The Best Investment Apps in Canada
With the right investment app, you can easily manage your investments and grow your money. The best investment apps will offer low fees, a wide variety of investments and user-friendly interfaces. They will also feature security features like two-factor authentication, encryption, and account insurance to protect your assets. The key to choosing the right investing app is to find one that fits your unique needs and investment goals.
Some investment apps, like Passiv and Wealthica, are designed specifically for Canadians. The latter offers a full suite of investment tools including real-time quotes, portfolios, and trackers. It also allows you to set your risk tolerance and automatically rebalances your asset allocation when it falls out of line with your desired target level. It’s a good choice for beginners and those who want a little more guidance than Questrade or Wealthsimple Trade. Find out more
Other apps, such as TD Direct Investing, are more comprehensive. They provide real-time data, analyst reports, and a customizable home screen. They also offer a number of advanced trading options, including trailing stops and short sell stops. TD also has a range of unique products such as Halal investing, socially responsible portfolios and high-interest savings accounts.
What Are the Best Trading Platforms in Canada?
Finally, a few of the more popular apps that Canadians use to manage their money include Questrade, IQEquity and Fusion Markets. The former is Canada’s fastest-growing online brokerage and offers low trading commissions on ETF purchases. It is also easy to use and has a great mobile platform. The latter is a broker with a global reputation and provides a full suite of trading options, such as forex and CFDs.
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