Broker comparison

Questrade vs.
Wealthsimple

Which broker fits your needs?

Platforms, products and fees side by side.

Updated: October 2026

See comparison

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. Questrade offers options trading, while the other does not. Questrade has been in the market since 1999, making it the more experienced provider.

Canada's leading independent online broker with low fees

Canadian neobroker with commission-free stock trading

At a glance

The key differences

Criterion
PlatformsQuestrade Web, Questrade App, IQ EdgeWealthsimple App, Wealthsimple Web
Product typesStocks, ETFs, Options, Bonds, Mutual Funds, Forex, CFDsStocks, ETFs, Crypto
Options tradingYes, Canadian and US optionsNo
Fee modelStocks from CAD $4.95 per trade, ETFs free to buy, options from CAD $4.95 + $0.75/contractCAD $0 commission on Canadian and US stocks, 1.5% FX fee (0% with Premium)
Minimum deposit1.000 CAD0 CAD
RegulationIIROCIIROC
More informationDetailsDetails

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

More information

Questrade

Details

Wealthsimple

Details

Product access and costs depend on market, account and permissions.

Detailed comparison

Comparing fees

Compare total costs, not just the order fee.

Stocks 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
See terms at provider

CAD $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
See terms at provider

The relevant costs depend on market, currency, order size and trading style.

Execution quality

Order type, venue and liquidity affect execution.

Check the provider’s execution policy and available order types for your account.

Provider information

Check the provider’s execution policy and available order types for your account.

Provider information

Product range

StocksETFsOptionsBondsMutual FundsForexCFDs
StocksETFsCrypto

Categories come from broker profiles. Check specific markets and permissions before deciding.

Trading platforms

Questrade 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 platform

Wealthsimple 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 platform

Regulation & security

IIROC

Regulatory information

Regulation does not prevent market losses. The relevant authority depends on the contracting entity.

Your investor profile

Who might it suit?

Canada's leading independent online broker with low fees

  • 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

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)

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.

Questrade4.2
  • Free ETF purchases
  • Canada's leading independent broker
  • Options trading on US and Canadian markets
Wealthsimple4.1
  • Commission-free stock and ETF trading
  • Very user-friendly app
  • Fractional shares available
VS
  • Fees
  • Platform
  • Regulation
  • Matching lessons
Two brokers. Many options. Your call.
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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.

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Before you pick a broker

The guides worth reading before your first trade, whichever of the two you choose.

Options taxes in GermanyFlat-rate tax, loss offsetting and allowances.Options trading basicsStrike, expiry, underlying: the building blocks of every option.Regulation: BaFin, ESMA & investor protectionWho supervises your broker and what that protects.
Terms in the glossary:PremiumCall optionMarginExercisePut option