Robinhood is a popular US stock trading platform that offers commission-free trades, a highly rated mobile app and a beginner-friendly design. So, if you’re starting out as a new investor, you might be wondering, “Can I use Robinhood in Canada?”
Is Robinhood available in Canada?
Unfortunately, no—Robinhood is not available in Canada. This stock trading platform is designed to be used by US residents only.
But the good news is that there are several Robinhood Canada alternatives available if you’re looking for a user-friendly platform that offers low-cost stock trading. Keep reading to compare six of the best alternatives to Robinhood in Canada.
Robinhood trading platform alternatives in Canada
Questrade
Questrade
9.1
Excellent
Get $50 cash back when you open a self-directed account and fund it with at least $250. Use code FINDER50.
Questrade is a Canadian-owned discount brokerage that, just like Robinhood, offers $0 commission stock and ETF trading. Options trading fees start at $0 + $0.99 per contract, and you can choose from user-friendly desktop and mobile trading platforms. And if you'd like some investing guidance, you also have the option to choose pre-built investment portfolios with competitive management fees.
Pros
Beginner-friendly platform
Supports fractional share trading
Also offers advanced trading tools
Canadian brokerage founded in 1999
Cons
No futures trading
1.4/5 based on 299 Trustpilot reviews
Monthly fee for real-time market data
Signup Offer
Get $50 cash back when you open a self-directed account and fund it with at least $250. Use code FINDER50.
Interactive Brokers is a multi-award-winning trading platform that allows you to trade on over 160 global markets. And unlike Robinhood, which is targeted at beginners, it offers a host of advanced order types and research tools to suit more experienced traders. Interactive Brokers also offers different trading platforms to suit the needs of novices and experienced traders, so it's well worth a look if you want a broker that offers much more than just basic stock trading.
Pros
Access a huge range of global exchanges
Supports a wide range of tradeable assets
Supports over 100 order types
Offers fractional share trading
Cons
Advanced features may be overwhelming for new users
Only one free withdrawal per month
Monthly fee for real-time market data
Trading fees apply
Account Fee
$0
Account Types
RRSP, TFSA, Personal, Joint
Available Asset Types
Stocks, Bonds, Options, Index Funds, ETFs, Forex, Currencies, Futures
Just as Robinhood is a popular trading app in the US, RBC Direct Investing is a popular investing platform in Canada. While it doesn't offer commission-free trading, it does offer access to 18 global markets, lets you trade a huge range of asset types and offers a choice of online, mobile and desktop trading platforms.
Qtrade is a Canadian brokerage with competitive offerings for new investors as well as more experienced traders. It supports a wide range of investment and order types, and it also offers access to analysis and research from sources like TipRanks and Morningstar to help you make informed investment decisions. Qtrade also offers handy charting tools, a stock screener and a user-friendly mobile app.
Pros
Discounts for active and young traders
Commission-free trading on select ETFs
Canadian company founded in 1999
30-day Trial Account
Cons
Lower trading fees available elsewhere
$25 quarterly account fee unless specific conditions are met
$100 fee if you close your account in the first year
Signup Offer
Get $50 upon opening and funding a new account, up to a maximum of $150 for 3 accounts. Use code OFFER2025. Valid until October 31, 2025.
If you prefer to trade on a platform backed by a Big Five bank, CIBC Investor's Edge is worth a look. This Canadian stock trading platform is a popular alternative to Robinhood in Canada, providing online and mobile trading tools for stocks, ETFs, options and many more. You also get access to plenty of research tools and educational resources to help boost your trading knowledge.
Pros
Discounts for active traders, young investors and students
Trade a wide range of assets
No minimum balance requirement
Backed by a Big Five bank
Cons
Discount brokerages offer lower fees
Best suited to CIBC account holders
$100 annual fee if your account balance is $10,000 or less
Signup Offer
Get 100 free online equity trades when you open a CIBC Investor’s Edge account using promo code EDGE100. Valid until September 30, 2025.
Like Robinhood, Moomoo is a discount stock brokerage that offers user-friendly online and mobile trading. It provides access to Canadian and US markets, with real-time Level 2 data available to help you monitor the market and make accurate trading decisions. Moomoo also provides access to over 35 charting tools and Wall Street stock ratings and analysis, so there are plenty of good reasons why it's worth checking out.
Pros
Low fees
Beginner-friendly app
Real-time Level 2 data
Handy demo account
Cons
Only lets you trade Canadian and US securities
No maximum fees
Limited account types available
Signup Offer
Enjoy a 6% cash rebate plus up to $4,600 in trading perks. Offer ends June 30, 2025.
Account Fee
$0
Account Types
RRSP, TFSA, Personal, FHSA
Available Asset Types
Stocks, Options, ETFs
ETF Transaction Cost
USD$0.0099/stock
Option Fee
US stocks and ETFs: USD$0.0099/stock (min. US$1.99 per trade)
Robinhood offers the following features to US residents.
Tradeable assets
Robinhood users can trade stocks, ETFs, options, futures and cryptocurrency. IPO access is also available, along with Level 2 Nasdaq market data. As with platforms like Questrade and Interactive Brokers, Robinhood supports fractional share trading.
One of Robinhood’s main selling points is that it offers users commission-free trading on stocks, ETFs and options. Stock and ETF trading are available 24 hours a day, 5 days a week, while managed investment portfolios are also available through Robinhood Strategies.
24/7 support
If you need help with your account, Robinhood customer support is available via chat 24/7. Users can also contact the support team via phone 7 AM to 9 PM ET, while there’s also an online help centre with answers to a range of FAQs.
Mobile app
The Robinhood app is free to download from Google Play and the App Store. You can use the app to place commission-free stock and ETF trades, buy and sell cryptocurrency, monitor your holdings and contact customer support. As of April 2025, the app has an average rating of 4.3/5 based on over 500,000 Google Play reviews and 4.3/5 based on over 4.5 million App Store reviews.
Users also have the option to increase the cash they have to invest by borrowing money from Robinhood. It offers margin rates starting at 5.75% for up to $50,000.
Other features
Robinhood also offers the following features to users:
The Robinhood Gold premium membership that pays interest on your uninvested cash, matched IRA contributions and more for a monthly subscription fee.
Estate planning, tax advice and international money transfers with Robinhood Banking.
The Robinhood Gold Card, a credit card that offers 3% cash back on spending.
Is Robinhood legal in Canada?
Robinhood is legal in Canada, but the platform is only available to US residents. If you’re a Canadian resident, you’ll need to consider a stock trading platform or app that allows Canadians to sign up for an account and start trading.
Which countries does Robinhood operate in?
According to its terms and conditions, Robinhood is intended for use by US residents only. Access to Robinhood is notably restricted in the following countries:
Belarus
Cuba
Iran
Myanmar
North Korea
Russia
Sudan and South Sudan
Syria
Ukraine
Venezuela
Does Robinhood offer crypto trading?
Yes, you can use Robinhood for crypto trading in the US. You can buy and sell over 20 coins and tokens on the platform, including popular cryptos like bitcoin, Ethereum, XRP and Dogecoin.
Robinhood also offers advanced charts and trading tools, cold (offline) storage for most of the crypto assets it supports and 24/7 customer support.
Unfortunately, you can’t access Robinhood crypto trading as a Canadian resident. Check out our guide to the 12 best crypto exchanges in Canada to start comparing crypto trading platforms and find the right exchange for your needs.
Can you use Robinhood in Canada?
If you’re a Canadian resident, you can’t use Robinhood. The platform’s terms and conditions state that it is intended for use by United States residents only.
However, if you’re a US resident visiting Canada, you’ll be able to access your Robinhood account while in Canada. Access to Robinhood is not restricted in Canada.
What is the best Robinhood alternative in Canada?
There’s no single trading platform that is the undisputed “best” choice for everyone. The best Robinhood alternative in Canada for you depends on factors like what and where you want to trade, how often you trade and whether you’re a beginner or experienced investor. It’s all down to your trading needs, so it’s important to know exactly what you want before shopping around to find a suitable platform.
Some of the best alternatives available in Canada include Interactive Brokers and Moomoo. Interactive Brokers shines for its wide range of tradeable assets and access to global markets, along with its myriad of tools to suit advanced traders. Moomoo is worth a look if you’re in the market for a platform with competitive fees, real-time data and advanced trading tools.
Ultimately, you’ll need to compare a range of stock trading platforms and apps to find the best fit for you.
Robinhood is not available in Canada for Canadian residents. However, there are several other user-friendly platforms that offer low-fee or commission-free stock and ETF trading, so compare your options to find the best Robinhood alternatives for your trading needs.
Frequently asked questions about Robinhood
The Canadian Investment Regulatory Organization (CIRO) is the body that regulates stock trading platforms in Canada. This organization is tasked with overseeing investment dealers, mutual fund dealers and trading activity on debt and equity marketplaces in Canada.
Founded in 2013, Robinhood is a US trading platform that offers zero commissions on stock, option and ETF trades. Its low fees and range of trading options have made the platform popular among traders. However, it's not available to Canadian residents.
You'll want to consider things like your experience, goals and budget. Certain platforms are better suited for beginners, whereas other platforms are designed for experts. Some platforms support lots of different assets and offer various account types, while others are more limited. You may prefer a platform that is more user friendly or one that has extensive research tools. Cost is also a major factor, because commissions and fees vary across brokerages—even discount brokerages.
Another factor could be the type of provider. You might want to have all your money (investments and savings) within your bank, or you might want to use a more affordable digital investment platform.
If you keep these points in mind and do your research, you'll be able to find a trading platform that suits your needs. Learn more in our guide to stock trading in Canada.
Was this content helpful to you?
Thank you for your feedback!
To make sure you get accurate and helpful information, this guide has been edited by Stacie Hurst as part of our fact-checking process.
Tim Falk is a freelance writer for Finder. Over the course of his 15-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he’s not staring at his computer, you can usually find him exploring the great outdoors. See full bio
Tim's expertise
Tim has written 451 Finder guides across topics including:
Questrade is a leader among Canadian discount brokerages, but is it right for you? Compare fees, features and alternatives here.
Advertiser disclosure
Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
