Market data costs in Canada: what you actually pay
A charting subscription and a market data subscription are two different bills. Many platforms bundle a little free data, usually delayed or limited to one US source, and charge extra for live quotes from each exchange. For Canadians the gap is wider, because most US platforms don't carry TSX data at all.
Real-time or delayed?
Delayed quotes often lag the market by around 15 minutes. That's fine for end-of-day analysis or long-term investing. It isn't fine if you place intraday orders, set tight price alerts or watch the open. Before paying for live data, list which of your habits really need it. Many people find that only one exchange does. Swing traders who plan their trades after the close can often skip live data entirely and put the savings toward a better plan.
Canadian exchange data
Among the six platforms we tested, StockCharts was the only one with an official real-time TSX and TSX-V add-on. It costs $9.95/mo, is billed monthly and is non-refundable. Without it, the StockCharts free level shows delayed data for exchanges outside the US. TC2000's pricing lists real-time US exchanges only and doesn't mention the TSX or TSX-V. Finviz covers NASDAQ, NYSE and AMEX and nothing else. If your broker already shows live TSX quotes, delayed charts elsewhere can still work for planning trades.
US stock and options data
US data is easier to find, but the extras add up. TC2000's pricing lists real-time US exchange data (NYSE, Amex and Nasdaq via Nasdaq Basic) and then sells add-ons: $9.99/mo for real-time US options, $9.99/mo for real-time US indexes and $14.99/mo for the consolidated tape. The StockCharts free level includes BATS real-time US data, and its US NYSE/NASDAQ real-time plan costs $9.95/mo. Finviz Elite folds real-time quotes plus premarket and after-hours data into its single price of US$39.50/mo or US$299.50/yr.
When the data comes from your broker
Some desktop platforms don't include market data at all. MotiveWave is one: you connect a broker or data feed, and that provider bills you for the data. MotiveWave lists 30+ connections, including Interactive Brokers; Questrade and TSX data aren't on its connections page. cTrader works through partner brokers, who supply prices along with their spreads and commissions. Ask the broker what its data costs before you compare platform prices.
How to avoid paying twice
- List the exchanges you trade and buy live data only for those.
- If your broker already streams real-time quotes in its own app, delayed data in your charting tool may be enough for analysis.
- Pause data add-ons in months you aren't trading. StockCharts bills its data plans monthly, which makes this easy.
- Answer the professional or non-professional questions carefully at sign-up. Exchanges usually charge professional subscribers far more.
- Check for duplicates after any upgrade. A new plan sometimes includes a feed you were already paying for separately.
Two sample budgets
A Canadian who trades TSX stocks and checks US options now and then might combine StockCharts Extra with Canada Real-Time: $29.95 plus $9.95, or $39.90/mo, for charts and live Canadian data. Options quotes can come from the broker's own app.
A US-focused options trader on TC2000 Premium with live options data pays $49.99 plus $9.99, or $59.98/mo. Annual billing lowers the plan part of that bill, since TC2000 gives two months free on yearly plans.
Confirm the currency on every checkout page. Most of these vendors show a dollar sign without a currency code, and a US-dollar charge will cost more on a Canadian card. For a broader comparison of plans, see our platform rankings or the guide to choosing a charting platform.
Risk warning. Trading stocks, options, futures, forex or crypto carries a high risk of losing money, and leveraged products can cost you more than you deposit. TickerBench reviews software only. Nothing on this site is investment advice or a recommendation to buy or sell anything, so consider speaking with a registered adviser before you trade.