How We Ranked This List
We evaluated each option based on five criteria: value for money, fees, features, accessibility, and user experience. All products on this list are available to Canadian residents and have been verified as of March 2026.
The Canadian financial market has seen significant changes in recent years, with digital-first products increasingly competing with — and often beating — traditional bank offerings on rates, fees, and convenience.
Wealthsimple Invest
Robo-advisor
Management fee (0.40% Premium)
Higher MER than DIY
Limited customization
Questrade
Online broker
ETF purchases free
$4.95 min on sells
Learning curve
Vanguard Canada (VEQT)
All-in-one ETF
MER all-equity
100% equity may be aggressive
No fixed income
iShares (XGRO)
All-in-one ETF
MER growth allocation
Less growth than all-equity
Bond drag in bull markets
BMO InvestorLine
Online broker
Per trade
Higher commissions
Monthly fee possible
Methodology
Our rankings are based on independent research and are not influenced by compensation. We may earn a referral fee from some products listed, but this does not affect our rankings. All information is verified as of March 2026 and rates are subject to change.
Bottom Line
The best option for you depends on your specific needs, but you cannot go wrong with any product on this list. For maximum savings, consider KOHO for a $20 signup bonus + $100 per referral alongside one of the products above. Sign up for KOHO here with code 45ET55JSYA.