Banque Nationale Courtage Direct

National Bank Direct Brokerage (NBDB), known in French as Banque Nationale Courtage direct (BNCD), is a prominent Canadian discount brokerage firm. It is a division of National Bank Financial Inc., which is an indirect wholly-owned subsidiary of the National Bank of Canada. Established in 1987, NBDB was a pioneer in the direct brokerage industry in Canada. Its mission is to empower self-directed investors by providing them with the tools, resources, and platforms needed to manage their own investment portfolios. The firm offers a comprehensive suite of products, including stocks, ETFs, options, mutual funds, and fixed-income securities, with a notable feature of offering zero-commission trading on all Canadian and U.S. stocks and ETFs.