Wealthsimple Referral
Wealthsimple vs Qtrade: Which is Better for Canadians in 2025?
See our side-by-side comparison of Wealthsimple and Qtrade for fees, features, safety, and more.
Referral Code: HODMTG — Get at least $25 (up to $100 depending on active promotions) when you join using the code or this referral link.
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 Qtrade
Qtrade is a well-established Canadian online brokerage, known for its award-winning customer service, robust research tools, and competitive pricing. Qtrade offers $0 commissions on stocks/ETFs, a wide range of account types, and is highly rated for user experience and support. 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)
Qtrade Pros
- $0 commissions
- Excellent customer service
- Advanced research & portfolio tools
- USD accounts for all account types
- Strong educational resources
Qtrade Cons
- $1,000 minimum deposit
- No fractional shares
- Options fees higher than Wealthsimple
- Platform less modern 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 Qtrade if…
- You want advanced research tools, award-winning support, USD accounts, and are comfortable with a $1,000 minimum. Best for investors who value service and analytics.