Best Trading Apps In Canada (2025)

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Go to broker’s website Plus500 Overview

If you're too busy to read the entire article and want a quick answer, the best trading app in Canada is Plus500. Why? Here are its key advantages:

Is legit in your country (Identified as United States )
Has a good user satisfaction score 6.83 out of 10
Offers a diverse range of trading instruments.
Low trading fees and competitive spreads.

Go to broker’s website Plus500 Overview

Below, we'll explain in more detail why we believe this and how brokers were evaluated.

Best trading apps in Canada:

MultiBank - Best for global regulatory compliance (licenses from 11 authorities)
AvaTrade - Best integration of passive investing platforms (DupliTrade and ZuluTrade)
Eightcap - Best broker to trade directly from TradingView charts
FBS - A reliable broker with affordable offers (ASIC regulation, min. deposit 5$)
InstaForex - Biggest Forex bonuses (up to 100% per deposit)

Trading on the go has now become a necessity for most traders and investors because we live in a fast-paced world. With that in mind, many brokers are rising to the occasion by releasing user-friendly mobile trading apps that aren’t that much different from the desktop experience. If you'd like to find out the best trading apps and platforms in Canada for 2023, then this guide is for you.

Best Forex trading apps in Canada comparison 2025

Before picking the best trading apps in Canada, we took certain factors into consideration, such as CIRO regulation, technology, features, and trading experience. So if you’re seeking the best Forex app, best stock trading app, or best trading app for beginners or veterans, go over the entire list below.

Best Forex trading apps in Canada
	Min. deposit, $	Withdrawal fee, %	Open an account
MultiBank	50		Open an account Your capital is at risk.
AvaTrade	100		Open an account Your capital is at risk.
Eightcap	100		Open an account Your capital is at risk.
FBS	5		Open an account Your capital is at risk.
InstaForex	1	0,5-2	Open an account Your capital is at risk.

MultiBank Group - leader in financial derivatives trading

Founded in 2005, MultiBank Group has become a significant force in the global trading industry. With a paid-up capital exceeding $322 million, it's recognized as one of the largest financial derivatives providers in the world, offering over 20,000 CFD Products across six asset classes, including Forex, metals, commodities, indices and cryptocurrencies.

Regulation is a strength for MultiBank Group, which is closely supervised by 11 financial regulators across various jurisdictions, such as MAS, CySEC, ASIC, and others. This extensive regulatory oversight ensures robust investor protection.

The company's trading environment boasts attractive features like the lowest spreads starting from 0.0 pips on Forex and $0.07 on Gold, zero commission trading, and negative balance protection. The multilingual customer support is available 24/7, and guaranteed fund withdrawals within 24 hours add to the convenience.

Professional traders will appreciate the ECN accounts with floating spreads from 0.1 pips, along with popular trading platforms like MT4 and MT5. Options for passive earnings, such as copy trading and PAMM accounts, further enhance the appeal.

However, there are areas where MultiBank could improve. The absence of micro accounts might deter beginners, and trading restrictions on scalping could be limiting for some trading strategies.

Extensive regulatory oversight.
Wide range of CFD products.
Competitive spreads and zero-commission trading.
Multiple platforms and passive earning options.
Quick fund withdrawals and negative balance protection.

No micro (cent) accounts.
Restrictions on scalping.

AvaTrade - best copy trading

Created in 2006, AvaTrade is an IIROC member and ranks among the top dawgs in the Canadian online brokerage sphere. This broker also has licenses from other authorities in tier-1 and tier-2 divisions around the world. On its platform, you can trade a wide range of currency pairs, as well as crypto, indices, securities, and stocks.

It has a mobile trading app known as AvaTradeGo, a user-friendly application that boasts a plethora of decent but helpful tools. But that's not all as it also comes with an insurance scheme (AvaProtect). Overall, this application has 250+ trading tools, which is commendable. However, keep in mind that you have to understand the English language to make the most of this app. Don't forget to check out the copy trading mobile application (AvaSocial) which allows you to keep in touch with and mirror the moves of more experienced traders. Pelican Trading partners with AvaTrade to offer this service.

AvaTradeGo also performs well when it comes to handling customer complaints and keeping users educated. You can access the chat function from inside the application. We also like the search and alerts functions. So all you need to do is key in the name of any asset and you’ll start to get relevant results. Only basic other types are available and they include stop, limit, and market.

Has AvaSocial copy trading.
Good search function.
Offers AvaProtect to keep you insured.

Only available in English.

Eightcap - Best for сrypto CFDs and advanced trading tools

Founded in 2009, Eightcap is a regulated broker offering access to over 1 000 instruments, including Forex, indices, commodities, shares, and cryptocurrencies. Regulated by ASIC and FCA, it ensures a secure and transparent trading environment.

Eightcap stands out for its competitive trading conditions. Spreads start from 0.0 pips on major Forex pairs, and the broker supports both retail and professional trading accounts. Notable features include:

Platforms: Eightcap supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two of the most popular platforms in the trading industry, offering advanced charting tools and automated trading capabilities.
Cryptocurrencies: a significant focus on crypto CFDs, enabling traders to speculate on the price movements of popular cryptocurrencies without owning the underlying assets.
Leverage: flexible leverage options, up to 1:500, allow traders to optimize their strategies.

The broker also caters to passive income enthusiasts with tools for copy trading and automated strategies. With fast trade execution and low latency, Eightcap ensures a smooth trading experience even in volatile markets.

Strong regulation.
Competitive spreads.
Broad crypto CFD offerings.
Supports professional tools like MT4 and MT5.

No micro accounts.
Limited resources for beginners.

How to choose a trading app in Canada

Now that you know what to look for in a trading app, here's a step-by-step process to help you make a choice and start trading the markets:

Learn regulation and reliability

Take some time to find out if the broker offering the app is regulated and reliable. Whatever app you choose, check the licenses held by the broker. Remember, your money will be going into the mobile application, so it’s important to ensure fund safety.

Research trading assets

Next, you want to find out as much as you can about the availability of trading assets and securities. Ensure that your preferred application gives you access to your choice of financial assets.

Explore the app’s features (execution speed, analytical tools, charting, etc.)

Having access to a mobile trading environment where the user experience is intuitive and seamless is non-negotiable. So, pick a trading app that guarantees such conditions. If the application takes too long to load up or makes it difficult to navigate the markets, you might want to steer clear of it. Use an app that is straightforward and offers a wide range of tools for analysis and charting.

Try a demo account

To be on the safe side, especially as a beginner, try starting your trading journey by signing up for a demo account. Doing so gives you an inside view of what the real market conditions look like. That should then help you decide whether your financial goals and targets can be best served by the Canadian trading app.

Open an account

Once you’re satisfied with the demo experience, get your account set up on the app and fund it. Ensure the trading minimums before adding funds to the account. Once done, you can start exploring the markets and trading your preferred assets.

Rules and regulation for trading in Canada

Licensing in Canada

Forex trading in Canada is regulated by the Canadian Investment Regulatory Organization (CIRO), which ensures market integrity and transparency in accordance with the Securities Act.

Demands for licensing.
Registration with CIRO.
Meeting strict regulatory standards, including capital requirements and adherence to anti-money laundering measures.

Investor protection in Canada

Investor protection in Canada is provided by the following organizations:

CIRO: Enforces market rules.
CSA: Coordinates provincial regulations.
OBSI: Resolves investor disputes.

Taxation in Canada

We have simplified the Canadian taxation guidelines for trading in the section below:

Determine your trading status. Whether you are considered a business trader or an investor affects how your Forex gains are taxed. Business traders pay tax on 100% of profits, while investors report 50% of gains as capital gains.
Know the tax rates. If it’s business income, expect federal personal tax rates from 15% to 33%, plus additional provincial taxes. Capital gains are taxed on only 50% of profits at the same rates.
Separate realized and unrealized gains. Canada only taxes realized gains, meaning you owe taxes when you close a trade, not when your portfolio shows short-term gains.
Track all your expenses. You can deduct costs like platform fees, internet bills, and home office expenses if Forex trading is your primary income source. This can lower your tax bill.
Stay updated on tax laws. Canadian tax rules for Forex trading can change, so check with a tax advisor yearly to avoid penalties and get the best tax savings possible.

Is Canada good for trading?

Canada can indeed be considered a favorable country for trading in various financial markets. The main reasons that contribute to this favorable trading environment are explained below:

Stable economy

Canada's economy is known for its stability, characterized by steady growth, controlled inflation, and a resilient banking system. The strength and predictability of the Canadian economy provide traders with a dependable environment, which is conducive to both short-term and long-term investment strategies.

Diverse markets

With a plethora of industries ranging from technology to natural resources, Canada's markets offer a wide variety of trading opportunities. The Toronto Stock Exchange (TSX) is one of the largest in North America and reflects this diversity. Traders have numerous options to diversify their investment portfolios, aligning with both traditional and emerging market trends.

Strong regulatory environment

The regulatory landscape in Canada is highly regarded for its rigor and effectiveness. Provincial regulators and federal agencies such as the IIROC provide comprehensive oversight of the trading industry. This strong regulatory framework ensures transparency, fairness, and protection for all market participants, fostering a secure trading experience.

Target advanced features and tax tools provided by Canadian trading apps

Picking a trading app that fits your goals isn’t just about low fees and basic features. Look for apps that offer advanced order types like trailing stops and conditional orders, which help keep your money safer during market swings. New traders tend to miss this, thinking these tools are only for experts. But learning them early can cut down on panic selling and lock in gains automatically. Choose platforms with top-tier research tools, including in-depth market analysis, expert opinions, and even portfolio simulations to stay ahead.

Also, pick apps with built-in tax tracking features. Canada’s tax rules can be complicated, so having a platform that tracks trades and generates tax forms can help you avoid tax filing headaches. See if the app works with RRSPs or TFSAs, allowing you to invest tax-free or tax-deferred. These perks are often hidden in the fine print but can seriously boost your returns over time.

Methodology for compiling our ratings of Forex brokers

Traders Union applies a rigorous methodology to evaluate brokers using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.

Key aspects of the assessment include:

Regulation and safety. Brokers are evaluated based on the level/reputation of licenses and regulations they operate under.
User reviews. Client reviews and feedback are analyzed to determine customer satisfaction levels. Reviews are fact-checked and verified.
Trading instruments. Brokers are evaluated on the range of assets offered, as well as the breadth and depth of available markets.
Fees and commissions. All trading fees and commissions are analyzed comprehensively to determine overall costs for clients.
Trading platforms. Brokers are assessed based on the variety, quality, and features of platforms offered to clients.
Other factors like brand popularity, client support, and educational resources are also evaluated.

Find out more about the unique broker assessment methodology developed by Traders Union specialists.

Conclusion

Choosing the right trading app in Canada is essential for successful trading. The best apps provide secure platforms, user-friendly interfaces, and valuable tools for both beginners and advanced traders. Whether you're interested in stocks, forex, or ETFs, find a regulated platform while considering factors like commissions, features, and available assets before committing.

FAQs

How to choose the best app for trading in Canada?

Choosing the best trading app in Canada boils down to your individual needs; consider factors like regulation, commission fees, user interface, security, and available features and research tools.

How can I trade stocks in Canada?

To trade stocks in Canada, open a brokerage account, research your preferred stocks, and execute your trades through the chosen platform.

What is the best trading app in Canada?

Determining the best trading app in Canada depends on your priorities and level of expertise; however, some popular platforms include Multibank, AvaTrade, Interactive Brokers, and Questrade.

How to start trading in Canada?

To start forex trading, educate yourself about trading regulations in Canada and the various available trading assets. Set financial goals, choose a reliable broker, and create a solid trading strategy to navigate the markets successfully. Before starting, set up a demo account to test your strategies and familiarize yourself with the trading platform. Then, when you are confident and ready, fund your account and begin.

Team that worked on the article

Peter Emmanuel Chijioke is a professional personal finance, Forex, crypto, blockchain, NFT, and Web3 writer and a contributor to the Traders Union website. As a computer science graduate with a robust background in programming, machine learning, and blockchain technology, he possesses a comprehensive understanding of software, technologies, cryptocurrency, and Forex trading.

Having skills in blockchain technology and over 7 years of experience in crafting technical articles on trading, software, and personal finance, he brings a unique blend of theoretical knowledge and practical expertise to the table. His skill set encompasses a diverse range of personal finance technologies and industries, making him a valuable asset to any team or project focused on innovative solutions, personal finance, and investing technologies.

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Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.

As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).