QuestradeStocks from CAD $4.95 per trade, ETFs free to buy, options from CAD $4.95 + $0.75/contract
- Published fee
- Stocks from CAD $4.95 per trade, ETFs free to buy, options from CAD $4.95 + $0.75/contract
- Minimum deposit
- 1.000 CAD
Broker comparison
Questrade vs.
Wealthsimple
Which broker fits your needs?
Platforms, products and fees side by side.
Checked on 22 October 2026
See comparisonQuestrade
WealthsimpleVS
Summary
Your goal decides
Questrade has a higher rating of 4.2/5 compared to Wealthsimple (4.1/5). Questrade offers 7 instrument types, while Wealthsimple offers 3. The minimum deposit is lower at Wealthsimple with 0 CAD. Oversight: Questrade: IIROC; Wealthsimple: IIROC. Questrade: Yes, Canadian and US options. Wealthsimple: No.
QuestradeCanada's leading independent online broker with low fees
WealthsimpleCanadian neobroker with commission-free stock trading
At a glance
The key differences
| Criterion | Questrade | Wealthsimple |
|---|---|---|
| Platforms | Questrade Web, Questrade App, IQ Edge | Wealthsimple App, Wealthsimple Web |
| Product types | Stocks, ETFs, Options, Bonds, Mutual Funds, Forex, CFDs | Stocks, ETFs, Crypto |
| Options trading | Yes, Canadian and US options | No |
| Fee model | Stocks from CAD $4.95 per trade, ETFs free to buy, options from CAD $4.95 + $0.75/contract | CAD $0 commission on Canadian and US stocks, 1.5% FX fee (0% with Premium) |
| Minimum deposit | 1.000 CAD | 0 CAD |
| Regulation | IIROC | IIROC |
| More information | Details | Details |
Platforms
Questrade
Questrade Web, Questrade App, IQ Edge
Wealthsimple
Wealthsimple App, Wealthsimple Web
Product types
Questrade
Stocks, ETFs, Options, Bonds, Mutual Funds, Forex, CFDs
Wealthsimple
Stocks, ETFs, Crypto
Options trading
Questrade
Yes, Canadian and US options
Wealthsimple
No
Fee model
Questrade
Stocks from CAD $4.95 per trade, ETFs free to buy, options from CAD $4.95 + $0.75/contract
Wealthsimple
CAD $0 commission on Canadian and US stocks, 1.5% FX fee (0% with Premium)
Minimum deposit
Questrade
1.000 CAD
Wealthsimple
0 CAD
Regulation
Questrade
IIROC
Wealthsimple
IIROC
Product access and costs depend on market, account and permissions.
Detailed comparison
Comparing fees
Compare total costs, not just the order fee.
QuestradeWealthsimpleCAD $0 commission on Canadian and US stocks, 1.5% FX fee (0% with Premium)
- Published fee
- CAD $0 commission on Canadian and US stocks, 1.5% FX fee (0% with Premium)
- Minimum deposit
- 0 CAD
The relevant costs depend on market, currency, order size and trading style.
Worked out
What does it actually cost?
Typical months at Questrade and Wealthsimple, priced from their published fee schedules. Spreads, FX and exchange fees come on top depending on the venue.
| Scenario | Questrade | Wealthsimple |
|---|---|---|
| ETF savings plan, ≈ €200 a month | CA$0$0 commission on Canadian/US-listed ETFs (online); $0 × 1 | CA$0Recurring investment, $0 commission (Core) × 1 |
| 10 stock buys of ≈ €1,000 a month | CA$0$0 commission on Canadian/US-listed stocks (online); $0 × 10 | CA$0Commission on Canadian listed securities $0 × 10 |
| 10 US option contracts a month | CA$0US equity options: zero commission, no contract fee; 0 × 10 | US$0Equity/ETF options: US$0 per contract × 10 (Core) |
| One BTC purchase of ≈ €1,000 | —No crypto spot buy found on the official pricing page | CA$80.5% × C$1,600 = C$8 plus an unpublished spread |
| Custody and account fee per year | CA$0No annual account fees, no inactivity fees | CA$0Monthly account fee $0, inactivity $0 |
Checked on 22 October 2026. Prices can change; the current fee schedule is what counts. Sources: questrade.com · questrade.com · wealthsimple.com · wealthsimple.com · wealthsimple.com
Execution quality
Order type, venue and liquidity affect execution.
QuestradeCheck the provider’s execution policy and available order types for your account.
Provider informationWealthsimpleCheck the provider’s execution policy and available order types for your account.
Provider informationProduct range
QuestradeStocksETFsOptionsBondsMutual FundsForexCFDs
WealthsimpleStocksETFsCrypto
Categories come from broker profiles. Check specific markets and permissions before deciding.
Trading platforms
QuestradeQuestrade Web · Questrade App · IQ Edge
Questrade offers three trading platforms: Questrade Web, the Questrade App, and IQ Edge. The web platform provides standard trading functions with order placement and portfolio overview. IQ Edge is the desktop platform for active traders with advanced charting tools, real-time streaming, Level 2 data, and customizable watchlists. The mobile app enables trading and account management on the go. IQ Edge is particularly designed for options traders and active traders.
Explore platformWealthsimpleWealthsimple App · Wealthsimple Web
Wealthsimple offers trading through the Wealthsimple App and Wealthsimple Web. The app is the centerpiece of the platform, featuring an elegant, minimalist user interface for trading stocks, ETFs, and cryptocurrencies. The web platform complements the offering with portfolio overview and account management. Both platforms seamlessly integrate the robo-advisor service. Advanced charting or analysis tools are not offered.
Explore platformQuestrade
Questrade, Inc.
- Supervisor
- CIRO
Wealthsimple
Wealthsimple Investments Inc. (WSII)
- Supervisor
- CIRO
Regulation does not protect against market losses. What counts is the entity you sign the contract with.
Your investor profile
Who might it suit?
QuestradeFor active investors in Canada who want a full trading platform and commission-free US equity options. Questrade does not offer direct crypto buys.
- Free ETF purchases
- Canada's leading independent broker
- Options trading on US and Canadian markets
- Only available for Canadian customers
- Stock trading fees not the lowest
WealthsimpleFor beginners in Canada who want everything in one simple app — stocks, ETFs, options and crypto, with no commission on securities.
- 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)
Find the broker that fits
Questrade oder Wealthsimple?
Side by side. Decided with knowledge.
See the differences that matter, and the Academy lessons that explain them.
VS
- Fees
- Platform
- Regulation
- Matching lessons
Two brokers. Many options. Your call.
Questrade and Wealthsimple do not earn the same way
The table shows what they cost. These lessons show how they earn, which is what the difference is made of.
Your questions
Frequently asked questions
How do fees differ between Questrade and Wealthsimple?
Questrade: Stocks from CAD $4.95 per trade, ETFs free to buy, options from CAD $4.95 + $0.75/contract. Wealthsimple: CAD $0 commission on Canadian and US stocks, 1.5% FX fee (0% with Premium). Compare total costs for the specific market, product, currency and order size in the current fee schedule.
Which broker offers more products: Questrade or Wealthsimple?
Questrade offers Stocks, ETFs, Options, Bonds, Mutual Funds, Forex, CFDs. Wealthsimple offers Stocks, ETFs, Crypto.
How are Questrade and Wealthsimple regulated?
The broker profiles list IIROC for Questrade and IIROC for Wealthsimple. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is Questrade or Wealthsimple better for beginners?
Questrade lists a 1.000 CAD minimum deposit and offers Questrade Web, Questrade App, IQ Edge. Wealthsimple lists 0 CAD and offers Wealthsimple App, Wealthsimple Web. Compare usability, available products and costs for your intended use.
Questrade vs Wealthsimple: Which broker is better overall?
The choice between Questrade (4.2/5, 1300 reviews) and Wealthsimple (4.1/5, 1700 reviews) depends on your needs. Questrade: Canada's leading independent online broker with low fees. Wealthsimple: Canadian neobroker with commission-free stock trading.
Your next step
Your next step
QuestradeCanada's leading independent online broker with low fees
Open accountRead reviewWealthsimpleCanadian neobroker with commission-free stock trading
Open accountRead reviewKeep learning
Before you pick a broker
The guides worth reading before your first trade, whichever of the two you choose.