The best trading platforms are easy to use, have low or no fees and offer all the features you need to trade confidently. To help you compare options and find the best platform for your needs, we found the 10 best stock trading platforms and apps in Canada.
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We're big on editorial independence. That means our content, reviews and ratings are fair, accurate and trustworthy. We don't let advertisers or partners sway our opinions. Our financial experts put in the hard work, spending hours researching and analyzing hundreds of products based on data-driven methodologies to find the best accounts and providers for you. Explore our editorial guidelines to see how we work.
Questrade
9.1 Excellent
| Stock Trading Fee | $0 |
|---|---|
| Account Fee | $0 |
| FX Fee | 1.5% |
| Min. Deposit | $0 |
| Google Play app reviews | QuestMobile: 4.3/5 stars based on 7,117 reviews Questrade Edge Mobile: 4.0/5 stars based on 2,031 reviews |
| Apple App Store app reviews | QuestMobile: 4.7/5 stars based on 11,082 reviews Questrade Edge Mobile: 3.5/5 stars based on 895 reviews |
Interactive Brokers
8.8 Great
| Stock Trading Fee | Max. 0.5% |
|---|---|
| Account Fee | $0 |
| FX Fee | 0.2 bps trade value, min $2.00 |
| Min. Deposit | $0 |
| Google Play app reviews | IBKR GlobalTrader: 4.1/5 stars based on 1,247 reviews IBKR Mobile: 4.6/5 stars based on 53,404 reviews |
| Apple App Store app reviews | IBKR GlobalTrader: 2.8/5 stars based on 24 reviews IBKR Mobile: 4.5/5 stars based on 4,010 reviews |
CIBC Investor's Edge
| Stock Trading Fee | $0–$6.95 |
|---|---|
| Account Fee | $100 |
| FX Fee | Varies |
| Min. Deposit | $0 |
| Google Play app reviews | 3.5/5 stars based on 5,364 reviews |
| Apple App Store app reviews | 3.7/5 stars based on 7,755 reviews |
Moomoo Financial Canada
7.4 Great
| Stock Trading Fee | $0.99 - $$1.49 |
|---|---|
| Account Fee | $0 |
| FX Fee | 0.09% + USD$2 |
| Min. Deposit | $0 |
| Google Play app reviews | 4.5/5 stars based on 39,591 reviews |
| Apple App Store app reviews | 4.6/5 stars based on 1,970 reviews |
RBC Direct Investing
7.9 Great
| Stock Trading Fee | $9.95 |
|---|---|
| FX Fee | 0.10% - 1.60% |
| Min. Deposit | $0 |
| Google Play app reviews | 2.8/5 stars based on around 45,268 reviews |
| Apple App Store app reviews | 4.7/5 stars based on 209,606 reviews |
Qtrade Direct Investing
7.7 Great
| Stock Trading Fee | $6.95 - $8.75 |
|---|---|
| Account Fee | $0 - $25/quarter |
| Min. Deposit | $0 |
| Google Play app reviews | 3.7/5 stars based on 227 reviews |
| Apple App Store app reviews | 3.4/5 stars based on 261 reviews |
Scotia iTRADE
7.9 Great
| Stock Trading Fee | $4.99–$9.99 |
|---|---|
| Account Fee | $100 |
| FX Fee | Varies |
| Min. Deposit | $0 |
| Google Play app reviews | 3.6/5 stars based on 4,118 reviews |
| Apple App Store app reviews | 4.2/5 stars based on 11,653 reviews |
BMO InvestorLine
7.9 Great
| Stock Trading Fee | $9.95 ($3.95 for active traders) |
|---|---|
| Account Fee | $0 - $100 |
| Min. Deposit | $0 |
| Google Play app reviews | 3.5/5 stars based on 1,089 reviews |
| Apple App Store app reviews | 4.4/5 stars based on 3,012 reviews |
Wealthsimple
7.7 Great
| Stock Trading Fee | $0 |
|---|---|
| Account Fee | $0 |
| FX Fee | 1.50% |
| Min. Deposit | $0 |
| Google Play app reviews | 3.7/5 stars based on 79,457 reviews |
| Apple App Store app reviews | 4.6/5 stars based on 125,774 reviews |
National Bank Direct Brokerage
7.3 Great
| Stock Trading Fee | $0 |
|---|---|
| Account Fee | $100 |
| FX Fee | Varies |
| Min. Deposit | $0 |
| Google Play app reviews | 4.5/5 stars based on 776 reviews |
| Apple App Store app reviews | 4.7/5 stars based on around 2,755 reviews |
Finder’s investments experts reviewed 14+ brokerages available on the market to narrow down the best brokerage accounts and stock trading apps for trading and investing.
We analyzed each platform based on 40 key metrics we collected directly from brokerages and assessed each provider’s performance based on five different categories, weighing each metric based on the expertise and insights of Finder’s investment experts. We then scored and ranked each provider depending on how it performed in each category.
See how we weigh the overall rating
| Investment options | Trading costs, rates and fees | Features and amenities | User experience and support | Regulatory compliance |
|---|---|---|---|---|
30% | 30% | 20% | 10% | 10% |
We update our best picks as products change, disappear or emerge in the market. We also regularly review and revise our selections to ensure our best provider lists reflect the most competitive available.
| Platform | Stock trading fee | ETF transaction fee | Account fee | Minimum deposit |
|---|---|---|---|---|
Questrade | $0 | $0 | $0 | $0 |
Max. 0.5% | Min. $1.00, Max. 0.5% | $0 | $0 | |
RBC Direct Investing | $9.95 | $9.95 ($6.95 if you place 150+ trades per quarter) | $0 | $0 |
$6.95 - $8.75 | $0 - $8.75 | $0 - $25/quarter | $0 | |
$0–$6.95 | $6.95 | $100 | $0 | |
$0.99 - $$1.49 | USD$0.99/stock | $0 | $0 | |
Scotia iTRADE | $4.99–$9.99 | $9.99 ($4.99 if completed 150 trades or more a quarter) | $100 | $0 |
BMO InvestorLine | $9.95 ($3.95 for active traders) | $0 - $9.95 | $0 - $100 | $0 |
Wealthsimple | $0 | Free | $0 | $0 |
National Bank Direct Brokerage | $0 | $0 | $100 | $0 |
Out of the apps we reviewed, the highest-rated stock trading app overall is the National Bank Direct Brokerage app, followed by Moomoo and IBKR Mobile (by Interactive Brokers). These trading apps received the best ratings across both the Apple App store for iOS and the Google Play Store for Android.
Here is a summary of stock trading app ratings in Canada for iPhones and Androids:
Google Play Store | Apple App Store | |
|---|---|---|
Questrade | QuestMobile 7,100+ reviews Questrade Edge Mobile 1,500+ reviews | QuestMobile 11,000+ reviews Questrade Edge Mobile 800+ reviews |
Interactive Brokers | IBKR GlobalTrader 1,200+ reviews IBKR Mobile 53,400+ reviews | IBKR GlobalTrader 20+ reviews IBKR Mobile 4,000+ reviews |
Moomoo | 4.5 – ★★★★★ 39,500+ reviews | 4.6 – ★★★★★ 1,900+ reviews |
RBC Mobile | 2.8 – ★★★★★ 45,200+ reviews | 4.7 – ★★★★★ 209,600+ reviews |
Qtrade | 3.7 – ★★★★★ 200+ reviews | 3.4 – ★★★★★ 200+ reviews |
CIBC Investor’s Edge | 3.5 – ★★★★★ 5,300+ reviews | 3.7 – ★★★★★ 7,700+ reviews |
Scotia iTRADE | 3.6 – ★★★★★ 4,100+ reviews | 4.2 – ★★★★★ 11,600+ reviews |
BMO InvestorLine | 3.5 – ★★★★★ 1,000+ reviews | 4.4 – ★★★★★ 3,000+ reviews |
Wealthsimple | 3.7 – ★★★★★ 79,400+ reviews | 4.6 – ★★★★★ 125,700+ reviews |
National Bank Direct Brokerage | 4.5 – ★★★★★ 700+ reviews | 4.7 – ★★★★★ 2,700+ reviews |
Based on our top picks, the best free stock trading apps that don’t charge a trading fee and come with a $0 account fee are Questrade and Moomoo.
Most stock trading apps are free to download and free to sign up for an account. But there are fees you need to be aware of when you trade.
The most common fee is the brokerage’s commission. While some brokers charge $0 commissions on certain assets, many charge a flat fee per trade. Even if an app advertises fee-free trading, this typically only applies to a limited selection of assets (such as Canadian stocks and ETFs).
There are other fees to be aware of too. Many (but not all) brokerages charge a monthly fee if your account balance doesn’t exceed a minimum limit, while fees and currency conversion costs may apply if you trade foreign stocks and ETFs.
That’s why, even if a brokerage says it offers “$0 commissions” or “no fees,” it’s always important to check the fine print. Compare a range of apps to find the best free stock trading app for you.
"I opened a self directed investing account with Questrade after researching RESP trading accounts. Wealthsimple has an option for a robo account but I wanted to build my own portfolio. I love the interface on desktop and the app is good after you get the hang of it. ETF trades are free which is what I was looking for. The CESG match is automatically deposited into the trading account which is great. You do need to make an initial deposit of $1,000 when opening the account which might not be ideal for everyone."
The trading platforms offered by banks that made our list of the best trading brokerages are CIBC Investor’s Edge, RBC Direct Investing, Scotia iTRADE, BMO InvestorLine and National Bank Direct Brokerage. These banks offer well-rounded trading platforms with competitive features and fee structures.
TD Canada Trust also offers various online stock trading platforms, with its TD Direct Investing platform offering similar features to its Big Bank counterparts and narrowly falling short of a spot on our list of best trading platforms. Notably, TD additionally offers TD Easy Trade, which is its more scaled back, free trading platform.
The best trading platform for options trading is Questrade. Notably, Questrade also offers commission-free trades for stock and ETFs and the lowest overall options trading fees out of all of the trading platforms we researched, at $0 + $0.99 per contract.
Our pick for the best trading platform for beginners is CIBC Investor’s Edge, because it offers a user-friendly platform, educational resources and analysis/research tools to help you get started. As a new investor, you’ll also appreciate having access to analyst reports from CIBC Capital Markets, Thomson Reuters and more to help you decide when it’s best to buy, sell or hold.
The only real difference between online trading platforms and a trading app is the device—online trading is typically done on a computer, while mobile trading is done through an app.
That said, almost all trading platforms in Canada offer the exact same features on both their online platforms and mobile apps, so people tend to use the terms interchangeably.
If being able to manage your portfolio and make trades on the go is a top priority for you, than look for a platform that offers a well-developed mobile app. If you’re an active trader, having a more robust online trading platform will likely be more valuable to you.
Our top pick for the best online brokerage is also our pick for the best overall trading platform—Questrade. It offers a wide range of trading options, including some less-common ones like fractional shares, precious metals, IPOs, mutual funds and forex trading. You can also access a paper trading account to practice different trading strategies with no risk. You can access all of these tools and resources through Questrade’s online brokerage platform and highly-rated mobile app.
The best trading app for you might not be the same for someone else. Whether you’re a beginner or an experienced investor, you have your own unique requirements for a trading app. That’s why it’s important to consider the following factors when comparing your options.
Even the best trading platforms will charge some fees. Some brokerages don’t charge any commissions on Canadian stock and ETF trades, while others charge a flat fee that’s typically $5–$10 per trade. Still others charge a fee based on the number of stocks you buy, for example $0.01 per share.
There are a few other fees that may apply, such as:
The best stock trading apps are easy to use right from the moment you sign up. A user-friendly interface is particularly important if you’re a novice investor, so search for an app that’s simple and intuitive. Reading user reviews is a great way to work out if an app is well designed.
Do you only want to trade Canadian stocks and ETFs, or do you want to invest in US, European, Asian and emerging markets? If you want to trade international stocks, be aware that not all brokerages provide access to foreign stock exchanges. Check the list of exchanges you can access and what fees apply for overseas trading.
Check which securities you can trade from each brokerage’s app. The best trading platforms will give you access to wide-range of trading options, such as:
Find out what sort of research and analysis you can access through the app. For example, you may be able to access in-depth market analysis from the brokerage’s in-house team or a third-party service plus be kept up to date with the latest market news.
Check if the brokerage has a minimum account balance requirement. Some providers don’t have any minimum limits, but others will charge a monthly fee if your balance is less than a specified amount.
If you ever have a problem with a trade or a question about your account, how can you get in touch with your brokerage’s customer support team? Check the contact methods available and the hours during which the support team is available. The best trading platforms will offer some type of online help center with useful resources like chat bots to help you find answers.
Put together a list of any other key features you want in a trading app, such as:
If you’ll also be placing trades through your brokerage’s web-based or desktop platform, check if those platforms are user-friendly and offer all the key features you need. If there’s a free demo account, use it to put a platform through its paces with virtual, rather than real, money.
Make sure you only consider brokerages that are regulated by the Canadian Investment Regulatory Organization (CIRO), and that the funds you deposit will be covered under the Canadian Investor Protection Fund (CIPF).
All of our picks for the best trading apps are members of CIRO and CIPF, meaning if a platform goes under, your money will be protected up to specified amounts. Some providers also offer two-factor authentication and high-level data encryption to keep your account safe.
Beyond your phone’s app store where you can read user reviews, you can also explore customer feedback on sites like the Better Business Bureau and Reddit to find out what investors really think about the platform and what issues they run into. Are they happy with the app? Are there any major problems repeatedly mentioned in reviews? Is there a common theme about how the app could be improved?
"The best trading platforms are the ones that offer a combination of low fees, numerous investment options, a modern trading platform and plentiful resources that help you learn and grow as a trader. But at the end of the day, personal preference matters too."
Unsurprisingly, the most important factor to Canadians when choosing the best trading platform is the platform’s fee and commission structure, according to the recent Finder: Consumer Sentiment Survey January 2025 where 34.97% selected that option.
The next two top priorities for Canadians choosing a trading platform were the range of tradable assets the platform offered (25.07%) and ensuring the platform had a user-friendly interface (23.98%).
Before you download a stock trading app and sign up for an account, make sure you’re aware of the benefits and drawbacks of trading on the platform:
There are many things to consider when choosing a stock trading platform or app to buy and sell stocks and other securities. The right trading platform for you will match your needs, so if on-the-go trading is your number one concern, you’ll probably end up choosing a different app than someone who’s focused on commodity trading.
The key thing to remember is to do your research and compare a range of trading platforms first. Start with our range of trading platform reviews to get an idea of what’s available in Canada and the key features you need to consider.
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