Best investment apps in Canada

Wealthsimple is one of the most popular investment apps in the Canadian fintech space, and it’s no secret why. They offer a simple and beautiful user interface that makes even the most nervous novice investors feel at ease when reviewing their portfolios.

There is no minimum to open an account, and they offer a variety of portfolios to suit every investor’s personality. Plus, they'll reimburse an outgoing administrative transfer fee of up to $150 on investment account transfers valued at more than $5,000.

Related: How to transfer brokerages

Wealthsimple is also ultra-transparent in how their portfolios are allocated, where your dividends are coming from, and what trades they’re making on your behalf. You can see a complete history of where and how every penny has been invested simply by clicking on “Account Activity.”

Walthsimple's Portfolios, or managed investing, come with low fees starting at 0.5%, dropping to 0.4% or even 0.2% for Premium and Generation clients with larger balances.

Wealthsimple now offers private credit (11% return) and private equity (36% return) funds for clients with $50K+ in assets

Coming soon:

Direct Indexing, custom portfolios by advisors, bond ladders, money market funds and dynamic portfolio rebalancing options (e.g. dividend focus, currency hedging)

• Advanced platforms: Access powerful tools like WebBroker and thinkorswim for in-depth market analysis and trading.
• Diverse investment options: Trade stocks, ETFs, mutual funds, options, bonds, and GICs—all in one place.
• Integration with TD Bank: Seamlessly manage investments alongside your TD banking accounts for convenience.

With one of the most investing apps in Canada, you can access a wide range of investment options, from stocks and ETFs to mutual funds, GICs, and options.

Whether you’re a seasoned investor or just getting started, TD’s platforms like WebBroker and thinkorswim offer powerful tools for research, analysis, and tracking your portfolio. Plus, TD’s reputation as one of Canada’s most trusted banks gives you peace of mind that your investments are in good hands.

What sets TD Direct Investing apart is its seamless integration with your banking. You can manage your investments and everyday finances from a single account, making it more convenient to stay on top of your money.

Their educational resources, like webinars and research reports, empower you to make confident, informed decisions.

And if you need support, TD provides excellent customer service, including live agents and in-person guidance at TD branches. It’s everything you need to grow your wealth, all in one trusted investing app.

Questrade is far and away the best choice for DIY investors building their own ETF portfolio. This discount broker is a market leader for their low trading commissions on stocks, but they take it one step further by making ETFs free to buy.

For new investors or those that simply don’t have a lot of capital to get started in the stock market, this is a game-changer.

You can build your ETF portfolio with as little as one share at a time, with no commissions to add new ETFs to your portfolio. When it comes time to sell, however, Questrade will charge trading commissions. Ideally, you're not selling until retirement anyway (or if you're pivoting to a new investment strategy).

Even when selling ETFs, their low fee structure means you’re still paying some of the lowest fees on the market.

And some of Questrade’s best features are free. Instant Deposit lets Visa Debit cardholders instantly transfer up to $3,500 (or up to your bank account’s max daily transfer limit) into your Questrade account. That allows you to capitalize on fast-moving market opportunities that you might otherwise miss if your access to funds is delayed.

You've heard it before: save more, spend less, invest the rest. Moka, formerly Mylo, started as a round-up tool but are now a full managed investment solution with an interesting idea.

They consistently invest in the S&P 500 — which averages an annual 10% return over 65 years thus beating professional money managers. They help you invest 100% in equities for the best long-term growth, unlike other platforms.

The app is easy to use and encourages you to stay on track for long term success while also providing education to make you a smarter investor.

Bonus: Each investment contributes to CO2 removal and forest restoration. Talk about sustainable investments.

They charge a low flat rate fee of $7 per month, regardless of your investment size. Think of it like a "fee only" advisor, instead of taking 1% which over 20 years could cost you more than $60,000. The S&P 500 exchange-traded funds they invest in have a genuinely low 0.09% fee (which does get passed onto you).

Qtrade Direct Investing™ is a top-tier Canadian investment platform designed to empower both beginner and seasoned investors. Young investors aged 18 to 30 enjoy reduced trading commissions, while high-volume traders can access elite perks through the Investor Plus program.

With a wide range of financial instruments including commission-free ETFs, stocks, mutual funds, and options, Qtrade delivers a flexible and robust experience. It’s not just the low fees that set Qtrade apart — its user-friendly platform, award-winning customer service, and cutting-edge educational resources make it a go-to for anyone serious about growing their portfolio.

Plus, it’s backed by Aviso Wealth, a trusted financial giant in Canada.

The platform’s advanced portfolio management tools and Morningstar research empower you to make informed decisions, giving you the edge needed to outperform the market. Its mobile app is just as powerful as its web platform, making trading on the go a breeze.

But here’s the real game-changer: Qtrade’s sign-up bonuses and fee waivers make it one of the best investment deals in Canada. By offering up to $150 in rebates and zero account fees with regular deposits, it rewards smart, consistent investors. The seamless sign-up process, combined with exceptional features, ensures that you’re not only starting on the right foot but are also well-positioned for long-term success.

SPECIAL OFFER: Get $50 upon opening and funding a new account, up to $150 for 3 accounts. Plus, receive up to a $150 rebate per transfer when you transfer $15,000+. Use promo code: OFFER2025 by October 31, 2025

If you’re looking to actively buy and sell individual securities, Wealthsimple self-directed investing will let you do that without any trading commissions. It costs a big fat $0 to buy or sell stocks on this platform.

The Wealthsimple platform is simple and user-friendly, making it easy to navigate.

It’s important to note that more detailed security data or access to precise charting tools is limited. Likewise, not all securities are available for trading on Wealthsimple, which means you might not be able to find all the stocks you want to trade.

As a result, more advanced investors might be frustrated with this platform’s lack of functionality. Nevertheless, Wealthsimple is an excellent choice for new to beginner investors or those that don’t need fancy charting tools.

Wealthsimple also offers fractional shares, stock lending, Options trading (as low as $0.75 USD per contract), real-time data and charting and over 90+ cryptocurrencies and crypto swaps.

They've added FHSAs and self-directed RESPs (in beta) with corporate/trust accounts coming soon.

Wealthsimple's FX fees are 1.5% or less with margin rates as low as Prime -0.5% for generation clients.

Recently, Wealthsimple starting offering 24/5 trading hours

CIBC Investor's Edge stands out as a compelling choice for both seasoned and novice investors, especially for those already banking with CIBC. Its top features include competitive pricing, with trades ranging from $4.95 to $6.95, and an exceptional offer of free trading for investors under 25.

This pricing structure positions it favorably against competitors like Wealthsimple, which offers free trades but lacks certain advanced options available with Investor's Edge. Moreover, CIBC's platform provides extensive research tools and a variety of account types, including TFSAs, RRSPs and FHSAs, making it a versatile option for diverse investment needs.

While its foreign exchange fees for US stocks are a consideration, the seamless integration with CIBC banking services and the advanced trading tools available make it a solid choice, particularly for CIBC banking customers. The platform's user-friendly interface and educational resources further enhance its appeal to new investors.

If you're seeking a comprehensive and competitively priced trading platform backed by a major bank's reliability, CIBC Investor's Edge is worth considering.

If you're ready to dive into investing — or just looking for a smarter, cheaper way to trade — TD Easy Trade has your back. You get 50 commission-free stock trades every year, plus unlimited free trades on TD ETFs. That’s serious savings compared to platforms that nibble away at your returns with every click. And right now, from May 1, 2025, to July 31, 2025, new and existing clients can snag up to $100 cash†† when you transfer in $500 or more to a new or existing account. It’s investing made easy — and rewarding.†

Where TD Easy Trade really shines is in its educational resources, providing extensive materials to help users make informed investment decisions. This emphasis on education is a unique aspect that not all competitors offer. However, it's worth noting that TD Easy Trade might lack some of the advanced trading features found in apps like Questrade or Wealthsimple, and its focus is mainly on stocks and ETFs, which could be limiting for those seeking a wider range of investment options.

Now, navigating an investment app can sometimes feel like solving a Rubik's Cube, right? But with TD Easy Trade, it's as easy as scrolling through your favorite social media feed. They've made it super user-friendly, which is a breath of fresh air, especially for you investing newbies.

And here's the cherry on top - their educational resources are like having a mini finance course at your fingertips. This isn't just a 'throw your money in and hope for the best' kind of deal. You get to learn and grow your investment smarts, which, let's be honest, not all platforms bother to offer.

Sure, if you're looking for super advanced tools, TD Easy Trade might feel a bit basic, and it’s more stocks and ETFs-centric. But hey, simplicity has its own charm, doesn't it?