WealthPerks
Updated May 2026

Best Investing App in Canada 2026

We compared Canada's top investment platforms on fees, account types, mobile experience, and referral bonuses. Here's what we found.

CIPF Protected

Up to $1M

CDIC Eligible

Deposit insurance

Verified Monthly

Code checked

4.8★ App Store

iOS & Android

$0 Commissions

Stocks & ETFs

Quick Answer

The best investing app in Canada for 2026 is Wealthsimple for most investors — especially beginners. It offers $0 commissions, supports TFSA, RRSP, FHSA, and crypto in one platform, has no account minimum, and offers a $25 signup bonus with referral code XVJHLJ when you deposit $100 from an external bank. Questrade is a better choice for active traders who frequently buy stocks.

Our Rankings

1

Wealthsimple

Editor's Pick

Best for beginners and all-in-one investors

✓ $0 commissions✓ TFSA, RRSP, FHSA, crypto✓ No account minimum✓ $25 referral bonus✓ Best mobile app
Get $25 bonus →
2

Questrade

Best for active stock traders

✓ Free ETF purchases✓ Lower cost for frequent traders✓ Broad account types✓ FHSA supported
See comparison →
3

TD Direct Investing

Best for existing TD banking customers

✓ Integrated with TD banking✓ Human advisor access✓ Well-established platform
See comparison →
4

RBC Direct Investing

Best for existing RBC customers

✓ Canada's largest bank✓ Integrated wealth management✓ CIPF protected
See comparison →
5

CIBC Investor's Edge

Best for existing CIBC customers

✓ Lower fees than TD/RBC ($6.95)✓ CIBC banking integration✓ CIPF protected
See comparison →

Full Platform Comparison

Feature
Wealthsimple$25 Bonus
Questrade
TD Direct Investing
RBC Direct Investing
CIBC Investor's Edge
Stock trading fees
$0
$4.95–$9.95/trade
$9.99/trade
$9.95/trade
$6.95/trade
ETF trading fees
$0
$0 to buy
$9.99/trade
$9.95/trade
$6.95/trade
Account minimum
$0
$1,000
$0
$0
$0
Mobile app quality
Ease of use
TFSA
✓
✓
✓
✓
✓
RRSP
✓
✓
✓
✓
✓
FHSA
✓
✓
✗
✗
✗
Action
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Data sourced from public platform pages. Verified May 2026. Fees subject to change.

Frequently Asked Questions

What is the best investing app in Canada for beginners?

Wealthsimple is the best investing app for beginners in Canada. It offers $0 commissions, a clean mobile-first interface, TFSA, RRSP, and FHSA support, and a $25 signup bonus when you use a referral code and deposit $100 from an external bank.

Is Questrade better than Wealthsimple?

Questrade is better for active traders who frequently buy and sell individual stocks. Wealthsimple is better for beginners, ETF investors, FHSA users, and anyone who wants crypto in the same account. Wealthsimple also offers a $25 referral bonus; Questrade does not.

Which Canadian investing app has the lowest fees?

Wealthsimple has $0 commissions on all stocks and ETFs. Questrade has $0 ETF purchases but charges $4.95–$9.95 for stock trades and ETF sales. Bank brokerages (TD, RBC, CIBC) typically charge $6.95–$9.99 per trade.