Tidewater Invest review

Tidewater Invest is a sensible default for Canadian residents: local registration, registered accounts and a hands-off option if you do not want to pick securities yourself.

Who it suits

Canadians and, through partner entities, US and Mexican residents who want a broker that understands their tax wrappers.

Costs in practice

ETF purchases are free, which makes a passive portfolio nearly costless. Stocks cost C$4.95 per trade. The managed service charges 0.4% a year plus the ETF expense ratios.

Platform and tools

The web platform includes portfolio analytics, goal tracking and a decent options interface. Fractional shares were added recently and cover the largest 500 US companies.

Safety

Canadian accounts are protected by CIPF; US accounts by SIPC. Cash is held at insured banks.

Fees at a glance

Summary	C$0 on ETFs, C$4.95 on stocks, 0.4% managed
Spread from	n/a (exchange-traded)
Commission	C$0 ETFs, C$4.95 stocks, options C$0.75/contract
Inactivity fee	None
Withdrawal fee	Free
Minimum deposit	None

Regulation

Regulator	Jurisdiction	Licence
CIRO Canadian Investment Regulatory Organization	Canada	Sample membership
FINRA Financial Industry Regulatory Authority	United States	CRD 000000 (sample)
CNBV Comisión Nacional Bancaria y de Valores	Mexico	Sample licence

Always confirm the licence on the regulator's own register before depositing. Here is how.

Features

• ✓ Demo account
• — Copy trading
• ✓ Fractional shares
• — MetaTrader 4
• — MetaTrader 5
• — TradingView
• — cTrader
• — Swap-free account
• ✓ Interest on cash
• ✓ Savings plans
• ✓ Trading API
• ✓ Options trading