Compare the best investing, trading, and currency transfer accounts in Canada.

We have ranked and compared the best Canadian accounts so you can save and make more money.

Discover our expert reviews and guides to help you find:

  • Stock brokers
  • EFT investing
  • Futures and options trading
  • Options and margin trading
  • Mutual funds
  • Forex brokers
  • Cryptocurrency
Good Money Guide - Canada

Non-Registered Investment Accounts

This is a standard Canadian investment account that doesn’t offer any specific tax advantages. Contributions are made with after-tax money, and investment growth is subject to capital gains taxes. However, non-registered accounts offer flexibility, as there are no contribution limits or restrictions on withdrawals.

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Registered Retirement Savings Plans (RRSP)

An RRSP is a tax-advantaged account designed for long-term retirement savings. Contributions made to an RRSP are tax-deductible, and any investment growth is tax-deferred until withdrawal. However, withdrawals are taxed as income.

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Futures Trading

Futures brokers provide direct market access to futures exchanges so that their clients can trade futures contracts. When trading futures in Canada, traders buy and sell futures contracts that give them the obligation to buy or sell a set amount of a specific asset at a specific date in the future.

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Options Trading

Options brokers offer options trading platforms that enable traders to hedge and speculate on the price of the Canadian and global financial markets through buying or selling puts or calls. There are two types of options broker, DMA options brokers, which connect their clients directly to exchange to buy and sell options and OTC options brokers, where you can trade options as a CFD or spread bet.

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CFD Trading

CFD trading lets you speculate on financial markets with margin. CFD trading in Canada is heavily regulated and all brokers operating in Canada or opening accounts for Canadian citizens must conform to the regulations set out by the Investment Industry Regulatory Organization of Canada (IIROC).Compare CFD Brokers

Pension Plans

Many Canadians also participate in workplace pension plans, which are employer-sponsored retirement savings vehicles. These plans often include defined contribution plans or defined benefit plans, where both the employee and the employer makes contributions, and the funds are invested to provide retirement income.

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Forex Trading

Forex brokers let you speculate on the price of currency pairs going up or down with leverage through spot FX & CFDs. Forex trading in Canada is one of the most heavily traded markets because of constant economic news flow, high liquidity and 24 hours tradable FX pairs.

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Cryptocurrency

Use our comparison table of Cryptocurrency accounts to compare costs and the different ways to buy and sell cryptocurrencies. Please Note: Investing in cryptocurrencies is very high risk and not regulated in Canada and there is a very high chance you may lose all your money.

Compare Cryptocurrency Platforms
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