A few apps have free trading, but the rest charge a fee to buy and sell stocks. Most of these charges come from trading commissions, which can vary by app and broker. Questrade and Wealthsimple have some of the lowest fees in Canada, while big bank brokerages are typically higher. In addition to stock trading fees, some apps have additional management fees, which can be a flat monthly fee (Moka), a percentage of the portfolio value (Questwealth Portfolios) or a minimum account size fee (TD Easy Trade).

These best canadian investment apps bring the stock market to your mobile phone with lower fees and easier access than traditional brokers. The best Canadian investment apps have low account minimums, are user-friendly, and offer education resources to help new investors. They also provide automated investing through robo-advisors, which make it possible to invest hands-free. Investing apps are a great option for Canadians of all ages and income levels who want to make quick everyday changes to their investments.

Best Canadian Investment Apps: Secure & User-Friendly Options

In addition to investment apps, a few fintech companies offer spending and saving apps that can be used to grow your savings. KOHO, for example, offers a prepaid card that rounds up purchases to the nearest dollar and allows you to save or invest the difference. This app may not be as comprehensive as an investment app, but it’s a convenient way to put your daily spend towards better financial goals.