Fidelity International vs Wealthsimple - BrokerCue
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Broker Comparison

Fidelity International vs Wealthsimple

Compare Fidelity International and Wealthsimple side by side: fees, regulation, platforms.

Fidelity International

Fidelity International

Long-term fund and ISA investors

Fidelity International is a UK-regulated investment platform offering stocks, ETFs, funds, ISAs and SIPPs witโ€ฆ

VS
Wealthsimple

Wealthsimple

Canadian beginner and passive investors

Wealthsimple is a Canadian all-in-one financial platform offering commission-free stock and ETF trading, manaโ€ฆ

Head-to-head comparison

Fidelity International vs Wealthsimple
Feature Fidelity International Wealthsimple
Minimum deposit - -
Stock trading fee ยฃ7.50 per online trade; ยฃ1.50 per trade via regular savings plan; ยฃ30 by phone Commission-free on Canadian and US exchanges
Regulators FCA CIRO, OSC
Best for Long-term fund and ISA investors Canadian beginner and passive investors
Markets & account
Stocks
ETFs
Crypto
-
Bonds
-
Options
-
Funds
-
Ready Made Portfolios
Isa
-
Sipp
-
Investment Plans
Fractional Shares
-
Margin
-

Pros & cons

Fidelity International

Fidelity International

Pros

  • No dealing fee on funds
  • Annual service fee capped at ยฃ2,000
  • ETF and share custody fee capped at ยฃ90 per year inside ISA or SIPP
  • No service fee on Junior ISA, Junior SIPP, or Investment Account (exchange-traded assets)
  • No deposit, withdrawal, or inactivity fees
  • Access to over 2,500 funds from multiple providers
  • Ready-made ISA portfolios available via Fidelity Navigator
  • FCA regulated with FSCS protection up to ยฃ85,000

Cons

  • ยฃ7.50 per trade is relatively high for infrequent share or ETF buyers
  • No fractional shares
  • No demo account
  • No multi-currency account
  • No margin lending
  • No CFDs, forex, options, futures, or crypto
  • FX conversion markup of 0.75% applies to the first ยฃ10,000
  • Minimum service fee of ยฃ7.50 per month (ยฃ90 per year) applies to accounts under ยฃ25,000 without a regular savings plan
Wealthsimple

Wealthsimple

Pros

  • Commission-free stock and ETF trading
  • No account, inactivity, or transfer-out fees on self-directed accounts
  • Fractional shares with a $1 minimum investment
  • Integrated robo-advisor, self-directed trading, and crypto in one app
  • Multiple registered account types including TFSA, RRSP, FHSA, and RESP
  • CIPF investor protection up to $1 million per account category
  • No minimum deposit requirement
  • TradingView charting integration on web platform

Cons

  • 1.5% CAD/USD currency conversion fee applies to most US stock trades unless a USD account is held
  • $10 per month USD account fee for Core plan users
  • No mutual funds, bonds, GICs, CFDs, or forex products
  • No demo account
  • Advanced research and charting tools are limited compared to full-service brokers
  • Managed portfolio customization is restricted to a small set of model portfolios
  • Higher-tier benefits require $100,000 or $500,000 in household assets
Fidelity International

Fidelity International

Fidelity International is a UK-regulated investment platform offering stocks, ETFs, funds, ISAs and SIPPs with a tiered service fee and free fund dealing.

Your capital is at risk. Other fees apply.

Wealthsimple

Wealthsimple

Wealthsimple is a Canadian all-in-one financial platform offering commission-free stock and ETF trading, managed portfolios, crypto, and tax filing in a single app.

Your capital is at risk. Other fees apply.

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