Investing in Canada has never been easier, with multiple platforms catering to different types of investors. Whether you’re a beginner, an active trader, or looking for advanced global market access, choosing the right platform can make a huge difference. Here’s a breakdown of the top three investing platforms for Canadians in 2025 based on fees, features, and ease of use.
1. Wealthsimple Trade – Best for Beginners & Commission-Free Trades
Why Choose Wealthsimple Trade?
Wealthsimple Trade is perfect for beginner investors who want a simple, commission-free way to start investing in stocks and ETFs.
✅ Pros:
- $0 commissions on stock and ETF trades (Canadian and U.S.)
- No account minimums – start with any amount
- User-friendly mobile and web platforms
- Supports TFSA, RRSP, and personal accounts
❌ Cons:
- Limited to Canadian and U.S. stocks and ETFs (no access to mutual funds or advanced securities)
- No advanced trading tools or research features
- Currency conversion fees for U.S. trades
Best For:
- New investors looking for an easy, no-fee way to start investing
- Long-term investors focusing on ETFs
- Those who prefer a mobile-first experience
2. Questrade – Best for Active Traders & Low-Fee ETFs
Why Choose Questrade?
Questrade is a favorite among Canadian investors due to its low trading fees, broad investment options, and powerful research tools.
✅ Pros:
- Commission-free ETF purchases (sell for as low as $4.95)
- Lower stock trading fees ($4.95–$9.95 per trade)
- Access to stocks, ETFs, mutual funds, options, bonds, and GICs
- Supports RRSP, TFSA, LIRA, and other registered accounts
- Advanced research tools and market data
❌ Cons:
- No commission-free stock trading
- Platform can be overwhelming for beginners
- $1,000 minimum deposit required to start investing
Best For:
- Investors who want to buy ETFs with no commission fees
- Those looking for more investment options beyond just stocks and ETFs
- Investors who want lower trading fees compared to big banks
3. Interactive Brokers Canada (IBKR) – Best for Advanced Traders & Global Markets
Why Choose IBKR?
Interactive Brokers (IBKR) is ideal for experienced investors and traders who need low fees, margin trading, and access to international markets.
✅ Pros:
- Ultra-low fees ($0.005 per share, min $1 per trade)
- Access to global markets (stocks, ETFs, forex, options, futures)
- Advanced trading tools and real-time data
- Supports margin trading & short selling
❌ Cons:
- Complex platform with a steeper learning curve
- Not ideal for casual investors
Best For:
- Experienced traders who want low-cost trading and margin options
- Investors looking for access to global stocks and forex
- Those who trade frequently and need advanced analytics & tools
Final Thoughts: Which One is Right for You?
- Go with Wealthsimple Trade if you’re a beginner who wants a simple, commission-free platform.
- Choose Questrade if you want low-cost ETFs and more investment options.
- Opt for Interactive Brokers if you’re an active trader looking for advanced tools and global markets.
Each platform has its strengths, so pick the one that aligns with your investing goals and experience level!