Best Investing Apps in Canada for 2026

Best Investing App Canada 2026: Ranking at a Glance

This table lists the ten ranked apps in score order. Scores are out of 5 and shown to one decimal. Qtrade and Desjardins both show 4.3, and moomoo and Webull both show 3.5; in each pair the order follows the unrounded score. Trade prices are for an online order of 40 shares worth $2,000.

The filter below lets you tick the features you need, such as an FHSA, fractional shares or $0 commissions, and lists every broker we cover that has them. Please note that it sorts matches by our overall broker score, which uses different weights from this beginner-weighted app ranking, and it also includes brokers whose app we could not confirm.

Master Comparison Table: Ten Investing Apps in Canada

This is the full side-by-side view, which you can search and sort. Every figure comes from each broker’s published pricing, account and app pages on October 22, 2026. “Not published” means we could not confirm the item on the broker’s own pages.

All ten brokers are on CIPF’s member list. Wealthsimple’s options price applies to US equity and ETF options; index options carry a separate per-contract fee.

The Ten Investing Apps Ranked

Each card shows the score, a bar out of 5, why the app sits where it does, what it costs and what the app offers. Sub-scores are out of 5 for cost, accounts, US investing, beginner features and safety.

1. How We Ranked These Investing Apps

The app filter. This page includes a broker only if its own pages name a mobile app. Ten of the 13 brokers we cover meet that rule. Questrade, National Bank Direct Brokerage and Scotia iTRADE are left out for now: Questrade’s app names were not confirmed on the pages we checked, National Bank does not give its mobile app’s name, and Scotia iTRADE describes three unnamed platforms reached through the Scotia banking apps. All three are ranked on our best online brokers and best brokers for beginners pages.

The beginner weighting. Each app gets a sub-score from 0 to 5 on five factors, which we weight and add. We use the same weights as our beginner broker ranking, because most people choosing an app are building a first portfolio. The full rules are on how we rate brokers, and how we earn money is set out in our advertiser disclosure. No broker can pay to change a weight or a position.

How the cost score works. Wealthsimple’s active and buy-and-hold profiles both cost $0, so its cost score is the full 5.0. Interactive Brokers’ profiles cost $36 (36 trades at $1) and $12 (12 trades at $1), an average of $24, so it scores 5 minus $24 / $80 = 4.7. Webull’s only cost on either profile is its $8.40 yearly account fee. Other cost scores are rounded to two decimals.

A worked total. Wealthsimple: cost 5.0 x 0.35 = 1.75; accounts 5.0 x 0.15 = 0.75; US 3.5 x 0.05 = 0.175; beginner features 5.0 x 0.25 = 1.25; safety 4.0 x 0.20 = 0.80. The total is 4.725, shown as 4.7. Interactive Brokers: 1.645 + 0.60 + 0.1125 + 1.25 + 0.80 = 4.4075, shown as 4.4.

What the score leaves out. App store ratings, design, research tools and promotions are not scored, because they change often or cannot be measured the same way for every app. Our rules for sourcing and dating every figure are in our editorial standards.

2. Investing App Fees: Commissions, Account and Transfer Fees

Three kinds of cost. Every investing app can charge you in three ways: a commission on each trade, an account fee for holding an account, and a transfer fee when you leave. A $0 commission does not make an app free; the other two can still cost money.

Commissions. Five apps charge $0 on online stock and ETF trades for everyone: Wealthsimple, Qtrade, Disnat, BMO and Webull. Interactive Brokers and moomoo charge by the share, so small orders pay their minimums. CIBC, RBC and TD charge a flat fee per trade but offer ways around it: CIBC’s $0 trading for ages 18 to 24 with Smart Start, RBC GoSmart’s 50 free trades a year and TD Easy Trade’s 100 free trades a year.

Transfer fees. Leaving costs $150 at Qtrade, RBC and TD, and $150 for a full transfer at Disnat and Webull. moomoo charges $75 for a full transfer on Canadian-dollar holdings and again on US-dollar holdings. Wealthsimple charges $0 to transfer out. Section 12 shows which apps cover your old firm’s fee when you move in.

Account fees. Webull’s $0.70 a month per account adds $8.40 a year to each account. TD Direct Investing, Disnat and CIBC charge on small balances unless a waiver applies, so please check whether you qualify before you open an account with less than $15,000.

3. Yearly Cost for Four Investor Profiles

How we built these profiles. Each trade is a $2,000 order of 40 shares in a TFSA, priced at the app’s published commission, plus any account fee you cannot avoid at any balance, which here is Webull’s $0.70 a month. Prices quoted in US dollars are added as quoted. Profile A makes one Canadian trade a month. Profile B makes two Canadian trades and one US trade a month. Profile C makes two US trades a month. Profile D makes ten Canadian trades a month.

Reading the table. In Profile C, Interactive Brokers costs $24.00 (24 US trades at the USD 1 minimum) and moomoo $47.76 (24 x US$1.99), while the five $0 apps cost nothing except Webull’s $8.40 account fee. In Profile D, the $0-commission apps again cost nothing beyond that fee, while RBC and TD cost about $1,200 (120 trades at $9.95 or $9.99).

Free-trade allowances change the picture. TD Easy Trade’s first 100 trades a year are free, so Profile A costs $0 there and Profile D costs 20 trades x $9.99 = $199.80. RBC GoSmart’s 50 free trades a year cover Profile A in its TFSA, FHSA and RRSP. CIBC clients aged 18 to 24 with Smart Start pay $0 commissions in every profile.

Your own pattern. These profiles are examples. If you mostly buy Canadian ETFs once a month, Profile A is closest; if you buy US stocks often, look at C. Our investment fee calculator works out what your broker and funds cost each year for your own pattern.

4. Features for New Investors: Fractional Shares, DRIP and Recurring Buys

Why these features matter. When you invest small amounts, fractional shares let every dollar go to work, DRIP reinvests dividends automatically, and recurring buys make investing a habit. These are the features in our beginner sub-score, alongside the app itself and the account minimum.

Fractional shares and their fees. Wealthsimple charges nothing extra for a fractional trade. Interactive Brokers charges its normal per-share commission, with the minimum. TD charges $1.99 per partial-share trade, which is 3.98% of a $50 purchase ($1.99 / $50). For very small monthly amounts, that fee matters more than any other cost.

DRIP details. Wealthsimple turns dividend reinvestment on or off for a whole account, not per holding. TD’s DRIP reinvests whole shares only, so part of each dividend can stay as cash. Interactive Brokers reinvests fractionally if you have fractional permissions.

A caution on fractional shares. Wealthsimple states that fractional shares cannot be transferred to another institution. If you might move later, expect those positions to be sold first, which can create a taxable gain in a non-registered account. Our step-by-step guide to investing in Canada covers how to set up a first portfolio.

5. Account Types on Each Investing App

Check the account before the app. The account type often matters more than the app: the 2026 TFSA limit is $7,000, the 2026 RRSP dollar limit is $33,810 and the FHSA allows $8,000 a year up to $40,000 over your lifetime. An app that lacks the account you need is the wrong app, however low its fees.

First-home buyers. Eight of the ten apps offer an FHSA; Webull and moomoo do not. Our best FHSA accounts page ranks every provider that offers one, and the FHSA guide explains the rules.

Families. For an RESP, Wealthsimple, Qtrade, Disnat, BMO, CIBC and RBC list one. See our best self-directed RESP accounts for how they compare once grants are involved.

Retirees. For RRIF and locked-in accounts, Wealthsimple, Qtrade, Disnat, BMO, CIBC and RBC are the broadest choices, and Interactive Brokers added RRIFs in February 2026. Our best RRIF accounts and best LIRA accounts pages compare them.

Everyone else. For a TFSA or RRSP, every app here qualifies. Our best TFSA accounts and best RRSP accounts rankings sort providers by score for each one.

6. US Stocks on an App: US Commissions and USD Accounts

What US investing costs on an app. Five apps charge $0 on online US stock and ETF trades: Wealthsimple, Qtrade, Disnat, BMO and Webull. Interactive Brokers charges USD 0.005 a share with a USD 1 minimum, moomoo US$0.0099 a share with a US$1.99 minimum, CIBC $6.95, RBC $9.95 and TD $9.99. The other cost to check is any fee for holding US dollars in a registered account.

Which apps let you hold US dollars. TD Easy Trade’s TFSA, RRSP and cash accounts have a US-dollar side with no fee, Disnat offers US-dollar versions of the RRSP, TFSA, LIRA, RRIF and LIF with no fee stated, and moomoo’s TFSA and RRSP can hold US dollars with no fee stated. Qtrade charges US$15 a quarter for each RRSP, RRIF or TFSA that holds US dollars, included with Investor Plus. Wealthsimple’s USD account costs $120 a year ($10 x 12) plus tax on Core and is included on Premium ($100,000 in assets) and Generation ($500,000).

Ranked for US investing. Our best brokers for US stocks ranking puts 40% of the score on US investing; Desjardins and Questrade share the top score there at 4.6 / 5, with Desjardins listed first by name. If you buy US companies for their dividends, the best brokers for dividend investing page ranks the brokers that list a DRIP.

Account choice for US stocks. US dividends paid into a TFSA, FHSA or RESP have 15% US tax withheld under the Canada-US tax treaty (with a Form W-8BEN on file), and that tax cannot be recovered. RRSPs and RRIFs are exempt from it under the treaty. Our guide to US stocks in a TFSA explains the rules, and how to buy US stocks in Canada explains the process step by step.

7. Best Stock Trading App in Canada for Active Traders

Different needs, different leaders. Our main ranking favours beginners. If you trade often, use options or borrow on margin, other costs matter more. This section compares those costs among the ten apps; our best options trading platforms and lowest margin rates pages rank every broker on them.

How the options figures work. Four trades a month of two contracts each is 48 trades a year. At Interactive Brokers that is 48 x (2 x US$0.65) = $62.40. At Disnat, two contracts at $1.25 come to $2.50, below the $8.75 minimum, so each trade costs $8.75 and the year costs $420.00. At TD, each trade costs $9.99 plus $2.50, so the year costs $599.52.

Wealthsimple for options. Wealthsimple charges $0 commission and $0 per contract on US equity and ETF options; index options carry their own per-contract fees, and an early exercise or do-not-exercise instruction costs US$45. Registered accounts are limited to long calls, long puts, secured puts and covered calls, with other strategies in margin accounts only.

Trading hours. Wealthsimple offers 24-hour trading on US-listed stocks and ETFs five days a week, with extended-hours orders limited to limit orders and Canadian securities excluded. Frequent traders should also know that Wealthsimple’s Active Trader status starts at 50 or more manual trades in a calendar month.

Active-trader commission tiers. CIBC drops to $4.95 a trade at 150 or more trades a quarter, RBC to $6.95 and TD to $7.00. Even at those rates, an active trader pays far more than at the $0 apps unless research tools matter more to you than cost.

8. Safety: CIRO, CIPF and App Security

Regulation. Every broker behind these apps is an investment dealer on CIPF’s member list. CIRO, the Canadian Investment Regulatory Organization, oversees all investment dealers in Canada, and CIPF member firms are CIRO members.

What CIPF covers. If a member firm becomes insolvent, CIPF covers missing cash and securities up to $1,000,000 for general accounts (cash, margin, TFSA and FHSA combined), a separate $1,000,000 for retirement accounts (RRSP, RRIF and LIF) and another $1,000,000 for RESPs. It does not cover market losses, unsuitable advice, the failure of a company you invested in, or crypto. CDIC deposit insurance does not cover stocks or ETFs; our guide to CIPF vs CDIC sets the two protections side by side.

App security. Wealthsimple says clients who use passkeys are reimbursed for all direct losses from unauthorized account activity, and that it is SOC 1 and SOC 2 compliant. Whatever app you use, turn on two-step verification, use a unique password, keep your phone’s operating system updated and never share a one-time code.

Bank-owned or independent. Our safety score adds a point for ownership by a bank or financial cooperative group, which applies to Disnat, BMO, CIBC, RBC and TD. Independent firms such as Wealthsimple, Interactive Brokers, Qtrade, Webull and moomoo carry the same CIPF protection for eligible accounts. Our Is Wealthsimple safe? page covers one app’s protections in detail.

9. Investing Apps Canada Offers Beyond Self-Directed Trading

Every app here is self-directed. You choose each stock or ETF and place each trade yourself. That keeps costs low, but it also means you decide when to rebalance and what to do when markets fall. If you would rather have a portfolio built and rebalanced for you, that is a different product: see our ranking of the best robo-advisors in Canada, which compares yearly costs at $10,000, $50,000, $100,000 and $250,000.

Crypto inside an investing app. Wealthsimple’s app also offers crypto, held in a separate non-registered crypto account. Crypto is not covered by CIPF at any platform, and it cannot sit in your TFSA or RRSP at Wealthsimple. Our best crypto platforms page ranks the authorized platforms on fees, custody and safety.

Cash waiting to be invested. Uninvested cash earns very different amounts. Interactive Brokers pays 1.675% on Canadian dollars above CAD 13,000 (full rate with a net asset value above USD 100,000), Qtrade pays 0% on Canadian dollars up to $2,000,000, and CIBC pays 0.00%. Wealthsimple’s trading-account cash rate is not published; its chequing account pays 1.25% on Core. If you hold a large cash balance for months, our high-interest savings accounts page compares where it can earn more.

One app or two. Some investors keep long-term ETFs in one app with $0 trades and use a second app for options or margin trading. Two apps mean two sets of statements and tax slips, and each one has its own fees, so the saving has to be worth the extra work.

10. Sign-Up Offers and Their End Dates

Offers are listed, not scored. Promotions change often, so they play no part in our ranking. We list only offers whose terms were published when we checked on October 22, 2026. Please read the full terms before you rely on one, because most require you to keep the money in the account for a set period.

Qtrade’s reward tiers. Qtrade pays 5% of net new deposits from $1,000 to $10,000, then flat amounts from $550 to $5,000 by tier, plus the $100 bonus for funding $25,000 within 30 days. The rewards depend on keeping the money in until February 5, 2028.

Wealthsimple’s match in detail. The 1% applies to the first $2,000,000 transferred, so the maximum is $20,000. It is paid as 24 equal monthly payments into a Wealthsimple chequing account, and a 20% withdrawal buffer applies for 730 days. Eligible accounts include TFSA, RRSP, FHSA, non-registered and corporate accounts in Trade, managed investing and crypto.

Offers we do not list. BMO advertises a cash-back offer, but its terms and end date could not be verified, so we leave it out. We found no current sign-up offer for Interactive Brokers or Disnat.

Do not choose on the offer alone. A $100 bonus is worth less than a year of commission savings if you would otherwise make 12 trades at $9.99 ($119.88). Compare the yearly cost in section 3 first, then treat an offer as a tie-breaker.

11. How to Choose the Best Investing App in Canada

These steps narrow the list quickly. Most people end with two or three apps that fit, then pick on cost.

1. List the accounts you need. If you need an FHSA, Webull and moomoo drop out. For an RESP, RRIF or LIRA, look at Wealthsimple, Qtrade, Disnat, BMO, CIBC or RBC.
2. Decide how much US investing you will do. If you buy US stocks often, check the US commission and whether your TFSA or RRSP can hold US dollars, and at what fee (section 6).
3. Check the small-amount features. If you invest $50 or $100 at a time, you need fractional shares with no extra fee and automatic investing. Wealthsimple and Interactive Brokers both offer fractional shares.
4. Price your own pattern. Find the profile in section 3 closest to how you invest, or run your own numbers in the broker match tool and our investment fee calculator.
5. Check account fees for your balance. Under $15,000, look for TD’s, Disnat’s and CIBC’s small-balance fees and waivers, and Webull’s $0.70 a month per account.
6. Confirm the firm and its protection. All ten apps are run by CIPF member firms. Turn on two-step verification as soon as you open the account.
7. Move money by direct transfer. If you already invest elsewhere, ask the new app to request a transfer and check whether it covers your old firm’s fee.

12. How to Switch Investing Apps

Use a direct transfer, never a withdrawal. Open the new account and ask the new broker to request the transfer from your current one. For a TFSA, a direct transfer leaves your contribution room untouched. If you withdraw and redeposit it yourself, the redeposit uses new room and the withdrawal comes back only on January 1 of the next year, which can lead to an over-contribution taxed at 1% a month. Our guide to transferring an investment account covers the forms step by step.

Fees on CAD and USD holdings. moomoo charges its transfer-out fee on Canadian-dollar holdings and again on US-dollar holdings, so moving an account that holds both in full costs $75 for each, or $150 plus tax. If you hold both, check how your old broker counts the fee before you start.

Fractional shares and in-kind moves. Wealthsimple’s fractional shares cannot be transferred to another institution, so they are sold before the move. Whole shares can usually move in kind. In a TFSA or RRSP, a sale has no tax effect; in a non-registered account it can create a capital gain or loss.

Keep the old account until the move finishes. Do not close the old account yourself. The transfer closes it, and closing it early can turn a transfer into a withdrawal.

13. Common Investing App Mistakes

Ignoring options and transfer costs. A $0 stock commission does not mean $0 options: Disnat’s $8.75 minimum makes 48 two-contract trades cost $420.00 a year, against $0 at Wealthsimple. Leaving an app also costs $150 at most of them, so the wrong first choice has a price.

Choosing an app without the right account. Webull and moomoo do not offer an FHSA, and TD Direct Investing lists only five account types. Opening the wrong app and moving later can cost $150 or more in transfer fees.

Paying small-trade fees. TD’s $1.99 partial-share fee is almost 4% of a $50 purchase, and moomoo’s CA$1.49 minimum is 1.49% of a $100 trade. For small, regular amounts, use an app with $0 trades and fractional shares at no extra fee.

Letting account fees run. Webull’s $0.70 a month applies to each account, and small balances at TD, Disnat and CIBC can trigger quarterly or yearly fees. Check the waiver rules once a year.

Trading too often. An app makes trading easy, but frequent trading can raise costs and, inside a TFSA, the CRA can treat income from trading with the frequency and skill of a professional as business income. A plan you stick to beats a busy screen.

Skipping two-step verification. Your phone is the key to your account. Use a passkey or authenticator app and a unique password from day one.

What You Need and What You Get

10 Strategies to Pay Less on an Investing App

Illustrative Example: A First-Year TFSA on Eight Apps

Meet the Experts Behind WealthScale

Sharad Gondaliya, CPAWriter and tax reviewerCPA Ontario No. 61040184

Sharad is a CPA Ontario member (No. 61040184) and a Certified Public Accountant licensed in Washington and Montana, with more than 15 years in accounting and tax, a Diploma in Banking and Finance and a Certificate in Small Business Finance. He checks WealthScale content against primary sources. WealthScale is independent of his firm, Gondaliya CPA Professional Corporation, and provides general information only, not personal financial, investment, tax or legal advice.

• Chartered Professional Accountant, CPA Ontario
• Certified Public Accountant, Washington (No. 57629) and Montana (No. PAC-CPAP-LIC-033176)
• Writing on tax and registered accounts since 2021
• Reader’s Choice Award 2025 Winner, Best Accountant (Toronto)

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Neha Gupta, CFAFinancial ReviewerCFA charterholder

Neha Gupta is a CFA charterholder based in Winnipeg who has worked in financial markets since December 2005. She has published more than 2,600 investment articles and is Head of Operations and Finance at Whiteland Real Estate. She reviews WealthScale’s investing pages for accuracy.

• CFA charter, CFA Institute (awarded 2023)
• Post Graduate Diploma in Business Administration (Finance), 2008
• In financial markets since December 2005
• More than 2,600 published investment articles

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