---
title: Wealthsimple vs Questrade (2026) Review
description: Compare Wealthsimple and Questrade for Canadian investors in 2026. See fees, features, safety, pros & cons, and which is best for you.
---

*Updated for 2026 • Questrade vs Wealthsimple*

# Wealthsimple vs. Questrade

Compare Wealthsimple and Questrade for Canadian investors in 2026. See fees, features, safety, pros & cons, and which is best for you.

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## About

### About Wealthsimple
I use Wealthsimple for most of my investing — the $0 commissions, fractional shares, and the all-in-one app (investing + Cash + Tax) are what made me switch. It's beginner-friendly but has grown with me as I've gotten more confident. That said, it's not the most advanced platform out there.

### About Questrade
Questrade is what I looked at before landing on Wealthsimple. It's been around since 1999 and is one of the larger independent brokerages in Canada. From what I found during my research, it has more advanced trading tools and better USD account options — the big trade-off is the $1,000 minimum and per-trade commissions. Note: fees and features may have changed since my research — always check questrade.com directly.

## Comparison Table

| Feature | Wealthsimple | Questrade |
| :--- | :--- | :--- |
| **Commission** | $0 on stocks/ETFs | $4.95–$9.95 per trade |
| **Options** | $0.75–$2 USD/contract | $9.95 + $1/contract |
| **FX Fees** | 1.5% (waived with USD account) | ~1.5% (USD accounts available) |
| **Min Deposit** | $0 | $1,000 |
| **Platforms** | Mobile, Web | Web, Mobile, Desktop |
| **Fractional Shares** | Yes (500+ stocks/ETFs) | No |
| **Account Types** | Personal, TFSA, RRSP, RESP, USD, more | Personal, TFSA, RRSP, RESP, USD, more |
| **Research Tools** | Basic charts, watchlists | Advanced research, screeners |
| **Safety** | CIRO regulated, CIPF up to $1M | CIRO regulated, CIPF up to $1M |
| **Support** | Chat, email, phone (priority for Premium) | Phone, chat, email |
| **Unique Features** | Robo-advisor, Cash account, Tax, Fractional shares | Advanced trading, USD accounts |

## Pros & Cons

### Wealthsimple Pros
- $0 commissions, no minimums
- Fractional shares
- Beginner-friendly app
- Unified ecosystem (robo, cash, tax)
- Great for new investors

### Wealthsimple Cons
- Limited advanced trading tools
- 15-min delayed quotes (free tier)
- No direct USD RRSP/TFSA (as of 2026)

### Questrade Pros
- More advanced trading tools than Wealthsimple
- USD account options (good for frequent US trading)
- Wide range of account types
- Long-established Canadian brokerage
- Strong research tools

### Questrade Cons
- $1,000 minimum deposit (based on my research — verify current terms)
- Commissions on stock/ETF trades
- No fractional shares (as far as I could find)
- Less beginner-friendly than Wealthsimple

## Who Should Choose Which?

### Choose Wealthsimple if...
- You want everything in one place — investing, a Cash account, and tax filing — with no minimums and $0 commissions. That's why I went with Wealthsimple.
- Also great if you want to start small with fractional shares or a robo-advisor.

### Choose Questrade if...
- From my research, Questrade makes more sense if you're an active trader who needs advanced tools, USD accounts, and doesn't mind paying commissions per trade.
- If you're already comfortable with trading platforms and want more control, it's worth checking out at questrade.com.

## Ready to Start Investing?

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**Referral Code**: `HODMTG`