When it comes time to open an
account, start by looking for a
brokerage that allows
online applications — we found BMO InvestorLine and Qtrade Investor have the most efficient process, while some (such as TD Direct Investing) make you visit a branch.
Even though many financial institutions have
online application processes that can make it far easier to open an
account than it was in the past, there are still regulatory requirements that force banks and
brokerage companies to verify your identity and take other steps to ensure the security of your
account.