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$1.7M is the average amount Canadians say they need for financial freedom2, yet 75% of pre-retirees aged 55-65 have less than $100k saved3.
We’re changing the way the next gen builds wealth. Becoming a multi-millionaire shouldn’t be a dream. Get on track for millions with Moka.
Partners
Moka is regulated by the AMF (Autorite des Marches Financiers) and your investments are carefully looked after by our licensed portfolio managers.
Your RRSP and TFSA investment accounts have CIPF coverage which covers up to $1M for all general accounts combined (including TFSAs) and an additional $1M for registered retirement accounts (like RRSPs).
Have questions? Reach out to speak with one of Moka's (human!) portfolio managers right in the app.
Moka safeguards your data with 256-bit encryption, secure SSL connections, and industry-leading security protocols. Rest assured, your information is never shared without your explicit consent.
With Moka, you're never locked in. You can withdraw your money at any time, for free. Money would be in your bank account in the next business day.
With your Moka account you can create Tax Free Savings Account (TFSA), Registered Retirement Savings Plan (RRSP), or Non-registered personal investment accounts for your investment goals.
1 - This projection is based on Moka Equity Growth investment model, which is 100% invested in the S&P 500. It assumes a 10% rate of annual return, based on the S&P 500's average return since its inception over the past 65 years, with dividends reinvested. Past performance is no guarantee of future results. The actual returns may vary.
2 - https://newsroom.bmo.com/2023-02-07-BMO-Annual-Retirement-Study-Canadians-Believe-They-Need-1-7M-to-Retire-Up-20-Per-Cent-from-2020
3 - https://hoopp.com/home/pension-advocacy/research/canadian-retirement-survey-2023
4 - The average annualized return since adopting 500 stocks into the index in 1957 through Dec. 31, 2023, is 10.26%. – https://www.investopedia.com/ask/answers/042415/what-average-annual-return-sp-500.asp
5 - Over a 30-year period, the average equity investor earned a hair below 4.0% a year while the S&P deliver a bit more than 10%. – https://seekingalpha.com/article/4108688-investor-returns-vs-market-returns-failure-endures
6 - https://www.aei.org/carpe-diem/more-evidence-that-its-really-hard-to-beat-the-market-over-time-95-of-finance-professionals-cant-do-it/
7 - https://news.northwesternmutual.com/2019-07-22-92-Of-Americans-Say-Nothing-Makes-Them-Happier-Or-More-Confident-Than-When-Their-Finances-Are-In-Order
8 - https://www.fpcanada.ca/planners/2023-financial-stress-index
9 – This study revealed that 73% of respondents who report feeling clear about their financial goals report lower stress levels. https://www.fpafla.com/wp-content/uploads/2019/07/2019_The_War_on_Stress-report.pdf and another one on happiness: https://hbswk.hbs.edu/item/more-proof-that-money-can-buy-happiness
The “S&P” and “S&P 500” are registered trademarks of the Standard & Poor’s Financial Services LLC.
Moka Financial Technologies Inc. is a wholly owned subsidiary of Mogo Inc. and an affiliate of Mogo Finance Technology Inc. Investment accounts through Moka are opened with Mogo Asset Management Inc., registered portfolio manager.
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