Wealthsimple vs. Moomoo
Compare Wealthsimple and Moomoo for Canadian investors in 2026. See fees, features, safety, pros & cons, and which is best for you.
About
About Wealthsimple
I switched to Wealthsimple because it keeps everything — investing, my Cash account, and taxes — in one place, with $0 commissions and no minimums. It's designed for Canadians, which matters a lot to me.
About Moomoo
Moomoo is a platform I looked into when I wanted more advanced charts. It offers commission-free US stock trading and some very sophisticated analytics tools. The key thing I noticed: it doesn't support Canadian registered accounts like TFSA or RRSP, which was a dealbreaker for me personally. Always confirm current features and regulatory status at moomoo.com/ca.
| Feature | Wealthsimple | Moomoo |
|---|---|---|
| Commission | $0 on stocks/ETFs | $0 on US stocks/ETFs |
| Options Fees | $0.75–$2 USD/contract | $0.65 USD/contract |
| FX Fees | 1.5% (waived with USD account) | ~0.3% (varies by market) |
| Account Types | Personal, TFSA, RRSP, RESP, USD, more | Margin, Cash, US/Global |
| Platforms | Mobile, Web | Mobile, Web, Desktop |
| Fractional Shares | Yes (500+ stocks/ETFs) | No |
| Research Tools | Basic charts, watchlists | Advanced charts, screeners, analytics |
| Minimum Deposit | $0 | $0 |
| Safety | CIRO regulated, CIPF up to $1M | Regulated in US, HK, Singapore |
| Support | Chat, email, phone (priority for Premium) | Chat, email, phone |
| Unique Features | Robo-advisor, Cash account, Tax, Fractional shares | Advanced analytics, global markets, paper trading |
Pros & Cons
WS
Wealthsimple Pros
- $0 commissions, no minimums
- Fractional shares
- Beginner-friendly app
- Unified ecosystem (robo, cash, tax)
- Great for new investors
MO Moomoo Pros
- $0 commissions on US stocks (based on my research — verify at moomoo.com/ca)
- Very advanced charting and analytics tools
- Paper trading (practice) available
- Access to US and HK markets
WS
Wealthsimple Cons
- Limited advanced trading tools
- 15-min delayed quotes (free tier)
- No direct USD RRSP/TFSA (as of 2026)
MO Moomoo Cons
- No Canadian registered accounts (TFSA, RRSP) — this was a dealbreaker for me
- No fractional shares (as far as I could find)
- Platform can feel overwhelming for beginners
Who Should Choose Which?
Choose Wealthsimple if…
- I'd suggest Wealthsimple if you want a Canadian platform with TFSA/RRSP support. Being able to hold my investments in registered accounts is a big deal for me tax-wise.
Choose Moomoo if…
- From my research, Moomoo could work well if you want to trade US/HK stocks with advanced charts and you already have a separate account for your TFSA/RRSP.
- Verify current Canadian account support and fees at moomoo.com/ca.
Ready to Start Investing?
Open a Wealthsimple account today and get a $25 bonus when you fund your account using our referral code.
* Referral code: HODMTG