Trading systems allow you to interact with markets totally online. After opening an account, you may deposit funds and utilise them to buy investments such as stocks, bonds, ETFs, mutual funds, and GICs. Your trading platform maintains track of all of your investments, updates you on their worth, and allows you to sell them at any moment.
The trading platform collaborates with organisations known as investment dealers, which hold the real investments on your behalf. The Investment Industry Regulatory Organization of Canada (IIROC) oversees all of the firms in the chain, and your assets are safeguarded by Canadian Investor Protection Fund (CIPF) insurance.
The best online trading apps in Canada provide convenient and direct access to financial markets, enabling investors to buy and sell stocks, ETFs, options, and other financial instruments to diversify their portfolios. These online discount brokerage firms do away with the necessity for intermediaries, who are frequently required when a third party trades on your behalf. Self-directed trading allows high cost and fee savings. Continue reading to learn about Canada’s leading brokerage firms and online trading platforms (for both beginner and experienced investors).

BMO Investorline
BMO Investorline offers tools for investors at all levels. It is an adviceDirect program. For a minimum investment of $50,000 and an annual fee starting at $750, customers get access to personalized advice that combines the best of the financial advisor experience with digital tools. Advice Direct customers get help setting up their portfolio, ongoing monitoring of their account with computer-generated alerts and recommendations, and have unlimited access to advice from a licensed financial advisor by phone.
More active traders who make at least 15 trades per quarter will also be enrolled in BMO Investorline’s 5 Star program, which gives free access to advanced data, dedicated support, and savings on some account fees and features.

Desjardins Online Brokerage
Desjardins Online Brokerage provides a user-friendly platform called Disnat Classic. Trades are fairly priced at $6.95 and feature real-time market data. The Broker@ge 18-30 special offer is available to young investors aged 18-30.
Desjardins Online Brokerage recommends their Disnat Direct platform for aggressive traders, which excels in terms of pricing.
Desjardins Online Brokerage is especially noteworthy for being the top French-language choice. In typical Desjardins fashion, the English version of the product was translated from the French version, rather than the other way around. English speakers will detect some errors in the translation, but nothing major enough to detract from the overall experience.

Wingman
Wingman is a conversation intelligence technology that extracts information from every sales engagement.
Wingman can help you record conversations, assess offers, scale coaching, and create a repeatable sales machine.
Wingman alerts managers to potentially risky trades and calls that require mentoring. Wingman is constantly there on every call, aiding your representatives as they speak with clients.
Through speech notifications, they assist you in changing sales behaviour in the present. Coach your sales people on sales objections.
Wealthsimple Trade is Canada’s first stock trading application that enables commission-free stock and exchange-traded fund trading (ETFs). As a result, it is my initial recommendation for individuals new to self-directed investing. The fee savings (up to $9.99/Trade) reduce the need to conduct several small transactions and pay a high price for each stock buy.
The platform can be accessed using a web browser or a mobile application on your phone. Wealthsimple Trade is a division of Wealthsimple, Canada’s most popular online wealth manager with over $10 billion in customer assets under management.
Questrade is an attractive choice for experienced and inexperienced investors alike. It was founded in 1999 and described itself as “Canada’s fastest-growing online brokerage.”
This platform gives you access to a more excellent selection of investment products and account types, including corporate investment accounts. Additionally, it is available on several other media, including a desktop program, a mobile application, and a cross-platform web interface.
Qtrade is a popular stock trading program among credit unions. While its usual trading fees are higher than those of Wealthsimple Trade, active traders receive a discount, and 100 ETFs are available for free trading. Qtrade is accessible by computer and mobile device. Qtrade has earned a reputation for providing superior customer service throughout the years.
Interactive Brokers
While Interactive Brokers is not suited for inexperienced investors, it leads the industry in international trading and offers professional traders the low-cost commissions they prefer. In our research, no online broker comes close to Interactive Brokers in terms of fees and trading tools. Professional and institutional traders from all around the world use the Trader Workstation (TWS) platform.
TD Direct Investing was a pioneer in establishing a trading platform in Canada. It offers an extensive array of market research, data, and investing tools that experienced traders appreciate, including advanced order kinds. This platform has some of the highest trading commissions in Canada. If your balance goes below $15,000, a $25 quarterly maintenance fee will be assessed. It does not offer any free ETFs.
Scotia iTrade is the brokerage section of the Bank of Nova Scotia and the bank’s second online trading platform. Each Trade is charged a flat amount of $9.99. Active traders who complete at least 150 trades every quarter pay a flat transaction fee of $4.99. Scotia iTrade offers a broad range of financial products, including stocks, exchange-traded funds, mutual funds, bonds, precious metals, and guaranteed investment certificates.
Wealthica
Wealthica is a portfolio manager that manages all of your investment accounts in a centralized manner. It presently has over 140 financial institutions as partners, including RBC, Wealthsimple, Questrade, Tangerine, National Bank, and Desjardins. To get started, create a free account and connect your existing ones. It also syncs your investments automatically each day and delivers a consolidated view of your investments, fees, performance, and net worth. Additionally, it can be used to track your expenses and create monthly budgets.