Updated September 28, 2026 · BrokerCue Editorial Team
Wealthsimple vs Webull
Wealthsimple vs Webull: the differences
| Compare |  Wealthsimple |  Webull |
|---|---|---|
| Stock trade fee | CA$0 | $0 |
| Markets | Stocks, ETFs, Options, Crypto, Futures | Stocks, ETFs, Options, Futures, Crypto, Bonds, FundsCovers more |
| Options contract fee | CA$0 | $0 |
| Account types | Joint, Corporate | IRA |
| Minimum deposit | CA$0 | Not confirmed |
| Account fee | CA$0 | Not confirmed |
| Regulators | Not confirmed | FINRA, SEC, SIPC |
| Investor protection | Not confirmed | SIPC up to USD 500,000 |
| Margin rate | 3.95% | Not confirmed |
| Deposit and withdrawal fees | Not confirmed | $0 incoming stock transfer |
| Platforms | Not confirmed | Desktop, Mobile, Web |
| Interest on cash | 1.25% | Not confirmed |
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Key differences
- Webull scores higher overall: 9.6 vs 9.4.
- Markets: only Webull offers Bonds, Funds.
- Account types: only Wealthsimple offers Joint, Corporate.
- Account types: only Webull offers IRA.
- Support channels: only Wealthsimple offers Chat.
- Features: only Webull offers Demo account, Options, Futures.
Our verdict on each
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).
Webull
Webull suits US retail investors who want a single app for stocks, options, futures, crypto and retirement saving, and the fee line is the draw: a stock trade costs $0. Investor protection is SIPC up to USD 500,000, though the account range is narrow.
Score breakdown
| Area | Wealthsimple | Webull |
|---|---|---|
| Cost | 9.6Minimum deposit of CAD 0, stock trade fee of CAD 0, options contract fee of CAD 0 and account fee of CAD 0. | 9.7Higher |
| Offer | 9.2Managed portfolios charge 0.5% and start at CAD 1, with cash earning 1.25%. | 9.3Higher |
| Trust | Not confirmed | 9.8 |
Feature by feature
| Markets | Wealthsimple | Webull |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| Crypto | Yes | Yes |
| Bonds | No | Yes |
| Funds | No | Yes |
| Account types | Wealthsimple | Webull |
|---|---|---|
| IRA | No | Yes |
| Joint | Yes | No |
| Corporate | Yes | No |
Where these facts come from
Wealthsimple
- wealthsimple.com: 13 facts, checked September 26, 2026
- help.wealthsimple.com: 1 fact, checked September 26, 2026
Webull
- webull.com: 9 facts, checked September 26, 2026
- brokercheck.finra.org: 2 facts, checked September 26, 2026
- sipc.org: 1 fact, checked September 26, 2026
How they place
| Ranking | Wealthsimple | Webull |
|---|---|---|
| Stock and ETF brokers | 53 of 490 | 36 of 490 |
| Options trading platforms | 17 of 103 | 8 of 103 |
| Futures trading platforms | 13 of 83 | 9 of 83 |
Every fact side by side
| Fact | Wealthsimple | Webull |
|---|---|---|
| Features | Crypto, Fractional shares, Mobile app | Crypto, Demo account, Fractional shares, Options, Futures, Mobile appCovers more |
| Pricing model | Commission free | Commission free |
| Audience | Beginners, Experienced | Not confirmed |
| Legal entity | Wealthsimple Technologies Inc. | WEBULL FINANCIAL LLC |
| Headquarters | Canada | Not confirmed |
| Support channels | Chat, Email, Phone, Help centreCovers more | Email, Phone, Help centre |
Robo-advisors
| Fact | Wealthsimple | Webull |
|---|---|---|
| Management fee | 0.5% | Not confirmed |
| Minimum investment | CA$1 | Not confirmed |
| Portfolio types | ETF, Cash, Crypto | Not confirmed |
Where each stands against the rest
| Fact | Wealthsimple | Webull | Median |
|---|---|---|---|
| Account fee | CA$0below the median | Not confirmed | CA$60 |
| Margin rate | 3.95%lowest quarter | Not confirmed | 8.79% |
| Interest on cash | 1.25%lowest quarter | Not confirmed | 3% |
Median across 34 listed brokers.
Pros and cons
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
Webull
Pros
- A stock trade costs $0 and an options contract $0 on the ira account.
- Investor protection is SIPC up to USD 500,000, with registration under FINRA, SEC and SIPC.
- A single app covers stocks, etfs and options, so shares, bonds, funds, options, futures and crypto sit together.
Cons
- Support runs on email, phone and help centre, with no live chat listed.
- Account choice is narrow, with ira the only type listed.
- Across the brokers compared, the middle retail loss share is 70.15% and the top of the range 88%.
Who each suits
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)
Webull
Who it suits
- US retail investors who want stocks, options, futures and crypto under a single login
- Beginners using the demo account in crypto, demo account and fractional shares before committing money
- Retirement savers who want $0 stock trades in the same app
Who should look elsewhere
- eToro, if you want forex and CFDs, since stocks, etfs and forex include them
- CFI, if your focus is forex and CFDs rather than stocks, etfs and options
- Vantage, if you trade metals and CFDs, which its forex, cfds and stocks cover
Country by country
| Country | Wealthsimple | Webull |
|---|---|---|
| United States | No | Yes |
Questions about each
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.
Webull
What does it cost to trade?+
A stock trade costs $0 and an options contract $0, on the ira account. The pricing model is commission free, and incoming stock transfers are free. Costs stay low, though they do not decide whether a trade makes money.
Is my money protected if the firm fails?+
Accounts sit with WEBULL FINANCIAL LLC. Investor protection is SIPC up to USD 500,000, and registration with FINRA, SEC and SIPC applies, with SIPC membership listed as SIPC member 71394. Low costs do not change that, so weigh the retail loss figures before you trade.
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