Whether you choose a broker or invest in a bank, both of them can be crucial. Usually, the initial investors prefer banks and when they want more flexibility they invest in a broker to do all the middle work.
Banks are a safe option for any novice investors. Banks are considered safer than the brokers. But at the end it is the choice of the investor, whether he wants investment through a bank or a broker
While some investors have no clue about the non-financial intermediaries, hence they choose a bank. To make the task easier, here are the differences between banks and brokers.
Differences between Banks and Brokers for Investing
Though the services offered by banks and broker firms are more or less the same. The major difference is in the client base and the structure of services. It means that both of them have kind of similar service quality. But here are the differences:
Investment with a Bank or Broker
Hence, broker firms are a better option than banks for doing any kind of investments. If you have a broker firm in Canada through which you do trade, then comment down their names.