Whether you’re a hands-off investor with your money invested by a robo-advisor, or an active trader looking to track and analyze your investments on the go, there are great investing apps for Canadians of every age, income level, and knowledge level. The best investment app for you depends on your goals, priorities, and investing experience. Find out
Savings: If you need access to your funds in the near term, the best way to keep them safe and grow your savings is with a high-interest savings account. Look for options with no fees from Canada’s best online banks, such as EQ Bank, which offers 4% interest and a Personal Account, or Guaranteed Investment Certificates (GICs).
Top-Rated Investment Tools Every Canadian Should Know
Stock and ETF trading: For those who want to invest on their own, Questrade is the best app for trading stocks in Canada. It offers low fees starting at 0.5%, dropping to $0.4% or lower for Premium and Generation clients with larger accounts. It also offers a number of portfolios managed by specialists and has a beautiful user interface.
Financial aggregation: Wealthica is a popular budgeting and financial tracking app for Canadians that works with Canadian banks and financial services providers. However, it doesn’t work with all of them, so you may not be able to track all of your assets and transactions on the app.
Mint is another financial aggregator that has similar functionality to Wealthica, including a free plan and a premium version with more features. Its main drawback is that it can’t track dividend income, and its consolidated view of your finances is limited to the assets you link to it.
