Best stock trading app for beginners canada

When it comes to DIY investing, the best apps are easy to use and don’t have high fees. That’s why so many Canadians opt for an online brokerage that delivers a robust mobile experience, along with competitive fees and features like zero-commission ETF trades. As the demand for these tools continues to grow, agile fintech startups are continuing to shake up the industry, forcing traditional brokerages to meet new demands with lower fees and better functionality.

Best stock trading app for beginners canada is an affordable and intuitive stock trading app for beginner investors. Designed for both iOS and Android, the app lets you monitor your portfolio, set price alerts and custom watchlists, and trade stocks and ETFs. It also supports two-factor authentication, customizable charts, and the ability to add a variety of technical indicators to your watchlists. Despite its popularity, some users have reported that the app can be sluggish or unresponsive and that the user interface feels dated compared to other trading apps.

Best Stock Trading App for Beginners Canada: Easy & Safe Choices

Questrade is another low-cost option for beginner traders in Canada. The app offers a comprehensive suite of beginner guides, including platform tutorials, and provides access to a free demo account. It was recently ranked highly for self-directed trading in the J.D. Power 2020 Canada Self-Directed Investor Satisfaction Study. Unlike CIBC, Questrade also allows its customers to open a variety of accounts, including tax-free savings and registered retirement savings plans.

Wealthsimple offers one of the lowest fees in Canada for purchasing ETFs and stocks. Their commission-free trades allow you to build a diversified portfolio in minutes. It also offers a number of other unique features, such as the ability to buy fractional shares and no minimum balance requirement. Its fee structure is a bit complex, though: it charges a flat monthly fee for its cheapest account type, while other options are charged per trade and per asset class.