Best Investment App in Canada (2025): Top Apps Compared
Best Investment App in Canada for 2025
I've tested every major investing app in Canada. Here's which one actually deserves your money—and your time.
Best Overall: Wealthsimple
Zero commissions, fractional shares, beautiful design, and automatic investing. The best mobile investing experience in Canada.
Get $25 Free to StartQuick Comparison: Top Canadian Investment Apps
| App | Commission | Fractional Shares | App Rating | Best For |
|---|---|---|---|---|
| Wealthsimple | $0 | Yes | ★★★★★ | Overall best |
| Questrade | $0 ETF buy | No | ★★★☆☆ | US stocks |
| TD Direct | $9.99 | No | ★★★☆☆ | TD customers |
| BMO InvestorLine | $9.95 | No | ★★☆☆☆ | BMO customers |
| RBC Direct | $9.95 | No | ★★★☆☆ | RBC customers |
| CIBC Investor's Edge | $6.95 | No | ★★☆☆☆ | Budget bank |
| Interactive Brokers | $1-2 | Yes | ★★★☆☆ | Active traders |
| Moomoo | $0 | No | ★★★☆☆ | Research tools |
What I Looked For
How I Ranked These Apps
Fees & Commissions
Zero or low-cost trading for stocks and ETFs
Mobile Experience
Clean, intuitive app that makes investing easy
Fractional Shares
Ability to invest any dollar amount
Automatic Investing
Set-and-forget recurring investments
Account Types
TFSA, RRSP, FHSA, and other registered accounts
Security & Trust
CIPF protection and regulatory compliance
Detailed App Reviews
1. Wealthsimple
Best Overall **Why it's #1:** Wealthsimple offers the best combination of features for everyday Canadians. Zero commissions mean you can invest $10 or $10,000 without fees. Fractional shares let you invest every dollar. And the automatic investing feature makes building wealth completely hands-off. **The app itself** is the best in Canada—clean, fast, and intuitive. You can buy XEQT in literally 30 seconds. No clunky interfaces, no confusing menus.Try the Best Investment App in Canada
Join millions of Canadians investing with Wealthsimple. Zero commissions, fractional shares, and the best mobile experience.
Claim Your $25 Bonus2. Questrade
Best for US Stocks **The case for Questrade:** If you're buying US stocks like Apple or Amazon, Questrade's USD account and Norbert's Gambit support can save you thousands in currency conversion over time. It's also the go-to for options traders. **The downside:** The app feels dated compared to Wealthsimple. No fractional shares means leftover cash sits uninvested. And you pay $4.95+ to sell ETFs.3. Interactive Brokers (IBKR)
Best for Active Traders **Who it's for:** Serious, active traders who need access to global markets, options, futures, and forex. IBKR offers the most comprehensive trading platform available in Canada. **Why most people should skip it:** The interface is overwhelming for beginners. Account minimums and fee structures are complex. For simple ETF investing, it's massive overkill.4. TD Direct Investing
Best Bank-Owned Option **The appeal:** If you already bank with TD, keeping everything in one place has convenience value. The app is decent (best among the Big 5 banks), and you get access to TD's research. **The cost:** $9.99 per trade adds up fast. No fractional shares. For passive investors buying XEQT monthly, you'd pay $120/year in commissions alone.5. Moomoo
Best Free Research **What stands out:** Moomoo offers institutional-grade research tools for free. Real-time quotes, advanced charting, and community features. Commission-free trading competes with Wealthsimple. **The concerns:** Newer to Canada (launched 2022). Owned by Futu Holdings (Chinese company), which concerns some investors. No fractional shares.6-8. Big Bank Apps (BMO, RBC, CIBC, Scotia)
Only If You Must **The honest truth:** Bank-owned investing apps exist primarily to keep your money in their ecosystem. They charge $6.95-$9.99 per trade, offer no fractional shares, and their apps range from "okay" to "painful." **When they make sense:** If you have a premium banking package that waives trading fees, or you strongly prefer keeping all finances at one institution. **For everyone else:** Wealthsimple or Questrade are objectively better choices.The Bottom Line on Bank Apps
I tested all the Big 5 bank investing apps. None come close to Wealthsimple's mobile experience. The $9.99 commissions alone disqualify them for regular investing. Don't let brand familiarity cost you hundreds in unnecessary fees.
Best App by Use Case
Beginner Investor
Simplest interface, no minimum, zero fees to make mistakes while learning.
XEQT/ETF Investor
Zero commissions + fractional shares = perfect for regular ETF investing.
US Stock Investor
USD account and Norbert's Gambit save money on currency conversion.
Active Trader
Best tools, lowest margin rates, access to global markets.
Set-and-Forget Investor
Automatic deposits + auto-invest = true hands-off investing.
Research-Focused
Best free research tools and real-time data for analysis.
Ready to Start Investing?
Download Wealthsimple, the best investment app in Canada. Zero commissions, fractional shares, and $25 free.
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Why Mobile Investing Matters
Today’s investors don’t sit at desktops. We check portfolios during lunch, deposit money on the bus, and buy ETFs from our couches. The quality of a broker’s mobile app directly impacts whether you’ll actually use it.
Wealthsimple understood this from day one. Their app was designed mobile-first, not as an afterthought to a desktop platform. The result is an investing experience that feels as smooth as checking Instagram.
Don't Let a Bad App Stop You From Investing
The biggest risk isn't picking the "wrong" app—it's not investing at all. A clunky app you don't enjoy using becomes an app you avoid. Pick an app that makes investing feel easy, not like a chore.
Frequently Asked Questions
Is Wealthsimple safe?
Yes. Wealthsimple is a member of CIPF, which protects your investments up to $1 million if the firm becomes insolvent. Your securities are held separately from Wealthsimple's assets. Same protection as any Canadian bank or broker.
What's the minimum to start investing?
Wealthsimple has no minimum deposit—you can literally start with $1. Questrade and most other platforms also have no minimums, though some bank brokerages require $1,000+.
Can I transfer from another broker to Wealthsimple?
Yes. Wealthsimple offers free incoming transfers and may reimburse your old broker's transfer-out fee. The process typically takes 2-4 weeks.
Which app has the best customer service?
None are exceptional, honestly. Wealthsimple offers in-app chat. Questrade has phone support. Bank brokerages let you visit branches. For simple buy-and-hold investing, you rarely need support anyway.
Should I use multiple investing apps?
You can, but it adds complexity. Most people do fine with one broker. If you want Wealthsimple for CAD ETFs and Questrade for US stocks, that's a valid setup—just keep good records for tax time.
What about Robinhood in Canada?
Robinhood doesn't operate in Canada. Wealthsimple is often called "the Robinhood of Canada" because of its commission-free model and clean mobile app.
Do these apps work for registered accounts (TFSA/RRSP)?
Yes. All major Canadian investing apps support TFSA, RRSP, and FHSA accounts. There's no advantage to using a bank for registered accounts.
The Verdict: Wealthsimple Wins
For most Canadians—especially those interested in simple, low-cost ETF investing—Wealthsimple is the best investment app in Canada.
Why Wealthsimple:
- $0 commissions (buy AND sell)
- Fractional shares (invest any amount)
- Automatic investing (true set-and-forget)
- Best mobile app experience
- TFSA, RRSP, FHSA support
- $25 sign-up bonus
Unless you need USD accounts, options trading, or institutional-grade research tools, Wealthsimple does everything you need—and does it better than anyone else.
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Referral Bonus & Promo Resources
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