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Best Options Trading App in Canada for 2026

Updated: February 09, 2025

Written by:

Mikhail Vnuchkov

Reviewed by:

Olga Shendetskaya

Fact-checked by:

Mirjan Hipolito

Go to broker

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1
Best Options Apps in Canada - AvaTrade

AvaTrade was founded in 2006 in Dublin, Ireland. The company has offices in 10 countries. It currently has over 300, 000 registered users and processes more than 2 million transactions every month. These factors contribute to AvaTrade being a reliable and trusted broker. They are accredited across five continents and are one of the market leaders. The broker is regulated by the Australian Securities and Investment Commission (ASIC, 406684), the Japanese FSA ( 1662), and the South African FSCA ( 45984). AvaTrade holds accreditation by the Central Irish Bank ( C53877 ), the Abu Dhabi Financial Services Regulatory Authority (190018), and the British Virgin Islands Financial Services Commission ( SIBA/L/13/1049), CySEC ( 347/17). AvaTrade allows traders to trade stocks, securities, indices, cryptocurrencies, and currency pairs. In total, the offer more than 1,200 tools to customers.

👍 Advantages of trading with AvaTrade for traders in Canada :

•a wide range of trading instruments;

•there is a license for the provision of services on the territory of 5 continents;

•customer service operates around the clock;

•provides competent assistance to users in 14 languages;

•a wide choice of convenient trading platforms;

•ability to trade from mobile devices;

•availability of an account for representatives of Islam (swap-free);

•for reliable storage of customer funds, the broker uses a segregated account;

•option for automated trading;

•no restrictions on trade and scalping;

•availability of training materials and conducting webinars.

👎 Disadvantages of AvaTrade for traders in Canada:

•the site interface is not user-friendly;

•customer service efficiency and response time

•trading terminals are prone to occasionally freeze.

STUDY REVIEW

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2
Best Options Apps in Canada - Saxo Bank

The SaxoBank brokerage company was founded in 1992 under the original name Midas. In 2001, the broker was licensed by the FSA, a Danish Financial Supervisory Authority(1149), FCA (Financial Conduct Authority | UK, 551422), ASIC (Australian Securities and Investments Commission, AFSL 280372), FINMA (Swiss Financial Market Supervisory Authority, CHE-106.787.764), and SFC (Securities and Futures Commission | Hong Kong, AVD061). After that, the company changed its name to SaxoBank. Today the broker provides online access to various financial markets to clients from 170 countries. In 2017, the SaxoTraderGO terminal was recognized as the best trading platform for active trading according to FX Week’s e-FX Awards and ADVFN International Financial Awards. Can you trade options with Saxo Bank?

👍 Advantages of trading with Saxo Bank for traders in Canada :

•favorable trading terms for professional traders with at least 1 year of experience;

•over 71 thousand instruments for trading;

•the opportunity to invest in ready-to-use long-term portfolios managed by professionals.

👎 Disadvantages of Saxo Bank for traders in Canada:

•Cent accounts are not available.

•You can trade through proprietary platforms; access to the MT4 and MT5 terminals is not provided;

•a ban on algorithmic trading for traders from abroad;

•you cannot contact support in the online chat on the company's website.

STUDY REVIEW

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3
Best Options Apps in Canada - Fidelity

Fidelity Investments is a major U.S. financial services company founded in 1946 by businessman and lawyer Edward Crosby Johnson II. The firm offers a broad range of services, including securities trading, access to mutual funds, ETFs, bonds, and fixed income annuities, as well as investment consulting and asset management. Fidelity has earned numerous industry awards and is consistently recognized as a leader in the online brokerage sector by publications such as Investor’s Business Daily, Kiplinger, Barron’s, and StockBrokers.com.
Fidelity Investments is regulated by the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Client assets are protected by the Securities Investor Protection Corporation (SIPC).

👍 Advantages of trading with Fidelity for traders in Canada :

•Proprietary Fidelity Trader+ platform for active investors offering real-time data, advanced charting, and customizable layouts across web, desktop, and mobile devices.

•No brokerage fees on stock and ETF trades.

•Personalized investment planning with a 0.5% annual advisory fee based on assets under management.

•Fractional shares that allow investing small amounts by purchasing part of a security.

•High level of client protection through SIPC coverage and additional insurance.

•More than 3,000 mutual funds and ETFs, including Fidelity’s own zero-fee funds.

👎 Disadvantages of Fidelity for traders in Canada:

•No localization, as the platform and support are available only in English.

•No active bonus programs or referral rewards.

•Margin trading available only with an account balance of at least $2,000.

•No full-featured demo account.

STUDY REVIEW

4
Best Options Apps in Canada - Qtrade

Qtrade is a Canadian stock broker that has been providing financial services in the market for over 20 years. Its operation is overseen by IIROC, and the company is also a member of the Canadian Investor Protection Fund (CIPF), which provides financial insurance for Qtrade clients in case the broker files for bankruptcy. Qtrade specializes in providing access to trading stock exchange assets: stocks, bonds, options, exchange-traded funds (ETFs), mutual funds, and securities. The broker’s trading conditions are designed to suit both professional investors and novice traders. Over the years of operation, the broker received many awards, including Best Online Brokerage (The Globe and Mail), Best Online Brokerage Experience (Surviscor) and Best Independent Online Broker (MoneySense).

👍 Advantages of trading with Qtrade for traders in Canada :

•Before opening a live account, investors can test the broker’s trading conditions on a free demo account.

•The company offers accounts for the clients with different needs, including retirement accounts.

•The broker does not have a minimum deposit requirement: the trader chooses the amount to deposit on the account.

•Qtrade clients can trade using their PC or mobile device, through the Qtrade application.

•The company provides instruments that allow users to assess portfolio effectiveness and possible risks.

•Wide selection of instruments provides for an opportunity to build a diversified portfolio.

•Clients’ equity is protected, as the broker is a member of the Canadian Investor Protection Fund.

👎 Disadvantages of Qtrade for traders in Canada:

•Only the residents of Canada, residing in the territory of the country, can open an account on Qtrade.

•The broker does not have featured passive income programs or a partnership program and bonuses for trading.

•Opening an account can take from 2 to 7 days depending on the company’s workload.

STUDY REVIEW

5
Best Options Apps in Canada - J.P. Morgan

The J.P. Morgan Self-Directed Investing service is in the brokerage division of JPMorgan Chase & Co Financial Corporation, and it offers investment services through JP Morgan Securities LLC (JPMS). The broker is part of one of the largest and oldest financial services corporations in the United States, with a reputation for transparency, accountability, and reliability. The broker provides services of long-term and retirement investment in securities within the USA market, services of active trading, and portfolio algorithmic investing. Trading assets are stocks of companies, ETF-fund shares, options, securities of retirement and investment funds, treasury notes, bills, US, corporate, and municipal bonds, derivatives, secondary market assets, etc.

👍 Advantages of trading with J.P. Morgan for traders in Canada :

•Flexible and clear tariff policy. For private investing the deposit is from $1, for automatic portfolio investing the deposit amount is from $500.

•Strict regulation. The SEC regulates J.P. Morgan Self-Directed Investing, and it is a member of FINRA CRD#: 79/SEC#: 801-3702,8-35008 and SIPC (the investor compensation fund). The broker is also subject to an annual external audit and is controlled by an exchange auditor.

•Offers trading accounts and retirement accounts.

•Automated Investing is an investment option that ensures that an investment portfolio follows the criteria set by the investor. The brokers’ analysts manage the portfolio.

•Additional products. Every broker's client can take advantage of other investment and financial offers from concessional lending to the development of a personal financial plan and trust management services.

👎 Disadvantages of J.P. Morgan for traders in Canada:

•The services are only available to U.S. residents. Possible schemes to work through intermediary funds/companies lead to a significant increase in the trade cost.

•Emphasis on financial products. Technological trading tools go into the background.

STUDY REVIEW

Best Options Trading App in Canada 2026: Education for Investors

When choosing the app, it is important to consider educational tools offered by brokers. TU analysts prepared a comparison of educational programs.

AvaTrade - Education for Investors

Investment Education Online

The broker’s website has the Training section, which contains hundreds of text and video materials. Among them, there is both a base intended for training beginners and deeper analytics for advanced training of experienced traders.

Information available in the Analysis and Education section

Unavailable information at AvaTrade site

Basics of trading at Forex and CFD for beginners

Vocabulary with Forex terminology

Economic indicators

Tutorial videos for traders of any level

E-book with the basics of trading

If you want a more effective training system, you should use a demo account. Putting theory into practice will help you gain a better understanding of the material and will enable you to use the acquired knowledge safely to generate income on a live account.

Saxo Bank - Education for Investors

Investment Education Online

There is a "Training" section to support traders. The materials for novice traders and professionals are in English.

Information available in the "Training" section

Information not on the SaxoBank website

Account opening rules, financial instruments trading basics

There is no glossary listed alphabetically to quickly find the information you need

Guide describing the trading platform’s functionality

There is no multilingual theoretical knowledge consolidation in practice in video format

International factors affecting exchange rates

Key terminology for bonds, stocks, and CFDs

Practical video tutorials in English

You can apply your knowledge using a demo account.

Fidelity - Education for Investors

Education

Information

Fidelity’s website includes an education center with resources on investing and trading. It offers webinars, articles, market analysis, video tutorials, and step-by-step guides, such as “How to Start Investing”.

What is on Fidelity’s website

What is not on Fidelity’s website

Online webinars

Economic calendar

Market analysis across key financial sectors

Descriptions of trading strategies

Step-by-step guides for starting stock trading

All materials are free. However, some services (such as webinar registration or personalized recommendations) require a Fidelity user account.

Qtrade - Education for Investors

Investment Education Online

Information

Q trade provides conditions for experienced investors and for the beginners. There is a section on the broker’s website featuring articles for novice investors that provide knowledge on the topic of investment. More experienced market players can improve their skills using the materials published in the Education section. The information is free and available to Qtrade clients and also to unregistered users.

Information provided in the Education Center section

Information lacking on the Qtrade website

Articles on smart investing

Glossary of basic terms

Guides on trading different assets: stocks, TFSA, RESP

Video tutorials on trading and working on Qtrade trading platform

Subscription to newsletter with advice and ideas for trading

Educational courses

Text materials for novice investors

Podcasts

Articles for experienced investors

Library with books and resources that can be useful to investors

Investors can test the knowledge obtained from the articles as well as new strategies and Qtrade trading conditions on a trial account without the risk of losing equity.

J.P. Morgan - Education for Investors

Investment Education Online

Information

J.P. Morgan Self-Directed Investing is the investment brokerage division of JPMorgan Chase & Co. Therefore, the Financial Education section applies to the entire corporation and contains information not only about trading and investing, but also about personal finance in general.

Information available in the Financial Education section

Information not available on the J.P. Morgan Self-Directed Investing website

Lots of information about personal finance, the use of credit cards, benefits of mortgages, investment rules, etc.

There is no separate section on investing and trading

Summary

In this review, you had an opportunity to learn about the features of 5 brokers, which traders in Canada choose the most. However, now you need to choose the best of them. You can do it using the scores given by the Traders Union. Check out the score table that will help you choose the Best Options Trading App in Canada 2026.

	AvaTrade	Saxo Bank	Fidelity	Qtrade	J.P. Morgan
Overall score	7.7	7.05	8.7	5.92	5.07
Execution of orders	8.05	6.31	8.4	5.69	4.84
Investment instruments	10	10	9	6.1	5.4
Withdrawal speed	5	6	8.8	5.8	4.9
Customer Support work	7.9	5.5	8.6	6.1	5.2
Variety of instruments	8.45	9.27	8.3	5.53	4.68
Trading platform	6.8	5.2	9.1	6.3	5.4
	Study Review	Study Review	Study Review	Study Review	Study Review
	Open an account Your capital is at risk.	Open an account Your capital is at risk.

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FAQ

Do all brokers offer mobile apps for iOS and Android?

Unfortunately no. Some companies focus only on one operating system. Before opening an account make sure that the broker offers the version for your operating system.

Is it possible to register with a broker using the mobile app?

Yes. Brokers provide an opportunity to open an account and pass verification directly in the mobile app.

Does the functionality of apps differ from that of the web version?

It depends on the broker. A good quality mobile app replicates the functionality of the web version either fully or as much as possible.

How are the apps protected against unauthorized access?

As a rule, in addition to the username and password, other security measures apply, for example two-factor authentication. In this case, you will need to enter a unique code to access your account.