a close up of a typewriter with a paper that reads investments

Top 10 Investment Platforms in Canada

Investing can seem daunting, especially for young adults in their late 20s to early 30s who are just starting to build their financial futures. Below is a simple list of the top 10 investment platforms available in Canada, along with their pros and cons to help you decide which one might be right for you.

1. Questrade

Pros: Low trading fees, user-friendly interface, offers ETFs and stocks.
Cons: Limited research tools for beginners.

2. Wealthsimple

Pros: Robo-advisor features, no account minimums, socially responsible investment options.
Cons: Higher fees compared to self-directed platforms.

3. TD Direct Investing

Pros: Comprehensive research tools, strong customer support, extensive educational resources.
Cons: Higher commission fees on trades.

4. RBC InvestEase

Pros: Easy setup, personalized investment strategies, backed by a reputable bank.
Cons: Limited investment options compared to more hands-on platforms.

5. BMO InvestorLine

Pros: Great educational tools, comprehensive trading options, strong security measures.
Cons: Higher fees for less active investors.

6. Interactive Brokers

Pros: Low-cost trading, advanced tools for experienced investors, extensive global market access.
Cons: Complex interface for beginners, higher minimum deposit.

7. Moka

Pros: Innovative saving and investing app, automatic rounding up of purchases.
Cons: Limited control over individual investments.

8. Nest Wealth

Pros: Low management fees, personalized portfolio management.
Cons: Requires a minimum investment to start.

9. Candor Financial

Pros: Customized strategies for higher-net-worth individuals, no commissions.
Cons: Primarily for those with significant investable assets.

10. KOHO

Pros: User-friendly app for budgeting and spending, earning cash back on purchases.
Cons: Investment options are limited compared to other platforms.

Choosing the right investment platform can make a significant difference in your investment journey. Consider your individual needs, investment goals, and level of experience when selecting a platform.