As a beginner, it’s important to choose an online trading platform that caters to your needs and knowledge level. You’ll want to find a reliable day trading platform that is well-regulated and has a good user experience. You should also pay attention to the number of trading tools and features that are offered, as this may be important for you as a beginner investor.

There are many different online stock brokerage platforms in Canada, but which one you choose depends on your personal goals and trading preferences. Some of these are low-cost discount brokers that offer competitive trade fees, while others provide advanced tools for day traders. For example, Moomoo is an excellent choice for investors who value detailed market data and analysis tools. It offers free Level 2 market data and 45 charting tools to help you craft personalized trading strategies. However, it does not support all account types (cash, margin, RRSP and TFSA) and only focuses on US and Canadian markets. View more

Best Trading Software Canada: Top Picks for Investors

Other popular options include Questrade, which is a great choice for beginner investors and is backed by Aviso Wealth, a reputable financial institution in Canada. It has a high-quality customer service and extensive research tools, as well as affordable fees and a wide range of tradable assets. Another option is BMO InvestorLine, which has a robust trading platform and is backed by one of Canada’s largest banks. However, its trading costs are more expensive than TD Direct Investing and CIBC Investor’s Edge, and it does not have the advanced tools of some of its competitors.