Best investment apps are the mobile tools that make investing more accessible to people of all ages and income levels. They range from robo-advisors that automatically manage your money for you to self-directed brokerage apps with which you can trade yourself. The right investment app for you depends on your goals, needs and knowledge level as an investor.
If you’re a beginner, we recommend focusing on investment apps that prioritize education and feature a wide variety of learning resources. This way you can grow your knowledge as you go and become a more confident market participant.
Best investment apps in Canada example, Wealthsimple is a popular choice in Canada because it offers a simple user interface and builds portfolios that consider your risk tolerance. It also has low management fees and allows you to create socially responsive portfolios. The only downside is a $100,000 minimum investment requirement for premium service.
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Alternatively, Charles Schwab offers comprehensive educational features, financial literature and an extensive research portal on its app. Its customers consistently praise its customer service support and functionality, though some are dissatisfied with recent changes to its app’s user interface.
Finally, TD Easy Trade is an excellent option for novice investors looking for a well-rounded app that includes a robust trading platform and a variety of educational materials. This Canadian app is known for its slick interface and the fact that it doesn’t charge any account or trade commissions. In addition, it lets you track all your different investments and accounts in a single feed.