It’s cheaper and easier than ever before to buy stocks online in Canada. And if you’re ready to start investing, choosing the best online trading platform for your needs is crucial.
But with so many options to choose from, which is the best online trading platform in Canada? Keep reading for our top picks.
What is an online broker?
An online broker is a platform where you can buy and sell investments. You can use an online broker to trade stocks, ETFs, mutual funds, bonds and more over the internet.
Brokers give traders access to financial markets in Canada and around the world, like the Toronto Stock Exchange and the New York Stock Exchange. They also provide tools you can use to research trades, choose investments and track your portfolio.
And in return, brokers charge trading commissions as well as other fees.
The best online trading platforms in Canada
Keep reading for our top picks of the best online trading platforms in Canada.
Best platform to buy Canadian stocks online: Wealthsimple
Why trust Finder
14+ online brokers reviewed and rated by our team of experts
Evaluated under our unbiased rating system covering five categories
We're big on editorial independence. That means our content, reviews and ratings are fair, accurate and trustworthy. We don't let advertisers or partners sway our opinions. Our financial experts put in the hard work, spending hours researching and analyzing hundreds of products based on data-driven methodologies to find the best accounts and providers for you. Explore our editorial guidelines to see how we work.
Best overall online trading platform: Questrade
Questrade
9.1
Excellent
Get free contracts, no commissions and a 30 day free trial of Questrade Plus. Use offer code FREEOPTIONS. T&Cs apply.
Questrade is our top pick as the overall best online trading platform for most people — and for several reasons. Its biggest selling point is of course zero-commission trading of stocks and ETFs, so you don't need to worry about brokerage fees eating into your investments. But Questrade also provides access to a wide range of other assets, supports fractional shares, and offers a wide range of research tools to help you choose the right investments. And with a choice of trading platforms designed for beginners as well as active traders, Questrade offers a comprehensive solution to suit most people.
Pros
Choice of user-friendly trading platforms available
Commission-free trading
Trade US markets and a wide range of assets
100% Canadian owned online trading platform
Cons
High investment minimum for bonds and GICs
No futures trading
1.5/5 stars based on 300+ Trustpilot reviews
Signup Offer
Get free contracts, no commissions and a 30 day free trial of Questrade Plus. Use the offer code FREEOPTIONS.
Questrade Trading is the broker’s main web-based trading platform. Designed for use with any web browser, it offers a user-friendly interface for buying and selling stocks and ETFs, checking account balances and monitoring your portfolio. It also provides access to real-time data, the latest market news and customizable watchlists.
Questrade’s advanced trading platform, Questrade Edge, is also available in a web-based version for experienced investors. It features a customizable trading interface, advanced order types and access to market research and analysis from providers like Morningstar and TipRanks.
Best for low-cost online trading: Interactive Brokers
Interactive Brokers combines a feature-packed online trading platform with competitive commissions across a wide range of assets. You can also trade across 160 global markets and access stocks, ETFs, options, futures, currencies and bonds. And with a choice of desktop and mobile trading platforms to suit beginners as well as experienced traders, there are lots of good reasons why Interactive Brokers is a top choice for Canadian investors.
Pros
Trade a huge range of investments on global markets
Platforms for beginners and advanced users
Supports over 100 order types
Competitive pricing across the board
Cons
You can't trade stocks commission-free
Only 1 free withdrawal per month
Some features overwhelming for beginners
Monthly Account Fee
$0
Account Types
RRSP, TFSA, Personal, Joint
Available Asset Types
Stocks, Bonds, Options, Index Funds, ETFs, Forex, Currencies, Futures
Interactive Brokers’ Client Portal is a web platform that offers everything you need to place trades and manage your account. You can place quick trades and easily check your portfolio, but the platform also offers more advanced features like customizable charts and detailed quotes. You can also use the Client Portal to trade the vast majority of assets that Interactive Brokers provides access to.
Best beginner account for online trading: CIBC Investor’s Edge
CIBC Investor's Edge
7.6
Great
Get 100 free online stock and ETF trades when you open a new account & get up to $15,000 in cashback when you transfer funds from outside CIBC to your new or existing account. Valid until March 31, 2026. T&Cs apply.
If you're new to the world of online trading and you're still wrapping your head around how to buy stocks online, CIBC Investor's Edge is well worth a look. This big bank trading platform lets you trade stocks, ETFs, options, bonds and much more in a registered or non-registered account. It provides an intuitive trading interface that makes it easy to place buy and sell orders, and Investor Edge's extensive range of research tools and educational resources makes it a great option for new investors.
Pros
Supports a wide range of account types
Discounts for active, young and student investors
Access a wide range of investments
User-friendly platform
Cons
You'll find cheaper brokerage fees elsewhere
$100 account fee unless you meet a minimum market balance requirement
You can only fund your account online from a linked CIBC account
Investor’s Edge offers a variety of tools to help you research your trades and investments. You can use the Trade Ideas stock screener to find investments based on different themes or criteria, access expert analysis, set up watchlists and alerts, and use stock charting tools to help inform your trading decisions. The platform also provides a range of convenient online courses and tutorials to help new investors navigate the Investor’s Edge platform and also improve their trading knowledge.
If you're searching for a broker that offers a seamless online and mobile trading experience, it's hard to go past Moomoo. This discount brokerage platform offers slick mobile and desktop apps and lets you trade US and Canadian stocks and ETFs as well as US options. It's quick and easy to sign up for an account and start trading, while handy features like free real-time Level 2 market data and advanced charting tools ensure that you have a range of important trading resources at your fingertips.
Pros
Highly-rated mobile ap
User-friendly trading experience
Competitive commissions
No account minimum
Cons
Other brokers allow you to trade a wider range of assets
High fees on large trades
Limited account types available
Signup Offer
Get up to $4,600 in trading perks.
Monthly Account Fee
$0
Account Types
RRSP, TFSA, Personal, FHSA
Available Asset Types
Stocks, Options, ETFs
ETF Transaction Cost
USD$0.99/stock
Option Fee
US stocks and ETFs: USD$0.99/stock (min. US$1.99 per trade)
Moomoo provides investors with a suite of tools and resources to help inform trading decisions. You can take advantage of advanced charting tools and stock screeners, research different investment themes, and use Moomoo’s AI tool for trend analysis and to get answers to trading-related questions. Moomoo also offers a demo account so you can practice trading before committing any real money, giving you a taste of how its online trading platform works.
Best online trading for extra features: RBC Direct Investing
RBC Direct Investing
7.9
Great
RBC Direct Investing is well known as a major player in the online trading game. This Big Five broker lets you trade stocks, ETFs, options, bonds and more through a wide variety of account types, and its feature-packed trading platform provides you with a toolkit full of resources to help you choose and track your investments. You can trade online, via mobile or using the customizable Trading Dashboard, while real-time streaming quotes and the Portfolio Analyzer tool are just some of the many convenient features on offer for Canadian traders.
Pros
No account maintenance fee
Commission-free trading of selected ETFs and all mutual funds
Handy stock screeners and picklists
Educational resources for new investors
Cons
Other platforms have lower brokerage fees
Mixed app reviews
Best suited to people who are already RBC customers
$9.95 ($6.95 if you place 150+ trades per quarter)
Option Fee
$6.95 to $9.95 (+$1.25 per contract)
Stock Trading Fee
$9.95
FX Fee
0.10% - 1.60%
Min. Deposit
$0
RBC Direct Investing online trading tools
Open an RBC Direct Investing account and you can access research and analysis from trusted providers like Morningstar, Refinitiv, Trading Central and RBC. You can use stock screeners to research suitable investments, get analyst-built investment lists, check your portfolio diversity and risk level with the Portfolio Analyzer, and access a variety of educational resources in the Investing Academy. You also have the flexibility of testing out RBC Direct Investing’s online trading tools first with a Practice Account.
Best well-rounded online brokerage: Qtrade Direct Investing
Qtrade Direct Investing
8.1
Great
Get 5% cash back on every dollar you invest up to $15,000 and 1% cash back on any amount above that. Plus, new clients receive unlimited free trades. Use code QTRADE2025. Valid until January 5, 2026. T&Cs apply.
Qtrade is a Canadian online brokerage that offers a complete package of tools and resources for new and more experienced investors. Sign up online and you can take advantage of features like fast market access, stock screening tools, and the ability to trade a wide variety of assets. You also get real-time quotes so you can stay up to date with price movements, and there are plenty of advanced research tools and educational guides to help you boost your investing knowledge.
Pros
$0 commissions on equities, mutual funds, ETFs and options
Easy to sign up and get started
Supports a wide range of investments and account types
Convenient portfolio analytics
Good range of research tools
Cons
No futures trading
Negative reviews on Trustpilot
Signup Offer
Get 5% cash back on every dollar you invest up to $15,000 (up to $750 cash back) and 1% cash back on any amount above that (up to max. cash back of $2,000). Plus, new clients receive unlimited free trades. Use code QTRADE2025. Valid until January 5, 2026.
There’s a long list of trading tools and resources to take advantage of with Qtrade. Log in to your account and you can access screeners and technical research, use planning tools to create your investment strategy, and check Morningstar analyst recommendations. There’s also a 30-day Trial Account available if you want to test out Qtrade’s suite of online trading tools, plus a handy range of portfolio analytics tools to help you assess the health of your portfolio.
Best for online commodity trading: Scotia iTRADE
Scotia iTRADE
7.9
Great
Get up to 20 free stock and ETF trades by opening a Scotia iTRADE and a select Scotiabank account. T&Cs apply.
Scotia iTRADE is another popular choice for investors who want to trade with a Big Bank broker. If you want to gain exposure to commodities markets, you can invest in individual stocks, commodity ETFs and gold, silver and platinum certificates. You can also choose from a wide range of other investment and account types, while a series of free webinars provide info and resources to help you boost your trading skills.
Pros
Trade a wide range of assets
Commission-free ETFs available
Free educational resources
Discounts for active traders
Cons
Higher fees than discount brokers
Doesn't support fractional shares
Some mixed reviews for mobile app
Signup Offer
Get up to 20 free stock and ETF trades by opening a Scotia iTRADE and a select Scotiabank account. T&Cs apply.
$9.99 ($4.99 if completed 150 trades or more a quarter)
Option Fee
$9.99 + $1.25 contract ($4.99 + $1.25 contract if completed 150 trades or more a quarter)
Inactivity Fee
$25/year
Stock Trading Fee
$4.99–$9.99
Account Fee
$100
FX Fee
Varies
Min. Deposit
$0
Scotia iTRADE online trading tools
When you log in to your account, you can access all your Scotia iTRADE and Scotiabank accounts in the same place. You can create personalized watchlists, check research reports and analysis, use stock screeners to find your next investments, and access technical analysis features designed for more advanced traders. Detailed research reports and stock ratings are also available.
Best online interface: BMO InvestorLine
BMO InvestorLine
7.9
Great
Get 0.5% cash back when you deposit $5,000 or more with promo code SDCASH. T&Cs apply.
If you're looking for a streamlined trading experience on a user-friendly platform, BMO InvestorLine is worth a closer look. This online trading platform is designed to make it simple and straightforward to invest in stocks, ETFs, mutual funds and more. There's a wide range of account types available, while you can also trade a selection of popular ETFs commission-free. And if you're an experienced trader, you can take advantage of the advanced tools offered by the BMO Active Trader platform.
Pros
Go with this platform if you're an existing BMO customer or active trader who wants to invest through a Big Bank.
Regulated by CIRO (formerly IIROC), CIPF member
Cons
Discount brokers have lower trading fees
$25 quarterly fee if conditions aren't met
Signup Offer
Get 0.5% cash back when you deposit $5,000 or more with promo code SDCASH.
Monthly Account Fee
$0 if conditions met, otherwise $50 - $100 per year
Account Types
RRSP, RESP, RRIF, TFSA, Personal, Joint, FHSA
Available Asset Types
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
ETF Transaction Cost
$0 - $9.95
Option Fee
$9.95 + $1.25 per options contract
Stock Trading Fee
$9.95 ($3.95 for active traders)
Account Fee
$0 - $100
Min. Deposit
$0
BMO InvestorLine online trading tools
With an InvestorLine account, you can access a host of research and analysis tools online. There are investment screeners, personalized watchlists, fundamental analysis tools and portfolio performance trackers. You can also take advantage of analyst ratings as well as research from BMO Capital Markets and third-party providers like Morningstar and S&P Global Ratings.
Best platform to buy Canadian stocks online: Wealthsimple
Wealthsimple
7.7
Great
If you want to invest in Canadian stocks, or US stocks for that matter, Wealthsimple is well worth checking out. This popular online broker offers a user-friendly trading platform and a host of features that make it easy for new investors to get started. It lets you trade commission-free, supports fractional share trading, and provides real-time streaming quotes so you can trade based on up-to-date information. But if you'd rather let someone else do the hard work of picking stocks, managed investing services are available too.
Pros
Commission-free trading
User-friendly online and mobile trading
Competitive margin interest rates
Also offers crypto trading
Cons
Lacks advanced trading features
Monthly USD account fee for Core clients
Watch out for FX fees
Monthly Account Fee
$0
Account Types
RRSP, TFSA, Personal
Available Asset Types
Stocks, Options, ETFs, Cryptocurrency, Margins
ETF Transaction Cost
Free
Option Fee
$0.75 - $2 USD/contract
Inactivity Fee
$0
Stock Trading Fee
$0
Account Fee
$0
FX Fee
1.50%
Min. Deposit
$0
Wealthsimple online trading tools
Wealthsimple’s online trading tools are designed to simplify the investing process. You can fund your account with instant transfers, and Wealthsimple is partnered with five Canadian brokers and three US market makers to ensure fast trade execution. It also makes it easy to set up recurring investments, reinvest any dividends you receive, and automatically invest a portion of every paycheque.
Methodology: How we chose the best online trading platforms
Finder’s investments experts reviewed 14+ brokerages available on the market to narrow down the best brokerage accounts and stock trading apps for trading and investing.
We analyzed each platform based on 40 key metrics we collected directly from brokerages and assessed each provider’s performance based on five different categories, weighing each metric based on the expertise and insights of Finder’s investment experts. We then scored and ranked each provider depending on how it performed in each category.
See how we weigh the overall rating
Investment options
Trading costs, rates and fees
Features and amenities
User experience and support
Regulatory compliance
30%
30%
20%
10%
10%
We update our best picks as products change, disappear or emerge in the market. We also regularly review and revise our selections to ensure our best provider lists reflect the most competitive available.
Can I buy stocks online?
Yes, you can buy stocks online in Canada. There’s a long list of brokerage firms that allow you to buy and sell stocks online.
You’ll need to compare online trading platforms to find the right one for you, then create an account and deposit funds. It’s then a matter of choosing the stock you want to buy, entering your purchase amount and price, and placing a buy order.
Ready to start investing? Keep reading for a step-by-step guide on how to trade stocks online in Canada.
Step 1: Choose an online trading platform
Compare online brokers to find the best trading platform for your needs. Look for low or no fees, user-friendly online and mobile platforms, and a broker that offers access to all the assets and markets you want to trade.
Step 2: Sign up for an account
Registering for an account is usually free, but some providers may charge subscription or ongoing fees for features like market research. You can sign up online by providing:
Your name, address, date of birth and contact details
Your Social Insurance Number
Proof of ID
Linked bank account details
Details of your trading experience
Step 3: Deposit funds
Once you’ve created an account, you can deposit money to trade with. Payment methods vary between brokers, but you may be able to deposit funds via bank transfer, e-Transfer, wire transfer or bill payment.
Step 4: Choose the stock you want to buy
Research stocks that match your investment goals. To help you make informed decisions, access market research, analysis and even trading recommendations through your platform. Also consider the number of shares you want to buy. Many trading platforms now support fractional shares, so you can invest only $10 or $100 in that $1,000 stock.
Step 5: Place your order
This is where trading can get confusing for novice investors. You have two main options when placing a trade to buy shares — trade “at market” or “at limit”.
Market orders. When you want to buy a share immediately at the best price currently available. Though you risk paying more than you expected if shares are difficult to trade or prices are volatile.
Limit orders. Set a maximum purchase price for your buy order. If that price becomes available within your specified time period, your trade is executed. However, you risk not trading at all if the price changes too much. You can generally set your order for the day or until you decide to cancel it.
Step 6: Pay for the transaction
Review all the details of your transaction including the number of stocks you’re buying, at what price and the total cost of the purchase. You need sufficient funds in your online trading account to cover the cost of the transaction, including any brokerage fees that apply.
When you’re happy with all the details, submit your buy order.
How to choose the best online trading platform
Consider the following factors when comparing brokers to find the best online trading platform in Canada for your needs.
Supported assets and markets
If you just want to trade Canadian stocks, every Canadian broker has got you covered. But if you want to trade on international markets or trade other assets like options, futures and forex, you’ll need to shop around for a platform that supports all investment types you want to trade.
Brokerage fees
Many brokers will charge a commission each time you place a buy or sell order, but there are also some commission-free stock trading platforms in Canada. Some platforms also offer fee discounts for frequent traders, so consider your trading volume when finding the most cost-effective broker.
Other fees
Other than brokerage fees, you’ll also need to check for a variety of other charges that may apply. Watch out for:
Currency conversion fees
Monthly subscription fees for real-time market data
An annual or quarterly account fee if you don’t meet a minimum asset requirement
Account inactivity fees
Deposit or withdrawal fees
Ease of use
The best online stock broker will offer easy-to-use trading platforms. Consider whether you will be trading on desktop or mobile when choosing a broker. Some providers also offer multiple trading platforms, including options designed for beginners as well as for more experienced investors.
Market data
Check whether you can access real-time market data so you can trade based on current market information, or whether data is delayed. You’ll also need to find out whether you need to pay a fee to get real-time data.
Research and analysis
What research tools does the broker provide to help you choose investments? Does it offer market news from reliable sources? Does it offer access to expert stock recommendations and market analysis from trusted third-party providers?
Account types
Does the platform offer cash accounts only, or can you also borrow money with a margin trading account? Depending on your needs, you may also want to check whether the broker offers registered accounts such as TFSAs, RRSPs and RESPs.
Demo account
Many of the best online trading platforms in Canada offer demo or paper trading accounts. These allow you to trade with a virtual account balance in real market conditions, allowing you to test out the platform and your trading strategies before investing any real money.
Find out how you can get in touch with the broker’s support team when needed, and during which hours support is available. It’s also a good idea to check what educational resources the broker offers to help you navigate its trading platform and boost your investing knowledge.
Use the tips below to help inform your investing decisions when trading online.
Set your investment goals and strategy
Before you can place your first trade, you’ll need to decide on your investment goals and timeframe. For many new investors, the simplest approach is to adopt a long-term buy-and-hold strategy. Advanced and complicated strategies like day trading are best left to experienced investors.
Take advantage of your broker’s research and analysis tools
No matter which online trading platform you choose, it will provide a host of research and analysis tools. For example, you might be able to view stock ratings and analyst recommendations, as well as a range of fundamental and technical analysis tools. Make the most of these resources to help you choose the right investments.
Use stock screeners
Online brokers and independent platforms also offer stock screeners. These allow you to filter thousands of stocks and ETFs based on the features you’re looking for in an investment. Use these screeners to find stocks and funds that match your investment goals.
Stay up to date with the economy
Understand the health of the economy, interest rate decisions, government policy changes, levels of investor confidence, exchange rates and the performance of stock markets in other countries. All of these can influence when to invest.
Start with blue-chip companies
One of the safest options for anyone starting out in the stock market is to invest in blue-chip companies. These are Canada’s biggest, most established companies, many included in the Dow Jones Industrial Average. They usually offer the best chance for minimizing your risk and providing steady returns.
Diversify
To minimize your exposure to risk, diversify your portfolio across a range of different industries. If you buy stocks across five or six industries instead of only one or two, you can be better protected against losses if one particular industry experiences a sharp downturn. ETFs also offer a simple way to diversify your portfolio.
Monitor your investments
Monitor the performance of your shares against your investment plan. Do they still align with your investment goals? Remember that your goals are most likely long-term, so don’t let short-term volatility lead you to panic-sell.
The basics of selling stocks
If you decide to sell your stocks, you can choose to sell via a market or a limit order. Market orders mean the shares are sold immediately at the best available price, while limit orders allow you to set the minimum sale price you’re willing to accept.
Advanced orders like stop-loss and trailing stop-loss orders are more complex and are for more experienced traders, but they can be very useful for managing your risk.
Is online trading legal in Canada?
Yes, online trading is legal in Canada. You can trade stocks, ETFs, options and much more with online brokerages, and you can buy and sell these assets using your computer or mobile device.
However, you’ll need to make sure you trade with a reputable broker that is properly regulated in Canada.
Are online trading platforms safe?
Yes — provided you deal with a reputable broker. Make sure you deal with a provider that is regulated by the Canadian Investment Regulatory Organization (CIRO). You can also check if they are a member of the Canadian Investor Protection Fund (CIPF), ensuring that you’ll be protected if the broker becomes insolvent.
But it’s also essential to be aware that even though legit trading platforms are safe, there are always risks associated with investing. Returns are not guaranteed, and there’s a chance that you could end up losing money. Be sure that you understand the risks of online trading before investing any of your hard-earned money.
List of online trading platforms in Canada
Brokerage
Account fees
Trading options
BMO InvestorLine
Annual fee: $0 if conditions met, otherwise $50 - $100 per year
Stock trading fees: $9.95 per trade (or $3.95 per trade if you make 150+ trades per quarter)
Stocks, ETFs, options, mutual funds, bonds, GICs
CIBC Investor’s Edge
Annual fee: $0 if conditions met, or $100
Stock trading fees: $6.95 per trade ($4.95 for active investors, $5.95 for students or $0 for account holders under the age of 25)
Annual fee: $0 if conditions met, otherwise $100/yr
Stock trading fees: $9.99 per trade (or $4.99 per trade for active traders)
Stocks, ETFs, options, mutual funds, bonds, GICs
TD Direct Investing
Annual fee: $0 if conditions met, otherwise $100/year
Stock trading fees: $9.99 per trade (or $7 per trade for active traders)
Stocks, ETFs, options, mutual funds, bonds, GICs
TD Easy Trade
Annual fee: $0
Stock trading fees: $9.99, but all account holders get 50 free stock trades per year
Stocks, ETFs
Wealthsimple
Annual fee: $0
Stock trading fees: $0
Stocks, ETFs, options, crypto
Webull
Annual fee: $10
Stock trading fees: $2.99 (CAD or USD depending on the trade currency)
Stocks, ETFs, options
Bottom line
There are plenty of brokers worth checking out when choosing an online trading platform. Compare fees, features and ease of use before deciding which is the best online trading platform for you. Then work out your investment strategy and goals before placing your first trade.
FAQs about online trading in Canada
Questrade is our top pick as the best online trading platform overall. However, the best platform for you depends on factors such as the assets and markets you want to trade, your investing experience and how often you trade. Compare a range of online trading platforms to find the right broker for your needs.
You'll need to open an account with an online stock brokerage to start trading online. Compare brokers to find one with low fees and all the features you need, then sign up for an account by providing your personal information and contact details. Then it's a matter of depositing funds into your account and placing your first trade.
It depends on the trading platform you choose. In some cases, you'll need to pay a brokerage fee every time you place a buy or sell order, while an account maintenance fee may also apply if you don't meet minimum balance requirements. However, some platforms offer commission-free stock and ETF trading and also don't charge any account maintenance fees.
Yes. All major online brokerages offer their own mobile apps. You can use apps to place trades, research investments and track the performance of your portfolio. Check out our guide to the best stock trading apps in Canada for more information.
Yes. Many brokerages allow Canadians to buy and sell US stocks that trade on US exchanges. To get started, look for an online trading platform that offers US market access, and be sure to check the fine print for details of any brokerage and currency conversion fees that apply.
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.
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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 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.
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