Best Robo Advisors in Canada
Discover 5 deals available this month.
1.Justwealth
Justwealth offers over 80 personalized portfolios with competitive fees ranging from 0.4% to 0.5%. New users can also take advantage of up to $500 cash back as a promotional offer.
View Deal →With a wide variety of portfolios and a solid performance track record, Justwealth appeals to investors seeking tailored options combined with a notable cash back incentive.
Pros:
- More than 80 personalized portfolio options
- Competitive management fees between 0.4% and 0.5%
- Up to $500 cash back promotion available
- Strong historical performance
Cons:
- Fees are higher than some low-cost competitors like Questwealth
- No mention of a minimum investment amount
- Promotional offer may have conditions or limited availability
2.Wealthsimple
Wealthsimple is Canada’s longest established robo-advisor offering easy-to-use features with competitive fees between 0.4% and 0.5%. It supports multiple registered accounts including RRSPs, TFSAs, and FHSAs.
View Deal →Wealthsimple delivers a user-friendly experience with solid account variety and straightforward pricing, making it a reliable choice for new and experienced investors alike.
Pros:
- Supports RRSPs, TFSAs, and FHSAs
- Competitive management fees ranging from 0.4% to 0.5%
- Long-standing presence in the Canadian robo-advisor market
Cons:
- Fees are higher compared to some competitors with rates as low as 0.2%
- No mention of promotional cashback or bonus offers
- Limited information on portfolio customization options
3.Questwealth Portfolios
Questwealth Portfolios offers some of the lowest fees in the market at 0.2-0.25% with a low minimum investment of $1,000. It is backed by Questrade brokerage and delivers solid performance.
View Deal →Investors seeking minimal fees and a modest entry point will find Questwealth Portfolios appealing, especially with its strong backing from Questrade. It stands out as a cost-effective choice without compromising on performance.
Pros:
- Lowest management fees ranging from 0.2% to 0.25%
- Low minimum investment requirement of $1,000
- Backed by reputable Questrade brokerage
- Consistent solid portfolio performance
Cons:
- Limited promotional offers compared to competitors
- Fewer portfolio customization options than some rivals
- Less established brand recognition compared to Wealthsimple
4.ModernAdvisor
ModernAdvisor offers a 30-day free trial with $1,000 in demo funds and low fees ranging from 0.20% to 0.50%. Investments are managed by CFA experts, providing a hands-on experience for new users.
View Deal →ModernAdvisor stands out by letting users practice with a demo account before committing real funds, making it a smart choice for cautious beginners. The expert management by CFA professionals adds credibility to its affordable fee structure.
Pros:
- 30-day free trial with $1,000 in demo funds
- Low fees between 0.20% and 0.50%
- Portfolio management by CFA charterholders
Cons:
- Demo funds limit real market exposure during trial
- Fees can vary up to 0.50%, higher than some competitors
- Less emphasis on personalized portfolio options compared to top rivals
5.CI Direct Investing
CI Direct Investing provides access to portfolio managers and financial planners with fees ranging from 0.35% to 0.6% and delivers strong returns. It combines personalized advice with automated investing solutions.
View Deal →Investors seeking a blend of professional guidance and robo-advisor convenience will find CI Direct Investing a solid choice with competitive fees and notable performance. It stands out by integrating human planners alongside automated portfolios.
Pros:
- Access to dedicated portfolio managers and financial planners
- Fees between 0.35% and 0.6%, competitive for advisory services
- Strong historical returns reported
Cons:
- Higher fees compared to some low-cost robo advisors like Questwealth
- No mention of promotional offers or cash back deals
- Less emphasis on beginner-friendly features or free trials
Final Words
To find the best robo advisor that fits your financial goals and budget this February, take time to compare fees, features, and current promotions from top providers like Justwealth, Wealthsimple, and Questwealth Portfolios. You can explore their latest offers to make an informed decision that maximizes your investment potential.
Frequently Asked Questions
Justwealth is Canada's top robo-advisor in 2026 due to its offering of over 80 personalized portfolios, strong performance, and competitive fees ranging from 0.4% to 0.5%. It also features a promotional offer of up to $500 cash back for new users.
Justwealth charges fees between 0.4% and 0.5%, which is competitive among Canadian robo-advisors. This fee range balances strong portfolio personalization with affordable management costs.
Yes, Justwealth offers up to $500 cash back as a promotional incentive for new users investing through their platform.
When selecting a robo-advisor, consider fees, portfolio options, minimum investment requirements, and account types supported such as RRSPs or TFSAs. Also, check for additional perks like cash back promos or free trial periods.
Questwealth Portfolios offers the lowest fees, ranging from 0.2% to 0.25%, along with a low minimum investment requirement of $1,000.
Yes, ModernAdvisor provides a 30-day free trial with $1,000 in demo funds, allowing users to practice investing without risk.
