Top 7 Best Investment Apps in Canada 2025

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Adam Woodhead
Adam Woodhead

Adam Woodhead

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Adam is a Co-Founder and content creator for The Investors Centre. His key areas of interest and expertise are cryptocurrency and blockchain technology.

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Thomas Drury

Thomas Drury

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Seasoned finance professional with 10+ years' experience. Chartered status holder. Proficient in CFDs, ISAs, and crypto investing. Passionate about helping others achieve financial goals.

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Updated 07/01/2025

Explore our carefully curated list of top investment apps in Canada, each rigorously tested with real funds. All platforms are accessible to Canadian traders and investors.

Quick Answer: What is the Best Investment App in Canada?

Wealthsimple is the best overall investment app in Canada for 2025, thanks to its low fees, beginner-friendly interface, and availability of ethical investing options. Whether you’re just starting or looking to diversify your portfolio, Wealthsimple has something for everyone.

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Featured Investment App - Wealthsimple

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The Top 7 Investment Apps Ranked in Canada

  1. Wealthsimple – Low fees, user-friendly, and beginner-focused
  2. Questrade – Comprehensive tools, excellent for active investors
  3. Qtrade – Affordable, reliable, and full of educational tools
  4. Wealthsimple Self-Directed Investing – Great for DIY investors
  5. Questwealth (Questrade’s Robo-Advisor) – Hands-free investing with low fees
  6. Moka – Automated savings and investment app for small budgets
  7. CIBC Investor’s Edge – Reliable platform with strong customer support

As someone who has navigated the world of investing, I know how difficult it can be to find a platform that ticks all the boxes. From understanding fee structures to evaluating usability and ensuring compliance with regional  regulations, there’s a lot to consider. In particular, access to Canadian-specific tools like TFSAs and RRSPs often makes or breaks a platform for me. This list is built on years of experience and detailed research, highlighting the apps that deliver on these key factors.

How Do Investment Apps Compare in Canada?

Canada’s investment apps cater to diverse needs, from beginner-friendly robo-advisors to comprehensive platforms for advanced traders.

 

Here’s a table summarising key features to help you decide:

RankPlatformBest ForFeesAssets OfferedEase of Use
#1WealthsimpleBeginners, Ethical Investors$0 trading fees for ETFsStocks, ETFs, CryptocurrenciesVery intuitive
#2QuestradeActive Traders, DIY Investors$4.95–$9.95 per tradeStocks, ETFs, Mutual FundsModerate, robust tools
#3QtradeEducation-Focused Investors$6.95 per tradeStocks, ETFs, Mutual FundsUser-friendly
#4Wealthsimple Self-DirectedDIY Beginners$0 trading feesStocks, ETFsSimple, beginner-friendly
#5QuestwealthPassive Investors0.25–0.35% annual feesETFsEasy setup, automated
#6MokaSmall Budget Investors$3.99 monthly feeETFsHands-free, automated
#7CIBC Investor’s EdgeBank Integration Users$6.95 per tradeStocks, ETFs, Mutual FundsModerate, reliable

How Do Investment Apps Compare in Canada?

Canadian Market Insight

    • Beginners: Wealthsimple and Moka stand out with no minimums and easy-to-use interfaces.
    • Advanced Traders: Questrade and Qtrade offer extensive tools, customisation, and competitive fees.
    • Passive Investors: Questwealth provides low-cost portfolio management with hands-off investing options.

      Canada’s investment apps cater to diverse needs, from beginner-friendly robo-advisors to comprehensive platforms for advanced traders.

A recent Statista survey revealed that 67% of Canadians prefer using digital platforms for managing their investments, showcasing the growing trust in these apps. Source: www.statista.com.

The 7 Best Investment Apps in Canada:

wealthsimple logo

#1 Wealthsimple – Low fees, user-friendly, and beginner-focused

Why Do We Recommend It?

I started with Wealthsimple because of its zero-fee trades for stocks and ETFs. It felt like a safe choice as a beginner, and their ethical investing options resonated with me. Their customer support even walked me through setting up my first TFSA.

The platform’s design is clean and intuitive. I was surprised by how quickly I could open an account and start investing. The mobile app is equally impressive and makes tracking investments effortless.

Fee TypeCostDetails
Account Fees$0No account minimum
Trading Fees$0 for stocksFX fee applies for US trades
Robo-Advisor Fees0.5% annualIncludes automatic rebalancing
Asset ClassAvailable?Details
StocksYesCanadian and US markets
ETFsYesDiverse selection, free to trade
CryptocurrenciesYesBitcoin, Ethereum, and others

What Are the Pros & Cons?

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

#2 Questrade – Comprehensive tools, excellent for active investors

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Why Do We Recommend It?

When I wanted more control over my portfolio, Questrade became my go-to. Its robust tools and lower trading fees compared to banks helped me manage my RRSP effectively.

Questrade’s desktop and mobile platforms have a steeper learning curve, but the extensive tools are worth it. I’d recommend it for those ready to dive deeper into self-directed investing.

Fee TypeCostDetails
Trading Fees$4.95–$9.95Competitive for Canadian brokerages
Account Fees$0Requires a $1,000 minimum deposit
Mutual Fund Fees$9.95 per tradeApplies to all mutual fund trades
Asset ClassAvailable?Details
StocksYesCanadian, US, and international
ETFsYesFree to buy
OptionsYesDesigned for advanced traders

What Are the Pros & Cons?

#3 Qtrade – Affordable, reliable, and full of educational tools

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Why Do We Recommend It?

Qtrade impressed me with its comprehensive research tools and educational resources. When I was learning about advanced investment strategies, their platform’s resources helped me understand complex financial products.

Qtrade strikes a balance between usability and depth. While its tools are more advanced than Wealthsimple’s, it remains user-friendly enough for intermediate investors. Their responsive customer support also stands out.

Fee TypeCostDetails
Trading Fees$6.95 per tradeDiscounts for active traders
Account Fees$0No account minimum for active users
Inactivity Fees$25 quarterlyWaived with one trade per quarter
Asset ClassAvailable?Details
StocksYesDomestic and international markets
ETFsYesBroad selection
Mutual FundsYesNo-load funds available

What Are the Pros & Cons?

wealthsimple logo

#4 Wealthsimple Self-Directed Investing – Great for DIY investors

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Why Do We Recommend It?

When I felt confident enough to take more control over my portfolio, I transitioned to Wealthsimple’s self-directed option. It offers the same user-friendly interface but with more freedom to trade without paying commissions.

It’s perfect for those transitioning from robo-advisors to DIY investing. The app’s intuitive design made my first trades simple, and I didn’t feel overwhelmed by technical charts or jargon.

Fee TypeCostDetails
Trading Fees$0No commissions for stock/ETF trades
Foreign Exchange Fee1.50%Applies to US trades
Account Fees$0No account minimum
Asset ClassAvailable?Details
StocksYesCanadian and US stocks
ETFsYesFree trades
CryptocurrenciesNoOnly available via Wealthsimple Crypto

What Are the Pros & Cons?

#5 Questwealth (Questrade’s Robo-Advisor) – Hands-free investing with low fees

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Why Do We Recommend It?

When I was looking for a low-cost alternative to Wealthsimple’s robo-advisor, Questwealth stood out. It offers low management fees and custom portfolios, including socially responsible options.

Setting up my account was quick, and their tailored questions created a portfolio that suited my risk tolerance. I found the performance tracking tools easy to use, which kept me motivated to invest.

Fee TypeCostDetails
Management Fees0.25%–0.35%Lower than most robo-advisors
Account Fees$0No account minimum
Trading FeesN/AIncluded in management fee
Asset ClassAvailable?Details
ETFsYesCore of all portfolios
StocksNoNot available directly
BondsYesPart of managed portfolios

What Are the Pros & Cons?

#6 Moka – Automated savings and investment app for small budgets

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Why Do We Recommend It?

Moka, formerly known as Mylo, was the app that helped me start investing without noticing it. By rounding up my everyday purchases, I was saving and investing spare change effortlessly.

Moka’s hands-off approach makes it perfect for those who struggle to save. I barely noticed the small amounts being transferred, but the growth was encouraging to watch over time.

Fee TypeCostDetails
Monthly Fee$3.99Flat fee for all accounts
Additional Features$3 per monthIncludes socially responsible investing
Asset ClassAvailable?Details
ETFsYesCore of all portfolios
StocksNoNot available

What Are the Pros & Cons?

CIBC Investor’s Edge Logo

#7 CIBC Investor’s Edge – Reliable platform with strong customer support

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Why Do We Recommend It?

I tried CIBC Investor’s Edge when I wanted a more traditional brokerage option tied to my bank. Its integration with my existing accounts and strong support team made it a dependable choice.

While the interface is not as sleek as some competitors, I appreciated its reliability and comprehensive research tools. The support team also resolved my queries promptly.

Fee TypeCostDetails
Trading Fees$6.95 per tradeReduced fees for frequent traders
Account Fees$100 annualWaived with $10,000 balance
Inactivity Fees$0None
Asset ClassAvailable?Details
StocksYesCanadian and US markets
ETFsYesBroad selection
Mutual FundsYesExtensive availability

What Are the Pros & Cons?

What Factors Should Canadians Consider When Choosing an Investment App?

When choosing an investment app, Canadians should evaluate:

  • Fees: Look for apps with low or no trading fees, as these can significantly impact returns over time.
  • User Experience: Ensure the platform is easy to navigate, especially for beginners.
  • Investment Options: Some apps offer stocks and ETFs, while others focus on mutual funds or cryptocurrencies.
  • Support and Resources: Reliable customer support and educational tools can make a big difference, particularly for novice investors.
  • Safety: Choose apps that comply with Canadian regulations and offer security features like two-factor authentication.

Your decision should align with your goals, whether it’s building long-term wealth or actively trading.

How Did We Rank the Best Investment Apps in Canada?

Our rankings are based on a combination of personal experience, user reviews, and expert recommendations. Key factors include:

  • Fees: Apps with competitive or no fees scored higher.
  • Usability: Platforms with intuitive designs earned top marks.
  • Features: We considered the range of assets and tools available.
  • Customer Support: Apps with responsive and knowledgeable teams were prioritised.
  • Reputation: Only trusted and well-regulated apps made the list.

This approach ensures our recommendations cater to both new and experienced Canadian investors.

What Are the Benefits of Using an Investment App in Canada?

Investment apps simplify the investing process, making it accessible to everyone:

  • Convenience: Manage your portfolio anytime, anywhere with mobile access.
  • Low Costs: Most apps eliminate traditional brokerage fees, saving you money.
  • Beginner-Friendly: Robo-advisors and intuitive interfaces help new investors get started.
  • Customisation: Choose between self-directed trading or automated portfolios.
  • Education: Many platforms provide resources to help users build their financial literacy.

 

In 2025, investment apps continue to empower Canadians by bridging the gap between everyday users and financial markets.

Are Canadian Investment Apps Safe to Use?

Yes, Canadian investment apps are generally safe, provided they are regulated and follow industry standards. Key safety measures include:

  • Regulation: Most apps comply with Canadian regulators like IIROC and CIPF.
  • Encryption: Secure data transmission ensures user information is protected.
  • Account Insurance: Many platforms offer insurance coverage for accounts.

 

To stay secure, always use two-factor authentication and avoid sharing your login details. Checking user reviews and app reputation before investing is also essential.

How Do Canadian Investment Apps Compare to Traditional Brokerage Services?

Canadian investment apps offer advantages over traditional brokerage services:

  • Lower Fees: Apps often have no or low trading fees compared to traditional brokers.
  • Ease of Use: Digital platforms are user-friendly and don’t require advanced financial knowledge.
  • Accessibility: Apps allow you to invest with minimal funds, unlike some brokers with high account minimums.
  • Automation: Robo-advisors handle portfolio management, making investing hands-free.

 

However, traditional brokerages may still be better for advanced tools, comprehensive advice, or specialised investments like derivatives. Your choice depends on your investing goals and experience level.

Summary and Key Takeaways for Canadian Investors

Investment apps have revolutionised how Canadians invest, offering:

  • Ease of Access: Intuitive platforms make it simple to start investing.
  • Cost Savings: Apps eliminate or reduce traditional brokerage fees.
  • Variety: Choose from DIY platforms or automated portfolio options.

The best app for you depends on your goals, experience, and budget. Beginners might prefer Wealthsimple, while advanced traders could opt for Questrade. By leveraging these tools, Canadians can build wealth and achieve financial independence more effectively.

FAQs

Wealthsimple is the best app for beginners due to its zero-commission trades, intuitive design, and strong customer support.

Yes, most apps comply with regulations by IIROC and CIPF, ensuring user protection and account safety.

Yes, platforms like Questrade and Wealthsimple allow Canadians to trade US stocks, though foreign exchange fees may apply.

No, reputable apps are transparent about their fees. Check for potential charges like foreign exchange or inactivity fees.

Yes, apps like Questrade and Wealthsimple offer registered accounts like TFSAs and RRSPs for tax-efficient retirement savings.

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