Which brokerage account in Canada allows Automatic Investing in Vanguard Index fund

1247 Views 5 Replies 4 Participants Last post by depassp, Jan 9, 2021

hh2000

Discussion Starter · Jan 6, 2021

Hello,
I recently shifted to Canada from U.S and wanted to setup Automatic Investing into Vanguard S & P 500 Index fund. However I am not aware which Brokerage account allows me to setup 'Automatic Investing' (or SIP) specifically in Vanguard S &P 500 Index fund.

From Vanguard Canada this is the list but not sure which one is relevant to what I would like to do. Questrade doesn't do SIP

as far as I know.

Online brokerage account:
If you're a do-it-yourself investor, you can buy Vanguard ETFs during normal trading hours through an online brokerage.
To buy Vanguard mutual funds, check with your online brokerage firm for availability.
Online brokerages

BMO investorLine
Canadian ShareOwner (Wealthsimple)
CIBC Investor's Edge
Desjardins Online Brokerage
HSBC InvestDirect
Interactive Brokers
Laurentian Bank Discount Brokerage

National Bank Direct Brokerage
Qtrade Investor
Questrade
RBC Direct Investing
Scotia iTrade
TD Direct Investing
Virtual Brokers

Any help on which Brokerage account will allow the Automatic Investing would be much appreciated.

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dotnet_nerd

· #2 · Jan 6, 2021

Not sure if any of them will do that.

But I use Questrade. I think they're excellent. Good customer service and they offer commish-free ETF purchases.

You can contribute to your account automatically from your bank each month by setting up recurring Bill Pay.

All that's left is to login and do a Buy order, it's pretty simple.

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