11 Best Investment Apps in Canada For Beginners (2022)Home » Blog » Best Investment Apps Published On: May 21, 2021 Last Updated: May 23, 2022 Do you still think in 2022 that investing is a pain? Maybe you have not looked upon the best investment apps yet. Just as you go shop on the phone with few taps, investing in stock markets today is also a matter of seconds. You can obtain a personalized portfolio or sell your own securities, review the efficiency of your portfolio, and move money around. All that without even talking to a human being! (Cheers introverts?)Also, if you are worried about security issues, rest assured that these applications are of high quality and not from conventional stockbrokers. It helps your finances to be organized and invested with the utmost security. So let’s get started without any delay.ContentsWhat is an Investment App?Best Investment AppsAcornsRobinhood: Commission-Free Stock Trading & Investing AppAlly InvestmentSoFi: Stock Trading AppTD AmeritradeStockpileStash InvestmentBettermentFidelity InvestmentsWebullMerrill EdgeFAQWhat is the best investment app for beginners?Which investment app is best?Are investment apps worth it?How to build an investment app?How much does it cost to build an investment app?ConclusionBest Investment AppsBelow, we have mentioned the 11 best investing apps comparing them to help investment transparency globally.LogoApp NameDetailsDownloadAcornsActive installations: 5,000,000+ Rating:4.4/5 Unique features: Multipliers, Acorns Gift Cards, Acorns Early, Acorns Later, Acorns Lite, Acorns Personal, AlertsRobinhoodActive installations: 10,000,000+ Rating:4.3/5 Unique features: OTCBB/Pink Sheets, Live Seminars, Progress Tracking, Robinhood Gold, Interactive Learning, Watchlists AllyActive installations: 1,000,000+ Rating:4/5 Unique features: Multi-currency Support, Private Communication, Custom Offers SoFiActive installations: 500,000+ Rating:4.3/5 Unique features: Certified Financial Planners, Cryptocurrency, Member Rate Discounts TD AmeritradeActive installations: 1,000,000+ Rating:3.6/5 Unique features: Investors Education/Support, Virtual Trade Simulator, Screeners StockpileActive installations: 100,000+ Rating:4.4/5 Unique features: Access Control, Administrative Reporting, Catalog management, Content Filter, Cost Tracking StashActive installations: 5,000,000+ Rating:4.1/5 Unique features: SIPC Protection Third-Party Clearing Agency, Fractional Shares, Auto Stash BettermentActive installations: 500,000+ Rating:4.1/5 Unique features: Custom Asset Allocation, Deposit, Tax-Coordinated Portfolio, Two-Factor Authentication FidelityActive installations: 1,000,000+ Rating:4.6/5 Unique features: Stock and ETF Screeners, Mutual Fund Evaluator, Trade Idea GeneratorsWebullActive installations: 5,000,000+ Rating:4.5/5 Unique features: Fractional Shares, Money Market Research Access, Technical Charting, Cryptocurrency Charting Merrill EdgeActive installations: 100,000+ Rating:3.9/5 Unique features: Customizable Dashboard, Interactive Charts, Heat Maps What is an Investment App?An investing application is a smartphone application designed to distribute money market knowledge that is publicly traded. With the investing app, both new investors and established investors will watch their investments in the stock market and manage them effectively.Offering a variety of financial tools at low app prices, these investing apps development help investors save cash and improve their portfolios. So let’s not waste time and dive straight into the best investing apps.11 Best Investment Apps For BeginnersAcornsYou want to invest but have no time and budget to spend more? Hang on. Acorns app is for you. Acorns plans to ease and demystify the entire investing process. The main aim of Acorns’ creation was to eliminate any mental roadblocks or uncertainty about being daily investors. It advises managed portfolios and holds them on board with automated rebalancing spare change and dividend reinvestment using modern portfolio theory.Source: AcornsWhile this makes it easy to invest, Acorns is an all-in-one active investing platform for financial well-being. Just connect a credit or debit card with a checking account, and you’re good to start. You can also save for retirement, and many other products and services, by only setting up a checking retirement account and a custodial saving account for your children. Although Acorns makes the whole review process transparent, it has three membership stages.Lite Account: $1 per monthPersonal Account: $3 per monthFamily Account: $5 per monthCore Features:MultipliersAcorns gift cardsAcorns earlyAcorns laterAcorns personalLive supportFinancial literacy content powered by CNBCIn-app payments via debit or credit cardsAlertsCustodial accountsPros & Cons:ProsConsInvest automatically the spare changeCashback options from retailersEducational supportSmall investment portfolioHigh feeRobinhood: Commission-Free Stock Trading & Investing AppWhen it comes to the no-commission brokerage model, nothing can beat Robinhood. It is a strong leader in the money market, especially for beginners as they can invest in cryptocurrency trading stocks, ETFs, and options with zero commissions and fees. Also, all of which you can do in a sleek user interface that lets it run seamlessly. Its stripped-down UI design is easy to navigate when you e-trade the market as you’ll switch intuitively from screen to screen.Source: RobinhoodYou can easily browse a stock page at the top of the list from a search bar and bring up charts and vital statistics. What is really often useful – is a feed that aggregates reports from news and personal finance sites, so that you remain on top of what’s happening.To kick start your investment process, you just need to swipe up preferred service options. After you have decided whether you want to swap and enter the number of shares to purchase financial products or sell, the order will be on its way. While it’s a free investment app, for those who like advanced features, there’s even a premium option starting from a $5 monthly fee.Core Features:Fractional share optionsOTCBB/Pink sheetsPhone supportEmail supportLive chatChartingOnline stock alertsCalculatorLive seminarsProgress trackingInteractive learning – quizzesWatchlistsIn-app payments via debit & credit cardPros & Cons:ProsConsCommission-free trade and no minimum account balanceSimple navigation options and quick set upOption for cryptocurrency tradeNo option for retirement accountsLimited customer serviceDo you also have any such investment app idea in mind? Want to validate it with our industry experts?Contact UsAlly InvestmentAnother investing app on our list for your investment is Ally Invest. It is exceptional low-fee tradings with no commissions for stock, ETF, or option trades inside the Ally smartphone app. It provides a mobile investing user experience that is centered and effective.It may not have as many choices as some of the larger applications, but it has every main function. Ally Invest makes it easier to start for beginners as it has no minimum balance needed and is a straightforward investing tool that is easy to use.Source: AllyIf you need a more robust experience, you can log onto the Ally website as it might have a variety of options. As the further aligned you are with the banking network, the more investment-side advantages you will reap. Also, while you will exchange securities and ETFs without commissions; a $9.95 brokerage charge would be paid on MF transactions. But as there are no annual payments or minimum account balance conditions, there’s nothing to worry about.Core Features:Streaming chartsWatchlistsProbability calculatorETFs screening tools (ETF trades)Online chatSecure paymentsPush notificationsPros & Cons:ProsConsLow tradings and non-trading feesSimple to use and fully digital investment account openingAvailability of educational contentMinor bugs for loginSoFi: Stock Trading AppLet’s welcome the newcomer on our list – SoFi, short of social finance. While this US-based startup is new to the Robo-adviser industry, it is already beating the top players to be the best. SoFi Invest provides investment programs that are active and automatic. The former suggests a self-directed portfolio of individual stocks, ETFs, and cryptocurrencies can be traded on their own. SoFi automatic investing, on the other hand, is a Robo-advisory service where personal finance insider/business insider is handled by SoFi Invest.Source: SoFiSoFi is also among the most competitively priced investment platforms on the money market as it charges no commissions for self-directed share trading and no management fees for automated investing. However, to get started with an investment budget, it takes a minimum of $1 to open, and it makes the SoFi tool accessible to everyone.When you sign up, all you need to do is select an investment option, then the SoFi mobile app will build your portfolio and track it over time, rebalancing at least once a quarter when needed.Core Features:Certified financial plannersCryptocurrencyMember rate discountsPush notificationsFractional share optionIn-app payments via credit cards & debit cardsCalculatorsEducational content sectionPros & Cons:ProsConsEasy to useNo investment management feeA complete advertiser disclosureAccess to live financial advisorsConvenient for member eventsLess investing optionsNo tax-loss harvestingTD AmeritradeNew to the money market and want to get into active trading? TD Ameritrade is one of the best ways to start. It charges no stock or ETF trading commissions and has multiple account channels that fit with different investing types and objectives. In the TD Ameritrade app, you’ll actually be most relaxed when you start out. It provides excellent features, portfolio-building advice, Free stock commissions, options, exchange-traded fund trades, and almost 300 in-person customer service divisions. Investors also have an option of four sites for trading.Source: TD AmeritradeWhen you start your investment process, the Portfolio Planner of TD Ameritrade on the website discloses the actual asset allocation and helps you to compare it to a model of goal allocation. If you’d like, you can get a comprehensive list of proposed improvements to get your portfolio in order. You can also configure the desired asset allocation model and then load pre-screened possibilities. In short, TD Ameritrade is rare stock brokers that cover and do all.Core Features:Stock screenersETF screenersOptions screenersNewsTools and calculatorsTrading idea generatorsMutual fund screenersChartingFixed income screenersThird-party investment researchInvestors education/supportVirtual trading simulatorPros & Cons:ProsConsCapable of extensive researchEducational offeringsAdditional support channelsGreat customer supportOverwhelmingDifficult to find a particular item as too many options are thereStockpileLove to gift something essential and helpful? Buy stock for your loved one and gift it with Stockpile gift card options. Stockpile is basically a brokerage focused on an app that aims to make stock investments more open and less daunting, especially for younger people. A convenient and streamlined interface makes it fast and easy to buy and sell stocks and ETFs. While options for gift cards allow consumers to make stock shares the gift of choice for birthdays, holidays, and graduations.Source: StockpileTo make an order, you can go to the website at the top of the page and press ‘Buy’. That will take you to the stock collection page where you can pick the product with which you want to purchase gift cards. You’ll press ‘Next’ after you have made your pick, and you’ll be led to the ‘Choose Amount’ tab. $2,000 is the highest value you can buy a gift card with. Also, gift cards from Stockpile never expire, so relax and purchase the stock without hesitation. For fractional share trading, Stockpile’s trading fees are among the lowest in the industry at just $0.99.Core Features:Access controlAdministrative reportingAutomatic notificationsBuilt-in databaseCatalog managementCategorizationContent filterCost trackingInventory managementRisk alertsPerformance reportsPros & Cons:ProsConsSimple & user-friendly interfaceLow commissions on tradingGift card optionsCustodial accountsLimited investment optionsLimited research and analysis toolsStash InvestmentNeed hand-holding while building a portfolio of stocks? Stash is the best fit for your new beginning. Stash app aims to make it fast and simple for beginners to pick assets, particularly stocks and exchange-traded funds. You just need $1 per month for a trading plan, plus access to Stash’s online bank account and debit card, which offers a loyalty package. The account minimum balance requirement is $0, and you can buy or sell parts of the shares of a company or a fund share for pennies while Stash offers fractional investment as well.Source: StashStash, being the best investment app among others, also provides savings, bank accounts, plus a pension scheme only for $3 per month. For $9 per month, Stash offers all the aforementioned, plus two custodial accounts for minors, a metal debit card, a turbocharged reward program, and a monthly investment analysis summary. Often, in order to open an account icon, you must be at least 18 years old. And though there are expectations of taking it abroad, the service is currently available in the U.S.Core Features:ETFs, mutual funds, and stocks used sectionSIPC protectionThird-party clearing agencyFractional sharesEducation supportSecurity loginAuto stashStash retireCustodial accountsStash coachMarijuana investingStash debitStash DRIPPartitions optionPros & Cons:ProsConsNumber of stock options and investment toolsEducational content for investment planNo deposit requirements of account minimumHigh fees for small investment accountsLack of proper managementWant to develop an investment app like Stash? Need guidance from the app experts?Connect With UsBettermentBetterment is one of the Robo-advisory industry leaders and is one of the first to propose a portfolio and simplify the investing process by leveraging technology. For the newbie, computer algorithms are used by Robo-advisers to handle the portfolios. In line with financial best practices, Betterment offers a quick, well-supported, low-cost approach to spend your money.Source: BettermentThis investing app provides two subscription options. One is Betterment Streaming. Its legacy offering has no account minimum, and annually costs 0.25% of the funds under control. Another is Betterment Premium that offers direct calls to accredited financial advisors for a 0.40% charge and a $100,000 account cap. At any risk level, the Betterment investment platform aims to optimize investment returns. That means the Betterment Robo-advisor will help you expand your investments if you are a cautious investor while assuming just the amount of risk you’re comfortable with.Core Features:Custom asset allocationTax-coordinated portfolioTwo-factor authenticationRobo advisorFractional investment optionCustomer servicesSmart-betaPush notificationsRetirement financial planning calculatorPros & Cons:ProsConsInteractive UIDiverse investment platformCash managementTransparent portfolioNo individual stocksNo real estate fundsCannot asset-allocation with external accountsFidelity InvestmentsNeed one of the trusted and reputed stock apps in Canada? Fidelity can’t go wrong in terms of customer services and reputation. Does it mean its brokerage services are to be ignored? No. It provides $0 trading fees, a variety of analysis services, and an easy-to-use interface for more experienced options traders that can also be personalized.Source: FidelityFor long-term and retirement-focused buyers, Fidelity is a top brokerage research firm with substantial capital. You will leverage some of the best education and analysis services accessible from brokerages with a Fidelity account. For its emphasis on retirement education, including retirement calculators and other instruments, the company differs from its rivals. The Fidelity mobile application development has also integrated both Apple Watch and Google Assistant. In short, the broker offers excellent value and high-quality order executions. Therefore, Fidelity is one of the top Canadian investing apps to use in 2022.Core Features:Stock and ETF screenersMutual fund evaluatorOptions screenersFixed income screenersTools and calculatorsTrade idea generatorsNews and researchUser profileTechnical analysis and charting24/7 phone-lineOnline chat with a human agentFAQsPros & Cons:ProsConsEffective e-trade executionsGreat research and asset screenersFlexible and customizable news feedStrong customer serviceOnly for US citizensNo commodities or options on futuresWebullWebull is a Fintech company based in the US that provides zero-fee or discount brokerage account services. This best broker in the money market was founded in 2017 and is an iPhone and Android phone customized, mobile-first trade site. It also operates a web trading site. For Windows and Linux, it provides native desktop platforms. By far, the brokerage has more than 9 million users around the world.Source: WebullThe app is perfect for futures, ETFs, and derivatives trading. Cryptocurrencies are a newer network commodity, but no shares, funds, or other securities are available at the moment. Webull adds features better than nearly any competition out there. You will also use four separate sites as a customer to do your own analysis-stocks, news, an individual stock page, and a page for screeners. As part of the SIPC (securities investor protection corporation) security program, Webull is deemed as secure as it offers a maximum of $500,000 investor protection, including a $250,000 cash cap.Core Features:Fractional share investing optionMoney market research accessTechnical chartingCryptocurrency chartingBuilt-in stock trade simulatorDedicated learning centerMulti-platform supportLevel 2 options tradesAdvanced quotesPaper tradePros & Cons:ProsConsNo account minimum deposit for tradeSimple and easy to useNo-commission on short-sellingTechnical analysis toolsReal-time news & evaluationsNo cryptocurrencies, mutual funds, and bondsNo portfolio guidanceNo custodial accounts or retirement accountsLow interest rateMerrill EdgeFan of integration across accounts? Merrill Edge investment app won’t disappoint you for sure. Merrill Edge is a Bank of America discount brokerage. You will open a self-directed brokerage account with this broker with no annual costs and no equity or exchange-traded fund (ETF) trading commissions. It also has regulated investments and access to a licensed financial adviser. For novice buyers and active traders alike, the redesigned service is a perfect option.Source: Merrill EdgeMerrill Edge is also one of the largest online brokerages and can satisfy virtually every investor’s needs. Surely, it appeals to novice options traders, but also provides a great balance of robust analysis and competitive pricing, including unrestricted stock and ETF trades. It provides Merrill Edge Guided Investing (MEGI), also known as Robo-advisors at the rate of 0.45% annual management fee and $5,000 minimum. For Merrill Edge Select Portfolios, they charge the rate of 0.85% annual fee and a $20,000 minimum cap. In short, Merrill Edge is a good choice for long-term investors depending on risk tolerance, especially those who already have a relationship with Bank of America.Core Features:Preferred rewards programE-trade stocksWatchlistsBrokerage accountsMoney market data and newsReal-time streaming quotesMutual funds, Stocks, ETFs, OptionsDeposit checksRA Selector calculatorFingerprint loginSend messagesPros & Cons:ProsConsProvides a comprehensive look into your assetsIntegration of accountsExcellent third-party researchGreat customer trading experienceHigh option feesLimited automated investing options for the investorWant to develop an investment app that gives users more ways to invest in stocks and ETFs?Consult With ExpertFAQWhat is the best investment app for beginners?AcornsM1 financeSoFiStashRobinhoodWhich investment app is best?Robinhood. It has proved to be the best app recently for commission free-trading and no commissions.Are investment apps worth it?Yes. Mobile app based investing platforms are generally easy to use and they are considerably cheaper than paying for the investment advice of personal finance face-to-face, and the minimum investments needed or no minimum investment for some stock trading apps.How to build an investment app?Research your trading app ideaFind developers or software development companyIntegrate best featuresDesign and developLaunchHow much does it cost to build an investment app?An investment app development cost can be varied from project to project. However, for the most basic app, it can cost around $5000 to $10,000 and can go beyond $500,000 for complex mobile apps. For a detailed understanding, read our blog here: How Much Does an App Development Cost [Complete Guide]ConclusionSo, did you like our best investment apps list? For institutional investors who need a painless way to invest in stocks, these trading apps may be a godsend. Not all applications are equal, but these 11 offer a strong starting point. Aren’t they? Do let us know your views in the comment box.Furthermore, these investment options are good, it can give you a good amount of returns, let’s say thousands? Or maybe lakhs? But how about building an investment application that can give you millions of returns? Do you have a goal or an app idea? Let’s validate your idea with our industry experts. Just as soon as you fill out our contact us form, our expert team as part of the finance app development agency will reach out to you shortly.Subscribe3 Written byRakesh PatelRakesh Patel is the Founder and CEO of Space-O Technologies. He has 28 years of IT experience in business strategies, operations & information technology. He has expertise in various aspects of business like project planning, sales, and marketing, and has successfully defined flawless business models for the clients. A techie by mind and a writer at heart, he has authored two books – Enterprise Mobility: Strategy & Solutions and A Guide To Open311. ×Wait.. did you know it is not expensive to get your own app developed?Click Here To Find Out More ×Join our subscribers' list now! Get top insights and news on latest technologies and trends right to your inbox.