Laurentian Bank Securities (LBS) offers individual investors a specialized discount brokerage platform known as LBS Online. This service is designed for self-directed Canadians who prefer to manage their own investment portfolios—including stocks, bonds, ETFs, and options—without the higher costs associated with full-service advisory. It serves as a professional gateway for retail investors to access North American capital markets while maintaining independence over their financial strategy.
The platform supports a comprehensive suite of account types, including Registered Retirement Savings Plans (RRSPs), Tax-Free Savings Accounts (TFSAs), and standard non-registered accounts. By integrating with the broader Laurentian Bank financial ecosystem, the discount brokerage provides a streamlined experience for capital growth, offering a secure digital interface backed by the institutional expertise of one of Canada's longest-standing financial institutions.
| Category | Details |
|---|---|
| Platform Name | LBS Online (Laurentian Bank Securities) |
| Tradable Assets | Stocks, ETFs, Options, Mutual Funds, Fixed Income |
| Account Types | TFSA, RRSP, RRIF, RESP, Non-registered |
| Regulatory Body | CIRO (Canadian Investment Regulatory Organization) |
| Protection | Member of the Canadian Investor Protection Fund (CIPF) |
Step-by-Step Guide: Accessing Your Brokerage Account
To securely access your LBS Online discount brokerage account and begin trading, follow this exact sequence of actions:
- Navigate to the official Laurentian Bank Securities website (lbis.ca).
- Click on the Client Access or LBS Online button located in the top navigation menu.
- On the secure login page, enter your 10-digit User ID.
- Enter your unique Password in the designated field.
- Complete the Multi-Factor Authentication (MFA) by entering the security code sent to your registered mobile device or email.
- Review the Dashboard to view your account balances and market watchlists before placing a trade.
Pro-Tip: Utilize the "Research and Tools" section within LBS Online to access institutional-grade analyst reports. Even as a self-directed investor, these insights can help you identify market trends and technical indicators before you execute a Market Order or Limit Order.
Troubleshooting Common Access Issues
Individual traders occasionally face technical hurdles when navigating brokerage platforms. Review these three common solutions:
- MFA Short-Code Delays: If the verification code does not arrive via SMS, check that your carrier allows Short-Code Messages. Alternatively, wait two minutes and select the "Resend via Email" option to bypass cellular network congestion.
- Browser Compatibility Errors: High-security trading platforms perform best on the latest versions of Chrome or Edge. If the trading ticket fails to load, clear your Browser Cache or try an Incognito Window to establish a fresh server connection.
- Locked User ID: For your protection, entering an incorrect password three times will result in a Locked ID. To restore access, use the "Forgot Password" link or contact the LBS Technical Support Desk directly to verify your identity.
Efficiency Hack: Faster Account Funding
One way to make the investment process faster and safer is to link your Laurentian Bank Chequing Account directly to your LBS Online profile. By setting up an Internal Transfer (EFT), you can move funds between your bank account and your brokerage account instantly during business hours, allowing you to capitalize on market opportunities the moment they arise without waiting for standard 3-day bill payment clearing times.
Frequently Asked Questions
Are my investments at Laurentian Bank Securities covered by CDIC?
No. While bank deposits are covered by CDIC, brokerage accounts are protected by the Canadian Investor Protection Fund (CIPF). This provides coverage for your account in the unlikely event of the firm's insolvency, within specified limits.
What are the commissions for stock trades on LBS Online?
Laurentian Bank Securities offers a Competitive Commission Structure. Standard equity trades typically carry a flat fee per transaction, though active traders may qualify for discounted rates based on quarterly volume.
Can I trade on US exchanges through the discount brokerage?
Yes. LBS Online provides full access to the NYSE, NASDAQ, and other major US exchanges. Note that you may be required to complete a W-8BEN form to ensure proper tax withholding on US dividends.
