FrugalTrader of Million Dollar Journey has done an excellent comparative review of E-Trade, Interactive Brokers, Questrade and the typical big-bank brokerage. Here is, reproduced with permission, the table summarizing the features of each brokerage:
| Company | RRSP | Mutual Funds | Margin Rate | Commission | Real Time Quotes | Min $ Req | Maint Cost | Interest on Cash | DRIP |
| E-Trade | Yes | Yes | Prime + 1 = 7% See table here | $9.99/trade with $50k deposit or 30 trades /quarter ($19.99 /trade otherwise) | Yes (free) | $50k for $9.99 trade or else $19.99 /trade | None | 4.15% (only outside RRSP) | Yes |
| IB | No | No | LIB +1.5= 5.72% | Min $1/USD trade. Max 0.2% of trade value ($0.005/ share)Min $2/CAD trade. Max 0.2% of trade value ($0.01/ share) | Yes $10/mo if < $30usd comm/ mo | $5k to open an account | $10 USD/mo (min) | LIB - 0.5 = 3.72% today on Cad$> $11.5k | No |
| Questrade | Yes | No | Prime + 1 = 7% See table here | $4.95 for up to 495 shares or $9.99 for all trades. | Yes (free) | $2500 to open an account | None | prime - 2.5% = 3.5% today on CAD >$10k | Yes |
| Big Bank | Yes | Yes | varies | $29/trade | Yes (free) | varies, $25k with CIBC Imperial Service RRSP | $125 /year with CIBC if under min req. | varies | Yes |
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