Clients of National Bank Direct Brokerage, a subsidiary of National Bank of Canada, will now be able to carry out online trades of exchange-traded funds (ETFs) listed on a US market with no commissions.
A year after introducing commission-free trading on ETFs listed in Canada, NBDB is extending this pricing policy to US-listed ETFs to meet the needs of self-directed investors.
Currently, NBDB is the only Canadian online broker to offer commission-free trades on all ETFs listed on Canadian and US stock markets.
There are no restrictions on the account size or number of trades when at least 100 units are being traded.
The objective of this new pricing policy is to allow all investors, regardless of the size of their portfolios, to access an expanded market for ETFs, which replicate the performance of an index, a product or a group of stocks.
“With this unique pricing policy, NBDB is making yet another major change to the online brokerage landscape and continuing to make self-directed investing even more accessible. Our team is very proud to be at the forefront,” says Laurent Blanchard, President of National Bank Direct Brokerage. “More than ever, our aim is to innovate to meet the needs of self-directed investors. It’s our priority and today’s announcement is tangible proof. By saving on commissions, our clients will be able to build their portfolios and grow their wealth. This change benefits all types of investors.”