Best Investment Apps Canada

Best Investment Apps Canada make it easy for Canadians to build wealth with convenient, low-cost access to the stock market. They typically eliminate or significantly reduce traditional brokerage fees, making it easier to grow a portfolio. Many offer beginner-friendly platforms, robo-advisors and other automated processes to simplify the process for new investors. They also often offer features like education, articles and resource to help improve financial literacy.

Best Investment Apps Canada: Manage Your Portfolio on the Go

Investors should choose an investment app that complies with regulators like IIROC and CIPF, uses two-factor authentication and offers high levels of data encryption. They should also check the app reputation and user reviews to ensure the platform is reputable. Once they have chosen an app, users should sign up and fund their account with money from their bank to start investing. Once they’ve built up their investments, they should regularly check in on the app to see how their portfolio is performing and whether it is meeting their investment goals.

Betterment is a top choice among Canadian robo-advisors, with its top-rated mobile app and user interface that makes it simple for novices to manage their accounts. It offers a diverse range of portfolios based on your goal, risk tolerance and time horizon. It also offers educational resources and a mobile-optimised website. Questrade is a great option for DIY investors who want to save on ETF trading fees, and it provides competitive pricing on stocks and mutual funds. TD Investors Edge is another great choice for those already banking with TD and who want access to their excellent customer support team.