Updated September 29, 2026 · BrokerCue Editorial Team
Nexo vs Wealthsimple
Where Nexo and Wealthsimple differ
| Compare |  Nexo |  Wealthsimple |
|---|---|---|
| Minimum deposit | $5,000 | CA$0 |
| Markets | Crypto, Futures | Stocks, ETFs, Options, Crypto, FuturesCovers more |
| Margin rate | 1.9%Lower | 3.95% |
| Account types | Corporate | Joint, CorporateCovers more |
| Interest on cash | 13%Higher | 1.25% |
| Stock trade fee | Not confirmed | CA$0 |
| Account fee | Not confirmed | CA$0 |
| Regulators | Department of Financial Protection and Innovation, National Securities Commission (CNV) of the Argentine Republic, Companies Registry, Ministry of Finance, Financial Services Authority Seychelles | Not confirmed |
| Investor protection | SIPC up to USD 500,000 | Not confirmed |
| Options contract fee | Not confirmed | CA$0 |
| Platforms | Web platform, Mobile app | Not confirmed |
| Maximum retail leverage | 100x | Not confirmed |
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.
Key differences
- Wealthsimple scores higher overall: 9.4 vs 9.0.
- Margin rate is lower at Nexo: 1.9% vs 3.95%.
- Markets: only Wealthsimple offers Stocks, ETFs, Options.
- Account types: only Wealthsimple offers Joint.
- Interest on cash is higher at Nexo: 13% vs 1.25%.
- Features: only Nexo offers Demo account.
- Features: only Wealthsimple offers Fractional shares.
- Pricing model: only Nexo offers Low fees.
- Pricing model: only Wealthsimple offers Commission free.
Our verdict on each
Nexo
Nexo suits corporate account holders who want crypto plus futures trading on web and mobile platforms with margin borrowing available. You should weigh minimum funding of $5,000 and margin rate of 1.9% against demo access and limited market breadth before you commit capital.
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 | Nexo | Wealthsimple |
|---|---|---|
| Cost | 9.0Margin borrowing priced with margin rate of 1.9% supports cost view. | 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 | 8.9Offer centres on markets of crypto and futures via platforms of Web platform and Mobile app. | 9.2HigherManaged portfolios charge 0.5% and start at CAD 1, with cash earning 1.25%. |
| Trust | 9.0Trust reflects cover of SIPC up to USD 500,000. | Not confirmed |
How they place
| Ranking | Nexo | Wealthsimple |
|---|---|---|
| Futures trading platforms | 1 of 83 | 13 of 83 |
| Margin trading brokers | 1 of 22 | 8 of 22 |
Sources behind this comparison
Nexo
- nexo.com: 9 facts, checked September 29, 2026
- portal.dfpi.ca.gov: 2 facts, checked September 29, 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 | Nexo | Wealthsimple |
|---|---|---|
| Features | Crypto, Demo account, Mobile app | Crypto, Fractional shares, Mobile app |
| Pricing model | Low fees | 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 | Nexo | 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 | Nexo | Wealthsimple | Median |
|---|---|---|---|
| Stock trade fee | Not confirmed | CA$0below the median | CA$3.48 |
| Account fee | Not confirmed | CA$0below the median | CA$60 |
| Margin rate | 1.9%lowest quarter | 3.95%lowest quarter | 8.79% |
| Options contract fee | Not confirmed | CA$0below the median | CA$0.90 |
| Interest on cash | 13%highest quarter | 1.25%lowest quarter | 3% |
Median across 34 listed brokers.
Pros and cons
Nexo
Pros
- Crypto and futures coverage in crypto and futures suits focused digital asset traders rather than general equity investors.
- Corporate access through corporate suits entities that need business onboarding rather than personal accounts.
- Margin access with margin rate of 1.9% gives clear borrowing pricing for planned leveraged use.
Cons
- Entry funding of $5,000 is high beside $50 at eToro and $1 at Kraken, which limits casual access.
- Market breadth is narrow at crypto and futures, with crypto and futures focus and no stocks or funds breadth for diversification.
- Support runs on chat, email and help centre only, which may deter you if you prefer phone help available elsewhere.
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
Nexo
Who it suits
- Corporate desks that accept $5,000 and prefer Nexo focus over eToro retail breadth
- Crypto futures users who value Web platform and Mobile app and prefer Nexo margin clarity over Kraken entry level simplicity
- Entity clients comfortable with chat, email and help centre who prefer Nexo structure over NAGA retail positioning
Who should look elsewhere
- Traders seeking low entry balances who prefer eToro because $50 is below $5,000
- Crypto beginners wanting simple retail onboarding who prefer Kraken because $1 is below $5,000
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
Nexo
What can you trade with Nexo?+
Nexo focuses on markets of crypto and futures, which means crypto and futures activity rather than broad equities or funds. Access is through platforms of Web platform and Mobile app, giving web based management plus mobile use for monitoring. You should confirm that this limited scope matches your plan before you apply.
How much do you need to open a Nexo account?+
Nexo lists minimum deposit of $5,000 and account choice of corporate, so access is framed around corporate funding. You should prepare qualifying funds and corporate documentation before you start. This structure suits entities rather than individuals seeking small retail balances.
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.