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Best stock trading apps and platforms in Canada

Best stock trading apps & platforms

Wealthsimple Trade

Get 2 free stocks when you deposit and trade $150.

Finder rating: 3.9 / 5 ★★★★★

Go to site
on Wealthsimple's secure website
Pros
  • Go with this platform if you want to Get 2 free stocks when you deposit and trade $150..
Cons
  • Look elsewhere if you want to trade more complex securities like options or if you want to hold USD in your account.

Interactive Brokers

Finder rating: 4.1 / 5 ★★★★★

Go to site
on Interactive Brokers's secure website
Pros
  • Go with this platform if you are an experienced investor and want reams of information and fancy analytical tools to help you trade.
Cons
  • Look elsewhere if you are a new investor.

CIBC Investor's Edge

Get up to $2,000 cash back. Ends March 1, 2022.

Finder rating: 4 / 5 ★★★★★

Go to site
on CIBC's secure website
Pros
  • Go with this platform if you want to be able to trade a variety of securities and are less concerned about trading commissions.
Cons
  • Look elsewhere if you want low fees.

Questrade

Get $50 in free trades when you fund your account with a minimum of $1,000.

Finder rating: 4.2 / 5 ★★★★★

Go to site
on Questrade's secure website
Pros
  • Go with this platform if you want low fees and the ability to trade various types of securities.
Cons
  • Look elsewhere if you want low fees but you aren't ready to start buying anything other than stocks and ETFs.

How we chose the best stock trading apps in Canada

We’ve chosen the apps on this page based on an independent set of criteria. None of these picks are sponsored – we also take into account providers that we aren’t partnered with – so that our selections are chosen without bias.
We take these factors into account when choosing our top picks:

  • Mobile app ranking across app stores.
  • Fees and commissions.
  • Types of securities available.
  • Types of trades supported.
  • Additional notable features offered such as research tools, educational resources, practice accounts, etc.

No single stock trading app will be the best choice for everyone, so compare your options before picking an online brokerage.

Compare stock trading platforms

Name Product Finder Rating Stock Trading Fee Account Fee Available Asset Types Feature Table description
FREE TRADES
Wealthsimple Trade
Finder Rating:
★★★★★
3.9 / 5
$0
$0
Stocks, ETFs
Get 2 free stocks (total value up to $9,000) when you deposit and trade $150.
Pay no commissions when you trade Canadian stocks and ETFs with Wealthsimple Trade.
Interactive Brokers
Finder Rating:
★★★★★
4.1 / 5
Min. $1.00, Max. 0.5%
$0
Stocks, Bonds, Options, ETFs, Currencies, Futures
Extensive trading capabilities and global investment tracking.
Access market data 24 hours a day, six days a week and invest in global stocks, options, futures, currencies, bonds and funds from one single account.
OFFER
CIBC Investor's Edge
Finder Rating:
★★★★★
4 / 5
$4.95 - $6.95
$0 if conditions met, otherwise $100/year
Stocks, Bonds, Options, Mutual Funds, ETFs
Get up to $2,000 cash back. Conditions apply. Offer ends March 1, 2022.
An intuitive and easy-to-use platform with access to a variety of tools that help you make smart decisions and trade with confidence.
OFFER
Questrade
Finder Rating:
★★★★★
4.2 / 5
$4.95 - $9.95
$0
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals
Get $50 in free trades when you fund your account with a minimum of $1,000.
Opt for self-directed investing and save on fees or get a pre-built portfolio and take some of the guesswork out.
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How to find the best stock trading app for you

Before signing up for a stock trading app, consider these factors:

  • Fees. Beyond commissions per trade, look into account minimums, transfer fees and varying costs to trade more complex securities.
  • Available securities. Some platforms offer a wide range of securities, while others specialize in only one or two.
  • Research tools. Beginners may want an app with educational resources, while active traders will need robust analytics tools.
  • Mobile support. Apps typically aren’t as robust as some desktop versions of the same platform. (Note: Not all apps also offer a corresponding desktop trading platform.) Check feedback in Google Play and the App Store.
  • Customer feedback. Explore customer feedback in places like the Better Business Bureau and Reddit to find out what investors really think about the platform.

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