Updated September 29, 2026 · BrokerCue Editorial Team

ActivTrades vs Wealthsimple

ActivTrades scores 9.4 and Wealthsimple 9.4 out of 10. Compare their differences and shared features below.

ActivTrades

9.4/10

Facts checked September 29, 2026.

Wealthsimple

9.4/10

Facts checked September 26, 2026.

What sets them apart

ActivTrades vs Wealthsimple
Compare
ActivTradesActivTrades
ReviewVisitVisit
WealthsimpleWealthsimple
ReviewSee alternativesSee alternatives
Minimum deposit$0CA$0
Stock trade fee$0CA$0
Account fee$0CA$0
MarketsStocks, ETFs, Forex, CFDs, Crypto, BondsStocks, ETFs, Options, Crypto, Futures
Interest on cash3.3%Higher1.25%
RegulatorsFCA, SCB, CMVM, FSC, BACENNot confirmed
Investor protectionFSCS up to GBP 85,000Not confirmed
Retail accounts that lose money84%Not confirmed
Currency conversion fee0.5%Not confirmed
Margin rateNot confirmed3.95%
Options contract feeNot confirmedCA$0
Deposit and withdrawal feesFree deposits and withdrawalsNot confirmed
PlatformsActivTrader, MetaTrader 4, MetaTrader 5, TradingViewNot confirmed
Account typesNot confirmedJoint, Corporate

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.

Key differences

  • Markets: only ActivTrades offers Forex, CFDs, Bonds.
  • Markets: only Wealthsimple offers Options, Futures.
  • Interest on cash is higher at ActivTrades: 3.3% vs 1.25%.
  • Features: only ActivTrades offers Demo account.

Our verdict on each

ActivTrades

ActivTrades suits active share and CFD traders who want broad market access with commission free dealing and flexible platform choice for everyday orders. Minimum deposit sits at $0, stock trade fee sits at $0 and retail accounts that lose money sit at 84%, so careful risk controls remain essential.

Read the full ActivTrades review

Wealthsimple

Wealthsimple serves Canadian beginners and experienced investors who want self-directed trading and managed portfolios in a single app. The minimum deposit is CAD 0, the stock trade fee is CAD 0 and the account fee is CAD 0, while the UK is not among its markets (stocks, etfs and options).

Read the full Wealthsimple review

Score breakdown

ActivTrades vs Wealthsimple
AreaActivTradesWealthsimple
Cost9.3Account fee sits at $0 so holding costs stay contained9.6HigherMinimum deposit of CAD 0, stock trade fee of CAD 0, options contract fee of CAD 0 and account fee of CAD 0.
Offer9.6HigherCoverage spans stocks, ETFs and forex across shares and leveraged products9.2Managed portfolios charge 0.5% and start at CAD 1, with cash earning 1.25%.
Trust9.5Oversight includes FCA, SCB and CMVM with FCA cover for reassuranceNot confirmed

Choosing between them

Pick ActivTrades if offer and interest on cash matter most.

Pick Wealthsimple if cost matter most.

If neither fits

Nexo has interest on cash at 13%, against 3.3% for ActivTrades and 1.25% for Wealthsimple.

Nexo review

Sources behind this comparison

ActivTrades

  • activtrades.com: 12 facts, checked September 28, 2026
  • help.activtrades.com: 1 fact, checked September 29, 2026

Wealthsimple

  • wealthsimple.com: 13 facts, checked September 26, 2026
  • help.wealthsimple.com: 1 fact, checked September 26, 2026

How they place

ActivTrades vs Wealthsimple
RankingActivTradesWealthsimple
Stock and ETF brokers1 of 47162 of 471

Every fact side by side

ActivTrades vs Wealthsimple
FactActivTradesWealthsimple
FeaturesCrypto, Demo account, Fractional shares, Mobile appCovers moreCrypto, Fractional shares, Mobile app
Pricing modelCommission freeCommission free
AudienceNot confirmedBeginners, Experienced
Legal entityNot confirmedWealthsimple Technologies Inc.
HeadquartersNot confirmedCanada
Support channelsNot confirmedChat, Email, Phone, Help centre

Robo-advisors

ActivTrades vs Wealthsimple
FactActivTradesWealthsimple
Management feeNot confirmed0.5%
Minimum investmentNot confirmedCA$1
Portfolio typesNot confirmedETF, Cash, Crypto

Where each stands against the rest

ActivTrades vs Wealthsimple
FactActivTradesWealthsimpleMedian
Retail accounts that lose money84%highest quarterNot confirmed72.05%
Currency conversion fee0.5%above the medianNot confirmed0.45%
Margin rateNot confirmed3.95%lowest quarter8.75%
Options contract feeNot confirmedCA$0lowest quarterCA$1.25
Interest on cash3.3%above the median1.25%lowest quarter3%

Median across 47 listed brokers.

Pros and cons

ActivTrades

Pros

  • Stock trade fee sits at $0 for share dealing under commission free
  • Minimum deposit sits at $0, below eToro at $50
  • Funding terms read Free deposits and withdrawals for deposits and withdrawals

Cons

  • Retail accounts that lose money sit at 84%, above the CFD median at 72.05%
  • Currency conversion on funding costs 0.5% for balances held in other currencies
  • Cash interest sits at 3.3%, which limits appeal for cash heavy portfolios

Wealthsimple

Pros

  • Stock trade fee of CAD 0 on a commission-free model across self-directed accounts
  • Minimum deposit of CAD 0, so an account opens with a small sum
  • Managed portfolios charge a management fee of 0.5% and start at CAD 1

Cons

  • The UK and Europe are not among its markets (stocks, etfs and options), so a reader there would need a different broker
  • Managed portfolios carry a management fee of 0.5% on top of CAD 0 self-directed trades
  • Margin is available at a margin rate of 3.95%, which amplifies losses on a levered position

Who each suits

ActivTrades

Who it suits

  • New traders starting modestly with entry at $0 and practice via crypto, demo account and fractional shares
  • Share traders wanting dealing at $0 across stocks, ETFs and forex with platform choice
  • CFD traders wanting structured support via email, chat and phone where funding reads Free deposits and withdrawals

Who should look elsewhere

  • Traders wanting crypto led dealing with very low cash entry may prefer Kraken at $1
  • Traders wanting social and copy features may prefer eToro despite higher entry at $50

Wealthsimple

Who it suits

  • Canadian beginners putting money away in a managed portfolio
  • Canadian investors buying fractional shares in a mobile app
  • Experienced traders wanting stocks, ETFs, options, crypto and futures in a single account

Who should look elsewhere

  • UK or EU readers, who should look at CFI, eToro or Vantage instead
  • Traders who want a forex and CFD range, since stocks, etfs and options omits both
  • Anyone seeking an ISA, SIPP or similar tax-sheltered wrapper, since neither is among its account types (joint and corporate)

Questions about each

ActivTrades

What does ActivTrades charge for stock trades?+

Stock trade fee sits at $0 for share dealing. The pricing model is described by commission free, which helps keep ticket costs predictable for equity orders. Spreads and conversion charges can still apply on leveraged trades, so review order previews and statements before dealing.

Is ActivTrades regulated and safe?+

Oversight comes via FCA, SCB and CMVM, including FCA cover alongside other regional entities. Eligible balances carry protection at FSCS up to GBP 85,000. Protection applies under scheme rules and by entity, so confirm which entity serves your account during signup and keep account records.

Wealthsimple

What does it cost to trade stocks at Wealthsimple?+

The stock trade fee is CAD 0 and the account fee is CAD 0. Options contracts carry a fee of CAD 0. Cash earns interest of 1.25%. Managed portfolios are the part that still charges, at a management fee of 0.5%.

Is there a minimum deposit or account fee?+

The minimum deposit is CAD 0 and the account fee is CAD 0, so opening an account costs nothing. Managed portfolios ask for a minimum investment of CAD 1. Brands across the site typically ask €4.64 to start.

Other options to compare

ActivTrades

ActivTrades

Higher score in this comparison

9.4/10Visit

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