Robinhood$0 commission on stocks, ETFs and options
- Published fee
- $0 commission on stocks, ETFs and options
- Minimum deposit
- 0 $
Broker comparison
Robinhood vs.
Wealthsimple
Which broker fits your needs?
Platforms, products and fees side by side.
Updated: October 2026
See comparisonRobinhood
WealthsimpleVS
Summary
Your goal decides.
Robinhood (US) and Wealthsimple (Canada) are commission-free investing apps for different markets. Robinhood offers options and crypto in the US; Wealthsimple targets Canadian investors with TFSA/RRSP accounts. Your country of residence largely decides the winner.
RobinhoodCommission-free US broker that revolutionized stock trading
WealthsimpleCanadian neobroker with commission-free stock trading
At a glance
The key differences
| Criterion | Robinhood | Wealthsimple |
|---|---|---|
| Platforms | Robinhood App, Robinhood Web | Wealthsimple App, Wealthsimple Web |
| Product types | Stocks, ETFs, Options, Crypto | Stocks, ETFs, Crypto |
| Options trading | Yes, commission-free US options | No |
| Fee model | $0 commission on stocks, ETFs and options | CAD $0 commission on Canadian and US stocks, 1.5% FX fee (0% with Premium) |
| Minimum deposit | 0 $ | 0 CAD |
| Regulation | SEC/FINRA | IIROC |
| More information | Details | Details |
Platforms
Robinhood
Robinhood App, Robinhood Web
Wealthsimple
Wealthsimple App, Wealthsimple Web
Product types
Robinhood
Stocks, ETFs, Options, Crypto
Wealthsimple
Stocks, ETFs, Crypto
Options trading
Robinhood
Yes, commission-free US options
Wealthsimple
No
Fee model
Robinhood
$0 commission on stocks, ETFs and options
Wealthsimple
CAD $0 commission on Canadian and US stocks, 1.5% FX fee (0% with Premium)
Minimum deposit
Robinhood
0 $
Wealthsimple
0 CAD
Regulation
Robinhood
SEC/FINRA
Wealthsimple
IIROC
Product access and costs depend on market, account and permissions.
Detailed comparison
Comparing fees
Compare total costs, not just the order fee.
RobinhoodWealthsimpleCAD $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.
Execution quality
Order type, venue and liquidity affect execution.
RobinhoodCheck 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
RobinhoodStocksETFsOptionsCrypto
WealthsimpleStocksETFsCrypto
Categories come from broker profiles. Check specific markets and permissions before deciding.
Trading platforms
RobinhoodRobinhood App · Robinhood Web
Robinhood offers trading through the Robinhood App and Robinhood Web. The mobile app is the centerpiece of the offering, known for its intuitive, minimalist user interface. It enables quick trading of stocks, ETFs, options, and cryptocurrencies in just a few clicks. The web platform offers enhanced charting features and account management. Both platforms are designed for simplicity but offer fewer professional analysis tools than competitors.
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 platformRegulation does not prevent market losses. The relevant authority depends on the contracting entity.
Your investor profile
Who might it suit?
RobinhoodCommission-free US broker that revolutionized stock trading
- Completely commission-free trading
- Very user-friendly app
- Fractional shares from $1
- Only available for US customers
- Limited research and analysis tools
WealthsimpleCanadian 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
Robinhood 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.
In-depth analysis
Entry and fees: Neither asks for a minimum deposit and both advertise commission-free trading — the arithmetic still differs. Robinhood trades stocks, ETFs and options at $0 commission. Wealthsimple trades Canadian and US stocks at CAD $0 commission but applies a 1.5% FX fee on US trading, which drops to 0% on the Premium tier. Buy US names regularly from Canada, then, and you pay either the FX fee or the Premium upgrade. Robinhood earns instead through payment for order flow — stated in its business model and in its execution figure of around 50 ms.
Products and platforms: The hard difference is options. Robinhood trades US options commission-free; Wealthsimple offers no options at all. The instrument list is otherwise similarly lean — Robinhood: stocks, ETFs, options, crypto; Wealthsimple: stocks, ETFs, crypto. Both back an app plus web rather than a professional terminal, and both note a lack of advanced analysis tools in their own profiles. Wealthsimple does bring automated portfolios, a robo-advisor component Robinhood does not list; its execution runs through TSX routing, also quoted at around 50 ms.
Profile and verdict: The real point is geography. Robinhood (3.9/5 from 2,500 reviews, founded 2013 in Menlo Park) is SEC- and FINRA-regulated and available only to US customers. Wealthsimple (4.1/5 from 1,700 reviews, founded 2014 in Toronto) is IIROC-regulated and available only to Canadian customers. For most readers, then, the decision is made by where they live rather than by the feature list. If the choice is genuinely open: options exist only at Robinhood, automated portfolios only at Wealthsimple.
Your questions
Frequently asked questions
How do fees differ between Robinhood and Wealthsimple?
Robinhood: $0 commission on stocks, ETFs and options. 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: Robinhood or Wealthsimple?
Robinhood offers Stocks, ETFs, Options, Crypto. Wealthsimple offers Stocks, ETFs, Crypto.
How are Robinhood and Wealthsimple regulated?
The broker profiles list SEC/FINRA for Robinhood and IIROC for Wealthsimple. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is Robinhood or Wealthsimple better for beginners?
Robinhood lists a 0 $ minimum deposit and offers Robinhood App, Robinhood Web. Wealthsimple lists 0 CAD and offers Wealthsimple App, Wealthsimple Web. Compare usability, available products and costs for your intended use.
Robinhood vs Wealthsimple: Which broker is better overall?
The choice between Robinhood (3.9/5, 2500 reviews) and Wealthsimple (4.1/5, 1700 reviews) depends on your needs. Robinhood: Commission-free US broker that revolutionized stock trading. Wealthsimple: Canadian neobroker with commission-free stock trading.
Your next step
Your next step
RobinhoodCommission-free US broker that revolutionized stock trading
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.