📈 Investing · March 2026
Best Investing Apps
in Canada 2026
Zero-commission trading changed Canadian investing forever. Here's every major investing app ranked by fees, account types, and signup bonuses you can collect right now.
Top Investing Apps Ranked
Canada's most popular investing app. Zero commission on Canadian and US stocks and ETFs. TFSA, RRSP, FHSA, and non-registered accounts available. Referral bonus: $25 (basic), $50 ($1k+), $100 ($5k+), $150 ($10k+ deposit). Clean, beginner-friendly interface. Best starting point for most Canadians.
Get Wealthsimple — up to $150 bonus →
Best for ETF investors — all ETF purchases are free (sells cost $4.95–9.95). Lower fees than banks for stock trading. Margin accounts, options, and USD accounts available. New $50 commission rebate for new accounts. More powerful tools than Wealthsimple but steeper learning curve.
Open Questrade account →
Hands-off, automated investing. You pick a risk level (conservative to aggressive) and Wealthsimple invests in diversified ETF portfolios automatically. 0.4–0.5% annual management fee plus fund MERs (~0.2%). Best for people who want to set it and forget it. Same referral bonus as Wealthsimple Trade.
Get Wealthsimple — $150 bonus →
Competitive pricing for active traders and options traders. Not as polished as Wealthsimple or Questrade but lower commissions for high-volume traders.
Full Comparison Table
| App | Stock Commission | ETF Commission | TFSA | RRSP | Signup Bonus |
|---|
| Wealthsimple Trade | $0 | $0 | ✅ | ✅ | $25–$150 |
| Questrade | $4.95–$9.95 | $0 buys | ✅ | ✅ | $50 rebate |
| TD Direct Investing | $9.99 | $9.99 | ✅ | ✅ | None |
| RBC Direct Investing | $9.95 | $9.95 | ✅ | ✅ | None |
| Scotiabank iTRADE | $4.99–$9.99 | $4.99–$9.99 | ✅ | ✅ | None |
| BMO InvestorLine | $9.95 | $9.95 | ✅ | ✅ | None |
Frequently Asked Questions
What is the best investing app for beginners in Canada?
Wealthsimple Trade is widely considered the best for Canadian beginners — zero commission, clean mobile app, TFSA/RRSP support, and a $25–$150 signup bonus. If you want truly hands-off investing, Wealthsimple Invest (the robo-advisor version) manages everything for you at 0.4–0.5% annual fee.
Is Wealthsimple safe for Canadians?
Yes. Wealthsimple is regulated by IIROC (Investment Industry Regulatory Organization of Canada) and is a member of CIPF (Canadian Investor Protection Fund), which protects up to $1 million of your investment accounts if the firm fails. It's one of Canada's largest fintech companies with over $30 billion in assets.
Can I invest in US stocks through Canadian apps?
Yes — both Wealthsimple Trade and Questrade support US stocks. Wealthsimple charges a 1.5% currency conversion fee (waivable with Wealthsimple Premium at $10/month). Questrade offers USD accounts to avoid conversion fees. Big bank brokerages also support US trading.
Should I use Wealthsimple or Questrade?
Use Wealthsimple Trade if you're buying stocks or ETFs occasionally and want the cleanest app experience. Use Questrade if you're primarily buying ETFs regularly (free ETF purchases), want more advanced tools, or are an active trader who will benefit from the $4.95 minimum commission vs Wealthsimple's $0.
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Disclosure: Bremo earns referral commissions on KOHO and Wealthsimple signups. This is not investment advice. Investing involves risk including possible loss of principal. Information as of March 2026.