Questrade vs. Wealthsimple (User Review Comparison)


Questrade vs. Wealthsimple User Review Compared

  Wealthsimple Trade Questrade
Fees $0 to trade stocks and ETFs (no commissions) Stocks and ETFs ($4.95 to $9.95), ETF purchases are free;
$9.95 for mutual funds; min. of $5,000 purchase for bonds,
GICs and IPOs; 1% fee for Intl. equities;
$19.95 USD/trade for precious metals
Accounts available TFSA, RRSP, non-registered accounts RRSP, RESP, TFSA, Margin, LIRA, LRSP, RIF, LIF, non-registered personal
& business accounts
Minimum investment $0 $1,000
Device platforms Web, iOS, and Android Web, iOS, and Android
Promotions $50 cash bonus when you trade your first $150 $50 in free trades on new accounts with min. $1,000
Other fees 1.5% currency conversion fee for USD-CAD trades $19.95 quarterly inactivity fee and ECN fees when applicable
Market data Market data is delayed by up to 15 minutes (real-time snap data available at a $3 monthly fee) Multiple market data packages available (free & paid)
Types of orders Market orders, limit orders, and stop-limit orders Market order, limit order, stop-loss order, stop-limit order,
trailing stop order, trailing stop-limit order, limit on open order, limit on close order
Stock exchanges supported TSX, TSXV, NYSE & NASDAQ TSX, TSXV, NYSE, MX, PINX, BATS, CNSX, etc.
DRIPS Not currently available Available