Best Investment Platforms in Canada

We pay the highest investment fees out of any developed country and many of us are interested in taking control of our own investing rather than paying someone else to do it. Fortunately, there are now lots of options that offer a great online trading experience for Canadian investors. Some are commission-free, some have low or no fees and most allow you to make trades right on your phone. Many also provide access to market research tools to help you do the work.

Best Investment Platforms in Canada are part of bigger financial firms and include TD Direct Investing (formerly TD Easy Trade), RBC Direct Brokerage, National Bank Direct Brokerage and BMO InvestorLine. Each offers its own unique features, such as a focus on ETFs, or their commitment to low fees and an integrated experience across your various accounts.

Best Investment Platforms in Canada Right Now

Another notable option is CIBC Investor’s Edge, which was previously called CIBC Virtual Brokers and is now owned by CIBC, one of the largest banks in the country. The firm is a member of the Canadian Investor Protection Fund (CIPF), so you’re covered up to $1 million per account type – so your RRSP, TFSA and non-registered investments are protected if something goes wrong with the platform.

There are also a few independent DIY investing platforms that are becoming popular in Canada, including Wealthsimple Trade and iA Private Wealth. Wealthsimple Trade is a great choice for those new to investing as it offers a simple, mobile-first interface and is backed by one of the biggest investment firms in the world, BlackRock. iA Private Wealth is another option that has an all-in-one approach, offering wealth management and advisory services.