4 Apps Giving Free Stocks, Trades and Cash in Canada!

Living in Canada and looking for free stocks and shares? Well, you’ve come to the right place. With a growing number of investment platforms and apps available to Canadian investors, there are a number of opportunities for you to snap up some free stocks and shares for your portfolio. 

To help you, we’ve compiled all the best free stock and bonus cash deals in Canada. With most Canadian brokers, they don’t offer free stocks and instead give you cash to spend on investments. Keep reading for a complete breakdown of the various promotions and bonuses available.

List of Apps with Free Stocks, Trades, and Cash in Canada

1# Qtrade (cash bonus)

Part of Aviso Wealth, Qtrade is consistently reviewed as one of Canada’s leading options brokers. The platform offers a solid range of stocks, bonds, mutual funds, ETFs, and options. They pride themselves on their educational tools, catering to beginners and veterans.

Here’s how you can earn some free cash to spend on stocks with Qtrade:

1. Sign up for Qtrade and open an account using this referral link.
2. If you deposit your account with at least $1,000 by 30th June 2023 and make a qualified trade, you’ll qualify for the $50 cash bonus.
3. For Canadian investors who fund more than one account – you’ll also qualify for an additional bonus of $100.

You can read the full terms and conditions here if you want to know more about this promotion from Qtrade.

List of Apps with Free Stocks, Trades and Cash in Canada

2# Interactive Brokers (free stock)

Interactive Brokers is a US-based brokerage firm that operates some of the largest investment and trading platforms across the UK, Europe, America, and the rest of the world.

Follow these steps to get up to $1,000 worth of free IBKR stock:

1. Sign up using this referral link and set up an individual or joint account. 
2. For every $100 you deposit, you’ll earn $1 worth of free IBKR stock.
3. You can accumulate more free stock throughout the first year, but you must maintain your average balance. 

Once you’re set-up, you can also earn additional cash bonuses by referring friends and family using your unique referral code, details on their website.

Want to know more about the Interactive Brokers free stock bonus? Check out our detailed guide explaining everything you need to know about the Interactive Brokers referral promotion.

List of Apps with Free Stocks, Trades and Cash in Canada

3# Wealthsimple (free bonus cash)

Wealthsimple is a fintech company that offers commission-free stock trading with the ‘Wealthsimple Trade’ account and managed investment portfolios (like a robo-advisor) for a competitive price with ‘Wealthsimple Invest’. 

Here’s how you can get the Wealthsimple free cash to spend on stocks if you live in Canada:

1. Sign up for a ‘Wealthsimple Invest’ account using this referral link or if you’d prefer a ‘Wealthsimple Trade’ account use this referral link.
2. Make an initial deposit of at least $150 for the Wealthsimple Trade account or $500 for the Wealthsimple Invest account.
3. If you’re transferring over $5,000, transfer fees of up to $150 will also be waived. 
4. Once you have an account, you can refer friends to earn more bonuses!

You can read more about the Wealthsimple refer a friend scheme here and you can check out the terms and conditions for the other promotions by clicking through the referral links.

List of Apps with Free Stocks, Trades and Cash in Canada

4# Questrade (free stock trade credit)

Questrade is one of Canada’s fastest growing online brokerage platforms. Over 250,000 accounts are being opened annually and it has over $30 billion of assets under administration. It best serves Canadian residents who want to trade a balanced portfolio alongside options, foreign currencies, and precious metals.

Here’s how you can get free stock trade credit with Questrade:

1. Open a new self-directed investing account using this referral link.
2. Deposit at least $1,000.
3. You’ll get $50 in free trades.
4. Once you have an account, you can refer up to 30 friends and earn $50 for each person that opens an account. 

Read more about the refer a friend promo here and the details for the free stock trades is on the referral link. 

The bottom Line