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Stock Trading Fee
Account Fee
Min. Deposit
Available Asset Types
Stocks, ETFs
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Invest as little as $0 to buy fractional shares in popular US companies with Flahmingo. Join the waitlist to get started.

Enjoy commission-free trades, fractional shares and no minimum investment.

In this guide

  • Review
  • Your reviews
Please note: All information about Flahmingo has been collected independently by Finder and this product is not available through this site.

Flahmingo is a mobile-first trading app that lets you buy fractional shares in high performing US companies. You won’t pay commission fees and you can get started with as little as $0. Our Flahmingo review gives you the pros and cons of the platform before you sign up to get on the waitlist.

Quick take

  • Choose Flahmingo if you want to trade US securities and you’d like to track your portfolio performance in various sectors.
  • Choose something else if you want to trade more than just stocks and ETFs, you want to trade of US stocks, or if you want to start trading immediately (Flahmingo is still taking a waitlist).

What is Flahmingo?

Flahmingo is a mobile trading app that is centered around diversification through fractional shares. It lets you build up to 10 separate portfolios called pies. These pies are made up of slices, which consist of company shares or exchange-traded funds (ETFs). Each pie can hold up to 100 slices – or 100 different stocks and ETFs.

For example, you might create a “tech” pie and invest in 3 different stocks. In that pie, you could have fractional shares in Apple, Google and Amazon. You would just need to indicate what percentage of your pie you want to go to each share to allocate your funds.

Who is Flahmingo best for?

Flahmingo is best for beginner investors who want to buy fractional shares in US securities on a mobile-only platform. It could be a good choice for you if you’d like to save money on commissions, you want to reduce your currency conversion fees and you want to be prompted to diversify your holdings.

What features does Flahmingo offer?

Flahmingo is not yet available for use, but you can sign up for the waitlist. It comes with the following features:
  • US securities only. Invest in over 2,200 US securities, but be aware that Canadian securities aren’t available.
  • No commissions. Pay zero commissions to trade equities and ETFs.
  • Fractional shares. Buy into high priced and high performing US companies, even if you can’t afford the whole share.
  • Sector-specific portfolios. Build portfolios based on your own interests – invest in anything from fashion and tech to green energy and fast cars.
  • No minimum balance. Open an account and start investing with as little as $0.
  • Scheduled deposits. Set up recurring deposits to build up your various portfolios.

How easy is it to use Flahmingo?

It’s very easy to use the Flahmingo app due to its simple mobile interface and easy-to-build portfolios. Once you get through the waitlist, you can sign up for an account and load in as little as $0 to start buying stocks. Set up auto deposits and track your progress from there. You can also learn more about the stock market with Flahmingo Central, an in-app education hub.

Flahmingo app

Flahmingo doesn’t currently have its investment app available in the Apple Store or Google Play. This should be released soon, but there’s no official launch date posted at this time.

There is a news and referral app which has a 3.8 rating in the Apple Store. You can use this app to refer friends, read investment news and get the latest updates about Flahmingo.

Flahmingo fees

You won’t pay monthly fees or commissions to trade ETFs and stocks with Flahmingo. This is unique in a market where the standard buy/sell price for investments is between $4 and $10 per trade. You will need to budget for foreign exchange fees for US stocks and ETFs, however this will be a one-time forex fee since you are able to hold USD in your account.

The only other commission-free platform in Canada is Wealthsimple (though MogoTrade is also in development).

Flahmingo pros and cons


  • Free platform. You won’t pay account fees and it’s free to buy/sell stocks and ETFs.
  • Customized tracking. You can build custom portfolios and track them by sector by creating different pies in the app.
  • No ongoing conversion fees. Pay a one-time foreign exchange fee on your Canadian deposits to buy US stocks with no currency conversion fees.
  • Learning resources. Learn about investing with a wealth of video content housed in the Flahmingo Central in-app library.
  • Friend referrals.


  • US securities only. You won’t be able to trade Canadian stocks at this time but you can pick from over 2,200 US securities.
  • TFSAs only. You can only hold your investments in TFSAs for now (with other account types in development).
  • Some clients are waitlisted. You’ll have to go on a waitlist until the stock trading function becomes available.
  • Still in the rollout phase. The trading app isn’t available in the Apple Store or on Google Play yet.

Is Flahmingo legitimate?

Flahmingo is a legitimate trading platform operating out of Calgary. It isn’t currently registered with the Investment Industry Regulatory Organization of Canada (IIROC).

Instead, securities in Flahmingo accounts are insured for up to $500,000 by the Securities Investor Protection Corporation (a US regulator), and for up to $100,000 by the Canada Deposit Insurance Corporation (CDIC).

How do I sign up?

If you meet all the eligibility criteria and are ready to start investing with Flahmingo, follow the steps below:

  1. Visit the Flahmingo website and enter your email to join the waitlist.
  2. Flahmingo will send you an email with your own custom referral link.
  3. Download the Flahmingo referral app on the Apple Store (not currently available with Android). The launch date for the trading app is not yet announced.
  4. Once you get an invite to start trading, create an account and fill out personal information and banking details as required.
  5. Get verified and load funds into your account to start trading.

How do I contact Flahmingo support?

There’s no phone number you can call to get support with Flahmingo at the moment. However, you can reach out to an agent on live chat by visiting the company’s website.

Bottom line

  • Use Flahmingo if you want to trade ETFs and fractional shares in US companies, without paying commissions.
  • Flahmingo offers sector-specific portfolio building software but it only lets you hold investments in TFSAs. You can get started with as little as $1.
  • Choose something else if you’re interested in more complex investments like options or futures, or if you’re not willing to wait for access to trading.

Frequently asked questions

This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, 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 CFDs and 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. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.

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