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Best stock trading apps and platforms in Canada

Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

Best stock trading apps & platforms

Wealthsimple Trade
Finder Rating: ★★★★★ 3.9 / 5 Go to site Read review

Wealthsimple Trade

$0
Stock Trading Fee
$0
Account Fee
$0
Minimum Deposit
  • Get 2 free stocks when you deposit and trade $150.
  • No annual fees, no commissions on trades
  • Unlimited trades
  • Limits on types of securities you can trade, mostly stocks and ETFs
  • Quotes are subject to a delay
This is a good stock trading app for beginners who want a low-cost option for buying stocks and standard securities like ETFs. In fact, it is one of the lowest-cost trading options available to Canadians. The app offers educational resources and tools, with items like savings calculators, articles and Investor Masterclass videos to teach you the basics. Get 2 free stocks when you deposit and trade $150..
Google Play Store rating: 4.1 stars
Apple App Store rating:
4.7 stars
Asset Types Stocks
ETFs
Minimum Age 18
Stock Trading Fee $0
Option Trading Fee N/A
Account Fee $0
Inactivity Fee $0
ETF Transaction Cost Free
CIBC Investor's Edge
Finder Rating: ★★★★★ 4 / 5 Go to site Read review

CIBC Investor's Edge

$4.95 - $6.95
Stock Trading Fee
$100
Account Fee
$0
Minimum Deposit
  • Student discounts available
  • Free daily market report email with advice and investment ideas
  • You need to make a lot of trades each month to qualify for lower commissions
  • Annual fee if you don't carry a minimum balance in your account
The third member of Canada's big banks we look at, it offers lower trading fees than BMO and Scotiabank. CIBC Mobile Wealth offers access to a wide variety of investment and trading account options, as well as third-party research and screening tools.
Google Play Store rating: 3.2 stars
Apple App Store rating:
3.3 stars
Asset Types Stocks
Bonds
Options
Mutual Funds
ETFs
Minimum Age 18
Stock Trading Fee $4.95 - $6.95
Option Trading Fee $4.95 - $6.95 (+$1.25 per contract)
Account Fee $0 if conditions met, otherwise $100/year
ETF Transaction Cost $6.95
Interactive Brokers
Finder Rating: ★★★★★ 4.1 / 5 Go to site Read review

Interactive Brokers

Max. 0.5%
Stock Trading Fee
$0
Account Fee
$0
Minimum Deposit
  • Detailed educational section, with webinars, videos and even a Traders' Academy
  • Offers access to stock markets in 33 different countries and 68 different order types, including stocks, options, currencies and bonds
  • Might be too complicated for beginner investors
  • High minimum account balance
This app is great if you are an experienced investor looking for reams of information and fancy analytical tools to help you make your trades. In short, it is well suited to those with plenty of experience in online trading and with plenty of money to trade. You may want to look elsewhere if you are a beginner investor.
Google Play Store rating: 3.5 stars
Apple App Store rating:
3.7 stars
Asset Types Stocks
Bonds
Options
ETFs
Currencies
Futures
Minimum Age 18
Stock Trading Fee Min. $1.00, Max. 0.5%
Option Trading Fee $1.50 min. per order
Account Fee $0
ETF Transaction Cost Min. $1.00, Max. 0.5%
Questrade
Finder Rating: ★★★★★ 4.2 / 5 Go to site Read review

Questrade

$4.95-$9.95
Stock Trading Fee
$0
Account Fee
$1,000
Minimum Deposit
  • Get $50 in free trades when you fund your account with a minimum of $1,000.
  • Low fees
  • Ability to trade various types of securities.
  • High minimum account balance
  • Customer complaints about mobile app
Questrade is one of the cheapest places to buy and sell securities online in Canada. Compared with Wealthsimple, it offers a much larger selection of securities you can trade, including options, foreign currencies and commodity futures. Get $50 in free trades when you fund your account with a minimum of $1,000.. Questrade does not charge an annual fee and you don't pay any commissions when you buy ETFs. Other trading fees range between $4.95 and $9.95. Questrade offers both a web platform and a mobile application. The latter has not been well received by users, judging by the ratings it has received in app stores. Users complained about prices quoted on it lagging actual markets and long loading times.
Asset Types Stocks
Bonds
Options
Mutual Funds
ETFs
GICs
International Equities
Precious Metals
Minimum Age 18
Stock Trading Fee $4.95 - $9.95
Option Trading Fee $9.95 + $1 per contract
Account Fee $0
Inactivity Fee Free
ETF Transaction Cost Free

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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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.

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