Updated September 29, 2026 · BrokerCue Editorial Team
eToro vs Wealthsimple
Where eToro and Wealthsimple differ
| Compare |  eToro |  Wealthsimple |
|---|---|---|
| Stock trade fee | $0 | CA$0 |
| Account fee | $0 | CA$0 |
| Markets | Stocks, ETFs, Forex, CFDs, Crypto, Futures | Stocks, ETFs, Options, Crypto, Futures |
| Account types | ISA | Joint, Corporate |
| Minimum deposit | Not confirmed | CA$0 |
| Regulators | Cyprus Securities and Exchange Commission (CySEC), SIPC | Not confirmed |
| Investor protection | EU ICS up to EUR 20,000 | Not confirmed |
| Margin rate | Not confirmed | 3.95% |
| Options contract fee | Not confirmed | CA$0 |
| Interest on cash | Not confirmed | 1.25% |
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Key differences
- Wealthsimple scores higher overall: 9.4 vs 9.2.
- Markets: only eToro offers Forex, CFDs.
- Markets: only Wealthsimple offers Options.
- Account types: only eToro offers ISA.
- Account types: only Wealthsimple offers Joint, Corporate.
- Support channels: only Wealthsimple offers Chat, Email, Phone.
- Features: only eToro offers Demo account, Copy trading.
- Audience: only Wealthsimple offers Experienced.
Our verdict on each
eToro
eToro suits readers who want to hold shares, ETFs, crypto, forex and CFDs in one app without paying commission on trades. Costs look light on the standard account, with a stock trade fee of $0 and account fee of $0, though the account fee applies to the virtual portfolio rather than every standard account.
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 | eToro | Wealthsimple |
|---|---|---|
| Cost | 9.3Commission-free pricing with a stock trade fee of $0 and account fee of $0, but currency conversion on non-USD balances sits outside that headline. | 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 | 8.8 | 9.2HigherManaged portfolios charge 0.5% and start at CAD 1, with cash earning 1.25%. |
| Trust | 9.3 | Not confirmed |
Side by side, item by item
| Markets | eToro | Wealthsimple |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | No |
| CFDs | Yes | No |
| Options | No | Yes |
| Futures | Yes | Yes |
| Crypto | Yes | Yes |
| Account types | eToro | Wealthsimple |
|---|---|---|
| ISA | Yes | No |
| Joint | No | Yes |
| Corporate | No | Yes |
Where each is licensed and available
| Country | eToro | Wealthsimple |
|---|---|---|
| Cyprus | Cyprus Securities and Exchange Commission (CySEC) MiCA CASP 213800GIFQMSV7HROS23 | Not confirmed |
| United States | SIPC SIPC member 70212 | Not confirmed |
Positions in our rankings
| Ranking | eToro | Wealthsimple |
|---|---|---|
| Stock and ETF brokers | 6 of 490 | 53 of 490 |
| Futures trading platforms | 2 of 83 | 13 of 83 |
| Brokers for beginners | 2 of 88 | 21 of 88 |
| Robo-advisors | 2 of 153 | 15 of 153 |
Where these facts come from
eToro
- etoro.com: 9 facts, checked September 26, 2026
- esma.europa.eu: 4 facts, checked September 26, 2026
Wealthsimple
- wealthsimple.com: 13 facts, checked September 26, 2026
- help.wealthsimple.com: 1 fact, checked September 26, 2026
Every fact side by side
| Fact | eToro | Wealthsimple |
|---|---|---|
| Features | Crypto, Demo account, Fractional shares, Copy trading, Mobile appCovers more | Crypto, Fractional shares, Mobile app |
| Pricing model | Commission free | Commission free |
| Audience | Beginners | Beginners, ExperiencedCovers more |
| Legal entity | eToro (Europe) Ltd | Wealthsimple Technologies Inc. |
| Headquarters | Cyprus | Canada |
| Founded | 2007 | Not confirmed |
| Support channels | Help centre | Chat, Email, Phone, Help centreCovers more |
Robo-advisors
| Fact | eToro | Wealthsimple |
|---|---|---|
| Management fee | 0%Lower | 0.5% |
| Minimum investment | $500 | CA$1 |
| Portfolio types | ETF, ESG, Cash, CryptoCovers more | ETF, Cash, Crypto |
Where each stands against the rest
| Fact | eToro | Wealthsimple | Median |
|---|---|---|---|
| Margin rate | Not confirmed | 3.95%lowest quarter | 8.79% |
| Options contract fee | Not confirmed | CA$0below the median | CA$0.90 |
| Interest on cash | Not confirmed | 1.25%lowest quarter | 3% |
Median across 34 listed brokers.
Pros and cons
eToro
Pros
- No commission on share dealing: stock trade fees are $0
- No account fee on the standard dealing account: $0
- Regulated in Cyprus by the Cyprus Securities and Exchange Commission, and a SIPC member in the US
Cons
- A separate management fee of 0% applies to the managed portfolio service, so headline dealing costs are not the whole bill
- Support runs on help centre only, so there is no stated phone or live chat route for account problems
- The same commission-free model at XTB comes with a stated stock trade fee of €0, so commission alone does not separate the two
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
eToro
Who it suits
- Beginners who want commission-free share dealing plus fractional shares
- Readers who want stocks, ETFs, crypto, forex and CFDs in one place
- Anyone saving in a currency other than US dollars who wants to watch the cost of conversion
Who should look elsewhere
- Readers who want a stated phone or live chat support channel, since support runs on help centre
- Day traders who judge a broker on spreads alone, as no spread figure is listed
- Anyone wanting managed portfolios at no cost, since the management fee is 0%
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
eToro
What does it cost to buy shares with eToro?+
The stock trade fee is $0, and the account fee is $0. Both sit at the low end of the market, and eToro is ranked at 1 on trade fees and 1 on account fees among the brands compared here. Currency conversion can still apply if your balance is not in the account currency.
Is there an account fee on the standard eToro account?+
The account fee is $0 for the standard dealing account, which is why eToro places at 1 out of 138 brands on that measure. The managed portfolio service is charged differently, at a management fee of 0%, so treat the dealing and portfolio costs as two separate lines.
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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