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
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 Moomoo
Moomoo is a global trading platform known for its advanced charting, low fees, and access to US, HK, and other global markets. It offers commission-free trading on US stocks, advanced analytics, and is popular with active traders. Regulated in multiple jurisdictions.
| 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
- Advanced charting & analytics
- Access to global markets (US, HK)
- Paper trading available
- Good for active traders
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)
- No fractional shares
- Platform can be complex for beginners
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 Moomoo if…
- You want advanced analytics, global markets, and are comfortable with a more complex platform.
- Best for active traders and those trading US/HK stocks.
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