When is the Robinhood app coming to Canada?

Robinhood is a popular US-based trading app that doesn’t charge any commissions on its trades. Unfortunately, this app isn’t currently available in Canada – which has left many Canadians wondering when it will make its way across the border.

Unfortunately, there’s no definitive answer for when Robinhood will arrive in the Great White North. That said, there are some substitutes that you can use to save money on commissions while you wait for this coveted app to enter Canada’s financial landscape.

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 doesn’t currently exist, despite a high demand for the service. This is unfortunate given that there aren’t that many trading platforms offering free commissions in Canada. That said, there are some suitable alternatives that you can consider depending on what types of trades you want to make.

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 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 Exclusive	9.6 Excellent	$0	$0	1.5%	$0	Finder exclusive: Get $125 cash back with the Questrade promo code FINDER125. Offer ends June 22, 2026. 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 July 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

8 of 8 results

Finder Score	Available Asset Types	Account Types	Stock Trading Fee	Monthly Account Fee
Promoted 9.6 Excellent Questrade Exclusive	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	Finder exclusive: Get $125 cash back with the Questrade promo code FINDER125. Offer ends June 22, 2026. T&Cs apply.	Go to site View details Compare product selection Compare	loading
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
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
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 July 31, 2026. T&Cs apply.	Go to site View details Compare product selection Compare	loading
6.2 Standard RBC GoSmart	6.2 Standard	Stocks, ETFs	RRSP, TFSA, FHSA	$0 - $9.95	$0	Open your first GoSmart account and get $50 when you deposit $500. Valid until July 31, 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.	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

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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.

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Bottom line

Robinhood is a popular US-based app that will hopefully make its way to Canada soon. That said, there are several alternative trading apps that you can consider while you wait for that time to arrive. These apps come with low fees and zero commissions for certain 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?

  It's not clear when Robinhood will move to Canada since it's currently only licensed to sell securities in the US. That said, there are several suitable alternatives to this trading platform that are currently available for you to take advantage of in Canada. These include Wealthsimple, Questrade and Virtual Brokers.

• 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 may be able to download the app if you have your Google Play or App Store settings set to the US. That said, you won't be able to create an account unless you're a US resident.

• How does Robinhood make money?

  Robinhood 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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