Stake

4(800)

ASIC

Wealthsimple

4.1(1700)

IIROC

Stake vs Wealthsimple

Head-to-Head Comparison 2026

Our Verdict

Wealthsimple has a higher rating of 4.1/5 compared to Stake (4/5). Wealthsimple offers 3 instrument types, while Stake offers 2. Wealthsimple has been in the market since 2014, making it the more experienced provider.

Comparison Table

Criteria	Stake	Wealthsimple
Rating	4/5 (800 reviews)	4.1/5 (1700 reviews)✓
Regulation	ASIC	IIROC
Fees	$0 commission on US stocks, AUS stocks from AUD $3 per trade	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	Stake App, Stake Web	Wealthsimple App, Wealthsimple Web
Options Trading	No	No
Founded	2017	2014
Headquarters	Sydney	Toronto

Detailed Comparison

Fee Comparison

Stake: $0 commission on US stocks, AUS stocks from AUD $3 per trade. 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

Stake (2 categories)

StocksETFs

Wealthsimple (3 categories)

StocksETFsCrypto

Trading Platforms

Stake

Stake App
Stake Web

Wealthsimple

Wealthsimple App
Wealthsimple Web

Regulation & Security

Stake is regulated by ASIC (HQ: Sydney).

Wealthsimple is regulated by IIROC (HQ: Toronto).

Who Is It For?

Stake

Australian neobroker for commission-free US and ASX stock trading

✓ Commission-free US stock trading

✓ Access to Wall Street and ASX in one app

✓ Simple, modern app

✗ Primarily for Australian customers

✗ FX fees for US stock trading

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 Stake or Wealthsimple cheaper?

Stake charges $0 commission on US stocks, AUS stocks from AUD $3 per trade. Wealthsimple charges CAD $0 commission on Canadian and US stocks, 1.5% FX fee (0% with Premium). The minimum deposit is 0 AUD at Stake and 0 CAD at Wealthsimple.

Which broker offers more products: Stake or Wealthsimple?

Stake offers Stocks, ETFs. Wealthsimple offers Stocks, ETFs, Crypto.

Which broker is better regulated?

Stake is regulated by ASIC. Wealthsimple is regulated by IIROC.

Is Stake or Wealthsimple better for beginners?

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

Stake vs Wealthsimple: Which broker is better overall?

The choice between Stake (4/5, 800 reviews) and Wealthsimple (4.1/5, 1700 reviews) depends on your needs. Stake: Australian neobroker for commission-free US and ASX stock trading. Wealthsimple: Canadian neobroker with commission-free stock trading.

Stake

Australian neobroker for commission-free US and ASX stock trading

Open Account →

From 0 AUD min. deposit

Wealthsimple

Canadian neobroker with commission-free stock trading

Open Account →

From 0 CAD min. deposit

Stake read review →Wealthsimple read review →