Research has shown that a staggering number of Canadians use trading apps to invest. The types of investments vary, with some investors taking a hands-off approach with robo-advisors while others are active day traders. In addition, there are some apps that focus solely on penny stocks, while others offer access to a full range of shares and ETFs across the global markets. Which one you choose depends on your investing style, goals and experience level.

Some apps also provide educational tools and market insights, while others may offer a more customizable experience and the ability to trade with leverage. The fee structure is important, too, as some apps have very low fees and a robust online platform while others charge higher fees but boast better customer service and a larger selection of investments. Security and regulation are also critical factors when choosing a trading app, with all of them expected to adhere to strict security protocols. See details

Wealthsimple Alternatives Canada: Best Investment Apps

Questrade is a favorite among Canadian investors, owing to its user-friendly interface and competitive fee structure. It offers a wide range of financial instruments, including stocks and ETFs, while its robust app, top-rated customer service, and cutting-edge educational resources are a big draw for users. It is also the first Canadian brokerage to allow traders to trade cryptocurrency on their platforms, through its ETFs and CFDs.

CIBC Investor’s Edge is another top-rated trading app in Canada, offering an array of features that cater to both beginners and experienced investors alike. Its competitive pricing and straightforward platform make it an attractive choice, but some users complain about the incomprehensible fee reports that can make it hard to understand where your money ends up going.