Best Stock Trading App Canada, List of Top 10 Stock Trading Apps
Get here the list of best stock trading apps in Canada that are user-friendly, cost effective, and perfect for beginners and experienced traders. Become an expert in this dynamic market by using these apps.
by P Nandhini
Published Apr 01, 2024 | Updated Oct 26, 2025 | 📖 3 min read
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Best Stock Trading App Canada
Do you want to invest in stocks and develop your money? Selecting the right stock trading app in Canada is an important step in achieving your financial goals. It's important to find an app that meets your needs when so many choices are available. These apps help you to buy and sell stocks, track your portfolio's performance, and stay updated with market trends.
In this article, we will discuss a few of the best stock trading apps in Canada, including their expenses and features to help you make a better choice and begin your investing journey with confidence. Here is a list of a few of the best stock trading apps in Canada:
S.No |
Stock Trading App |
|
1 |
Interactive Brokers |
|
2 |
CIBC Investor's Edge |
|
3 |
Wealthsimple |
|
4 |
Questrade |
|
5 |
Qtrade Direct Investing |
|
6 |
RBC Direct Investing |
|
7 |
Scotia iTRADE |
|
8 |
National Bank Direct Brokerage |
|
9 |
BMO InvestorLine |
|
10 |
MogoTrade |
Top 5 Best Stock Trading Apps in Canada
Investing in stocks can be simple and helpful with the right stock trading app. Here are the best 5 best stock trading apps in Canada:
Interactive Brokers:
Interactive Brokers offers a comprehensive stage for experienced traders. With access to stock markets in 33 different countries and 68 order types, it's a powerful tool. It has a layered estimating structure for commissions, with a minimum commission of $1 per trade.
CIBC Investor's Edge:
This app is amazing for beginners and offers a user-friendly stage with free exchanges for young investors. The stock trading charge ranges from $4.95 to $6.95 per trade.
Wealthsimple:
Wealthsimple is known for its low expenses and effortlessness. It doesn't charge commissions on exchanges and offers different educational resources for investors. However, it focuses on stocks and ETFs. There are no yearly expenses or account minimums, making it available for all investors.
Questrade:
Questrade is favored for its low-fetched and differing investment choices, including foreign currencies and commodity futures. Whereas it offers a web platform and a mobile application, a few users have reported lag times on the app. The stock exchange expense ranges between $4.95 and $9.95.
Qtrade Direct Investing:
Qtrade Direct Investing gives a well-rounded trading experience with competitive commissions. It gives access to separate research tools and tutorials to help investors to make good choices. The stock trading charge ranges from $6.95 to $8.75 per trade.
These best 5 stock exchanging apps in Canada provide extend of investors, from beginners to experienced traders, promoting various features to suit different needs and preferences.
How to Choose the Best Stock Trading App?
Investors can look for the following factors before selecting the Best Stock Trading App.
Fees and Commissions: Check the fees and commissions charged by the app. See for low or no commission expenses, but moreover, consider other charges like account expenses and money transformation fees.
Ease of Use: Select an app with a basic and instinctive interface, particularly if you're new to contributing. It should be simple to explore and understand.
Market Access: Make sure the app gives access to markets and securities you're interested in trading, whether it's Canadian stocks, universal stocks, choices, or ETFs.
Tradable Assets: Consider the variety of resources accessible for exchanging on the app. Look for choices such as ETFs, options, bonds, and cryptocurrencies.
Customer Support: Choose an app with responsive client support accessible to help you with any issues or questions you may have.
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FAQs - Best Stock Trading App Canada
. What is the best stock trading app in Canada for beginners?
Wealthsimple Trade is widely considered the best stock trading app for Canadian beginners due to its commission-free trading, simple interface, and no account minimums. It offers fractional shares and is regulated by IIROC (Investment Industry Regulatory Organization of Canada), making it safe for new investors.
. Are stock trading apps in Canada free?
Yes, several Canadian stock trading apps offer commission-free trading, including Wealthsimple Trade (for Canadian and US stocks), Questrade (with conditions), and CIBC Investor's Edge. However, some may charge fees for currency conversion, data feeds, or advanced features. Always check the fee schedule before opening an account.
. Can I trade US stocks from Canada using a mobile app?
Absolutely. Most Canadian stock trading apps allow you to trade US stocks, including Wealthsimple Trade, Questrade, TD Direct Investing, and Interactive Brokers Canada. Be aware of currency conversion fees (typically 1.5-2%) when converting CAD to USD, though some apps offer better rates.
. Which stock trading app has the lowest fees in Canada?
Wealthsimple Trade has the lowest fees for Canadian stocks (zero commission) and US stocks (zero commission but 1.5% currency conversion fee). Questrade offers very low fees at $4.95-$9.95 per trade with free ETF purchases. Interactive Brokers Canada has the lowest fees for active traders at $1 per trade minimum.
. Is day trading allowed on Canadian stock trading apps?
Yes, day trading is allowed on Canadian stock trading apps, but you need a margin account and must maintain a minimum balance (typically $25,000 CAD) to avoid pattern day trader restrictions. Apps like Questrade, Interactive Brokers, and TD Direct Investing support day trading with real-time data and advanced charting tools.
. Do Canadian stock trading apps offer TFSA and RRSP accounts?
Yes, most major Canadian stock trading apps offer both TFSA (Tax-Free Savings Account) and RRSP (Registered Retirement Savings Plan) accounts. Wealthsimple Trade, Questrade, TD Direct Investing, and CIBC Investor's Edge all support these registered accounts, allowing tax-advantaged investing directly from your mobile device.
. What is the safest stock trading app in Canada?
All major Canadian stock trading apps are highly safe as they're regulated by IIROC and members of CIPF (Canadian Investor Protection Fund), which protects accounts up to $1 million. The safest options include TD Direct Investing, CIBC Investor's Edge, RBC Direct Investing, and Questrade, all backed by major Canadian financial institutions.
. Can I buy fractional shares in Canada?
Yes, Wealthsimple Trade is the leading Canadian app offering fractional shares, allowing you to invest as little as $1 in expensive stocks like Amazon or Google. This feature is perfect for beginners or those wanting to diversify with limited capital. Most other Canadian apps like Questrade and TD do not currently offer fractional shares.
. How do I choose the best stock trading app in Canada?
Choose based on your needs: beginners should pick Wealthsimple Trade (free, simple), active traders need Questrade or Interactive Brokers (low fees, advanced tools), long-term investors benefit from bank-backed apps like TD or RBC (research, stability). Consider fees, account types (TFSA/RRSP), customer service, and available markets before deciding.
. Are there any Canadian stock trading apps with no currency conversion fees?
Interactive Brokers Canada offers the lowest currency conversion fees (0.002% using their IDEAL PRO system), far better than most Canadian apps charging 1.5-2%. Alternatively, Questrade allows you to hold USD in your account and convert using Norbert's Gambit strategy, avoiding high conversion fees when trading US stocks.
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