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

*Updated for 2026 • TD Direct Investing vs Wealthsimple*

# Wealthsimple vs. TD Direct Investing

Compare Wealthsimple and TD Direct Investing 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 chose Wealthsimple for the $0 commissions and the all-in-one simplicity — investing, Cash, and taxes in one app. It's genuinely designed for the modern investor.

### About TD Direct Investing
TD Direct Investing is Canada's largest online brokerage — that much is well-known. I looked into it seriously because TD is a major bank with a solid reputation. From my research, trades cost $9.99 each, but the platform suite is impressive: WebBroker, Advanced Dashboard, and TD Active Trader. Great for serious, experienced investors. Always verify current pricing at td.com/directinvesting.

## Comparison Table

| Feature | Wealthsimple | TD Direct Investing |
| :--- | :--- | :--- |
| **Commission** | $0 on stocks/ETFs | $9.99 per trade (stocks/ETFs) |
| **Options** | $0.75–$2 USD/contract | $9.99 + $1.25/contract |
| **FX Fees** | 1.5% (waived with USD account) | ~1.5% (USD accounts available) |
| **Min Deposit** | $0 | $0 |
| **Platforms** | Mobile, Web | WebBroker, Advanced Dashboard, TD app, TD Active Trader |
| **Fractional Shares** | Yes (500+ stocks/ETFs) | No |
| **Account Types** | Personal, TFSA, RRSP, RESP, USD, more | Personal, TFSA, RRSP, RESP, USD, Margin, more |
| **Research Tools** | Basic charts, watchlists | Advanced screeners, real-time data, Morningstar, TD Economics, customizable dashboards |
| **Safety** | CIRO regulated, CIPF up to $1M | CIRO regulated, CIPF up to $1M |
| **Support** | Chat, email, phone (priority for Premium) | Phone, chat, in-branch, extensive help resources |
| **Unique Features** | Robo-advisor, Cash account, Tax, Fractional shares | Multiple pro-grade platforms, advanced order types, in-branch support, TD banking integration |

## 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)

### TD Direct Investing Pros
- Multiple professional-grade platforms (WebBroker, Advanced Dashboard, TD Active Trader)
- In-depth research: Morningstar, TD Economics, real-time data
- In-branch and phone support
- Full integration with TD banking
- Great for experienced and active traders

### TD Direct Investing Cons
- $9.99 per trade (based on my research — verify at td.com)
- No fractional shares (as far as I could find)
- Complex for beginners
- Higher options fees than Wealthsimple

## Who Should Choose Which?

### Choose Wealthsimple if...
- I'd go with Wealthsimple if $0 commissions and an all-in-one approach matter to you. That's what ultimately drove my decision.

### Choose TD Direct Investing if...
- From my research, TD Direct Investing is worth it if you want pro-grade research tools and multiple trading platforms — and you're already a TD customer or want that banking integration.
- Always verify current pricing and any potential fee waivers at td.com/directinvesting.

## Ready to Start Investing?

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