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Wealthsimple vs CIBC Investor's Edge: Which is Better for Canadians in 2025?
See our side-by-side comparison of Wealthsimple and CIBC Investor's Edge for fees, features, safety, and more.
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About Wealthsimple
Wealthsimple is Canada's leading fintech for commission-free investing, robo-advisor portfolios, and digital banking. It's known for its beginner-friendly app, $0 commissions, fractional shares, and seamless integration of investing, saving, and tax tools. Regulated by CIRO, with CIPF insurance up to $1M.
About CIBC Investor's Edge
CIBC Investor's Edge is the online brokerage arm of CIBC, one of Canada's Big Five banks. It offers competitive commissions, a wide range of account types, and access to research tools. Regulated by CIRO, with CIPF insurance.
Feature Comparison
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 2025)
CIBC Investor's Edge Pros
- Bank integration
- Wide range of account types
- Access to research tools
- Branch support
CIBC Investor's Edge Cons
- $6.95 commission per trade
- No fractional shares
- Platform less modern than Wealthsimple
- Options fees higher than Wealthsimple
Who Should Choose Which?
Choose Wealthsimple if…
- You want a simple, mobile-first experience, $0 commissions, fractional shares, and easy access to robo-advisor and cash accounts.
- Great for beginners and hands-off investors.
Choose CIBC Investor's Edge if…
- You want bank integration, access to research, and branch support, and are comfortable with $6.95 commissions.
- Best for those who value traditional banking.