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Discount Brokerage Deals & Promotions – April 2021

If you’re fortunate enough to be in a place where spring is starting to arrive, the sight of new growth is a welcome change. Another spot where there are some pleasant surprises of growth: our online brokerage deals and promotions section.

This month, we’re excited to see a new commission-free trade deal cross the wires at the start of the month from HSBC InvestDirect. After the appearance of a new commission-free offer last month from National Bank Direct Brokerage it appears the look for the spring season is commission-free trading.

Of course, what would April be without some clouds and rain? Offers that expired heading into the month include RBC Direct Investing’s cash back (plus free trades) promotion.

As the saying goes, however, April showers bring May flowers and there seems to be more pleasant surprises showing up this month, so stay tuned for updates and be sure to check out our new deals and promotions filter to analyze the latest offers.

Expired Deals

March was a blustery month for deals activity among Canadian online brokerages. Most of the offers that were timed around RRSP season expired early in the month however there were two interesting promotions later in the month that also wound down.

In the middle of the month, Wealthsimple Trade’s latest referral contest expired. And, at the end of March, RBC Direct Investing’s cash back plus free trade promotion officially concluded.

Extended Deals

No extended deals to report at this time.

New Deals

Great news for deal hunters looking for commission-free trades as the start of this month features two new offers to review.

First, HSBC InvestDirect launched a new commission-free trade offer of 60 commission-free equity and ETF trades (North America only). This offer enables qualifying customers to trade commission-free (up to 60 trades) for 60 days. This promotion expires on June 30 and applies to both existing and new clients.

Second, be sure to review National Bank Direct Brokerage’s massive 100 commission-free trade offer. This crossed our radar in March and coincided with their recent commission-price drop, making this a competitive offer from a Canadian bank-owned online broker.

Review all the available online brokerage deals using our new deal filter tools here.