Updated September 28, 2026 · BrokerCue Editorial Team
LYNX vs Wealthsimple
Where LYNX and Wealthsimple differ
| Compare |  LYNX |  Wealthsimple |
|---|---|---|
| Minimum deposit | $0 | CA$0 |
| Stock trade fee | $5 | CA$0 |
| Account fee | €0 | CA$0 |
| Markets | Stocks, ETFs, Forex, Options, Futures, Bonds, Funds | Stocks, ETFs, Options, Crypto, Futures |
| Margin rate | 7.1% | 3.95%Lower |
| Inactivity fee | €5 | Not confirmed |
| Options contract fee | Not confirmed | CA$0 |
| Deposit and withdrawal fees | One withdrawal per month free | Not confirmed |
| Platforms | LYNX+, Trader Workstation, Trading App | Not confirmed |
| Account types | Not confirmed | Joint, Corporate |
| Interest on cash | Not confirmed | 1.25% |
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Key differences
- Wealthsimple scores higher overall: 9.4 vs 9.3.
- Margin rate is lower at Wealthsimple: 3.95% vs 7.1%.
- Markets: only LYNX offers Forex, Bonds, Funds.
- Markets: only Wealthsimple offers Crypto.
- Features: only LYNX offers Demo account.
- Features: only Wealthsimple offers Crypto.
- Pricing model: only LYNX offers Low fees.
- Pricing model: only Wealthsimple offers Commission free.
- Audience: only Wealthsimple offers Beginners.
Our verdict on each
LYNX
LYNX suits experienced traders who want a long list of markets behind the same account. The account fee is €0 and the minimum deposit is $0, so holding costs nothing, while a stock trade fee of $5 makes dealing the cost centre.
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 | LYNX | Wealthsimple |
|---|---|---|
| Cost | 9.0Costly to trade: stock trade fees rank 139 of 161 and the inactivity fee 34 of 56, against an account fee of €0. | 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 | 9.6Higher | 9.2Managed portfolios charge 0.5% and start at CAD 1, with cash earning 1.25%. |
Side by side, item by item
| Markets | LYNX | Wealthsimple |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | No |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| Crypto | No | Yes |
| Bonds | Yes | No |
| Funds | Yes | No |
Choosing between them
Pick LYNX if offer matter most.
Pick Wealthsimple if cost and margin rate matter most.
How they place
| Ranking | LYNX | Wealthsimple |
|---|---|---|
| Stock and ETF brokers | 65 of 490 | 53 of 490 |
| Options trading platforms | 20 of 103 | 17 of 103 |
| Futures trading platforms | 16 of 83 | 13 of 83 |
| Margin trading brokers | 10 of 22 | 8 of 22 |
Every fact side by side
| Fact | LYNX | Wealthsimple |
|---|---|---|
| Features | Fractional shares, Demo account, Mobile app | Crypto, Fractional shares, Mobile app |
| Pricing model | Low fees | Commission free |
| Audience | Experienced | Beginners, ExperiencedCovers more |
| Legal entity | Not confirmed | Wealthsimple Technologies Inc. |
| Headquarters | Not confirmed | Canada |
| Support channels | Not confirmed | Chat, Email, Phone, Help centre |
Robo-advisors
| Fact | LYNX | 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 | LYNX | Wealthsimple | Median |
|---|---|---|---|
| Inactivity fee | €5above the median | Not confirmed | €0 |
| Margin rate | 7.1%below the median | 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
LYNX
Pros
- Nothing to pay for the account itself: fees run €0 and the minimum deposit is $0.
- The same account covers stocks, etfs and forex, putting shares, funds, bonds and derivatives under one roof.
- Platform choice runs from the LYNX+ terminal to the Trader Workstation and a mobile app, and a demo account with fractional shares comes with it.
Cons
- A stock trade fee of $5 applies to every deal, so frequent dealing raises the bill quickly.
- An inactivity fee of €5 applies, so money left untouched still carries a charge.
- A margin rate of 7.1% means a small deposit can control a much larger position.
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
LYNX
Who it suits
- Experienced traders: the audience listed is experienced, and the account is priced as a low fee model.
- Anyone who wants stocks, etfs and forex sitting in the same login.
- Traders who want to practise first, with a demo account and fractional shares alongside a mobile app.
Who should look elsewhere
- eToro for occasional share buying: its stock trade fee is $0 against $5 at LYNX, so small repeated deals cost more here.
- Vantage for anyone who must start with a deposit: the minimum deposit there is $5 while LYNX opens at $0.
- CFI for CFD and crypto trading, since its markets run to stocks, etfs and forex while LYNX runs to stocks, etfs and forex.
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
LYNX
What does LYNX charge to open and hold an account?+
Opening and holding are free: the account fee is €0 and the minimum deposit is $0. Costs appear only when you trade, through a stock trade fee of $5. The account is priced overall as a low fee model rather than a subscription service.
What does a stock trade cost on LYNX?+
A stock trade costs $5 with no account fee on top, and the same account also carries forex, options, futures, bonds and funds. On share dealing alone LYNX sits near the back of the brands compared, at 139 of 161.
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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