“Updated October 2025 – Added new data and recommendations.”
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Best Investing Apps in Canada 2025
Introduction
Investing used to mean calling your bank advisor, waiting on hold, and paying hefty commissions. Fast forward to 2025, and the story has completely changed. Canadians now have access to powerful investing apps that put the market in their pocket — no matter if they’re managing a TFSA, RRSP, or just starting out with their first $100.
But here’s the problem: there are dozens of platforms to choose from, and not all of them are worth your time (or money). Some focus on simplicity and commission-free trading, while others offer pro-level tools and global market access.
Compare trading platforms in Canada
In this guide, we’ll cover the Best Investing Apps in Canada 2025, showing you which platforms are worth your time, compare their features side-by-side, and share honest pros and cons for each one. By the end, you’ll know which platform is right for your goals — whether you’re a beginner dipping your toes in or a seasoned trader ready to scale.
Quick Comparison Table: Best Investing Apps in Canada 2025
| App | Best For | Account Types | Fees | Standout Features |
|---|---|---|---|---|
| Wealthsimple Trade | Beginners & Commission-Free | TFSA, RRSP, Non-Registered | $0 commissions (FX fee applies) | Fractional shares, sleek mobile app |
| Questrade | DIY & ETF Investors | TFSA, RRSP, Margin, Corporate | $4.95–$9.95 per trade | Free ETF buys, strong research |
| Interactive Brokers (IBKR) | Advanced/Global Traders | Margin, Corporate, TFSA (limited) | $0.01/share (min $1) | Global markets, pro tools |
| RBC Direct Investing | Bank-Integrated Users | TFSA, RRSP, RESP, Margin | $9.95 per trade | Easy link to RBC accounts |
| National Bank Direct Brokerage | Cost-Conscious Canadians | TFSA, RRSP, Margin | $0 commissions | Big-bank security + free trades |
Wealthsimple Trade
Why It Stands Out
Wealthsimple Trade has become the go-to app for beginners in Canada. Its clean interface, zero-commission Canadian trades, and fractional shares make it easy to start investing without stress.
I personally still use Wealthsimple because it’s the easiest platform on this list. The interface is clean, and I like that it also offers crypto alongside stocks and ETFs. Yes, the foreign exchange fees are high for U.S. trades, but for long-term investing in Canadian stocks, It’s definitely worth it.
Sign up for Wealthsimple Trade here
Pros
- $0 commission on Canadian stocks and ETFs
- Fractional shares for popular companies like Apple or Tesla
- Easy TFSA/RRSP setup
- Super beginner-friendly mobile app
Cons
- 1.5% FX fee on U.S. trades
- Limited research tools and no advanced charting
Questrade
Why It Stands Out
If you’re ready to move beyond “just starting,” Questrade is one of the best platforms for serious DIY investors. With free ETF purchases, competitive commissions, and more account types, it gives you the flexibility to grow.
I noticed that Questrade isn’t as beginner-friendly as Wealthsimple. The platform takes some getting used to, and the fees are slightly higher, especially for smaller trades. That said, it offers way more flexibility like free ETF buys, margin accounts, and advanced research tools. I’d recommend Questrade for more intermediate traders who are ready to move beyond the basics.
Pros
- Free ETF purchases (just pay to sell)
- Low stock commissions ($4.95–$9.95)
- Supports corporate and margin accounts
- Excellent reputation in Canada
Cons
- Platform has a steeper learning curve than Wealthsimple
- Some extra fees for data packages or inactivity
Related read: How to Invest in Stocks in Canada with Little Money (Beginner’s Guide 2025).
Interactive Brokers (IBKR)
Why It Stands Out
Interactive Brokers is a beast. If you’re an advanced trader looking for global market access, ultra-low fees, and pro-level tools, IBKR is unmatched. But make no mistake — it’s not for casual investors.
Honestly, IBKR isn’t beginner-friendly at all. The dashboard can feel overwhelming, and it’s easy to get lost if you’re new to investing. But here’s the trade-off: it offers advanced options like margin trading, options contracts, futures, and access to over 150 markets worldwide. If you’re an intermediate or advanced trader who wants pro-level charting, forex, or derivatives, IBKR is unmatched. I’d only recommend it once you’re confident and want to trade beyond simple stocks and ETFs.
Pros
- Rock-bottom trading fees
- Access to 150+ markets worldwide
- Advanced charting, options, forex, futures, and more
Cons
- Overwhelming for beginners
- Limited support for Canadian registered accounts (TFSA/RRSP)
RBC Direct Investing
Why It Stands Out
For loyal RBC clients, Direct Investing keeps everything in one ecosystem. You can transfer funds seamlessly from your RBC chequing to your investing account, while still accessing research tools and a wide range of account types.
I haven’t personally used RBC Direct Investing, but I know people who like keeping their banking and investing under one roof. From what I’ve seen, it’s convenient if you’re already an RBC client since transfers between accounts are seamless. The downside is the $9.95 commissions — not the cheapest option compared to Wealthsimple or National Bank. I’d see it as a solid choice for loyal RBC users who value convenience over rock-bottom fees.
Pros
- Integrated with RBC banking
- Solid analyst research and reports
- Broad range of accounts including RESP
Cons
- $9.95 per trade (not cheap)
- No free ETF trades
National Bank Direct Brokerage
Why It Stands Out
National Bank made headlines when it became the first Canadian bank to eliminate commissions on stocks and ETFs. If you want big-bank stability with modern pricing, this one’s hard to beat.
I don’t use National Bank myself, but I’ve noticed it’s been getting a lot of attention since they introduced $0 commissions on stocks and ETFs. That’s huge in Canada. From what I hear, the platform isn’t as sleek or beginner-friendly as Wealthsimple, but the pricing makes it really appealing if you want a traditional bank behind your account. I’d recommend it for cost-conscious investors who don’t mind a slightly less modern interface.
Sign up with National Bank Direct Brokerage
Pros
- $0 commissions on stocks and ETFs
- Backed by a major Canadian bank
- Solid research resources
Cons
- Platform isn’t as sleek as Wealthsimple
- Limited global reach compared to IBKR
How to Choose the Right Investing App
Here’s how to narrow it down:
- Your experience level: Beginners → Wealthsimple. Intermediate → Questrade. Pros → IBKR.
- Fees matter: If you trade a lot, look for commission-free (Wealthsimple, National Bank).
- Accounts you need: Want RESP? Stick with RBC. Want corporate? Questrade or IBKR.
- Tools you want: If you care about pro-level charting, IBKR wins.
Also see How to Invest in Stocks in Canada with Little Money
FAQs About the Best Investing Apps in Canada 2025
1. Are these apps safe?
Yes. Most are IIROC-regulated and CIPF-insured, meaning your funds are protected up to $1M.
2. Can I buy U.S. stocks?
Yes, but watch for FX fees. Questrade and IBKR often have better currency exchange options.
3. Which app is cheapest?
Wealthsimple Trade and National Bank Direct Brokerage both offer $0 commission trades.
4. Can I hold U.S. dollars in these accounts?
Questrade and IBKR allow USD accounts, which helps reduce FX fees.
5. Which is best for absolute beginners?
Wealthsimple Trade — it’s simple, intuitive, and commission-free.
Conclusion
Choosing the right app can make or break your investing journey. The truth is, there’s no one-size-fits-all answer — it depends on your goals, experience, and how hands-on you want to be.
If you’re just starting out, Wealthsimple Trade is the easiest and cheapest way to dip your toes in. If you’re ready to scale up, Questrade offers more advanced features without breaking the bank. And if you’re chasing global opportunities, Interactive Brokers is unmatched.
The key is to start. The earlier you invest, the sooner compound growth starts working for you.
Don’t wait, the best time to start investing was yesterday. The second-best time is today. Pick an app, start small, and let compound growth do its thing. Download Wealthsimple Trade or open a Questrade account today and start building your future.
