There are now investment apps designed to serve investors of every age, income level and knowledge of investing. Some of these offer a hands-off approach, investing for you with robo-advisors, while others allow more advanced users to trade and build diversified portfolios on their own. Some are free to use, while others come with fees – which can add up. How to Choose the Best Investment App in Canada.

As you consider the different options available, look for an easy-to-use interface that provides clear charts and fast order execution. Some apps may also include features like analyst reports, real-time data and educational content. Also, make sure that any app you choose has the proper security measures in place – such as two-factor authentication, encryption and account insurance – to protect your money and personal information.

How to Choose the Best Investment App in Canada: A Complete Guide

If you’re looking for a stock investment app that offers an automated service, check the minimum deposit requirements and fee structure. Some of the top Canadian apps, including Questrade and Moka, have low trading commissions (Questrade’s is $4.95 per buy or sell), while others charge a flat monthly fee. You should also find out whether any of the investment apps offer TFSA, RRSP or RESP accounts for tax efficiency in Canada.

If you’re a DIY investor, try to compare the tools and user experience offered by each app. Many of the big Canadian banks have invested in their own mobile investment apps, such as TD Direct Investing, Scotia iTrade, CIBC Investor’s Edge and TD Easy Trade. However, they’re often not as user-friendly as the more newcomer-friendly apps.