Montreal’s Hardbacon is announcing a new partnership with National Bank Direct Brokerage (NBDB) while offering new users a pretty decent deal when they sign up on the app.
Now Canadians who begin trading on NBDB will receive 20 free trades and pay $4.95 per transaction thereafter. ETF trades will be 100% free.
“This agreement will allow Hardbacon to accelerate its growth while driving down fees in the online brokerage industry in Canada” said Julien Brault, CEO of Hardbacon. “It’s the best of both worlds, combining NBDB’s unparalleled platform and pricing with Hardbacon’s financial decision support engine.”
The deal reduces investors’ transaction costs in Canada. Following the abolition of brokerage fees at the largest US-based online brokers, NBDB is aligning itself with Hardbacon. They want Hardbacon to become the app of choice for the new generation of equity investors.
Furthermore, Hardbacon is offering a free three-month subscription to its portfolio monitoring app for those taking advantage of this offer. The application synchronizes
with the platforms of more than 80 financial institutions.
“Innovation is in our DNA at National Bank Direct Brokerage and partnering with an innovative start-up such as Hardbacon allows us to accelerate our development and better serve the new generation of investors,” said Robert Girard, National Bank Direct Brokerage.
Those interested in taking advantage of the offer should become an NBDB customer and open a new account through hardbacon.ca/national.