Is the Robinhood app in Canada?

Robinhood is a popular US-based trading app that doesn’t charge any commissions on its trades. Unfortunately, the full version of the app isn’t currently available in Canada—that said, as of mid-2026, Robinhood entered the Canadian market with a crypto trading app.

That means that if you’re looking for a feature-by-feature equivalent of the Robinhood app in Canada, you’ll wait longer. But in the meantime, there are some solid Canadian substitutes you can use to save money on commissions and access many of the features that made Robinhood so beloved by our neighbours down south.

What is Robinhood?

Robinhood is a US-based trading app that lets US residents make commission-free trades for a number of financial products. These include stocks, options and exchange-traded funds (ETFs). However, it doesn’t allow its investors to trade mutual funds, bonds or precious metals. It also doesn’t let its users make trades on registered accounts like retirement savings accounts.

Is Robinhood available in Canada?

Robinhood Canada currently exists only as a crypto trading platform, which means you can’t trade stocks or ETFs on the platform. But the good news is that in recent years, many Canadian stock trading platforms have adopted a similar commission-free trading structure, so there are options for investors looking for something similar.

Why is Robinhood so popular?

Robinhood is tremendously popular in the US because it offers commission-free trades. This means you don’t pay any extra money on top of the spread to execute your trades. It also charges a low margin fee for its services, which means you’ll end up with more money in your pocket at the end of the day.

The mobile app that Robinhood offers is also very user-friendly, which makes it perfect for both beginner and seasoned investors. An added benefit is that it allows investors to start trading with no minimum balance requirements, which is ideal for users who don’t have a large amount of cash to invest right off the bat.

How does Robinhood make money?

Robinhood makes money from the following sources:

• Robinhood Gold subscriptions
• Interest on margin trading accounts
• Lending securities to counterparties
• Depositing uninvested brokerage in interest-bearing accounts
• Getting rebates from platforms and exchanges that execute trades for Robinhood clients
• Miscellaneous fees for certain services like instant withdrawals to bank accounts and withdrawals to non-Robinhood debit cards

What are some alternatives to Robinhood for stock trading in Canada?

There are a number of alternatives to Robinhood Canada, depending on what type of trades you want to make.

Finder Score	Stock Trading Fee	Monthly Account Fee	FX Fee	Min. Deposit
8.6 Great Wealthsimple Investing	8.6 Great	$0	$0	1.50%	$0	Get a 1% match cash bonus on eligible $25,000+ transfers from other financial institutions to your Wealthsimple Self-directed Investing and Managed Investing accounts. T&Cs apply.	Go to site View details Compare product selection Compare	loading	Why we like it Wealthsimple Investing is the winner for Best for Beginners and Best for Canadian Stocks in the 2022 Finder Stock Trading Platform Awards. Consider this platform if you want a simple, user-friendly platform and zero-fee stock and ETF trades. Look elsewhere if you want to trade other securities or use more complex investment research tools. Pros & cons Pros $0 trades and no account fees Mobile app is highly rated and super easy to use Get a USD account with zero foreign exchange fees and instant deposits up to $5,000 Cons Only trade stocks, ETFs and crypto Limited research tools 1.50% conversion fee every time you buy/sell US securities
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 Consider Questrade if you want to cut down on fees and take the lead on managing your investments. Look elsewhere if you don't have $0 upfront to open an account. Pros & cons Pros Lower trading fees than many Big Banks and private brokers Trade stocks, IPOs, bonds, ETFs, mutual funds, GICs, options, CFDs, forex and precious metals Deposit up to $3,500/day with your Canadian Visa or Interac Debit card Cons $0 minimum deposit $5,000 minimum investment for bonds and GICs No fractional share trading
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 Consider Qtrade Direct Investing if you want to trade a variety of securities on a user-friendly platform. Look elsewhere if you want access to a wide range of advanced research tools. Pros & cons Pros $0 commissions on equities, mutual funds, ETFs and options $0 minimum deposit Cons No futures trading Many reports of performance issues with the mobile app

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How do I sign up with one of these services?

If you want to sign up for an account with any of the services listed above, you’ll just need to follow the steps below:

1. Use the online application to provide personal information like your name, email address, proof of ID and relevant documents.
2. Review and submit your application.
3. Get verified and load funds into your account to start trading.

Compare online investment platforms in Canada

9 of 9 results

Finder Score	Available Asset Types	Account Types	Stock Trading Fee	Monthly Account Fee
Promoted 8.6 Great Wealthsimple Investing	8.6 Great	Stocks, Options, ETFs, Cryptocurrency	RRSP, TFSA, Personal, Margin	$0	$0	Get a 1% match cash bonus on eligible $25,000+ transfers from other financial institutions to your Wealthsimple Self-directed Investing and Managed Investing accounts. T&Cs apply.	Go to site View details Compare product selection Compare	loading
Promoted 9.6 Excellent Questrade	9.6 Excellent	Stocks, Bonds, Options, Mutual Funds, Index Funds, ETFs, Forex, GICs, Precious Metals, IPOs	RRSP, RESP, RRIF, TFSA, Personal, Joint, FHSA, Margin	$0	$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
7.9 Great CIBC Investor's Edge	7.9 Great	Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, Precious Metals, IPOs	RRSP, RESP, RRIF, TFSA, Personal, Joint, Business, FHSA, Margin	$6.95	$0 if conditions met, or $100	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
8.2 Great BMO InvestorLine Self-Directed	8.2 Great	Stocks, Bonds, Options, Mutual Funds, ETFs, GICs	RRSP, RESP, RRIF, TFSA, Personal, Joint, FHSA, Margin	$3.95–$9.95	$0 if conditions met, otherwise $100 per year	Get up to $10,000 + 150 free trades. Offer ends August 31, 2026. T&Cs apply.	Go to site View details Compare product selection Compare	loading
6.2 Standard GoSmart by RBC Direct Investing	6.2 Standard	Stocks, ETFs	RRSP, TFSA, FHSA	$0 - $9.95	$0	Open your first GoSmart account and get $100 when you deposit $2,000. Valid until November 2, 2026. T&Cs apply.	Go to site View details Compare product selection Compare	loading
9.1 Excellent Qtrade Direct Investing	9.1 Excellent	Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, IPOs	RRSP, RESP, RRIF, TFSA, Personal, Joint, FHSA, Margin	$0	$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
9.4 Excellent Interactive Brokers	9.4 Excellent	Stocks, Bonds, Options, Index Funds, ETFs, Forex, Currencies, Futures	RRSP, TFSA, Personal, Joint, Business, FHSA, Margin	Min $1.00, Max 0.5%	$0	View details Compare product selection Compare	loading
8.6 Great Moomoo	8.6 Great	Stocks, Options, ETFs	RRSP, TFSA, Personal, FHSA, Margin	$1.49/stock	$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
8 Great Webull	8 Great	Stocks, ETFs	RRSP, TFSA, Personal, Margin	$0	$10/year	View details Compare product selection Compare	loading

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Finder Score for stock trading platforms

To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score, the better the platform—it's that simple.

Read the full methodology

Bottom line

Robinhood is a popular US-based app that has begun its expansion into Canada within the crypto trading space. That said, if you were hoping to trade stocks and ETFs on Robinhood in Canada, you’ll have to consider alternative trading apps that offer low fees and zero-commission trades. Find out more about Canadian alternatives to Robinhood, and sign up today to start investing.

Frequently asked questions about Robinhood Canada

• When will Robinhood come to Canada?

  Robinhood has already come to Canada, but only supports crypto trading. You'll have to look elsewhere for similar stock trading options in Canada, like Wealthsimple, Questrade and Qtrade.

• Which trading platform is most similar to Robinhood?

  The trading platform that's most similar to Robinhood is Wealthsimple. This is because it offers free trades for stocks and ETFs. You also won't need a minimum balance to get started.

• How can I get the Robinhood app in Canada?

  You can download the Robinhood app from the Google Play or Apple App Store.

• How does Robinhood make money?

  Robinhood US makes money from its premium subscription service, which gives users additional features. Robinhood also gets revenue by charging fees for miscellaneous services, earning interest on margin accounts, lending securities and depositing uninvested broker cash into interest-bearing accounts.

Written by

Claire Horwood

Associate editor

Claire Horwood was a writer at Finder, specializing in credit cards, loans and other financial products. She has a Bachelor of Arts in Gender Studies from the University of Victoria, and an Associate’s Degree in Science from Camosun College. Much of Claire’s coursework has focused on writing and statistics, with a healthy dose of social and cultural analysis mixed in for good measure. In her spare time, Claire enjoys rock climbing, travelling and drinking inordinate amounts of coffee. See full bio

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