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HomeInvestors HealthBest Online Brokers In Canada 2020 | DIY (Do-It-Yourself) Investing For BEGINNERS

Best Online Brokers In Canada 2020 | DIY (Do-It-Yourself) Investing For BEGINNERS

📈📚 FREE Training Crash Course + Join Our Investing Academy ➤

Today we'll talk about some of the top online brokers for DIY investing in Canada.
– Questrade
– Wealthsimple
– Wealthsimple Trade
– Bank Brokerages

#stockmarket #investing #brandonbeavisinvesting

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Want to join The Investing Academy Community? If so, be sure to check out our website. We offer online courses for Canadians that will give you a full understanding of the stock market fundamentals, walk you through step-by-step in getting your accounts set up, or take your investing to the next level.

You’ll also get to become part of our private community to meet the other students and work alongside of us.

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🏦🇨🇦 Sign Up Bonuses 💰💸:

► Questrade Online Brokerage (Get $50 in commission-free trades) –

► Wealthsimple Trade ($25 cash bonus when you deposit $100 or more) –

► Wealthsimple Invest Robo-Advisor (Receive a $50 sign up bonus) –

► EQ Bank (High-Interest Savings Account) –

► Passiv (Autopilot Portfolio Tool) –

Social Media can sometimes seem like the Wild Wild West, where almost anything goes. We’re not big fans of that, so we want to make something perfectly clear. The above affiliate links are provided for your convenience, and if you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personally vetted each of these companies and services and, in our opinion, we believe they provide value to our viewers, depending upon your individual circumstances. Thanks for reading the fine print!!

Business Inquiries: support@theinvestingacademy.ca

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About Brandon Beavis:

Brandon Beavis was one of the youngest advisors to become fully licensed here in Canada.

In 2013, Brandon officially began his industry studies. Over the years he has completed his CSC (Canadian Securities Course), CPH (Conduct & Practices Handbook), WME (Wealth Management Essentials), 90-day Investment Advisor Training Program, attended the Manulife Professional Development Workshop in Oakville, ON, and attended countless industry seminars, conferences & events to help further his learning.

At age 20, he became a fully licensed Investment Advisor, working for one of Canada’s largest Investment Brokers, Manulife Securities. For 4 years, he worked alongside a highly experienced team at Beavis Wealth Management, specializing in High-Net-Worth Investing. He’s had the opportunity to work under his Father, an advisor of over 25 years, and has dealt hands-on with client portfolios, involving; analyzing, building, and managing multi-million-dollar client accounts.

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About Marc Beavis:

Marc is a retired Portfolio Manager, having spent over 25 years in the investment industry, managing multi-million-dollar portfolios and working with clients of all ages. He retired in 2021 and is a regular contributor to this channel.

Following his initial licensing back in 1996, he completed a number of industry courses, including the Derivatives Fundamentals and Options Licensing Course, Portfolio Management Techniques, Wealth Management Essentials, Investment Management Techniques, Fixed Income Investing, Hedge Fund Essentials, Portfolio Theory, and of course, the Canadian Securities Course.

Marc previously served as a Director of the Canadian Association of Financial Planners (Now FP Canada) including the roles of Vice President and Director of Ethics.

When working in the industry, he held the Chartered Investment Manager (CIM) Designation as offered by the Canadian Securities Institute. In addition, Marc was a Certified Financial Planner (CFP) practitioner, the industry gold standard in financial planning.

Disclaimer: The views and opinions shared on this channel are for informational and educational purposes only. Although previously licensed, the contributors are no longer industry participants and are not licensed to provide financial advice. They strive to provide you with educational information in an entertaining manner. Always do your own research and due diligence before investing. Generally speaking, you should consult a licensed investment professional before investing.

For our full legal disclaimer, please visit our website:

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39 COMMENTS

  1. Get some free some up bonuses with the links below! Thanks for watching! 🙂

    ► Questrade Online Brokerage (Get $50 in commission-free trades) – https://www.questrade.com/campaigns/qbaffl50t102?refid=ayiice9l
    ► Wealthsimple Trade ($10 cash bonus when you deposit $100 or more) – http://wealthsimple.sjv.io/zQ1d6
    ► Wealthsimple Invest Robo-Advisor (Receive a $50 sign up bonus) – http://wealthsimple.sjv.io/7AO7Y

    📈📚 As always, if you’re a beginner to the Stock Market in Canada and you’re looking for a step-by-step blueprint on how to get started… Find out more about our Investing Academy here – https://bit.ly/theinvestingacademy

    • what’s the catch of wealthsimple trade? I mean it can’t be free how they make their money? which form of fee you pay?

    • You ruined my 3 weeks..I watched your video and tried to open account with Questrade .. they were holding my 20k plus for 2 weeks at the end I couldn’t take it anymore now they will take 5-7 business days to return my money cus I can’t work with a bullshit company like Questrade worst customer service and my put my account on hold even after providing everything . I highly recommend not to waste time with Questrade … Please don’t guide wrongfully advice people just because you get 1-2k fr stupid companies like Questrade

  2. Awesome video, but I think a HUGE part you didn’t metnion was that with WS Trade you can’t hold USD in any accounts. Yes you can buy US stocks and ETF’s but you pay the forex fee on both the buying of the USD and the selling when you sell your position. For investors looking to buy some US-listed equities, this is huge. I think this is a huge plus with Questrade as you pay the forex once but if you sell a US listed stock you can still keep the USD and buy something else in USD. A Canadian investor can only go so far with only CAD listed stocks.

    • Thanks Sprudy.. that’s a very valuable piece of info – I have a video upcoming soon explaining some of the downsides of these platforms where I’ll touch on this!

    • Also the fees for each convertion is 1.5%, which means you pay a total of 3% to buy and sell a usd stock with ws trade.

    • Two more things I just found out: WealthSimple Trade stock quotes are not real-time. They are 15-minute delayed. Secondly, they do not currently offer a DRIP but that can be worked around by purchasing more stock with your dividend payments since commission is $0. But it’s a hassle to stay on top of it.

    • @@Will-uj7yu Are the fees on top of the exchange rate? We expect financial institutions to offer their own exchange rates in comparison to the FX spot exchange rate so they don’t lose money buying and selling the USD with your CAD. Are the Questrade exchange rates in-line with that plus the 1.5% fee or do the exchange rate result in 1.5% difference with the FX spot rate?

  3. I’ve commented here and there for the past year, but you are such a great resource for those who are starting out with trading. I’ve recommended you to all of my friends who are looking to start. Keep up the great work!

  4. This was extremely helpful Brandon, thank you so much!! I will most likely be going with wealthsimple standard or the trade version, as I am very new and have little to no capital to start with. Thanks again!

    • Watch for the 1.5% exchange rate fee they charge when you buy and when you sell. Unless you make a profit of 3%, you will actually be losing! I got caught in this and lost 2k.

  5. I setup a Wealthsimple Trade account just last night. Watching your video after the fact, I do not regret my decision whatsoever. I did my research and I am so happy I did my due diligence. Now I just need to wait for my funds to go through to begin building my portfolio. Thanks for the informative video.

  6. Thanks for this video, as a beginner I have to wrap my head around quite a lot of issues with investing, but I will use the info in this video in selecting a platform. Thanks a lot

  7. Wow! Thanks so much Brandon, I’m so happy i stumbled upon you. Youre very good at explaining, you make it easy to understand and love the fact youre Canadian! Makes it so much easier since I’ve been stumbling on American videos (which dont always help me)

    • I know eh in school they teach kids to get an education so they can get a higher pay job like “how to be an employee for the rest of their life” not how to be the boss and increase their wealth! Kids has to find that on their own when they grow up and majority never do!

  8. I repositioned some of my dividend stocks using a broker. Now, I’m buying shares of TSLA, AMZN , AT&T, NVR again. I’m after dividends for passive income but it’s slow growth so now I’ll take my chances on growth stocks like SHLL, WKHS, PLNHF 1 From March I’ve been able to make a little above $400k. I’m slowly buying fractional shares of BRK-A again, I made other few rather modest investments in individual companies, I’ll keep stacking TSLA stocks

  9. Amazing content finally found a Canadian based creator giving advice for Canadians new subscriber here..

  10. I maintain that investing in stocks is still one of the very best means of doubling or holding your funds. Who thinks otherwise? Let’s debate. Lol

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