Meta Description:
Discover the 5 best free stock trading platforms in Canada for 2026. Compare fees, features, and accounts to start investing commission-free today.
Introduction
Looking to start investing in Canada? Free stock and ETF trading platforms can help you save on costly investment fees. Also called zero-commission trading, these platforms let you buy and sell stocks without paying hefty fees, making them ideal for beginners and budget-conscious investors.
In this guide, we cover the top 5 free stock trading apps in Canada for 2026 and what makes them stand out.
What is Free Stock Trading?
Free stock trading means buying or selling stocks and ETFs without paying commissions. While some platforms still charge for options or currency conversion, trading stocks without fees can save you up to $10 per trade, adding up over time.
Benefits of Free Trading Platforms
Zero commissions: Save money on each trade.
Beginner-friendly apps: Easy to use on desktop and mobile.
Low minimum deposits: Start investing with small amounts.
Access to multiple accounts: TFSA, RRSP, RESP, and more.
Top 5 Free Stock Trading Platforms in Canada (2026)
1. Questrade
Overview: Established in 1999, Questrade manages over $30 billion in assets. It offers stocks, ETFs, options, FX, bonds, mutual funds, and precious metals.
Key Features:
Commission-free trading for stocks and ETFs
Fractional shares for high-priced stocks like Apple, Tesla, Shopify
Multiple account types: TFSA, RRSP, RESP, LIRA, LIF, RRIF, margin accounts
Advanced trading tools for experienced investors
Fees:
Stocks/ETFs: $0
Options: $0.99 per contract
Admin fees for wire transfers, account moves
Offer: $50 bonus with $250 funding (use referral code SAVVY50), plus up to 4% cash back on new deposits
2. Wealthsimple Trade
Overview: Canada’s first free stock trading app, offering stocks, ETFs, options, and crypto. No account minimums and easy-to-use for beginners.
Fees:
Trading: $0
FX conversion for USD stocks applies (avoid with Trade Plus: $10/month)
Extra: Can use Wealthsimple Invest for robo-advisor managed portfolios with low fees.
3. Desjardins Online Brokerage (Disnat)
Overview: Credit-union-owned platform offering stocks, ETFs, options, mutual funds, bonds, and more. Supports registered and non-registered accounts.
Fees:
Stocks/ETFs: $0
Options: Minimum $8.75 per trade
Fixed-income: $50 minimum
$30 quarterly inactivity fee for small accounts
4. National Bank Direct Brokerage
Overview: Bank-owned platform offering stocks, ETFs, options, mutual funds, bonds, and GICs. Supports TFSA, RRSP, RESP, and taxable accounts.
Fees:
Stocks/ETFs: $0
Options: $6.25 minimum
Annual fee: $100 if balance < $20k (waivable)
Cons: No dedicated mobile app; admin fees apply for withdrawals/transfers.
5. TD Easy Trade
Overview: TD’s beginner-friendly app, offering 50 commission-free trades per year. Supports TFSA, RRSP, and cash accounts.
Fees:
Trades beyond 50/year: $9.99/trade
FX fees may apply for USD stocks
Admin fees for withdrawals, transfers
Other Free Trading Platforms in Canada
Qtrade: Offers multiple investment products, including stocks, ETFs, mutual funds, and options. No commission for stocks and ETFs; 30-day practice account available.
How to Choose the Best Platform
Consider the following factors before choosing a free stock trading app:
Investment products: Stocks, ETFs, options, crypto
Accounts available: TFSA, RRSP, RESP, taxable accounts
Fees: Trading, FX conversion, inactivity
Tools & Resources: Charting, educational content, market data
Security: IIROC & CIPF membership for investor protection
Customer support: Easy access to help via phone or chat
Mobile app usability: High ratings on App Store/Google Play
Conclusion
For beginners in Canada, Questrade remains the top choice for commission-free stock and ETF trading. Combined with zero fees, advanced tools, and multiple account options, it’s ideal for new and experienced investors alike.
Other options like Wealthsimple Trade and TD Easy Trade provide simple apps for quick trades, while bank-owned platforms like National Bank Direct Brokerage and Desjardins Online Brokerage offer more traditional options with slightly higher fees.
Start investing today, save on trading fees, and watch your portfolio grow!