- 100 free trades signup offer
- Easy-to-use platform
- Low fees
- Student and young investor discounts
Choosing the right stock trading platform is crucial for any investor. The best stock trading platforms are quick and easy to use, have low or no fees and have all the features you need to trade with confidence. But the best platform for you will vary depending on factors such as what you want to trade, how often and whether you’re a beginner or experienced investor.
To help you compare your options, we’ve crunched the numbers to pick the 10 best stock trading platforms and apps in Canada.
Our top picks for stock trading platforms
- Access to international stock exchanges
- Low margin rates
- Powerful research tools
- 6% cash rebate plus $2,200 in trading perks
- Low transaction fees
- Easy-to-use app
10 best stock trading platforms and apps in Canada for 2024
- Best overall: Interactive Brokers
- Best new trading app: Moomoo
- Best for beginners: CIBC Investor’s Edge
- Best for low cost trading: Questrade
- Best for well-rounded trading experience: Qtrade Direct Investing
- Best for trading Canadian stocks: Wealthsimple
- Best for trading features: RBC Direct Investing
- Best for commodity trading: Scotia iTRADE
- Best from a Big Six bank: National Bank Direct Brokerage
- Best for easy-to-use interface: BMO InvestorLine
Why trust Finder
- 14+ online brokers reviewed and rated by our team of experts
- Evaluated under our unbiased rating system covering eight 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.
1. Interactive Brokers – Best overall trading platform and app
Interactive Brokers
Finder score: 4.2 / 5 ★★★★★
The more you trade, the cheaper your fees. Commissions range from a minimum of $1 to a maximum of 0.5% per trade. Margin trading is available for experienced traders. Rates run between 5.36% and 6.36%, which is pretty competitive for the Canadian market.
New investors might be daunted by the platform's extensive suite of analytical and educational tools, but there's a rich assortment of features for those willing to deep dive into investments.
Stock Trading Fee | Max. 0.5% |
---|---|
Account Fee | $0 |
FX Fee | 0.2 bps trade value, min $2.00 |
Min. Deposit | $0 |
Interactive Brokers app store reviews
Google Play app reviews | IBKR GlobalTrader: 3.7/5 stars based on 580 reviews IBKR Mobile: 4.7/5 stars based on 43,146 reviews |
Apple App Store app reviews | IBKR GlobalTrader: 2.5/5 stars based on 21 reviews IBKR Mobile: 4.5/5 stars based on 3,969 reviews |
2. Moomoo – Best new trading app
Moomoo Financial Canada
Finder score: 3.9 / 5 ★★★★★
Stock Trading Fee | $0.0099 - $$0.0149 |
---|---|
Account Fee | $0 |
FX Fee | 0.09% + USD$2 |
Min. Deposit | $0 |
Moomoo app store reviews
Google Play app reviews | 4.5/5 stars based on 30,882 reviews |
Apple App Store app reviews | 4.6/5 stars based on 954 reviews |
3. CIBC Investor’s Edge – Best trading platform for beginner traders
CIBC Investor's Edge
Finder score: 3.7 / 5 ★★★★★
Stock Trading Fee | $4.95–$6.95 |
---|---|
Account Fee | $100 |
FX Fee | Varies |
Min. Deposit | $0 |
CIBC Investor’s Edge app store reviews
Google Play app reviews | 3.4/5 stars based on 5,126 reviews |
Apple App Store app reviews | 3.7/5 stars based on 6,483 reviews |
4. Questrade – Best trading platform for low cost trading
Questrade
Finder score: 3.9 / 5 ★★★★★
Stock Trading Fee | $4.95-$9.95 |
---|---|
Account Fee | $0 |
FX Fee | 1.5% |
Min. Deposit | $1,000 |
Questrade app store reviews
Google Play app reviews | QuestMobile: 3.4/5 stars based on 1,372 reviews Questrade Edge Mobile: 2.0/5 stars based on 349 reviews |
Apple App Store app reviews | QuestMobile: 3.5/5 stars based on 1,279 reviews Questrade Edge Mobile: 2.5/5 stars based on 404 reviews |
5. Qtrade Direct Investing – Best for a well-rounded trading experience
Qtrade Direct Investing
Finder score: 3.6 / 5 ★★★★★
Stock Trading Fee | $6.95 - $8.75 |
---|---|
Account Fee | $0 - $25/quarter |
Min. Deposit | $0 |
Qtrade Direct app store reviews
Google Play app reviews | 3.1/5 stars based on 151 reviews |
Apple App Store app reviews | 3.0/5 stars based on 166 reviews |
6. Wealthsimple – Best for trading Canadian stocks
Wealthsimple
Finder score: 3.8 / 5 ★★★★★
Wealthsimple is all about low fees. It does not charge any commissions on trades. And you can make as many trades as you like, free of charge. There are no annual fees or account minimums. It is one of the lowest-cost trading options available to Canadian investors. Wealthsimple stacks up favourably against the other platforms we looked at when it comes to educational resources and tools, with various savings calculators, articles and investor masterclass videos to teach you the basics.
If there is a catch, it's that you are limited in the types of securities you can trade, as Wealthsimple offers mostly stocks and ETFs. You can open a non-registered account, RRSP or TFSA. There is a mobile and web platform, and the application received some of the highest user ratings among platforms we looked at.
Stock Trading Fee | $0 |
---|---|
Account Fee | $0 |
FX Fee | 0% - 1.50% |
Min. Deposit | $0 |
Wealthsimple app store reviews
Google Play app reviews | 3.9/5 stars based on 78,869 reviews |
Apple App Store app reviews | 4.6/5 stars based on 125,050 reviews |
7. RBC Direct Investing – Best trading features
RBC Direct Investing
Finder score: 3.8 / 5 ★★★★★
Trade stocks, bonds, ETFs, mutual funds, GICs, IPO shares and more with RBC's robust online and mobile trading platforms. Not every platform offers a demo account for you to practice trading without using real money, but RBC Direct Investing does. Get real-time quotes for stocks and ETFs, and save on commissions when you make 150+ trades per quarter. View all your RBC banking and investment account balances on the same app.
Stock Trading Fee | $9.95 |
---|---|
Account Fee | $100 |
FX Fee | 0.1% - 1.6% |
Min. Deposit | $0 |
RBC Mobile app store reviews
Google Play app reviews | 2.4/5 stars based on 43,400 reviews |
Apple App Store app reviews | 4.8/5 stars based on 208,992 reviews |
8. Scotia iTRADE – Best platform for commodity trading
Scotia iTRADE
Finder score: 3.8 / 5 ★★★★★
Stock Trading Fee | $4.99–$9.99 |
---|---|
Account Fee | $100 |
FX Fee | Varies |
Min. Deposit | $0 |
Scotia iTRADE app store reviews
Google Play app reviews | 3.5/5 stars based on 3,463 reviews |
Apple App Store app reviews | 4.2/5 stars based on 10,261 reviews |
9. National Bank Direct Brokerage – Best trading platform by a Big Bank
National Bank Direct Brokerage
Finder score: 3.8 / 5 ★★★★★
Stock Trading Fee | $0 |
---|---|
Account Fee | $100 |
FX Fee | Varies |
Min. Deposit | $0 |
National Bank Direct Brokerage app store reviews
Google Play app reviews | 4.5/5 stars based on 182 reviews |
Apple App Store app reviews | 4.7/5 stars based on 698 reviews |
10. BMO InvestorLine – Best platform for an easy-to-use interface
BMO InvestorLine
Finder score: 3.8 / 5 ★★★★★
Stock Trading Fee | $9.95 |
---|---|
Account Fee | $50 - $100 |
Min. Deposit | $0 |
BMO Invest app store reviews
Google Play app reviews | 3.4/5 stars based on 1,064 reviews |
Apple App Store app reviews | 4.4/5 stars based on 2,978 reviews |
Methodology: How we choose the best stock trading accounts
Finder’s investments experts reviewed 14+ brokers 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 100+ key metrics we collected directly from brokers and assessed each provider’s performance based on eight 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 platforms & tech | Trading costs | Fees | Customer support | Mobile app rating & security | Features & amenities | Account types & minimums |
---|---|---|---|---|---|---|---|
20% | 20% | 20% | 15% | 10% | 5% | 5% | 5% |
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.
Summary: Canada’s best stock trading platforms
Platform | Finder score | Stock trading fee | Account fee | Minimum deposit | |
---|---|---|---|---|---|
Interactive Brokers | ★★★★★ | Max. 0.5% | $0 | $0 | |
Moomoo Financial Canada | ★★★★★ | $0.0099 - $$0.0149 | $0 | $0 | |
CIBC Investor's Edge | ★★★★★ | $4.95–$6.95 | $100 | $0 | |
Questrade | ★★★★★ | $4.95-$9.95 | $0 | $1,000 | |
Qtrade Direct Investing | ★★★★★ | $6.95 - $8.75 | $0 - $25/quarter | $0 | |
Wealthsimple | ★★★★★ | $0 | $0 | $0 | |
RBC Direct Investing | ★★★★★ | $9.95 | $100 | $0 | |
Scotia iTRADE | ★★★★★ | $4.99–$9.99 | $100 | $0 | |
National Bank Direct Brokerage | ★★★★★ | $0 | $100 | $0 | |
BMO InvestorLine | ★★★★★ | $9.95 | $50 - $100 | $0 |
What is the best stock trading app in Canada for mobile?
Out of the apps we reviewed, the highest rated stock trading app for iOS on the Apple App Store is the RBC Mobile app, which gives you access to RBC Direct Investing. When it comes to the highest rated stock trading apps for Android, IBKR Mobile is the winner.
Here is a summary of stock trading app ratings in Canada for iPhones and Androids:
Google Play Store | Apple App Store | |
---|---|---|
Interactive Brokers | IBKR GlobalTrader 580 reviews IBKR Mobile 43,140+ reviews | IBKR GlobalTrader 21 reviews IBKR Mobile 3,960+ reviews |
Moomoo | 4.5 – ★★★★★ 30,880+ reviews | 4.6 – ★★★★★ 950+ reviews |
CIBC Investor’s Edge | 3.4 – ★★★★★ 5,120+ reviews | 3.7 – ★★★★★ 6,480+ reviews |
Questrade | QuestMobile 1,370+ reviews Questrade Edge Mobile 340+ reviews | QuestMobile 1,270+ reviews Questrade Edge Mobile 400+ reviews |
Qtrade | 3.1 – ★★★★★ 150+ reviews | 3.0 – ★★★★★ 160+ reviews |
Wealthsimple | 3.9 – ★★★★★ 78,860+ reviews | 4.6 – ★★★★★ 125,050 reviews |
RBC Mobile | 2.4 – ★★★★★ 43,400+ reviews | 4.8 – ★★★★★ 208,990+ reviews |
Scotia iTRADE | 3.5 – ★★★★★ 3,460+ reviews | 4.2 – ★★★★★ 10,260+ reviews |
National Bank Direct Brokerage | 4.5 – ★★★★★ 180+ reviews | 4.7 – ★★★★★ 690+ reviews |
BMO InvestorLine | 3.4 – ★★★★★ 1,060+ reviews | 4.4 – ★★★★★ 2,970+ reviews |
What is the best free stock trading app in Canada?
Based on our top picks, the best free stock trading apps that don’t charge a trading fee and come with a $0 account fee are Wealthsimple and Moomoo.
Most stock trading apps are free to download and also free to sign up for an account. But there are fees you need to be aware of when you trade.
The most common fee is the broker’s commission. While some brokers charge $0 commissions on certain assets, many charge a flat fee per trade. And even if an app does advertise fee-free trading, this will typically only apply to a limited selection of assets (such as Canadian stocks and ETFs).
There are other fees to be aware of too. Many (but not all) brokers charge a monthly fee if your account balance doesn’t exceed a minimum limit, while fees and currency conversion costs may apply if you trade foreign stocks and ETFs.
That’s why even if a broker says it offers “$0 commissions” or “no fees”, it’s always important to check the fine print. Compare a range of apps to find the best free stock trading app for you.
"I opened a self directed investing account with Questrade after researching RESP trading accounts. Wealthsimple has an option for a robo account but I wanted to build my own portfolio. I love the interface on desktop and the app is good after you get the hang of it. ETF trades are free which is what I was looking for. The CESG match is automatically deposited into the trading account which is great. You do need to make an initial deposit of $1,000 when opening the account which might not be ideal for everyone."
How to choose the best stock trading app
The best trading app for you might not be the same as the best choice for someone else. Whether you’re a beginner or an experienced investor, you will have your own unique requirements from a trading app. That’s why it’s important to consider the following factors when comparing your options.
Brokerage fees
Some brokers don’t charge any commissions on Canadian stock and ETF trades, but others charge a flat fee of typically $5–$10 per trade. Others charge a fee based on the number of stocks you buy, for example $0.01 per share, so work out how much it’ll cost you to invest.
Other fees
There are a few other fees that may apply, so check the fine print for any:
- Subscription fees to access features such as market news, real-time data and expert analysis
- Inactivity fees if you don’t make any trades for a specified period of time
- Minimum balance fees if your account balance is less than a specified minimum
- Currency conversion fees if you trade on foreign markets
Ease of use
The best stock trading apps are easy to use right from the moment you sign up. A user-friendly interface is particularly important if you’re a novice investor, so search for an app that offers a simple and intuitive experience. Reading reviews from other users is a great way to work out whether an app is easy to use straight away.
Market access
Do you only want to trade Canadian stocks and ETFs or do you want to invest in US, European, Asian and emerging markets? If you want to trade international stocks, be aware that not all brokers provide access to foreign stock exchanges. Check the list of exchanges you can access and what fees apply to overseas trade.
Tradable assets
Check which securities you can trade from each broker’s app, such as:
- Stocks
- ETFs
- Options
- Bonds
- Futures
- Mutual funds
- Forex
- Cryptocurrencies
Research and analysis
Find out what sort of research and analysis you can access through the app. For example, you may be able to access in-depth market analysis from the broker’s in-house team or a third-party service, plus be kept up to date with the latest market news.
Minimum investment amount
Check whether the broker has a minimum account balance requirement. Some providers don’t have any minimum limits, but others will charge a monthly fee if your balance is less than a specified amount.
Customer support
If you ever have a problem with a trade or a question about your account, how can you get in touch with your broker’s customer support team? Check the contact methods available and the hours during which the support team is available. An online help center with answers to a range of FAQs is also a useful resource.
Other features
Put together a list of any other key features you want in a trading app, such as:
- Advanced charting tools and technical indicators
- Stock screeners that allow you to narrow down your potential investments
- Automated investing with a robo-advisor
- Social trading that allows you to see and copy other people’s trades
- Educational resources to help you learn about trading and how to use all of the app’s features
Other platforms
If you’ll also be placing trades through your broker’s web-based or desktop platform, check out whether those platforms are user-friendly and offer all the key features you need. If there’s a free demo account available, use it to put a platform through its paces with virtual rather than real money.
Is it regulated?
Make sure you only consider brokers that are regulated by the Investment Industry Regulatory Organization of Canada (IIROC), and that the funds you deposit will be covered under the Canadian Investor Protection Fund (CIPF).
All of our picks for the best trading app are regulated by IIROC and CIPF, meaning if they go under, your money will be protected up to specified amounts. Some providers also offer 2-factor authentication and high-level encryption of data to keep your account safe.
User reviews
Head to the app store for your smartphone and read reviews from other users. You can also explore customer feedback in places like the Better Business Bureau and Reddit to find out what investors really think about the platform and what issues they run into. Are they happy with the app? Are there any major problems repeatedly mentioned in reviews? Is there a common theme about how the app could be improved?
"The best trading platforms are the ones that offer a combination of low fees, numerous investment options, a modern trading platform and plentiful resources that help you learn and grow as a trader. But at the end of the day, personal preference matters too."
What are the pros and cons of stock trading apps?
Before you download a stock trading app and sign up for an account, make sure you’re aware of the benefits and drawbacks of trading through an app:
Pros
- User-friendly. The best stock trading apps in Canada provide a streamlined user experience, making it simple to start building your investment portfolio.
- Convenient. Stock trading apps make Canadian and global markets more accessible than ever before. You can buy and sell stocks with just a few taps, and make adjustments to your portfolio on the go.
- Feature-packed. The best stock trading apps let you do more than just buy and sell stocks. They make it easy to track the performance of your portfolio, stay up to date with the latest market news and research potential investment opportunities.
- Low minimum investment. With many brokers supporting fractional share trading, you don’t necessarily need a big savings balance to start trading.
Cons
- You need to understand the risks involved. The best stock trading apps make it quick and easy to invest in the stock market, so you need to take care not to fall into the trap of buying and selling on impulse. Make sure you research any potential investment carefully and understand the risks involved before you trade.
- Lack of advanced features. If you’re an experienced investor searching for advanced charting and technical analysis tools, you may prefer to trade using a desktop or web-based platform.
- Limited choice on some apps. Some trading apps only provide access to a limited range of tradable assets.
Bottom line
There are many things to consider when choosing a stock trading platform or app to buy and sell stocks and other securities. The right trading platform for you will match your needs, so if on-the-go trading is your number 1 concern, you’ll probably end up choosing a different app to someone who wants to focus on commodity trading.
The key thing to remember is to do your research and compare a range of trading platforms first. Start with our range of trading platform reviews to get an idea of what’s available in Canada and the key features you need to consider.
Frequently asked questions
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