Robinhood alternatives in Canada

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?

Yes, Robinhood is available in Canada—but only as a crypto trading platform. While Robinhood recently launched crypto trading in Canada, it does not offer access to any stock or ETF trading and is not licensed in Canada to do so. To access Robinhood’s traditional stock trading platform, you’ll need to be a US resident.

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

Finder Score	Stock Trading Fee	Monthly Account Fee	FX Fee	Min. Deposit
Qtrade Direct Investing
9.1 Excellent Qtrade Direct Investing	9.1 Excellent	$0	$0	0.90%	$0	Earn up to $2,000 cashback when you open and fund a new Qtrade account. Valid until August 31, 2026. T&Cs apply.	Go to site View details Compare product selection Compare	loading	Why we like it 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 & cons Pros $0 commissions on equities, mutual funds, ETFs and options Canadian company founded in 1999 30-day Trial Account Cons $100 fee if you close your account in the first year
Questrade
9.6 Excellent Questrade	9.6 Excellent	$0	$0	1.5%	$0	Get $50 cash back when you open a Questrade self-directed investing account through Finder. T&Cs apply.	Go to site View details Compare product selection Compare	loading	Why we like it 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 & cons Pros Beginner-friendly platform Supports fractional share trading Also offers advanced trading tools Canadian brokerage founded in 1999 Cons No futures trading Monthly fee for real-time market data
CIBC Investor's Edge
7.9 Great CIBC Investor's Edge	7.9 Great	$6.95	$0 if conditions met, or $100	0.2%–1.6%	$0	Get 200 free trades for 2 years, using promo code EDGE2026. Valid until September 30, 2026. T&Cs apply.	Go to site View details Compare product selection Compare	loading	Why we like it 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 & cons 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
Moomoo
8.6 Great Moomoo	8.6 Great	$1.49/stock	$0	0%	$0	Get up to 30 free stocks, 6% on uninvested cash, commission-free trades for 30 days and up to $2,300 in cash rewards. Offer ends August 31, 2026. T&Cs apply.	View details Compare product selection Compare	loading	Why we like it 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 & cons 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
Interactive Brokers
9.4 Excellent Interactive Brokers	9.4 Excellent	Min $1.00, Max 0.5%	$0	0.08–0.2 bps trade value, min $1.00–$2.00 USD	$0	View details Compare product selection Compare	loading	Why we like it 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 & cons 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
RBC Direct Investing
8.2 Great RBC Direct Investing	8.2 Great	$6.95 - $9.95	$0	0.10% - 1.60%	$0	View details Compare product selection Compare	loading	Why we like it 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. Pros & cons Pros Free real-time quotes Run by a Big Five bank Pay trade commissions with Avion Points Demo account available Cons Higher fees than some discount brokerages quarterly fee for balances under $15,000 Best suited to RBC customers No dedicated mobile app solely for trading

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How does the Robinhood trading platform work?

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.

Commission-free trades

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.

Margin trading

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 as a crypto trading platform, but the stock trading 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 accepts Canadian residents.

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, users can use Robinhood for crypto trading in the US within the standard US app, and Canadians can trade crypto on the Canadian version of the Robinhood app. 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 for stock trading, but you can use it for crypto trading. The terms and conditions for the stock trading version of the app 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.

Bottom line

While Robinhood is not available for stock trading in Canada, Canadian residents can sign up for its Canadian counterpart for crypto trading. 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

• Which organizations regulate stock trading platforms in Canada?

  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.

• What is Robinhood?

  Founded in 2013, Robinhood is a US-based 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.

• How do I choose a stock trading platform?

  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.

To make sure you get accurate and helpful information, this guide has been edited by Stacie Hurst as part of our fact-checking process.

Written by

Tim Falk

Writer

Tim Falk is a freelance writer for Finder. Over the course of his 20-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

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