Desjardins Online Brokerage Review

   (Editor Rating)

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Desjardins Brokerage Review
  • Online Fees and Pricing
  • Account Options
  • Customer Service
  • User Friendly Platform & App
  • Inactivity Fees and ETFs

Desjardins Review Summary:

Desjardins Online Brokerage, which is also referred to as Disnat for their different platforms/price points, was awarded a “C rating” by Rob Carrick in the latest breakdown of Canada’s best discount brokerages for the Globe & Mail. The overall consensus being that while it covers the bases, there’s nothing really stand-out or original about the platform.

However, some people absolutely love this online broker, so we’re going to break down everything they have to offer in this Desjardins online brokerage review so you can make your own decision.


  • All major account types available
  • Better fees for young investors
  • No commission on most mutual funds
  • Plenty of perks such as events and training sessions


  • No free ETFs
  • Quarterly inactivity fees
  • Expensive overall

Desjardins isn’t our recommended broker, there are simply much better ones out there.

Visit Qtrade - Our #1 Rated Broker

When it comes to Canadian online brokers Desjardins Online Brokerage isn’t typically one of the first names that comes to mind. That being said, they are one of the original online discount brokerages in Canada. Desjardins is best-known among those living in Quebec and Ontario; however, it’s also active in western Canada as well.

Desjardins Online Brokerage Fees and Pricing

Desjardin’s pricing structure could have been considered competitive overall, if it wasn’t for that pesky combination of inactivity fees and no free ETF trading.

Sure, all leading brokers charge some kind of inactivity fee (see my Qtrade review or Questrade review for comparison) – but those can easily be waived by buying even a single ETF, which is of course free. Qtrade’s advantage is even more distinct, since it even allows you to sell most ETFs without paying any commission.

Not only that, leading online brokers also always have some kind of a welcome bonus. These promotions do a lot to mitigate any unexpected costs you might incur while getting yourself familiar with a new platform and experimenting with it trying to find the build the best long-term portfolio. Unfortunately, as of this moment Disnat does not offer any promotions to new users.

Desjardins Online Brokerage ETFs and Mutual Funds

No-fee ETFs is one of the things we can usually count on with online discount brokerages. However, Desjardin Online Brokerages have none. This is a definite downfall on their part, especially given that Disnat’s Brokerage fees in other categories aren’t necessarily that much lower than the competition.  

On the other hand, Desjardin Online Brokerage offers no commission on most mutual funds. There are some exemptions to this though, so you will need to read the fine print.

Desjardins Online Brokerage Trading Fees

Desjardins Online Brokerage trading fees vary depending on a few different factors, the main difference being whether you are a Disnat Classic or Disnat Direct client. This also affects platform options which I will discuss after. 

Disnat Classic is for all traders, both new and experienced, but takes on a more simplified approach. It’s meant for those who do a couple of trades per month. Disnat Direct, on the other hand, is for those who are a little more aggressive and trade 10+ times per month. 

Since the Disnat Direct customers are more active and trade more, they will see better trading fees depending on how many trades they do per month as you can see in the chart below. The range in fees depends on how many trades you make as well as the price and quantity of the shares traded.

While the trade commissions for stocks and ETFs will vary depending on whether you are a Disnat Classic or Disnat Direct client, the fees for all other aspects (options, mutual funds, fixed income securities) remain the same for both.

Commissions on online security tradesDisnat ClassicDisnat Direct
Equities and ETFs$6.95$4.95-$6.95 (0-29 trades per month)$0.75 per trade if you make 30+ trades per month
Options$1.25 per contract (minimum $8.75)$1.25 per contract (minimum $8.75)
Mutual Funds$0 (on most)$0 (on most)
Fixed Income securities$50/trade$50/trade 

Platform Fees

Desjardins Online Brokerage has two different platforms. Disnat Classic and Disnat Direct.

Disnat Classic is free of charge. Clients will have access to real time quotes and market data on an easy to navigate platform. It’s mean for those who want simple but modern analysis tools.

Disnat Direct is a high performance platform for those looking for more customizable options. There are three pricing options of varying capacity for watch lists and market depth of quotes. Prices range at each level depending on how many trades you make per month. See the chart below for the different price points. 

Streaming Quotes Level 1$35-60/month if less than 10 trades. $0 per month if 10+ trades
Streaming Quotes Level 1 3/4$60-$95/month if less than 21 trades. $0-$95/month is 21-30 trades. $0/month if 31+ trades.
Streaming Quotes Level 2$105-$155 per month if less than 41 trades. $0/month if 41+ trades

Admin and Account Fees

Disnat account holders should be aware that Desjardins Online Brokerage has inactivity fees of $30 per quarter. These will be waived on the following condition:

  • You have made 6 or more trades in the preceding 12 months
  • Your portfolio value is $15,000 or more on a registered account (RRSP, RRIF, RESP)

Please note that these admin and account fees are the same for both Disnat Classic and Disnat Direct clients alike.

Disnat Online Brokerage Broker@age

If you are a young investor between the ages of 18-30, you can take advantage of a special offer with Desjardins Online Brokerage. The Broker@age clients will receive:

  • 5 free transactions
  • No inactivity fees     
  • No asset minimum for registered accounts

Desjardins Online Brokerage Accounts 

Desjardins Online Brokerages offers both regular and registered accounts. Most of the accounts are available for both Disnat Direct and Disnat Classic clients. Account options include the following:

  • RRSP
  • TFSA
  • RESP (Disnat Classic only)
  • LIRA
  • RIF
  • LIF
  • Cash Accounts (Disnat Classic only)
  • Margin Accounts
  • Margin Options Accounts
  • Short-selling accounts

Desjardins Brokerage FAQ

What markets will I have access to?

Desjardins Online Brokerage offers access to all major North American markets; however, international exchanges are off limits.

Is there Desjardins Online Brokerage app?

Yes, there is. You can find it listed as Disnat by Desjardins. Alternatively, you can go online to and log in from there. 

Does Desjardins Online Brokerage have any perks for clients?

They do! Desjardins Online Brokerage offers more than 250 events and training sessions each year for investors of all levels of experience. The calendar can be found online and is mostly free of charge.  

Are there any specific requirements for opening an account with Desjardins Online Brokerage?

You don’t have to have any Desjardin online banking accounts to use Disnat; however, this online brokerage is only open to Canadians. So you do require Canadian citizenship to open and become a client. 

Can Accounts hold U.S. Dollars as well?

Yes. While Disnat is only available to Canadian residents, Disnat accounts can still hold funds in both U.S dollars and Canadian dollars. 

Who is Desjardins Online Brokerage Best For?

Desjardins Online Brokerage has options for investors of all levels of experience but isn’t necessarily the best choice for any specific type of investor. This doesn’t mean they are a bad option. Just not necessarily a standout one. 

There are plenty of mixed Desjardins brokerage reviews out there. Yes, the Globe and Mail review only gave it a C grade, however, it ranked first place in the 2019 JD Power Review for investor satisfaction and was the runner up for customer service according to MoneySense 2017 rankings. Like with every other online brokerage, it has its pros and cons and you need to evaluate those based on your needs. 

As for our thoughts? Well, considering the ETF trading prices and the inactivity fees, Desjardins Online Brokerage wouldn’t be a brokerage we would use. When you compare Disnat vs Questrade, the latter clearly comes out on top.

To read up on why Questade has been our number 1 pick for the past several years, take a look at our Questrade Review. You can also check my latest Qtrade review and see why i think it has recently overtaken Questrade as the best broker in Canada.


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