Updated October 13, 2026 · BrokerCue Editorial Team
CMC Invest vs Wealthsimple
Facts checked September 26, 2026.
What sets them apart
| Compare |  CMC Invest |  Wealthsimple |
|---|---|---|
| Stock trade fee | £0 | CA$0 |
| Markets | Stocks, ETFs, Funds | Stocks, ETFs, Options, Crypto, Futures |
| Account types | ISA, SIPP, Jisa | Joint, Corporate |
| Interest on cash | 3.69%Higher | 1.25% |
| Minimum deposit | Not confirmed | CA$0 |
| Account fee | Not confirmed | CA$0 |
| Margin rate | Not confirmed | 3.95% |
| Options contract fee | Not confirmed | CA$0 |
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Key differences
- Markets: only CMC Invest offers Funds.
- Markets: only Wealthsimple offers Options, Crypto, Futures.
- Account types: only CMC Invest offers ISA, SIPP, Jisa.
- Account types: only Wealthsimple offers Joint, Corporate.
- Interest on cash is higher at CMC Invest: 3.69% vs 1.25%.
- Features: only Wealthsimple offers Crypto.
Our verdict on each
CMC Invest
CMC Invest trades breadth for focus, centring on long term portfolio building rather than wide speculative coverage. It is an investment platform for investors who want shares, ETFs, trusts and funds with guides and consolidated management in one place.
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).
Score breakdown
| Area | CMC Invest | Wealthsimple |
|---|---|---|
| Cost | 9.4 | 9.6HigherMinimum deposit of CAD 0, stock trade fee of CAD 0, options contract fee of CAD 0 and account fee of CAD 0. |
| Offer | 9.3Higher | 9.2Managed portfolios charge 0.5% and start at CAD 1, with cash earning 1.25%. |
A third option
Nexo has interest on cash at 13%, against 3.69% for CMC Invest and 1.25% for Wealthsimple.
Nexo reviewWhat we checked
CMC Invest
- cmcmarkets.com: 6 facts, checked September 26, 2026
Wealthsimple
- wealthsimple.com: 13 facts, checked September 26, 2026
- help.wealthsimple.com: 1 fact, checked September 26, 2026
How they place
| Ranking | CMC Invest | Wealthsimple |
|---|---|---|
| Stock and ETF brokers | 283 of 471 | 62 of 471 |
Every fact side by side
| Fact | CMC Invest | Wealthsimple |
|---|---|---|
| Features | Fractional shares, Mobile app | Crypto, Fractional shares, Mobile appCovers more |
| Pricing model | Commission free | Commission free |
| Audience | Not confirmed | Beginners, Experienced |
| Legal entity | Not confirmed | Wealthsimple Technologies Inc. |
| Headquarters | Not confirmed | Canada |
| Support channels | Not confirmed | Chat, Email, Phone, Help centre |
Robo-advisors
| Fact | CMC Invest | Wealthsimple |
|---|---|---|
| Management fee | Not confirmed | 0.5% |
| Minimum investment | Not confirmed | CA$1 |
| Portfolio types | Not confirmed | ETF, Cash, Crypto |
Where each stands against the rest
| Fact | CMC Invest | Wealthsimple | Median |
|---|---|---|---|
| Minimum deposit | Not confirmed | CA$0at the median | CA$0 |
| Account fee | Not confirmed | CA$0below the median | CA$79.90 |
| Margin rate | Not confirmed | 3.95%lowest quarter | 8.75% |
| Options contract fee | Not confirmed | CA$0lowest quarter | CA$1.25 |
| Interest on cash | 3.69%highest quarter | 1.25%lowest quarter | 3% |
Median across 43 listed brokers.
Pros and cons
CMC Invest
Pros
- Covers shares, ETFs, investment trusts and funds in one place
- Supports transfers that consolidate existing long term holdings together
- Provides guides that explain core accounts and stock price moves
Cons
- Range stays around shares and managed allocations rather than wider speculation
- Learning guides assume basic knowledge before reading deeper detail
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
CMC Invest
Who it suits
- Long term investors wanting consolidated holdings
- Parents planning for a child future
- Learners seeking plain investment explanations
Who should look elsewhere
- Speculators seeking broad speculative instruments
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
CMC Invest
Which accounts does CMC Invest offer?+
CMC Invest offers a Cash ISA, a flexible Stocks and Shares ISA, a Junior ISA, a Self Invested Personal Pension and a general investment account. You can view those structures side by side within one platform. Transfers into the platform carry conditions that shape eligibility.
What can investors hold through CMC Invest?+
CMC Invest covers shares, ETFs, investment trusts and funds alongside managed allocation choices. The range supports individual company selection and broad exposure across markets, sectors and themes. Listed portfolios shaped around specialist strategies also feature in the choice.
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.
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