Wealthsimple vs. Nest Wealth
Compare Wealthsimple and Nest Wealth 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 Nest Wealth
Nest Wealth is a Canadian robo-advisor focused on low, flat-fee pricing and personalized ETF portfolios. It offers digital onboarding, automatic rebalancing, and is regulated by CIRO, with CIPF insurance.
| Feature | Wealthsimple | Nest Wealth |
|---|---|---|
| Commission | $0 on stocks/ETFs | N/A (Robo-advisor only) |
| Options Fees | $0.75–$2 USD/contract | N/A |
| FX Fees | 1.5% (waived with USD account) | Included in ETF MERs |
| Account Types | Personal, TFSA, RRSP, RESP, USD, more | Personal, TFSA, RRSP, RESP, more |
| Platforms | Mobile, Web | Web, Mobile |
| Fractional Shares | Yes (500+ stocks/ETFs) | No |
| Research Tools | Basic charts, watchlists | N/A (managed portfolios) |
| Minimum Deposit | $0 | $0 |
| Safety | CIRO regulated, CIPF up to $1M | CIRO regulated, CIPF up to $1M |
| Support | Chat, email, phone (priority for Premium) | Email, phone |
| Unique Features | Robo-advisor, Cash account, Tax, Fractional shares | Flat-fee pricing, personalized portfolios |
Pros & Cons
WS
Wealthsimple Pros
- $0 commissions, no minimums
- Fractional shares
- Beginner-friendly app
- Unified ecosystem (robo, cash, tax)
- Great for new investors
NE Nest Wealth Pros
- Flat-fee pricing ($20–$80/mo, good for large balances)
- Personalized ETF portfolios
- Automatic rebalancing
- Regulated by CIRO, CIPF insurance
WS
Wealthsimple Cons
- Limited advanced trading tools
- 15-min delayed quotes (free tier)
- No direct USD RRSP/TFSA (as of 2026)
NE Nest Wealth Cons
- Flat fee can be expensive for small balances
- No commission-free DIY trading
- No fractional shares
- Fewer account integrations 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 Nest Wealth if…
- You want flat-fee robo-advisor pricing, personalized ETF portfolios, and are comfortable with a web-first experience.
- Best for large balances and those who want a pure robo-advisor.
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