Online Investing: Secure Your Financial Future

Cash rules everything around me. C.R.E.A.M. Get the money. Dolla, dolla bill y’all. When the Wu-Tang clan isn’t reminding you to protect ya neck, they’re dropping nuggets of truth. Money makes the world go ‘round. We all want to get rich but none of us want to die trying. Ok, we’ll stop with the dated hip-hop references – for now – but we won’t stop helping young people with their online investing.

Lady Smiling

Best Online Investing Sites

Top Robo-Advisor

Wealthsimple

wealthsimple
  • 0.4% to 0.5% MER fee
  • Mobile app and online interface
  • Additional banking and investing options available

Top Investment Apps

Moka / Mylo

Moka / Mylo
  • $3 monthly fee
  • Additional banking and investing options available
  • Automated microdeposits

Top Online Brokerage

Questrade

Questrade
  • 1¢ per trade, $4.99 minimum
  • Registered accounts available
  • Additional investing options available

Welcome to Wealth Rocket’s exhaustive guide to everything from the best online investing sites for beginners to how to actually grow your financial portfolio. It’s what we do. Sure, we had big dreams of being rappers but, like Kevin Federline, we’re not any good at it. What we are good at, is providing financial guidance to newbies and those who are thinking about their economic future. It’s a scary time. We get that. So, we want to help you invest, whether it’s with one of the new(ish) robo-advisors we love or the old faves like Charles Schwab, TD Ameritrade, and Merrill Edge.

How does Investing Online Work?

That’s a great question and we thank you for asking it. When you invest with an online brokerage, you are essentially letting them control your investments. This isn’t a bad thing. When you open an account at a trading platform, you get to sit back and watch your money grow like Alice when she eats that mushroom. Luckily, you don’t have to eat anything weird. You just have to sign up and see what your online broker offers.

Online investing sites provide a way for you to play the stock market safely without worrying about where your money is going. It’s not rocket science, although there are algorithms involved. It’s more like letting your funds grow without having to hustle. Or, seeing your mutual fund werk and create a long-term savings plan that you can fall back on.

Why Do I Need Invest Online?

Technically, you don’t. You don’t have to do anything, especially if you have no intention of retiring. However, as we enter the zillionth day of the pandemic, it’s becoming harder and harder to plan for the future. With online investing you can take a little money and watch it turn into a lot of money.

If you’re worried that investing will turn you into the Wolf of Wall Street, don’t be. That guy sucks and no DiCaprio/Scorsese collab can paint that man in a positive light. We love the movie but we do not condone Wolfie’s actions and behavior. If you want to throw piles of cash and fresh lobsters at Coach Taylor from the deck of your yacht, that’s on you. We suggest you don’t do that and instead try one the commission-free trading platforms that we adore, like Wealthsimple.

When you use one of the best online investing sites that we recommend, you do not run the risk of turning into a monster. The only risks you’ll encounter will be with your options trades and those are risks you should be taking.

You will not become a millionaire overnight. In fact, most of us won’t become millionaires at all. But, with Wealth Rocket in your corner, you could see yourself set up for a rainy day – or every rainy day for the rest of your life.

Be Better at Online Investing Than Boomers*

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When our parents were our age, they had jobs, they owned homes, they had kids, and they had 401Ks and RRSPs. They did not have the same amount of student debt and used their yearly bonuses to buy us new bikes. Now, young Americans and Canadians are faced with what seems like insurmountable credit card debt and rising rent costs. There is hope! We can help you navigate the world of investing so that you can pay rent, pay off your credit card, and accumulate enough wealth to eventually retire.

*No disrespect to our parents’ generation. We love you, but we’re going to out-invest you to ensure that our economic future is intact. Most of us work in the gig economy and are doing our best to save for a better tomorrow (while also saving the planet). It’s taxing sometimes, but we’ll manage.

Investing Online from Home

Investing doesn’t require major capital. You can invest a little or you can invest a lot and see incredible results. The best online investment sites for beginners are easy to use, mobile-friendly, and let you be as hands-on or hands-off as you want. You’re already stuck at home for most of the day, might as well take out your phone and invest. Your phone is probably already out. You’re probably looking at our site on it now.

Stick with Wealth Rocket and we’ll make an investor of you yet!

Best Online Investing Sites

Investing is best(ing). We'll review the top online investing sites and robo-advisors for Americans, Canadians and whoever is reading this page from outer space. We'll show you which investment products we love a lot, which ones we love a little, and which ones we don't love at all.  

Investing Site Reviews

Investing is best(ing). We'll review the top online investing sites and robo-advisors for Americans, Canadians and whoever is reading this page from outer space. We'll show you which investment products we love a lot, which ones we love a little, and which ones we don't love at all.  

Investing Guides

Besides telling you which robo-advisors to use, we'll also help you understand the ins and outs of investing. You don't need to follow the stock market closely or (even follow it at all) to get the most out of your investments when you check out our guides.