Updated September 28, 2026 · BrokerCue Editorial Team
Mirae Asset Securities vs Wealthsimple
Mirae Asset Securities vs Wealthsimple: the differences
| Compare |  Mirae Asset Securities |  Wealthsimple |
|---|---|---|
| Minimum deposit | ₹0 | CA$0 |
| Stock trade fee | ₹10 | CA$0 |
| Account fee | ₹0 | CA$0 |
| Markets | Stocks, ETFs, Options, Futures, Funds | Stocks, ETFs, Options, Crypto, Futures |
| Margin rate | 8.99% | 3.95%Lower |
| Options contract fee | ₹10 | CA$0 |
| Deposit and withdrawal fees | UPI free; net banking Rs7-11 + GST | Not confirmed |
| Platforms | Web Trading Platform, Trading App, Trading API | Not confirmed |
| Account types | Not confirmed | Joint, Corporate |
| Maximum retail leverage | 4X | Not confirmed |
| 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 8.99%.
- Markets: only Mirae Asset Securities offers Funds.
- Markets: only Wealthsimple offers Crypto.
- Features: only Mirae Asset Securities offers Options, Futures.
- Features: only Wealthsimple offers Crypto, Fractional shares.
- Pricing model: only Mirae Asset Securities offers Low fees.
- Pricing model: only Wealthsimple offers Commission free.
- Audience: only Mirae Asset Securities offers Day traders.
- Audience: only Wealthsimple offers Experienced.
Our verdict on each
Mirae Asset Securities
Mirae Asset Securities runs a low-fee broking account priced in INR that suits beginners and day traders who want flat per-trade charges. With a stock trade fee of INR 10 and an account fee of INR 0, costs stay predictable, though that flat charge leaves it behind rivals on cheaper per-trade pricing.
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 | Mirae Asset Securities | Wealthsimple |
|---|---|---|
| Cost | 9.2The cost score of 6 reflects a INR 10 options fee and a 8.99% margin rate on a low-fee model. | 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 | 9.4Higher | 9.2Managed portfolios charge 0.5% and start at CAD 1, with cash earning 1.25%. |
Side by side, item by item
| Markets | Mirae Asset Securities | Wealthsimple |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| Crypto | No | Yes |
| Funds | Yes | No |
A third option
Nexo has margin rate at 1.9%, against 8.99% for Mirae Asset Securities and 3.95% for Wealthsimple.
Nexo reviewHow they place
| Ranking | Mirae Asset Securities | Wealthsimple |
|---|---|---|
| Stock and ETF brokers | 66 of 490 | 53 of 490 |
| Options trading platforms | 21 of 103 | 17 of 103 |
| Futures trading platforms | 17 of 83 | 13 of 83 |
| Margin trading brokers | 11 of 22 | 8 of 22 |
| Brokers for beginners | 25 of 88 | 21 of 88 |
Every fact side by side
| Fact | Mirae Asset Securities | Wealthsimple |
|---|---|---|
| Features | Options, Futures, Mobile app | Crypto, Fractional shares, Mobile app |
| Pricing model | Low fees | Commission free |
| Audience | Beginners, Day traders | Beginners, Experienced |
| Legal entity | Not confirmed | Wealthsimple Technologies Inc. |
| Headquarters | South Korea | Canada |
| Support channels | Not confirmed | Chat, Email, Phone, Help centre |
Robo-advisors
| Fact | Mirae Asset Securities | 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 | Mirae Asset Securities | Wealthsimple | Median |
|---|---|---|---|
| Margin rate | 8.99%above the median | 3.95%lowest quarter | 8.79% |
| Interest on cash | Not confirmed | 1.25%lowest quarter | 3% |
Median across 34 listed brokers.
Pros and cons
Mirae Asset Securities
Pros
- Account fee of INR 0 and a minimum deposit of INR 0, so nothing is charged to hold or open.
- Flat INR 10 per stock trade and INR 10 per options contract, which makes costs easy to model.
- Margin available at a rate of 8.99% with retail leverage of 4X.
Cons
- The stock trade fee of INR 10 ranks 98 of 161, behind cheaper per-trade rivals.
- Cash movement follows UPI free; net banking Rs7-11 + GST, so moving money in and out is not entirely cost free.
- A margin rate of 8.99% on leverage of 4X magnifies losses as well as gains on borrowed positions.
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
Mirae Asset Securities
Who it suits
- Beginners opening a first account, with a minimum deposit of INR 0.
- Day traders working in options and futures, with a contract fee of INR 10.
- Traders who want web, app and API access under one low-fee account.
Who should look elsewhere
- eToro, which charges $0 per stock trade.
- Vantage, which sets a minimum deposit of $5 where CFI asks for $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
Mirae Asset Securities
How much does it cost to trade stocks?+
A stock trade costs INR 10 and an options contract fee of INR 10 applies. The account fee is INR 0, so nothing is charged for holding the account open. The flat per-trade charge is simple to model, though it sits above commission-free rivals.
Is there a minimum deposit?+
The minimum deposit is listed as INR 0, so an account can be opened and funded in small steps. With an account fee of INR 0 there is no standing cost before you trade. Watch cash movement instead, where charges follow UPI free; net banking Rs7-11 + GST.
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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