Investment apps are designed to make it easy for new investors to get started investing on their phones. These apps allow you to invest in stocks and exchange-traded funds (ETFs) by buying and selling shares from your smartphone.

There are a lot of different options available in Canada for investing apps, and which one is best for you depends on your specific needs. In general, an app should be easy to use and have competitive fees. It should also offer you a wide range of investment choices. It should also provide you with a variety of reports and real-time data to help you make informed decisions.

Whether an best investment apps canada is right for you also depends on how much money you have to invest and your level of experience. If you’re a beginner, then look for an app with low trading commissions and no recurring account fees. Also, check if the app offers you a TFSA, RRSP or RESP account — which are tax efficient in Canada.

Best Investment Apps Canada: Smart Investing Made Easy

While ease of use and fees are important, remember that all investments carry a risk, so your capital may go up or down and you might get back less than what you invested. Investing is not suitable for everyone, and you should carefully consider your investment objectives before choosing an investment app or investing in the stock market.

If you are unsure about how to start investing, you can always seek the guidance of a financial advisor. Alternatively, you can also consider using a robo-advisor such as Betterment or Wealthfront to manage your investments for you. These apps will automatically pick and manage your assets for you, and charge a flat fee instead of a percentage-based management fee.