Questrade is an award-winning Canadian investment platform offering self-directed and pre-built portfolios. Investors can access a suite of tax-free savings accounts, retirement plans, income funds and more. Regulated by CIRO, Questrade is an established broker, trusted by new and experienced investors.
Wealthsimple offers managed investment portfolios to Canadian residents. Clients can build a trading solution based on their financial goals and risk tolerance. Buy and sell stocks, ETFs, and cryptocurrencies. 2 million+ accounts have already been opened.
5 commission-free trades
Comment by Reviewer
"Questrade is a top pick for Canadian clients with both long-term and short-term investment goals. The firm boasts competitive fees and a range of tax-efficient savings accounts."
"Canadian traders looking for passive income opportunities will be well served by Wealthsimple. The quick and easy joining process also means you can sign up and start trading in a few minutes."
Transparent pricing structure with stocks starting from 1 cent per share and portfolio management fees from 0.25%
An impressive range of 17 accounts, suitable for both long-term investment goals, as well as short-term saving
Easy account opening with no set-up fees and a choice of flexible portfolio types, depending on risk appetite
Dual currency self-directed accounts in CAD and USD for convenient and fee-free investing across US and Canadian exchanges
Excellent mobile trading app for active equity or options traders, with advanced charting and order types, plus a strategy builder tool
Comprehensive learning centre with goal-tracking advice, platform tutorials and investment webinars
Trusted firm with oversight from the CIRO
Simple and secure onboarding process through an intuitive and well-reviewed mobile app - start investing in 5 minutes
Trade stocks from as little as $1 with zero commissions, plus Canadian fractional shares including Shopify and Royal Bank of Canada
Attractive perks available for Premium and Generation clients, including airport lounge access, 15% off your will, and health plans
Trade and stake digital coins on Canada's first regulated crypto platform and earn decent rewards of up to 4.6% per year
Accessible educational resources, including Personal Finance 101 and an engaging proprietary online magazine
Options trading available with flat $2 per contract pricing using any of the stocks and ETFs accounts
$1000 minimum deposit is high for beginners
No fractional shares for lower entry requirements
Canadian citizens accepted only
No youth investment accounts
Only Canadian residents can join after operations ceased in the USA and the UK
Limited to investing only in stocks, ETFs and cryptos