The Mouvement Desjardins may seem like a company that has NHL teams, but it is actually a large federation of nearly 300 Canadian credit unions. Desjardins Group provides retail banking, insurance, venture capital and brokerage services to millions of Canadians, primarily in the provinces of Ontario and Quebec. Disnat is one of Canada’s most popular brokerage firms with a wide range of investment offerings. As all Canadian investors know, it’s important to read the fine print about fees and commissions.
Who is Disnat for?
Disnat aims to please since it belongs to a credit union. The services are available to both beginner and advanced traders and the customer service standards are the highest in the industry. Day traders will appreciate the tools and speed of the Disnat Direct platform, and buying investors will be able to fund their retirement accounts with profitable securities like ETFs and mutual funds.
Canadian citizenship is required to open an account. Customers can hold US and Canadian dollars in their accounts. Disnat provides access to all major North American markets, but international trade is prohibited. Unlike many of its Canadian competitors, Disnat allows for short selling and uncovered options strategies.
Disnat has 2 different trading platforms for its clients: Disnat Classique and Disnat Direct.
Classic might be the base platform, but that doesn’t mean it lacks research tools and reports. Disnat Classic can be adapted for use on computer, tablet or smartphone and the learning curve is far from steep. The first thing you will see will be your Holdings screen, which can be maximized and analyzed with just a tap. Then you will be taken to the trading screen, where you can place market and limit orders for stocks, bonds, options, and mutual funds. The Markets screen displays your last 10 quotes with fungible charts and the Research screen contains news and analysis on your watchlists and holdings. Data streaming charges apply, but you can waive these charges by completing 10 transactions per month.
Disnat Direct is aimed at advanced traders. You’ll get all of Classic’s news and research as well as an unlimited number of watchlists, quotes, and charts. Advanced technical signals can be used to analyze charts and execute trades right on the same screen. And unlike Classic, Direct users can view Level II quotes, which provide a view of the underlying market. Instead of simple bid / ask spreads, you’ll scan inside the market and see where orders are coming from and what lots are available. Disnat Direct is a much more powerful platform than Classic, but platform access fees apply.
Disnat offers access to 2 other market research and analysis tools: Hardbacon and Recognia. Hardbacon is like the Canadian version of Personal Capital – an all-in-one equity tracking app with research tools, portfolio analysis, and even access to a personal advisor. Disnat customers can get a free 3 month trial.
Recognia is an in-depth market research tool that can focus on both technical and fundamental trading strategies. Traders can monitor short and long term technical events using Technical Insights and fundamental strategies using Value Analyzer. Recognia will also merge technical and fundamental strategies into a single portfolio.
Wealthy clients can get trading discounts and fee reductions through Disnat’s Prestige service. If your account balance is $ 1 million or more, you will be a Prestige Gold customer, which comes with trading commissions of $ 7.95 and no fees on registered accounts or in the event of inactivity.
Young investors with little capital also have options with Disnat. The Brokerage 18-30 account is (you guessed it) for clients between the ages of 18-30 who want to learn the basics of investing. Brokerage 18 to 30 clients get 5 free trades, no inactivity fees and no minimum for registered accounts like TFSAs and RRSPs.
Disnat has market research from only 2 official sources: Morningstar and Desjardins Wealth Management Securities (which comes from Disnat’s mother ship). Both are good sources of market information and analysis, but a little more diversity of opinion would benefit customers. However, Disnat’s Learning Center is a treasure trove of knowledge on basic and sophisticated market concepts.
The D Bulletin is a monthly newsletter that features topics such as retirement savings vehicles, the role of central banks, and the latest global market news and economic commentary. Disnat also offers instructional videos and a glossary of market terminology. The Disnat Learning Center is a great place to start if you need accelerated finance training.
Other fees for currency transfers and conversions may apply. Potential customers will need a minimum of $ 1,000 to open an account. Make sure you read the fine print of all your trades before executing them.
Desjardins Group is committed to respecting the highest levels of security for its client information. Disnat customers are protected by a variety of encryptions, firewalls, and digital certificates. Real-time fraud alerts are in place to detect suspicious activity. Disnat employees will never ask you for your password or account information, and the fraud alert team will contact you by phone, email, or SMS to confirm any transactions that appear inappropriate.
Disnat can be contacted by email and telephone with the information listed below. The general customer service line is open Monday to Friday from 7 a.m. to 7 p.m. Unfortunately, there is no option for live chat, which is a major drawback.
Despite the lack of chat accessibility, Disnat gets high marks for its response rates. According to MoneySense Canada, customer requests are processed within 19 hours on average. A 19-hour response time is much shorter than that of competitors like HSBC InvestDirect or BMO InvestorLine.
Disnat does not have a long list of titles like some competitors. But you can trade stocks, ETFs, mutual funds, options, and fixed income on major North American exchanges like NYSE, NASDAQ, AMEX, CBOE, TSX, TSX. Venture and the CSNX. No currency or futures trading is available and mutual funds are limited to certain families. Here are some examples:
However, the mutual funds on the Disnat list trade commission-free. Transactions can be done both online and over the phone. Disnat clients can also get unique access to IPOs and fixed income assets like bonds, treasury bills and money market funds.
Disnat’s Guided Portfolio Strategies (GPS) can create an autopilot portfolio for you. Disnat GPS offers 5 portfolio models to choose from, each based on a different theme like US equities or Canadian fixed income. Clients can adjust portfolios to avoid certain particular stocks or strategies.
With the presence of platforms for both novice and advanced investors, Disnat’s platform and website are quite easy to navigate. Disnat Direct requires a bit of adaptation, especially if you are not familiar with the technical concepts of trading. Obtaining customer support can also be difficult outside of working hours.
Disnat Classique is incredibly user-friendly and the Mouvement Desjardins is recognized for its business acumen and customer relations. Getting started is a straightforward process.
Desjardins Online Brokerage is a fantastic service providing Canadian investors with access to North American financial markets. You won’t find as many investment options as global platforms like InvestDirect, but there is no shortage of stocks, ETFs and mutual funds to build a portfolio. Disnat clients also have access to options markets such as the CBOE and the Montreal Exchange.
The charting tools on Disnat Direct are excellent, and the Learning Center provides clients with comprehensive training on trading stocks, bonds, ETFs, mutual funds, and options. However, fees can add up quickly, especially if you don’t meet monthly trading minimums. Registered accounts like TFSAs and RRSPs are also available. Whether you are a market pro or a newbie investor, Disnat has something that you will find appealing.
Frequently Asked Questions
What are Disnat’s monthly fees?
What are Disnat’s monthly fees?
Fees range from $ 30 to $ 155 per month, depending on service levels and access.
What are the disadvantages of Disnat?
What are the disadvantages of Disnat?
The downsides of Disnat include that it is for Canadian citizens and there is a higher fee.
0 Commissions and no minimum deposit. Everyone has smart tools to invest smart. Webull supports full extended trading hours, which includes full pre-trade (4:00 am – 9:30 am ET) and after hours (4:00 pm – 8:00 pm ET) sessions. Webull Financial LLC is registered and regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). He is also a member of the SIPC, which protects (up to $ 500,000, which includes a limit of $ 250,000 for cash) against the loss of cash and securities held by a client of a brokerage firm. member of the SIPC in financial difficulty.