Online trading platforms let you buy and sell equities, exchange-traded funds (ETFs) and mutual funds in your own account. They also allow you to invest in foreign markets and cryptocurrencies. However, they are not all created equal. In fact, some platforms are better for beginners while others are better for experienced investors looking for advanced tools.

To help you choose the best trading platform canada for your needs, we analyzed a number of factors including fees, usability, available markets and innovative tools like AI-powered trading. We ranked the top 5 brokers based on these criteria.

Questrade Canada is our pick for the best online brokerage in Canada. This discount broker offers a variety of accounts (including RRSP and TFSA) with low trading fees and access to global markets. They are also members of the Canadian Investor Protection Fund (CIPF), which protects your cash and investments in the event of a member firm’s insolvency. Discover more

TD Direct Investing and CIBC Investor’s Edge are other popular options in Canada. Both brokers have excellent research tools and a seamless trading experience. They are also both members of CIPF and offer multiple fee structures. RBC iTrade is another major player in the market. This discount broker is the brokerage arm of one of Canada’s oldest banks and was founded in 1988.

Which Trading Platform is Best in Canada? A Complete Guide

Interactive Brokers Canada is another well-known platform that caters to experienced traders. They have some of the lowest fees in the industry and offer a wide range of account types, including RRSPs and TFSAs.