Tag: Online Brokers

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News: Robinhood enters Canadian Market

RobHLeave a comment

I’ve written about Robinhood, a US-based online broker in the context of DIY platforms and the seemingly never-ending gravy train of promotions.

Up until June 1, 2026, Robinhood hasn’t had any offerings for the Canadian consumer. But with the closure of their acquisition of WonderFi (aka Bitbuy, aka Coinsquare, aka Bitcoin.ca)1, they now have a Canadian presence, at least when it comes to crypto trading (something I don’t do).

Robinhood is notable in the DIY investor space because they pretty much invented the idea of commission-free trades for all stocks and ETFs. It’s not clear when (or even if) Robinhood will expand its Canadian offerings beyond crypto but other DIY brokers out there (e.g. Wealthsimple, a bit of a Robinhood clone) are certainly going to be paying attention.

Increased competition in Canadian DIY investing platforms can only benefit the DIY investor. Welcome to Canada, Robinhood. Make sure you spell “cheque” and “chequing” right 😉

  1. aka 4 companies I’ve never heard of before today ↩ī¸Ž

News: Questrade Contest offers free money

RobHLeave a comment

Yup, it’s another promotion. Keep that gravy train going! This time, it’s a contest, so no guarantees, but the rewards are pretty nice if you happen to be so lucky.

  • $175k for your TFSA: (Ts and Cs here)
  • $50k for your RESP: (Ts and Cs here)
  • $40k for your FHSA: (Ts and Cs here)

In each case, all you need to do is to open and fund a new TFSA/RESP/FHSA account ($250), or contribute more than $250 to an existing account, or send a postcard with an essay (yes, really) before the end of the year. One entry per client, per investment vehicle. But you can only win ONE of the three prizes (shucks).

I wonder which contest will actually have the best odds? I contribute to my TFSA every month, so I guess I have a shot, too…