The stock market is often intimidating for beginners, but an app can give you the confidence to get started and potentially earn high returns. While there are many apps out there, you need to consider your investment goals and fees when choosing an app.

Some apps for investing canada offer free trading, but this usually only applies to a limited number of assets and is not the best choice for novice investors. Other apps may charge a flat fee for each trade or a percentage of the transaction volume.

Canadian Investing Apps: Which One Suits You Best

Micro-investing apps are great for new investors who want to make small investments over time. These apps typically have low fees and a user-friendly interface. They can also offer financial advice and automatic rebalancing, among other features. If you’re looking for a Canadian micro-investing app, try Wealthsimple, TD Easy Trade, or QuestMobile.

Fusion Markets is an advanced app for investors that lets you leverage up to 500:1. While this can be risky, it can also boost your returns. Its MT4 platform allows you to perform in-depth analyses of your stocks, and it offers a range of educational resources for traders of all levels of experience.

KOHO is another popular app that’s not a traditional investing app but can help you save money and build your wealth. The company’s prepaid KOHO card lets you round up purchases to the nearest dollar and invests the extra amount into your account. Its mobile app allows you to check your balance, deposit cheques, and send money via e-Transfers. It also offers a competitive interest rate for savings and has an in-app customer support service.