PU Prime vs Wealthsimple - BrokerCue
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Broker Comparison

PU Prime vs Wealthsimple

Compare PU Prime and Wealthsimple side by side: fees, regulation, platforms.

PU Prime

PU Prime

Active CFD and forex traders

PU Prime is a multi-asset CFD and forex broker founded in 2015 offering 1,000+ instruments across MT4, MT5 an…

VS
Wealthsimple

Wealthsimple

Canadian beginner and passive investors

Wealthsimple is a Canadian all-in-one financial platform offering commission-free stock and ETF trading, mana…

Head-to-head comparison

PU Prime vs Wealthsimple
Feature PU Prime Wealthsimple
Minimum deposit - -
Stock trading fee Available as CFDs; spreads vary by account type Commission-free on Canadian and US exchanges
Regulators ASIC, FSCA, FSC, FSA, CMA CIRO, OSC
Best for Active CFD and forex traders Canadian beginner and passive investors
Markets & account
Stocks
ETFs
Forex
-
CFDs
-
Crypto
Bonds
-
Options
-
Futures
-
Margin
Multi Currency
-
Demo Account
-
Fractional Shares
-
Ready Made Portfolios
-
Investment Plans
-

Pros & cons

PU Prime

PU Prime

Pros

  • Regulated by ASIC (Tier 1), FSCA (Tier 2) and multiple other bodies
  • 1,000+ instruments including forex, stocks, ETFs, crypto and bonds
  • Raw spreads from 0.0 pips on Prime and ECN accounts
  • No deposit fees and no inactivity fees
  • Free demo account with up to $100,000 virtual funds
  • PU Social copy trading platform with 32,000+ strategy providers
  • MetaTrader 4 and MetaTrader 5 supported alongside proprietary web trader
  • Low minimum deposit of $50 for Standard accounts

Cons

  • ECN account requires $10,000 minimum deposit to access lowest commissions
  • One entity registered in St. Vincent and the Grenadines carries no regulation
  • $20 bank wire fee after the first wire transfer per month
  • Demo account expires after 60 days of inactivity
  • PU Web Trader does not support automated trading via Expert Advisors
  • No real stock investing - shares available as CFDs only
  • FCA has issued a warning against PU Prime (Seychelles) entity for UK clients
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
PU Prime

PU Prime

PU Prime is a multi-asset CFD and forex broker founded in 2015 offering 1,000+ instruments across MT4, MT5 and a proprietary web platform with copy trading.

Visit PU Prime Read review

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.

Visit Wealthsimple Read review

Your capital is at risk. Other fees apply.

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