 | $3 per share |
| $0.25 to $1.49footnote 8 | 200% of the market value |
| Under $0.25footnote 8 | 100% of the market value + $0.25 per share |
Other information regarding broker remuneration
Debt securities
The standard norm for trading debt securities is to include the commission paid to the broker (Desjardins Online Brokerage) in the purchase price and selling price. This means that prices are increased during a purchase and reduced during a sale. This difference is known as a spread. The spread may vary from one tenth of a basis point (0.1) to one and a half basis points (1.5) depending on the maturity date of the security. The minimum commission fee for each trade is $50. Yields displayed on our website reflect the commission fees and spreads applied.
Apart from the commission paid to the broker (Desjardins Online Brokerage), the firm (Desjardins Securities) may also receive income resulting from the difference between the purchase price and selling price. This income is included in the purchase or sale price of the debt security.
Securities offering
When the firm (Desjardins Securities) acts as an underwriter or agent in a securities offering, compensation is paid by the issuer to Desjardins Online Brokerage.
Currency conversion
In any transaction requiring currency conversion, the broker (Desjardins Online Brokerage) may earn, in addition to commission for the brokerage, income from the conversion. In this type of transaction, the firm (Desjardins Securities) acts as principal and uses a competitive conversion rate based on market buying and selling rates for the currency, with “currency conversion” and “income” included (the income margin can vary between 0.15% and 1.90%, depending on the value of the conversion). Any currency conversion is conducted at the rate in effect on the day of the transaction. The conversion rates in effect at a given time and the income margin on conversion can be consulted on the Disnat brokerage platform in the Currency Conversion section of the Trading menu in Help on the secure site, and in the Conversion Tab of the Fund Transfers menu on the mobile.
U.S. Marketplaces: Payment for Order Flow
Desjardins Securities must pay fees for the execution of its clients' orders on the Canadian and U.S. marketplaces. However, there may be situations in which Desjardins Securities will receive cash payments (“rebates”) from U.S. intermediaries on transactions it executes. These rebates differ depending on the marketplace and traded security, and are often contingent upon the total volume of routed orders, the liquidity created by these orders, or by the nature of the party initiating the order (i.e., an individual or institutional investor). These rebates can vary between one hundredth of a cent and a half ($0.0015) and two hundredths of a cent ($0.002) per share. Fees paid and/or rebates received are not passed on directly to clients. The cost of execution (fees to be paid by Desjardins Securities and potential rebates) may be considered as part of Desjardins Securities’ order routing decision-making process. If and when such situations give rise to a material conflict of interest, Desjardins Securities undertakes to take measures to identify and address such situations fairly and reasonably, in keeping with its regulatory obligations. Clients’ orders are traded on any U.S. marketplace to which Desjardins Securities has access and/or can access to meet its best execution obligations.
Notes
-
The Securities and Exchange Commission (SEC) charges a fee for every executed sell order on any American exchange.
Desjardins Online Brokerage reserves the right to limit the number of intra-session trades on the same security. Trades placed by phone valued at $2,000 or less are charged a flat commission of $45 CAD or USD.
Desjardins Online Brokerage reserves the right to refuse any trade placed on U.S. over-the-counter markets (i.e., OTCBB). For more details regarding this policy, please contact our Client Service team. Securities traded online include stocks, ETFs, rights, warrants and preferred shares.
Commission rates applicable for the current calendar month are based on the total of all accounts linked to the same login ID during the preceding calendar month. -
Commissions are calculated on a daily basis and charged in the currency of the trade. A partial execution will be subject to the full commission if the transaction is not executed in its entirety on the same business day. A minimum commission is applicable to each trade.
The Securities and Exchange Commission (SEC) charges a fee for every executed sell order on any American exchange.Desjardins Online Brokerage reserves the right to limit the number of intra-session trades on the same security. Trades placed by phone valued at $2,000 or less are charged a flat commission of $45 CAD or USD Desjardins Online Brokerage reserves the right to refuse any trade placed on U.S. over-the-counter markets (i.e., OTCBB). For more details regarding this policy, please contact our Client Service. - Taxes extra (in the currency of the account).
-
Commission rates applicable for the current calendar month are based on the total activity and value of all accounts linked to the same login ID during the preceding calendar month.
Streaming data fees are not charged on the first calendar month of platform use, no matter the number of trades executed.
IMPORTANT: If you want to temporarily suspend or permanently end your services, please notify us by phone before the last business day of the current month in order to avoid being charged the fixed platform user fees the following month. - Except certain stocks trading on the TSX Venture Exchange and on over-the-counter markets, which are not marginable. Desjardins Online Brokerage reserves the right to reduce or remove the loan value on a stock.
- Applicable only to U.S. option-eligible securities and Canadian securities eligible for reduced margin based on the quarterly list issued by the IIROC.
- Stock or group of stocks of the same sector, representing 50% or more of the portfolio value.
- Short sells are not accepted for stocks below $3; however, existing short positions may be held if the share price falls below $3.
- 125 cumulative trades per year, per client. Reference period: September 1 to August 31.
- Streaming quotes on demand, contact our Client Service team.
- Fees are charged in the currency of the account.