Avanza
FI (Sweden)
Wealthsimple
IIROC
Avanza vs Wealthsimple
Head-to-Head Comparison 2026
Our Verdict
Avanza has a higher rating of 4.4/5 compared to Wealthsimple (4.1/5). Avanza offers 7 instrument types, while Wealthsimple offers 3. Avanza offers options trading, while the other does not. Avanza has been in the market since 1999, making it the more experienced provider.
Comparison Table
| Criteria | Avanza | Wealthsimple |
|---|---|---|
| Rating | 4.4/5 (2200 reviews)✓ | 4.1/5 (1700 reviews) |
| Regulation | FI (Sweden) | IIROC |
| Fees | 0 SEK commission on Swedish stocks, international from $1 per trade | CAD $0 commission on Canadian and US stocks, 1.5% FX fee (0% with Premium) |
| Min. Deposit | 0 SEK | 0 CAD |
| Instruments | Stocks, ETFs, Funds, Bonds, Options, Warrants, Certificates | Stocks, ETFs, Crypto |
| Platforms | Avanza Web, Avanza App | Wealthsimple App, Wealthsimple Web |
| Options Trading | Yes, Swedish options | No |
| Founded | 1999 | 2014 |
| Headquarters | Stockholm | Toronto |
Detailed Comparison
Fee Comparison
Avanza: 0 SEK commission on Swedish stocks, international from $1 per trade. Minimum deposit: 0 SEK.
Wealthsimple: CAD $0 commission on Canadian and US stocks, 1.5% FX fee (0% with Premium). Minimum deposit: 0 CAD.
Product Range
Avanza (7 categories)
Wealthsimple (3 categories)
Trading Platforms
Avanza
- Avanza Web
- Avanza App
Wealthsimple
- Wealthsimple App
- Wealthsimple Web
Regulation & Security
Avanza is regulated by FI (Sweden) (HQ: Stockholm).
Wealthsimple is regulated by IIROC (HQ: Toronto).
Who Is It For?
Avanza
Sweden's most popular online broker with commission-free trading
✓ Commission-free trading of Swedish stocks
✓ Sweden's most used investment platform
✓ Excellent mobile app
✗ Only available for customers in Sweden
✗ Platform exclusively in Swedish
Wealthsimple
Canadian neobroker with commission-free stock trading
✓ Commission-free stock and ETF trading
✓ Very user-friendly app
✓ Fractional shares available
✗ Only available for Canadian customers
✗ 1.5% FX fee on US stocks (without Premium)
Frequently Asked Questions
Is Avanza or Wealthsimple cheaper?
Which broker offers more products: Avanza or Wealthsimple?
Which broker is better regulated?
Is Avanza or Wealthsimple better for beginners?
Avanza vs Wealthsimple: Which broker is better overall?
Avanza
Sweden's most popular online broker with commission-free trading
Open Account →From 0 SEK min. deposit
Wealthsimple
Canadian neobroker with commission-free stock trading
Open Account →From 0 CAD min. deposit