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If you’ve decided to try out online investing and have narrowed down your choices to Wealthsimple and Questrade—congratulations! Both are solid Canadian options that can help you grow your money and achieve your investment goals.
But choosing between the two can be tricky. While the two financial services providers have very similar options, they aren’t identical. The best choice will depend on your situation and preferences—particularly whether you want to pick your own self-directed investments or let a robo-advisor pick a portfolio of investments for you.
We’ve broken down the differences between Questrade* and Wealthsimple* to help you choose the best service for you.
Comparison of brokerage services
Questrade* started making its name as a low-cost provider of brokerage services in 1999, long before the term “fintech” entered the lexicon. Today, it offers almost every type of investment—including stocks, bonds, ETFs, mutual funds, GICs, options, initial public offerings, and other equities such as precious metals—with much lower trading fees than traditional brokerages, banks or other financial institutions…
But choosing between the two can be tricky. While the two financial services providers have very similar options, they aren’t identical. The best choice will depend on your situation and preferences—particularly whether you want to pick your own self-directed investments or let a robo-advisor pick a portfolio of investments for you.
We’ve broken down the differences between Questrade* and Wealthsimple* to help you choose the best service for you.
Comparison of brokerage services
Questrade* started making its name as a low-cost provider of brokerage services in 1999, long before the term “fintech” entered the lexicon. Today, it offers almost every type of investment—including stocks, bonds, ETFs, mutual funds, GICs, options, initial public offerings, and other equities such as precious metals—with much lower trading fees than traditional brokerages, banks or other financial institutions…


