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COVID-19 and virtual meetings with your MD Advisor: Helpful information, updates and the latest MD market news.

MD Direct Trade™

New online trading platform provided by Canada's top-ranked online broker, Qtrade1

About MD Direct Trade™

MD Financial Management clients have access to MD Direct Trade™, our low-cost online investment and trading platform. This service is provided by the top-ranked online brokerage Qtrade Investor, which was rated by Surviscor as the Best Online Broker of 2019 for the fourth consecutive year. Its simple interface provides robust market research and tools to help you invest and trade with ease.

  • Top-ranked platform
    Top-ranked platform
  • Comprehensive research and tools
    Comprehensive research and tools
  • Lower cost
    Lower cost

Choose MD Direct Trade if you want:

Investing independence

You make all the investment and trading decisions, without the help (or cost) of a dedicated advisor.

An easy-to-use solution

Whether it’s on your desktop or mobile phone, MD Direct Trade simplifies the sign-up and investment process, with features such as automated account opening with e-signatures.

Comprehensive tools and research

With MD Direct Trade you get comprehensive and sophisticated research and trading tools that put informed investing at your fingertips, including:

  • real-time quotes
  • access to personalized watch lists you can monitor
  • recommendation from third-party analysts
  • well-researched, expert and independent reviews of Canadian and U.S. investments, including top picks for growth, value and income stocks
  • technical research
  • "how to" videos and articles

Thanks to our partnership with Qtrade Investor, Canada’s top-ranked online investment and trading platforms, your commissions on equity and exchange-traded fund trading start at the low price of $8.45 per trade. And if you qualify as an "active investor," your equity trading fees drop to $6.45 per trade.*

*To qualify for active investor pricing, you must have placed 150+ trades (excluding free trades) in the preceding calendar quarter.

MDDT Schedule of Fees and Commissions

Learn more about our fees.

An MD Direct Trade account offers many different options (all available in Canadian or U.S. dollars) to suit your investment needs, such as:

  • investment accounts
  • registered education savings plans
  • registered retirement savings plans
  • locked-in retirement accounts
  • life income funds

See the FAQ section for an exhaustive list of the account types available.

Find out more about your account options.

Open an account

Opening an MD Direct Trade account is easy. In just a few steps, you can be up and investing.

1. Sign into My MD. If you don’t have a My MD account, you can sign up.
2. Click MD Direct Trade in the "Total Portfolio" section.
3. Select one of the options and complete the process.

Transferring your existing MD stock assets into the MD Direct Trade account online follows the same process.

It is easy to move your equities.* Visit your secure account at My MD to get started with MD Direct Trade today.

Get started with MD Direct Trade today.


Frequently asked questions


If you are interested in investing in stocks directly and want to do your own research, without advice from an MD Advisor**, then MD Direct Trade may be for you. Its low cost, simple interface, and comprehensive and sophisticated stock and bond research and trading tools make for a powerful combination. It will also appeal to investors who work with an MD Advisor, but want to do some of their own stock trading, without advice.

Qtrade is Canada’s top-ranked online investment and trading service. At MD we are committed to enhancing the financial well-being of physicians, and it’s important that we offer investing services that meet a variety of needs. We know that some physicians prefer to invest independently without the support of a financial advisor, so Qtrade was the natural choice of partner to meet the needs of those clients.

Yes, when opening an MD Direct Trade account, you will be asked to provide the following:

  • Valid identification
    • Upload a scan of, for example, the front and back of your driver’s licence, or your passport showing your signature and picture.
  • Recent financial statement
    • Upload this if you are transferring holdings from an external financial institution.
  • A void cheque in your name
    • Upload a scan of your void cheque so that banking information is on file.
  • Shareholder numbers (for joint accounts)
    • If you are opening a joint cash account or a joint RESP account, you’ll need the shareholder numbers of any other owners.
  • MD account numbers (for transfers)
    • If you are transferring holdings from any existing MD accounts, you’ll need those account numbers.

MD Direct Trade offers many options to suit your investment needs, all of them available in U.S. dollars, including:

Accounts for different types of clients:

  • individual
  • joint
  • non-personal (corporations, associations, trusts, clubs, estates and government, international organizations)

Non-registered accounts

  • cash accounts
  • margin accounts

Registered accounts

  • registered retirement savings plans and spousal retirement savings plans
  • registered education savings plans (individual and family)
  • registered retirement income funds, spousal retirement income funds, locked-in retirement income funds and life income funds
  • locked-in retirement accounts and locked-in retirement savings plans
  • tax-free savings accounts
  • restricted life income funds

Yes, all MD funds (Series D), with the exception of MD Stable Income Fund, are now available on MD Direct Trade, including the MDPIM Emerging Markets Equity Pool.

You can invest in a wide variety of investments, including stocks, non-MD mutual funds, exchange-traded funds, bonds, new issues/initial public offerings and guaranteed investment certificates.

There is no commission if you place your mutual fund trade online. If you place your trade by telephone, mutual fund orders are $45 per trade. Regular mutual fund fees may apply. As well, an early redemption fee will apply if you sell or switch your mutual fund within 90 days of purchase (see the MD Direct Trade schedule of fees and commissions link above).

Talk to an MD Advisor

If you’d like to learn more about MD Direct Trade, call our MD Client Services at 1 800 267-2332 to book an appointment with your MD Advisor.