If you’ve ever dreamed of stock investing apps canada into the stock market but were stifled by complex trading platforms, expensive commission fees or just plain intimidation, you may be surprised to find out that it’s now easier than ever to make your first trades from the comfort of your smartphone. There are a number of stock investing apps canada available that provide users with everything they need to start trading stocks, ETFs, mutual funds and GICs right from their mobile devices.
Most of these apps offer competitive fees for Canadian stock and ETF trades (some are even free) and allow you to access a diverse range of investment options including stocks, bonds, ETFs, GICs and more. Some also integrate with TD Bank so that you can manage your investments alongside your other TD banking accounts for convenience.
Best Investment App Canada: Compare Features & Fees
If you’re a beginner, look for an app with a user-friendly interface and comprehensive beginner guides. You’ll also want to check that any app you’re considering is regulated by the Canadian Securities Administrators and offers a free demo account that lets you practice your skills with virtual money before investing real money.
Some apps also feature built-in risk management tools such as stop loss orders and limit orders. Using these tools can help ensure that you don’t overextend yourself by purchasing more shares than you can afford to lose if the price of an asset falls. Finally, be sure to follow good security practices – such as avoiding public WiFi and locking your phone with face-recognition or a biometric lock – to keep your private information secure.