Updated September 29, 2026 · BrokerCue Editorial Team
Wealthsimple vs XTB
What sets them apart
| Compare |  Wealthsimple |  XTB |
|---|---|---|
| Minimum deposit | CA$0 | €0 |
| Stock trade fee | CA$0 | €0 |
| Account fee | CA$0 | €0 |
| Markets | Stocks, ETFs, Options, Crypto, Futures | Stocks, ETFs, Forex, CFDs, Crypto |
| Inactivity fee | Not confirmed | €10 |
| Regulators | Not confirmed | Cyprus Securities and Exchange Commission (CySEC), FCA, KNF |
| Investor protection | Not confirmed | EU ICS up to EUR 20,000 |
| Retail accounts that lose money | Not confirmed | 77% |
| Currency conversion fee | Not confirmed | 0.5% |
| Margin rate | 3.95% | Not confirmed |
| Options contract fee | CA$0 | Not confirmed |
| Deposit and withdrawal fees | Not confirmed | Free deposits; free withdrawals above 100 EUR/USD |
| Platforms | Not confirmed | XStation 5, XStation Mobile |
| Account types | Joint, Corporate | Not confirmed |
| Maximum retail leverage | Not confirmed | 1:30 |
| Interest on cash | 1.25% | Not confirmed |
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Key differences
- Wealthsimple scores higher overall: 9.4 vs 9.3.
- Markets: only Wealthsimple offers Options, Futures.
- Markets: only XTB offers Forex, CFDs.
- Support channels: only Wealthsimple offers Help centre.
- Features: only Wealthsimple offers Fractional shares.
- Features: only XTB offers Demo account.
- Pricing model: only XTB offers Low fees.
- Audience: only Wealthsimple offers Experienced.
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).
XTB
XTB suits retail traders who want to hold stocks, ETFs, forex, CFDs and crypto under one Cyprus-based account without a monthly charge. The account fee is €0, deposits cost nothing, and CySEC, FCA and KNF authorisations sit behind a legal entity founded in 2002.
Score breakdown
| Area | Wealthsimple | XTB |
|---|---|---|
| Cost | 9.6HigherMinimum deposit of CAD 0, stock trade fee of CAD 0, options contract fee of CAD 0 and account fee of CAD 0. | 9.1 |
| Offer | 9.2Managed portfolios charge 0.5% and start at CAD 1, with cash earning 1.25%. | 9.3Higher |
| Trust | Not confirmed | 9.6 |
Where each is licensed and available
| Country | Wealthsimple | XTB |
|---|---|---|
| Cyprus | Not confirmed | Cyprus Securities and Exchange Commission (CySEC) MiCA CASP 259400HM2TR4U3LF5D43 |
| Poland | Not confirmed | |
| United Kingdom | Not confirmed |
Side by side, item by item
| Markets | Wealthsimple | XTB |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | No | Yes |
| CFDs | No | Yes |
| Options | Yes | No |
| Futures | Yes | No |
| Crypto | Yes | Yes |
What we checked
Wealthsimple
- wealthsimple.com: 13 facts, checked September 26, 2026
- help.wealthsimple.com: 1 fact, checked September 26, 2026
XTB
- xtb.com: 10 facts, checked September 26, 2026
- hello-brokers.com: 5 facts, checked September 26, 2026
- esma.europa.eu: 2 facts, checked September 26, 2026
- eupersonalfinance.eu: 1 fact, checked September 26, 2026
- linkedin.com: 1 fact, checked September 26, 2026
How they place
| Ranking | Wealthsimple | XTB |
|---|---|---|
| Stock and ETF brokers | 62 of 471 | 3 of 471 |
| Brokers for beginners | 21 of 88 | 1 of 88 |
Every fact side by side
| Fact | Wealthsimple | XTB |
|---|---|---|
| Features | Crypto, Fractional shares, Mobile app | Demo account, Mobile app, Crypto |
| Pricing model | Commission free | Commission free, Low feesCovers more |
| Audience | Beginners, ExperiencedCovers more | Beginners |
| Legal entity | Wealthsimple Technologies Inc. | XTB Limited |
| Headquarters | Canada | Cyprus |
| Founded | Not confirmed | 2002 |
| Support channels | Chat, Email, Phone, Help centreCovers more | Email, Chat, Phone |
Robo-advisors
| Fact | Wealthsimple | XTB |
|---|---|---|
| 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 | XTB | Median |
|---|---|---|---|
| Inactivity fee | Not confirmed | €10above the median | €2.45 |
| Retail accounts that lose money | Not confirmed | 77%highest quarter | 72.05% |
| Currency conversion fee | Not confirmed | 0.5%above the median | 0.45% |
| Margin rate | 3.95%lowest quarter | Not confirmed | 8.75% |
| Options contract fee | CA$0lowest quarter | Not confirmed | CA$1.25 |
| Interest on cash | 1.25%lowest quarter | Not confirmed | 3% |
Median across 47 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
XTB
Pros
- Account fee of €0 on the standard account, and stock trades cost €0.
- Minimum deposit of €0, so the account opens without a funding floor.
- Regulated by CySEC, the FCA and KNF across Cyprus, the UK and Poland.
Cons
- An inactivity fee of €10 applies, unlike eToro, which has no such charge.
- Forex and CFD trading is not cost free: fx trading costs 0.5%.
- CFDs carry a high proportion of losing retail accounts, and XTB's own figure is 77%.
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)
XTB
Who it suits
- Retail traders in the UK and Europe who want stocks, ETFs, forex, CFDs and crypto in one account
- Beginners who want a demo account and a mobile app before committing money
- Cost conscious traders who will not hold a balance large enough to trigger the inactivity fee
Who should look elsewhere
- Vantage, if a small minimum deposit of $5 suits a smaller starting balance better
- CFI, for traders who want forex and CFDs without paying an fx charge of 0.5%
- Anyone who plans to hold an idle balance for a long period, given the inactivity fee of €10
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.
XTB
What does XTB charge to open and hold an account?+
The account fee is €0, so there is no monthly or annual cost to keeping the account open. A stock trade costs €0 on the same account. The only recurring charge to watch is an inactivity fee of €10 for traders whose balance sits idle.
Is there a minimum deposit at XTB?+
The minimum deposit is €0, which means the account can be opened and funded with a small amount. It is a lower floor than the $5 asked by Vantage, so it suits a trader testing the platform before scaling up.
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