Apps like Wealthsimple

Compare apps like Wealthsimple to find the best trading platform for your unique set of needs.

Wealthsimple is a popular commission-free mobile trading platform that lets you buy and sell thousands of stocks and exchange traded funds (ETFs). The platform performs well among its peers, but you may want to compare a few apps to find the best fit for your needs. Learn more about apps like Wealthsimple or explore an in-depth ranking of the best stock trading apps in Canada here.

Apps like Wealthsimple for investing

Wealthsimple is known for its low fees and user-friendly platform. That said, it pays to compare apps like Wealthsimple because each app has unique features that could make it a better fit for your needs. Click on the links below to learn more about each alternative:

Questrade

Questrade

Get $50 cash back when you open a self-directed account and fund it with at least $250. Use code FINDER50.

Similarities
  • Sign up in minutes
  • No annual account fees
  • Supports stocks and commission-free ETFs
  • Accounts include RRSPs, TFSAs and cash accounts
  • Minimum balance of $0 for Self-Directed Investing
  • Regulated in Canada
Differences
  • Commissions for stocks range from $0 to $9.95
  • Live stock quotes and plenty of research tools

Wealthsimple vs. Questrade

Qtrade Direct Investing

Qtrade Direct Investing

Get $50 upon opening and funding a new account, up to a maximum of $150 for 3 accounts. Use code OFFER2025. Valid until October 31, 2025.

Go to site
Similarities
  • Sign up in minutes
  • No minimum deposit required
  • Supports ETFs and stocks
  • Accounts include RRSPs, TFSAs and cash accounts
  • Regulated in Canada
Differences
  • Quarterly account fees of $25 (unless you have $25,000 in your account)
  • Commissions for stocks and ETFs range from $6.95 to $8.75
  • Broad range of research tools
Qtrade vs. Questrade

MogoTrade (waitlisted)

MogoTrade

Get commission-free trades and free real-time streaming quotes.

Similarities
  • Sign up in minutes
  • No monthly fees
  • Commission-free trading of stocks and ETFs
  • Fractional shares
  • No minimum balance required
  • Futures trading not available
Differences
  • Emphasis on green and ESG investing
  • App isn't launched yet (currently waitlisted)
  • Free real-time quotes available to all users
  • No access from desktop

Compare other trading platforms

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Product Finder Score Available Asset Types Account Types Stock Trading Fee Monthly Account Fee Offer
Finder Score
Stocks, Bonds, Options, Index Funds, ETFs, Forex, Currencies, Futures
RRSP, TFSA, Personal, Joint
min $1.00, max 0.5%
$0
Go to site More info
Compare product selection
Moomoo logo
Finder Score
Finder Score
Stocks, Options, ETFs
RRSP, TFSA, Personal, FHSA
$1.49/stock
$0
Enjoy a 6% cash rebate plus up to $4,600 in trading perks. Offer ends July 31, 2025.
Go to site More info
Compare product selection
CIBC logo
Finder Score
Finder Score
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, Precious Metals, IPOs
RRSP, RESP, RRIF, TFSA, Personal, Joint, FHSA
$6.95
$0 if conditions met, or $100
Get 100 free online equity trades when you open a CIBC Investor’s Edge account using promo code EDGE100. Valid until September 30, 2025.
Go to site More info
Compare product selection
Qtrade logo
Finder Score
Finder Score
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, IPOs
RRSP, RESP, RRIF, TFSA, Personal, Joint, FHSA
$6.95 - $8.75
$0 if conditions met, otherwise $25/quarter
Get $50 upon opening and funding a new account, up to a maximum of $150 for 3 accounts. Use code OFFER2025. Valid until October 31, 2025.
Go to site More info
Compare product selection
Questrade logo
Finder Score
Finder Score
Stocks, Bonds, Options, Mutual Funds, Index Funds, ETFs, Forex, GICs, Precious Metals, IPOs
RRSP, RESP, RRIF, TFSA, Personal, Joint, FHSA
$0
$0
Get $50 cash back when you open a self-directed account and fund it with at least $250. Use code FINDER50.
More info
Compare product selection
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Finder Score for stock trading platforms

To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score the better the platform - simple.

Read the full methodology

Apps like Wealthsimple Invest

Wealthsimple Invest is the robo-advisor version of the Wealthsimple Trade account. This means you don’t choose ETFs or investments yourself, but it’s done by an algorithm in the app. All you need to do is set your risk profile and any money you deposit will be invested automatically. Apps like Wealthsimple Invest include the following:

Apps like the Wealthsimple Chequing Account

The Wealthsimple Chequing Account is an online bank account that lets you save and send money for free. It comes with no account fees and is usually much more flexible than a normal bank account. Other apps like the Wealthsimple Chequing Account include the following:

Bottom line

Wealthsimple’s easy-to-use platform and commission-free trading structure make it a leader amongst its competitors. But it always pays to do your homework and compare trading platforms based on your needs. Apps and platforms like Questrade, Qtrade, MogoTrade and Flahmingo are alternatives to Wealthsimple. The one that is best for you depends on your priorities.

Frequently asked questions

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Associate editor

Claire Horwood was a writer at Finder, specializing in credit cards, loans and other financial products. She has a Bachelor of Arts in Gender Studies from the University of Victoria, and an Associate’s Degree in Science from Camosun College. Much of Claire’s coursework has focused on writing and statistics, with a healthy dose of social and cultural analysis mixed in for good measure. In her spare time, Claire enjoys rock climbing, travelling and drinking inordinate amounts of coffee. See full bio

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