Questrade
Up to $250 cashback
Tiered cashback based on funding amount, $1,000+ minimum
Brokerages
The best Canadian brokerage for you.
TFSA, RRSP, FHSA, active trading — ranked and tested.
Take the 30-second match below or browse all current signup bonuses.
Live offers
All Canadian brokerage signup bonuses.
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Wealthsimple Trade
$25 cash bonus
Fund $100 within 30 days, hold for 30 days
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Moomoo Canada
$130 + free stocks
Open and fund account, complete trades within 60 days
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Interactive Brokers
Tiered: up to $1,000
Funded account, tiered by deposit size
FAQ
Common questions.
Which Canadian brokerage is best for beginners in 2026?
Wealthsimple Trade is the easiest brokerage for Canadian beginners. Zero commissions on Canadian stocks and ETFs, the cleanest mobile app, and a $25 bonus on a $100 deposit. The trade-off: weaker tooling and no USD account on the free tier. Move to Questrade once you're trading more often or want full RRSP and USD support.
Wealthsimple Trade vs Questrade — which should I pick?
Wealthsimple Trade for total beginners under $25K who only buy a few Canadian ETFs. Questrade for anyone with a real RRSP, USD holdings, or who wants free ETF buys plus serious tools. If you're under $1K, Wealthsimple wins on simplicity. Above $25K, Questrade pays back its costs on the better feature set.
Are Canadian brokerages CIPF protected?
Yes — all five brokerages on this page are CIRO-regulated and CIPF-protected up to $1 million per account category (general, RRSP, TFSA, etc.). CIPF protects against insolvency of the broker, not market losses. This is the Canadian equivalent of the US SIPC.
Can I have multiple Canadian brokerages at once?
Yes, and many investors do. A common stack: Wealthsimple Trade for TFSA buy-and-hold, Questrade for RRSP and FHSA, Interactive Brokers for active trading and USD holdings. CRA tracks contribution room across all your accounts combined — you can split investments across brokers freely as long as your total TFSA / RRSP contributions stay within your limit.