Canaccord Genuity Direct (CGD)

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

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).

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.

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.

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

Withdrawal Options