Can I buy stocks without a brokerage or trading account?

You need a brokerage or trading account to buy and sell stocks on an exchange. There may sometimes be exceptions to this, such as if you buy shares directly from a company through its Initial Public Offering (IPO), but most investors will need to open an account with an online broker.

Is Robinhood available in Canada?

While Robinhood is available in Canada for crypto trading, the Canadian version of the app does not support stock or ETF trading as it does in the US. So if you're looking for the equivalent of the Robinhood app in Canada, check out our guide to Robinhood alternatives for similar stock trading platforms.

Can I trade stocks through an app?

Yes. Most online brokerages also offer mobile apps that you can use to place trades, check the latest market data and monitor your investments. These apps are free to download from Google Play and the App Store.

Can I start trading with $100?

Yes, you can start trading stocks with $100 — or potentially even less. Most trading platforms don't have any minimum balance requirements, and many also support fractional share trading to make high-priced stocks available to a wider range of investors.

How do beginners trade stocks in Canada?

To start trading stocks as a beginner, you'll need to create an account with an online stock trading platform or app. Once you've created an account, you can deposit money from your bank account and place your first trade.