Investing isn’t reserved for the wealthy – it can be done with any amount of money. And, research shows that people who invest regularly earn more than those who don’t.
Canada Investing Apps make it easy to save and invest on a regular basis – no matter how much you have to invest. These apps often offer a wide range of investment options, including stocks, ETFs, bonds and GICs – as well as traditional investment accounts like RRSPs, TFSAs, RESPs and RRIFs. Many of these apps also integrate with your bank account for added convenience.
Canada’s Best Investing Apps for Every Type of Investor
Canada’s biggest banks have some of the most popular investment apps. For example, TD Direct Investing is simple enough for beginners and sophisticated enough for seasoned investors. It offers a suite of tools that help you analyze markets and make confident decisions, as well as seamless integration with your TD Bank accounts.
Another great option is Qtrade Direct Investing, which offers no trade fees for over 100 Canadian ETFs, no annual fee and no minimum balance. This app has received some of the highest user ratings in our research and boasts access to a broad range of securities and order types. However, active traders pay a higher rate than the average discount brokerage and there is a $25 quarterly account fee for certain accounts.
Questwealth, a Canada-based robo-advisor, is another popular choice among investors. Its portfolios are tailored based on your financial goals and risk tolerance, and are automatically rebalanced to ensure they’re properly allocated over time. Plus, it offers low management fees starting at 0.5%, dropping to 0.4% or 0.2% for Premium and Generation accounts with larger balances.