Canaccord Genuity Direct (CGD)

WikiFX | 2025-04-30 16:05

الملخص：Canaccord Genuity Direct (CGD), established in Canada in 2020, is a trading platform offering various assets, including equities, ETFs, options, futures, fixed income, and GICs. Regulated by the IIROC (Investment Industry Regulatory Organization of Canada), CGD emphasizes major Canadian exchanges and employs cutting-edge technology for algorithmic trading. 　　While its competitive edge in equities trading and a comprehensive range of assets provide advantages, users should be mindful of high trading fees, additional account activity charges, and a limited educational resource focus. Operating in Montreal, CGD's support is available on weekdays from 8:00 AM to 4:30 PM ET.

CGD Review Summary
Founded	2001
Registered Country/Region	Canada
Regulation	CIRO
Market Instruments	Equities, ETFs, Options, Futures, Fixed Income, GICs, Forex
Demo Account	❌
Leverage	Not mentioned
Spread	Not mentioned
Min Deposit	$5,000 (cash/registered account) / $15,000 (margin account)
Customer Support	Phone: (514) 985-8080, 1-866-608-0099
Customer Support	Address: 360, Saint-Jacques Street West, Suite G-102Montreal (Québec) CanadaH2Y 1P5

CGD Information

Canaccord Genuity Direct (CGD), founded in 2001 and regulated by CIRO, offers a range of self-directed investing services to Canadian residents. It provides access to equities, ETFs, options, fixed income, futures, and forex but does not offer a demo or Islamic account.

Pros and Cons

Pros	Cons
Access to major Canadian markets	High non-trading fees
Strong regulatory background (CIRO)	No demo account and no Islamic account
Wide asset offering (Equities, ETFs, Fixed Income)	High minimum deposit requirement ($5,000 / $15,000)

Is CGD Legit?

Yes, CGD (Canaccord Genuity Corp.) is legitimately regulated.

It is regulated by the Canadian Investment Regulatory Organization (CIRO).

The license type is Market Maker (MM), although the license number is unreleased.

What Can I Trade on CGD?

Canaccord Genuity Direct (CGD) offers access to a wide range of trading products, focusing mainly on equities, ETFs, options, futures, fixed income, and foreign exchange, with professional-grade Direct Market Access (DMA).

Tradable Instruments	Supported
Equities	✅
ETFs	✅
Options	✅
Futures	✅
Fixed Income (Bonds)	✅
GICs	✅
Forex (Foreign Exchange)	✅
CFDs	❌
Commodities	❌
Crypto	❌

Account Types

Canaccord Genuity Direct offers several types of real (live) accounts including investment, retirement, and savings accounts. Demo accounts and Islamic (swap-free) accounts are not available. Different accounts suit different investor needs, mainly for Canadian residents interested in self-directed investing or retirement planning.

Account Type	Description	Suitable for
Standard Investment Account	For self-directed equity, ETF, and options trading	Active traders, investors
TFSA (Tax-Free Savings Account)	Investment gains are tax-free	Long-term savings without tax
RSP (Registered Savings Plan)	Tax-deferred savings plan for retirement	Retirement-focused investors
RIF (Retirement Income Fund)	Withdrawals from RSP after retirement	Retirees managing their savings
GIC Investment Account	Purchase of guaranteed investment certificates	Conservative investors seeking security

CGD Fees

CGDs trading fees are higher than industry average, especially for active or high-volume traders. While flat fees may suit occasional retail investors, per-trade and account activity costs can accumulate for more frequent users.

Trading fee	Amount
Guaranteed Investment Certificated-GIC (Buy)	$1.00 per $1000 investment*
Guaranteed Investment Certificated-GIC (Buy)	*minimum $25.00, maximum $250.00
Equities & ETFs (Sell & buy)	$9.99 / trade*
Equities & ETFs (Sell & buy)	*exchange fees passed through
Options (Sell & buy)	$1.00 / contract*
Options (Sell & buy)	*minimum $10.00

Non-Trading Fees

Non-Trading Fee Type	Amount
Deposit Fee	Not explicitly listed
Withdrawal Fee (EFT)	$5.00
Wire Transfer (CAD)	$40.00
Wire Transfer (USD)	$50.00
Wire Transfer (International)	$65.00
Inactivity Fee	$20.00 / month
Close Account	$75.00
Annual Registered Account	$125.00
Transfer of Account (Full)	$125.00
Partial Transfer	$75.00

Deposit and Withdrawal

Canaccord Genuity Direct charges fees for deposits and withdrawals depending on the method used. The minimum deposit is $5,000 for cash or registered accounts and $15,000 for margin accounts.

Deposit Options

Deposit Options	Min. Deposit	Fees	Processing Time
Wire Transfer (CAD)	$5,000 (cash/registered) / $15,000 (margin)	$40	1–2 business days
Wire Transfer (USD)	$5,000 / $15,000	$50	1–2 business days
Wire Transfer (International)	$5,000 / $15,000	$65 (in account currency)	1–3 business days
EFT (Electronic Funds Transfer)	$5,000 / $15,000	$5	1–2 business days
Certified Cheque	$5,000 / $15,000	$25	Varies
Cheque (Standard)	$5,000 / $15,000	$10	Varies

Withdrawal Options

Withdrawal Options	Min. Withdrawal	Fees	Processing Time
Wire Transfer (CAD)	Not mentioned	$40	1–2 business days
Wire Transfer (USD)	Not mentioned	$50	1–2 business days
Wire Transfer (International)	Not mentioned	$65 (in account currency)	1–3 business days
EFT (Electronic Funds Transfer)	Not mentioned	$5	1–2 business days
Certified Cheque	Not mentioned	$25	Varies
Cheque (Standard)	Not mentioned	$10	Varies