Selfwealth

3.9(550)

ASIC

Wealthsimple

4.1(1700)

IIROC

Selfwealth vs Wealthsimple

Head-to-Head Comparison 2026

Our Verdict

Wealthsimple has a higher rating of 4.1/5 compared to Selfwealth (3.9/5). Wealthsimple offers 3 instrument types, while Selfwealth offers 2. Selfwealth has been in the market since 2012, making it the more experienced provider.

Comparison Table

Criteria	Selfwealth	Wealthsimple
Rating	3.9/5 (550 reviews)	4.1/5 (1700 reviews)✓
Regulation	ASIC	IIROC
Fees	AUD $9.50 flat fee per trade (ASX), US stocks from $0 commission	CAD $0 commission on Canadian and US stocks, 1.5% FX fee (0% with Premium)
Min. Deposit	0 AUD	0 CAD
Instruments	Stocks, ETFs	Stocks, ETFs, Crypto
Platforms	Selfwealth Web, Selfwealth App	Wealthsimple App, Wealthsimple Web
Options Trading	No	No
Founded	2012	2014
Headquarters	Melbourne	Toronto

Detailed Comparison

Fee Comparison

Selfwealth: AUD $9.50 flat fee per trade (ASX), US stocks from $0 commission. Minimum deposit: 0 AUD.

Wealthsimple: CAD $0 commission on Canadian and US stocks, 1.5% FX fee (0% with Premium). Minimum deposit: 0 CAD.

Product Range

Selfwealth (2 categories)

StocksETFs

Wealthsimple (3 categories)

StocksETFsCrypto

Trading Platforms

Selfwealth

Selfwealth Web
Selfwealth App

Wealthsimple

Wealthsimple App
Wealthsimple Web

Regulation & Security

Selfwealth is regulated by ASIC (HQ: Melbourne).

Wealthsimple is regulated by IIROC (HQ: Toronto).

Who Is It For?

Selfwealth

Australian flat-fee broker with transparent pricing

✓ Transparent flat-fee structure

✓ Commission-free US stock trading

✓ Community features for performance comparison

✗ Only available for Australian customers

✗ Limited product range (stocks and ETFs only)

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 Selfwealth or Wealthsimple cheaper?

Selfwealth charges AUD $9.50 flat fee per trade (ASX), US stocks from $0 commission. Wealthsimple charges CAD $0 commission on Canadian and US stocks, 1.5% FX fee (0% with Premium). The minimum deposit is 0 AUD at Selfwealth and 0 CAD at Wealthsimple.

Which broker offers more products: Selfwealth or Wealthsimple?

Selfwealth offers Stocks, ETFs. Wealthsimple offers Stocks, ETFs, Crypto.

Which broker is better regulated?

Selfwealth is regulated by ASIC. Wealthsimple is regulated by IIROC.

Is Selfwealth or Wealthsimple better for beginners?

Selfwealth has a minimum deposit of 0 AUD and offers Selfwealth Web, Selfwealth App as platforms. Wealthsimple has a minimum deposit of 0 CAD and offers Wealthsimple App, Wealthsimple Web. Selfwealth has the lower entry barrier.

Selfwealth vs Wealthsimple: Which broker is better overall?

The choice between Selfwealth (3.9/5, 550 reviews) and Wealthsimple (4.1/5, 1700 reviews) depends on your needs. Selfwealth: Australian flat-fee broker with transparent pricing. Wealthsimple: Canadian neobroker with commission-free stock trading.

Selfwealth

Australian flat-fee broker with transparent pricing

Open Account →

From 0 AUD min. deposit

Wealthsimple

Canadian neobroker with commission-free stock trading

Open Account →

From 0 CAD min. deposit

Selfwealth read review →Wealthsimple read review →