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 |
