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Best stock brokers & investing apps in Canada
5 licensed stock brokers & investing apps, ranked on the company that would actually open your account. How we rate
The value of investments can go down as well as up, and you may get back less than you invest. Past performance is not a reliable indicator of future results.
All 5 stock brokers & investing apps
| # | Broker | Stock fee | Instruments | Min. deposit | Coinish Score | Actions |
|---|---|---|---|---|---|---|
| 1 | $0US stock fee | Not verified | Not verified | 77rated 3.8/5 | ||
| 2 |  Licensed in Canada · CIRO | $1US stock fee | Not verified | Not verified | 71rated 4.1/5 | |
| 3 |  Licensed in Canada · CIRO | $0US stock fee | Not verified | Not verified | 71rated 4.3/5 | |
| 4 |  Licensed in Canada · CIRO | $0US stock fee | Not verified | Not verified | 68rated 3.6/5 | |
| 5 |  Licensed in Canada · CIRO | $0US stock fee | Not verified | $0 | 66rated 4.2/5 |
Good to know
Stocks rules in Canada
Brokers must be registered with Canadian securities regulators (dealers are overseen by CIRO).
Regulator sources (1)
“anyone in the business of trading securities or advising clients on securities must be registered with the securities regulator in each province or territory where they do business”
securities-administrators.ca · Jan 14, 2026
Stocks in Canada at a glance
- 5 stock brokers & investing apps with a verified licence serve residents of Canada: 5 hold a local licence (CIRO).
- Top pick by Coinish Score: moomoo (77/100, Editor Rating 3.8/5).
- $0 commission on US stocks: moomoo, Webull, Wealthsimple and Questrade.
- No minimum deposit: Questrade.
How this ranking works
Ranked by Coinish Score: half the Editor Rating for the entity that serves residents of Canada, half Market Signal. Brokers without enough verified data for a rating are placed by Market Signal and labelled; brokers with neither are listed last. How we rate
Stocks in Canada: what to know
All 5 stock brokers & investing apps on this list hold a licence from the Canadian Investment Regulatory Organization (CIRO) (moomoo, Interactive Brokers, Webull, Wealthsimple and Questrade).
What to check before you open an account in Canada
- Search the company name on the CIRO register (ciro.ca).
- Check which company your contract is with. moomoo, for example, onboards residents of Canada through Moomoo Financial Canada Inc. (CIRO), and the name on the account-opening documents should match the list.
Is share trading legal in Canada?
Yes, with a licensed provider. Brokers must be registered with Canadian securities regulators (dealers are overseen by CIRO).
Source: securities-administrators.ca
What is the best stock broker in Canada?
By Coinish Score, moomoo (77/100, Editor Rating 3.8/5), through Moomoo Financial Canada Inc. (CIRO). Interactive Brokers (71) and Webull (71) follow. The score rates the company that would serve you in Canada, so the same brand can rank differently in another country.
Is your money protected if a stock broker fails?
If a broker fails, the compensation scheme of the regulator that licenses it applies, not one chosen by where you live. For this list: Canadian Investor Protection Fund (CIPF): C$1 million for all general accounts combined (separate C$1 million limits for registered retirement and education accounts) for clients of CIRO-licensed investment firms (5 on this list). Compensation covers missing client money and assets after a firm's failure, never trading losses.
Source: cipf.ca
Do you pay tax on share profits in Canada?
Only part of a capital gain is taxed. The CRA's capital gains guide gives a general inclusion rate of 1/2, so half your net gain is added to your income. The CRA treats a gain as business income, taxed in full, when you bought with the intention of reselling at a profit, rather than as a capital gain.
Coinish isn't a tax adviser: check your own situation with the tax authority or an accountant.
Sources: canada.ca (1), canada.ca (2)
Coinish provides general information only. Nothing on this site is investment, tax or legal advice.