Updated September 29, 2026 · BrokerCue Editorial Team
NAGA vs Wealthsimple
NAGA vs Wealthsimple: the differences
| Compare |  NAGA |  Wealthsimple |
|---|---|---|
| Minimum deposit | €50 | CA$0 |
| Stock trade fee | €3 | CA$0 |
| Markets | Stocks, ETFs, Forex, CFDs, Futures, Crypto | Stocks, ETFs, Options, Crypto, Futures |
| Interest on cash | 2.4%Higher | 1.25% |
| Account fee | Not confirmed | CA$0 |
| Regulators | Cyprus Securities and Exchange Commission | Not confirmed |
| Investor protection | EU ICS up to EUR 20,000 | Not confirmed |
| Retail accounts that lose money | 70.45% | Not confirmed |
| Margin rate | Not confirmed | 3.95% |
| Options contract fee | Not confirmed | CA$0 |
| Deposit and withdrawal fees | No withdrawal fee | Not confirmed |
| Platforms | iOS, Android, Web, MetaTrader 5 | Not confirmed |
| Account types | Not confirmed | Joint, Corporate |
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Key differences
- Wealthsimple scores higher overall: 9.4 vs 8.7.
- Markets: only NAGA offers Forex, CFDs.
- Markets: only Wealthsimple offers Options.
- Interest on cash is higher at NAGA: 2.4% vs 1.25%.
- Features: only NAGA offers Copy trading.
- Features: only Wealthsimple offers Fractional shares.
Our verdict on each
NAGA
NAGA suits mobile copy traders who want stocks, ETFs, forex, CFDs, futures and crypto alongside social features in the same app. Opening starts at €50, while stock trades carry €3, so active share buyers should weigh costs against broader choice.
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 | NAGA | Wealthsimple |
|---|---|---|
| Cost | 8.5Stock trades cost €3; withdrawals show No withdrawal fee. | 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 | 9.1Coverage spans stocks, ETFs and forex via iOS, Android and Web for desktop plus mobile. | 9.2HigherManaged portfolios charge 0.5% and start at CAD 1, with cash earning 1.25%. |
| Trust | 8.5Cover sits at EU ICS up to EUR 20,000 under Cyprus oversight. | Not confirmed |
Side by side, item by item
| Markets | NAGA | Wealthsimple |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | No |
| CFDs | Yes | No |
| Options | No | Yes |
| Futures | Yes | Yes |
| Crypto | Yes | Yes |
Where they rank in our lists
| Ranking | NAGA | Wealthsimple |
|---|---|---|
| Stock and ETF brokers | 4 of 471 | 62 of 471 |
Also worth a look
ActivTrades has interest on cash at 3.3%, against 2.4% for NAGA and 1.25% for Wealthsimple.
ActivTrades reviewEvery fact side by side
| Fact | NAGA | Wealthsimple |
|---|---|---|
| Features | Crypto, Copy trading, Mobile app | Crypto, Fractional shares, Mobile app |
| Pricing model | Not confirmed | 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 | NAGA | 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 | NAGA | Wealthsimple | Median |
|---|---|---|---|
| Account fee | Not confirmed | CA$0below the median | CA$79.90 |
| Retail accounts that lose money | 70.45%below the median | Not confirmed | 72.05% |
| Margin rate | Not confirmed | 3.95%lowest quarter | 8.75% |
| Options contract fee | Not confirmed | CA$0lowest quarter | CA$1.25 |
| Interest on cash | 2.4%below the median | 1.25%lowest quarter | 3% |
Median across 47 listed brokers.
Pros and cons
NAGA
Pros
- Access stocks, ETFs and forex under a single login, covering shares through crypto for varied strategies.
- Trade via iOS, Android and Web, with MetaTrader 5 plus mobile apps for flexible order management.
- Withdrawals show No withdrawal fee, helped by No withdrawal fee for cost clarity.
Cons
- Stock trade fee sits at €3, which can weigh on frequent share buyers versus lower fee rivals.
- Support runs on help centre only, so help stays inside help centre without live chat or phone.
- Entry starts at €50, above ActivTrades at $0 for very small starters.
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
NAGA
Who it suits
- Social traders who follow others and want futures plus crypto alongside shares may prefer NAGA over eToro.
- Mobile led investors starting at €50 who accept €3 may prefer NAGA over ActivTrades.
Who should look elsewhere
- Cost sensitive share buyers who want lower ticket fees than €3 may prefer XTB.
- Traders wanting phone or live chat beyond help centre may prefer ActivTrades.
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)
Country by country
| Country | NAGA | Wealthsimple |
|---|---|---|
| Austria | Yes | No |
| Belgium | Yes | No |
| Bulgaria | Yes | No |
| Croatia | Yes | No |
| Cyprus | Yes | No |
| Czechia | Yes | No |
| Denmark | Yes | No |
| Estonia | Yes | No |
8 of 30 countries where either is available.
Questions about each
NAGA
What does NAGA charge for stock trades and withdrawals?+
Stock orders carry €3 per trade, and funding shows No withdrawal fee for withdrawals. Share buyers who trade often should compare that ticket charge with rivals before committing, as frequent dealing lifts total cost over time.
What is the minimum deposit to open a NAGA account?+
Trading can start at €50, which keeps entry modest for newcomers testing markets. Withdrawals show No withdrawal fee, so moving funds out does not add a separate withdrawal charge under current terms.
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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