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The best stock trading apps and platforms in Canada
We've analyzed the apps and fees of major stock trading platforms so you can quickly see the stand-outs.
Compare online stock trading platforms
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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.
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
Bottom line
The best stock trading app depends on what kind of investor you are. Be sure to compare fees. But also look at what other resources and features an app offers and how its cost structure matches up with your own trading needs.
Frequently asked questions
It really depends what your needs are. Some apps focus on simple trades like ETFs and individual stocks at little or no cost. Others let you buy more complex securities and offer tools that help you analyze your investments, but cost more. Once you determine what features are important to you, you can choose the best stock trading app for you.
This depends on who you are, what you are looking for, and how new you are to trading. That said, Wealthsimple is a great platform for beginners because it is easy to navigate, does not charge a trading fee, and offers a variety of educational tools for novice traders. Plus, if you have questions, you can get in touch through phone, chat or email.
Again, it depends on what kind of investor you are. All of Canada’s so-called Big Six banks offer trading platforms, though some like TD Bank don’t offer a dedicated app for it.
Yes. But this is definitely not for the faint of heart or for inexperienced investors. Day traders buy and sell stocks on the same day. It can be lucrative, but also extremely risky. You should also consult with a professional about the tax implications in Canada of money earned from day trading.
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.
Emma Balmforth is a producer at Finder. She is passionate about helping people make financial decisions that will benefit them now and in the future. She has written for a variety of publications including World Nomads, Trek Effect and Uncharted. Emma has a degree in Business and Psychology from the University of Waterloo. She enjoys backpacking, reading and taking long hikes and road trips with her adventurous dog. See full bio
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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.com 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.com 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.
