Canada Trading Platforms offers the ability to trade equities, Exchange-Traded Funds (ETFs), mutual funds and other securities on your own terms. However, not all platforms are created equal. Consider your priorities and investment style when deciding which brokerage to use. Once you understand your needs, compare a wide range of trading apps to find the one that’s right for you.
Investors looking for an all-around experience should look no further than Questrade Canada. This broker offers five trading platforms and a robust library of investor education content. Its pricing is transparent and competitive, with no monthly fees or inactivity charges for most accounts. It also offers a generous portfolio of investments and access to both Canadian and U.S. markets.
Canada Trading Platforms: Choosing the Right One for You
Scotia iTRADE is another option for investors who are seeking a comprehensive, self-directed online brokerage. It offers a variety of account types, including tax-free savings accounts (TFSAs), registered retirement saving plans (RRSPs) and RRIFs. Its trading platform is intuitive and easy to use, with features like market updates and mobile trading. It also offers competitive commissions, with stock trades costing $9.99 and options at $9.99 per contract.
Wealthsimple Trade is a good choice for new investors who want to build their portfolio with low-cost trades. Its simple interface makes it easy to get started, and its free TFSA and RESP account make it an attractive choice for new investors. Its platform is available on desktop, mobile and web, and it supports both U.S. and Canadian equity trades.