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Best stock trading apps and platforms in Canada

Best stock trading apps & platforms

Wealthsimple

Get $25 when you open a Wealthsimple account and fund at least $150.

Finder rating: 3.9 / 5 ★★★★★

  • Go with this platform if you want to Get $25 when you open a Wealthsimple account and fund at least $150..
  • 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 with this platform if you are an experienced investor and want reams of information and fancy analytical tools to help you trade.
  • Look elsewhere if you are a new investor.

CIBC Investor's Edge

Get 100 free online stock or ETF trades and up to $3,000 cash back. Plus, young investors 18 to 24 can get free online trades and a $0 annual account fee. Conditions apply.

Finder rating: 4 / 5 ★★★★★

  • Go with this platform if you want to be able to trade a variety of securities and are less concerned about trading commissions.
  • 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 with this platform if you want low fees and the ability to trade various types of securities.
  • 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

1 - 5 of 5
Name Product Finder Rating Stock Trading Fee Account Fee Available Asset Types Offer
Interactive Brokers
Finder Rating:
★★★★★
4.1 / 5
min $1.00, max 0.5%
$0
Stocks, Bonds, Options, ETFs, Currencies, Futures
FREE TRADES
National Bank Direct Brokerage
Finder Rating:
★★★★★
4.1 / 5
$0
$0 if conditions met, or $100
Stocks, Bonds, Options, Mutual Funds, GICs
$0 commission on all transactions for Finder investors.
FREE TRADES
Wealthsimple
Finder Rating:
★★★★★
3.9 / 5
$0
$0
Stocks, ETFs
Get $25 when you open a Wealthsimple account and fund at least $150.
Scotia iTRADE
Finder Rating:
★★★★★
3.8 / 5
$4.99–$9.99
$0
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities
BMO InvestorLine
Finder Rating:
★★★★★
3.9 / 5
$9.95
$0 if conditions met, otherwise $25/quarter
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
Buy and sell a select group of Canada’s most popular ETFs without paying commissions.
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Compare up to 4 providers

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.

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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