Is Robinhood available in Canada?

Robinhood is best known in the US for stock trading with no commission. In Canada it’s a crypto platform. It arrived by buying WonderFi, the company behind Bitbuy and Coinsquare, and it runs under the same registration those two use.

How Robinhood got into Canada

Robinhood’s announcement on 1 June 2026 says it closed its purchase of WonderFi that day. WonderFi ran Bitbuy and Coinsquare, which the announcement says “will become part of the Robinhood brand”, and Canadian customers “will be invited to download the Robinhood app”. Bitbuy’s and Coinsquare’s own sites now carry banners saying they’re part of Robinhood. Both still take sign-ups, and the announcement gives no date for moving their customers across.

Robinhood’s registration in Canada

Robinhood’s Canadian site says in its footer that the service is provided by Coinsquare Capital Markets Ltd., “a CIRO Dealer Member providing order execution only services”, and that the company is a wholly owned subsidiary of Robinhood Markets, Inc. Coinsquare Capital Markets is on the securities regulators’ list of registered crypto platforms as an investment dealer, the higher of the two levels a crypto platform can hold. It’s the same registration behind Bitbuy and Coinsquare.

“Order execution only” means it takes your orders and doesn’t give advice or check whether a trade suits you.

Fees

The fee schedule linked from Robinhood Canada’s footer, effective 1 October 2026, sets one fee for trades in the Robinhood app: 0.5% of the trade value from 1 to 31 October 2026, and 0.95% from 1 November 2026. On a $1,000 buy, that’s $9.50.

That’s a change from the launch. Robinhood’s June announcement promised Canadians “a flat 0.5% fee per CAD trade”. The 0.5% rate lasted until the end of October.

The schedule says the fee is charged on the price Coinsquare Capital Markets gets from its liquidity providers, and it doesn’t describe a separate markup. Orders work like market orders with a slippage limit: a buy can fill up to 1% above the quoted price, and a sell up to 5% below it. Any slippage inside those limits, or any better price, is passed on to you. So the 0.95% is the stated fee, but the price you get can still move before your order fills.

Other costs:

• Deposits: the fee schedule says clients don’t pay deposit fees, in cash or crypto.
• Crypto transfers: the Canadian site says you can send crypto to and from outside wallets “with no Robinhood fees”, though network fees may apply.
• Cash withdrawals: the fee schedule points to Coinsquare’s fee page for withdrawal fees. On Coinsquare, Interac withdrawals carry no fee up to $2,000, and bank and wire withdrawals cost 1.5%. We haven’t confirmed the same figures apply inside the Robinhood app.

At 0.95%, Robinhood’s stated fee sits above NDAX’s 0.20% and the 0.50% on Bitbuy Pro Trade and Coinsquare Pro, and close to Webull’s 1%. Our crypto fees comparison has the full table.

How Robinhood holds your crypto

The client account agreement says crypto you buy is held in trust for you in omnibus cold storage accounts at Coinbase Custody Trust Company, regulated by New York’s financial regulator, and at BitGo Trust Company. Robinhood’s Canadian site says it doesn’t lend out your crypto or borrow against it.

CIPF covers the cash in your account, because Coinsquare Capital Markets is a member, but the agreement says CIPF coverage “does not extend to Digital Assets”. That’s the same at every Canadian platform: CIPF never covers crypto.

What you can buy

The Canadian site lists more than 50 coins, including Bitcoin, Ether, XRP, Solana and Dogecoin, and says staking for Ether and Solana is coming soon. It doesn’t mention stocks, ETFs or options, which are what Robinhood offers in the US.

The Canadian App Store lists “Robinhood: Buy & Sell Crypto” from Robinhood Markets Inc, rated 3.1 from 124 Canadian ratings as of 10 November 2026. That’s a small sample next to older Canadian apps; our apps comparison has the others.

Frequently asked questions

Can Canadians use Robinhood?

Yes, for crypto. Robinhood’s Canadian app is run by Coinsquare Capital Markets Ltd., a registered investment dealer. The US app, with stocks and options, isn’t offered in Canada.

Is Robinhood regulated in Canada?

Its Canadian service runs under Coinsquare Capital Markets Ltd., which is registered with the provincial securities regulators as an investment dealer and is a CIRO dealer member. You can check it on our registered list.

What are Robinhood’s fees in Canada?

0.95% of each trade since 1 November 2026, according to its fee schedule. It was 0.5% in October. Deposits carry no fee, and crypto transfers carry no Robinhood fee beyond the network fee.

What happens to my Bitbuy or Coinsquare account?

Robinhood says Canadian customers will be invited to download the Robinhood app. It hasn’t published a timeline. Bitbuy and Coinsquare still run under the same registration, with their own fee schedules for Express Trade, Coinsquare Trade and the Pro screens.

Sources

• Robinhood, Robinhood enters Canada as it completes acquisition of WonderFi, 1 June 2026
• Robinhood, Canadian homepage
• Coinsquare Capital Markets, fee schedule, effective 1 October 2026
• Coinsquare Capital Markets, client account agreement
• Robinhood, disclosure library
• Apple App Store (Canada), Robinhood: Buy & Sell Crypto
• New Brunswick Financial and Consumer Services Commission, registered crypto asset trading platforms