Best for
Beginner to intermediate investors; buy-and-hold ETF strategy
Wealthsimple Trade: Zero-commission CAD trading; TFSA and RRSP available
Investing
Investing App Comparison
Compare fees, portfolios, account types, and investor tools.
Updated August 7, 2026
Primary-source checkedNo professional licence claimedUpdated August 7, 2026
MoneyMapCanada Editorial Team
Editorial research and source-check process
MoneyMapCanada publishes Canadian personal-finance calculators and educational guides using a source-first editorial process. Time-sensitive financial claims are checked against the responsible government agency, regulator, legislation, provider document, or official publication. The organizational byline does not claim a professional licence or academic credential.
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How this comparison works
Table rows are educational examples, not paid rankings or personalized recommendations. We do not assign an invented numeric score. Compare the full cost, eligibility rules, flexibility, support access, and current provider terms before choosing a financial product.
Comparison table
Provider examples, fees, rates, fit, pros and cons
Provider pricing and rates are intentionally not displayed as current because they can change between reviews. Verify the current fee, APR/rate, eligibility and offer terms directly with the provider before applying.
| Product / Example | Fee | APR / Rate | Best For | Pros | Cons |
|---|---|---|---|---|---|
Wealthsimple Trade Zero-commission CAD trading; TFSA and RRSP available | Verify current fee | Verify current rate | Beginner to intermediate investors; buy-and-hold ETF strategy | No commissions; clean mobile app; TFSA/RRSP/FHSA; fractional shares | 1.5% FX on US trades; limited research tools vs full-service brokers |
Questrade Free ETF purchases; lower FX than WS; strong platform | Verify current fee | Verify current rate | Self-directed investors who buy ETFs or occasional stocks | Free ETF purchases; lower 1% FX rate; advanced trading platform options | Sells cost up to $9.95; interface less beginner-friendly than Wealthsimple |
Wealthsimple Invest (Robo-advisor) Fully managed portfolios; automatic rebalancing and tax-loss harvesting | Verify current fee | Verify current rate | Hands-off investors who want a set-and-forget portfolio | Automatic rebalancing; socially responsible options; halal portfolios; TFSA/RRSP | 0.40–0.50% fee adds up long-term vs self-directed approach |
Qtrade Direct Investing Top-rated customer service; broad account types including RESPs | Verify current fee | Verify current rate | Investors who value research tools and human support | Award-winning service; free ETF list; excellent research tools; RESP available | Per-trade commission; higher cost than zero-commission alternatives |
Best for
Self-directed investors who buy ETFs or occasional stocks
Questrade: Free ETF purchases; lower FX than WS; strong platform
Best for
Hands-off investors who want a set-and-forget portfolio
Wealthsimple Invest (Robo-advisor): Fully managed portfolios; automatic rebalancing and tax-loss harvesting
Check current offers
Compare current investing terms from Canadian providers
The table above uses planning examples. Actual fees, rates, and offers change — verify directly with providers before applying.
Questrade
Check current brokerage commissions, account types, and ETF pricing
Wealthsimple Invest
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Qtrade Direct Investing
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Sources used
Official references checked for this page
Updated August 7, 2026
Each claim on this page is traceable to one of the government authorities or regulators below. Rates, tax rules, eligibility requirements, and product terms can change — verify current details directly with the linked source before making any financial decision.
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