The best investing apps canada enable Canadians to buy and sell stocks, ETFs and mutual funds on the go. These mobile investment tools also offer educational features, news and analysis. They are mainly designed to cater to beginner investors, who can use their services for free. Some apps also integrate with banking services for convenience.
Best investing apps canada who want to control their own investments can choose between online brokerage apps and robo-advisors. Online brokerages are platforms that allow users to buy and sell shares, and they typically offer a wide range of trading instruments and research tools. Robo-advisors, on the other hand, automatically invest a portfolio of securities based on an investor’s risk tolerance and financial goals.
Best Investing Apps Canada: Top Picks for 2024
While many people assume they need a large amount of money to invest, micro-investing makes it possible to invest consistently, regardless of income level or savings. This strategy involves rounding up everyday transactions to the nearest dollar and investing the spare change in a diversified portfolio of low-cost ETFs.
Canadians can find the right investing app to suit their needs by comparing features and pricing. For example, Questrade is a top-rated Canadian investment app with low trading fees and a robust online platform that allows advanced traders to customize their experience. Its user-friendly interface won the J.D. Power 2020 Canada Self-Directed Investor Satisfaction Award, while its mobile application provides a powerful trading tool with multiple advanced data streams. In addition to offering a competitive set of investment options, Questrade offers the convenience of pre-designed Questwealth Portfolios for investors who prefer to let an expert do the work for them.