Simplifying Trading for Canadians: Top Trading Apps to Download Now

Trading can be a complex and difficult activity for many Canadians. Luckily, there are now many trading apps out there that can help simplify the process and make it more accessible to all. In this blog post, we have listed the best Canadian apps to download right now and start trading easily. Let's talk about trading apps.

Wealthsimple:

Wealthsimple is a household name in the Canadian financial industry and its trading app is no exception. Wealthsimple Trade is a commission-free trading app that allows users to trade stocks and ETFs with no account minimum. The app is easy to use and perfect for beginners just starting to trade. Wealthsimple Trade has no minimum account balance, so users can start trading with as little or as much money as they want.Users can set up automated deposits to their Wealthsimple Trade account, making it easy to add funds regularly.Wealthsimple Trade is a member of the Canadian Investor Protection Fund (CIPF), which means that users' assets are protected by up to $1 million in the event that the company goes bankrupt.

Questrade:

Questrade is a popular online broker that also offers a mobile trading app. The app allows users to trade stocks, ETFs, options and more. It also has the ability for users to purchase ETFs for free, making it an attractive option for long-term investors. Questrade offers two advanced trading platforms for experienced traders: Questrade IQ Edge and Questrade Trading. These platforms provide access to advanced trading tools and features, as well as real-time market data. Questrade offers a range of educational resources, including webinars, video tutorials, and a trading community where users can share ideas and strategies.

Visit Questrade mobile app section

Interactive Broker:

Interactive Brokers is a more advanced trading platform perfect for experienced traders. This app provides access to global markets and advanced trading tools and features. It is also popular with active traders who need to make quick trades on the go. Interactive Brokers offers access to over 135 markets in 33 countries, making it an attractive option for investors who want to trade in international markets. Interactive Brokers offers several advanced trading platforms, including Trader Workstation (TWS), which provides access to advanced trading tools and features, as well as real-time market data. Interactive Brokers offers advanced trading tools, including algorithmic trading, smart routing, and customizable trading layouts.

TD Ameritrade:

TD Ameritrade app allows users to trade stocks, ETFs, options, futures and more. There is also a feature called "PaperMoney" that allows users to practice trading without risking real money.

BMO Investor Line:

BMO InvestorLine is a full-service online brokerage that also offers a mobile trading app. The app allows users to trade stocks, ETFs, and options, as well as access research and educational resources. A great option for Canadians who want a more traditional brokerage experience.

Visit BMO mobile app section

Scotia iTRADE:

Scotia iTRADE is another popular full-service broker that offers a mobile trading app. The app allows users to trade stocks, ETFs, options, and more. It also offers research and educational resources, and customizable dashboards that allow users to track their investments. Scotia iTRADE offers a range of advanced order types, including stop loss and limit orders, as well as trailing stop orders and one-cancels-the-other (OCO) orders. Scotia iTRADE offers access to initial public offerings (IPOs), giving investors the opportunity to invest in new companies before they are available to the general public.

Robin Hood:

Robinhood is a popular US commission-free trading app. The app is not yet available in Canada, but there are plans to expand to the Canadian market in the near future. Robinhood allows users to trade stocks, options, and cryptocurrencies and is known for its user-friendly interface.