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CGD -

Score

6.73 /10
Average

CGD

Canada

5-10 years

Regulated in Canada

Market Maker (MM)

Self-developed

https://www.canaccordgenuity.com/cgdirect

Influence

B

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Score

Regulatory Index6.32

Business Index7.14

Risk Management Index9.63

Software Index5.69

License Index6.32

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VPS Standard
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Broker Information

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Company Name

Canaccord Genuity Direct

Company Abbreviation

CGD

Platform registered country and region

Canada

Company website

Company summary

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WikiFX Survey

CGD

Canada

WikiFX Verification

Data Source WikiFX Data provide
Updated: 2025-07-23
CGD · Company summary
CGD Review Summary
Founded2001
Registered Country/RegionCanada
RegulationCIRO
Market InstrumentsEquities, ETFs, Options, Futures, Fixed Income, GICs, Forex
Demo Account❌
LeverageNot mentioned
SpreadNot mentioned
Min Deposit$5,000 (cash/registered account) / $15,000 (margin account)
Customer SupportPhone: (514) 985-8080, 1-866-608-0099
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.

CGD Information

Pros and Cons

ProsCons
Access to major Canadian marketsHigh 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.

Is CGD Legit?

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 InstrumentsSupported
Equities✅
ETFs✅
Options✅
Futures✅
Fixed Income (Bonds)✅
GICs✅
Forex (Foreign Exchange)✅
CFDs❌
Commodities❌
Crypto❌
What Can I Trade on CGD?

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 TypeDescriptionSuitable for
Standard Investment AccountFor self-directed equity, ETF, and options tradingActive traders, investors
TFSA (Tax-Free Savings Account)Investment gains are tax-freeLong-term savings without tax
RSP (Registered Savings Plan)Tax-deferred savings plan for retirementRetirement-focused investors
RIF (Retirement Income Fund)Withdrawals from RSP after retirementRetirees managing their savings
GIC Investment AccountPurchase of guaranteed investment certificatesConservative investors seeking security
Account Types

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

Non-Trading Fees

Non-Trading Fee TypeAmount
Deposit FeeNot 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
Non-Trading Fees

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 OptionsMin. DepositFeesProcessing Time
Wire Transfer (CAD)$5,000 (cash/registered) / $15,000 (margin)$401–2 business days
Wire Transfer (USD)$5,000 / $15,000$501–2 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$51–2 business days
Certified Cheque$5,000 / $15,000$25Varies
Cheque (Standard)$5,000 / $15,000$10Varies

Withdrawal Options

Withdrawal OptionsMin. WithdrawalFeesProcessing Time
Wire Transfer (CAD)Not mentioned$401–2 business days
Wire Transfer (USD)Not mentioned$501–2 business days
Wire Transfer (International)Not mentioned$65 (in account currency)1–3 business days
EFT (Electronic Funds Transfer)Not mentioned$51–2 business days
Certified ChequeNot mentioned$25Varies
Cheque (Standard)Not mentioned$10Varies
Withdrawal Options

User Reviews

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User comment

2

Comments

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IRISer
more than one year
Just a heads up for fellow traders out there, this platform is a total scam. They lure you in with promises and ****** away your position without warning. I got stopped out a mere 5 pips away from my stop loss, and when I reached out to customer service, they claimed they couldn't do anything about it. Be cautious, folks – all they're after is your hard-earned cash.
Just a heads up for fellow traders out there, this platform is a total scam. They lure you in with promises and ****** away your position without warning. I got stopped out a mere 5 pips away from my stop loss, and when I reached out to customer service, they claimed they couldn't do anything about it. Be cautious, folks – all they're after is your hard-earned cash.
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2024-01-03 23:31
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微微一信（北京二锅头）
more than one year
In my experience, their customer service is prompt and helpful, and their trading platform is user-friendly. I've also found their trading conditions to be competitive compared to other brokers. Overall, I highly recommend this company CGD to anyone looking for a reliable and trustworthy forex broker.
In my experience, their customer service is prompt and helpful, and their trading platform is user-friendly. I've also found their trading conditions to be competitive compared to other brokers. Overall, I highly recommend this company CGD to anyone looking for a reliable and trustworthy forex broker.
Translate to English
2023-03-23 10:54
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