Best for
Beginner to intermediate investors; buy-and-hold ETF strategy
Wealthsimple Trade: Zero-commission CAD trading; TFSA and RRSP available
Investing
Investing App Comparison
Compare fees, portfolios, account types, and investor tools.
Updated May 26, 2026
Fact-checked by MoneyMapCanada Editorial TeamUpdated May 26, 2026
MoneyMapCanada Editorial Team
Editorial review and fact-check team
The MoneyMapCanada Editorial Team reviews every article and calculator for factual accuracy, source integrity, and consistency with current Canadian government guidance. Each piece is cross-checked against CRA publications, FCAC consumer guidance, CMHC rules, or CDIC coverage definitions before publication. The team also monitors for rate and rule changes and flags outdated content for revision.
Fact-check process: each article cross-referenced against the named government source before publication
Rate and rule monitoring: content flagged and updated when CRA, FCAC, CMHC, or CDIC guidance changes
Sample total value score
Wealthsimple Trade92/100
Questrade84/100
Wealthsimple Invest (Robo-advisor)76/100
Qtrade Direct Investing68/100
How this comparison works
Scores and table rows are educational examples, not paid rankings or personalized recommendations. Compare the full cost, eligibility rules, flexibility, support access, and current provider terms before choosing a financial product.
Comparison table
Fees, APR, ratings, pros and cons
| Product | Rating | Monthly / Annual Fee | APR / Rate | Best For | Pros | Cons |
|---|---|---|---|---|---|---|
Wealthsimple Trade Zero-commission CAD trading; TFSA and RRSP available | 4.7 | $0 for CAD; 1.5% FX for USD | N/A | Beginner to intermediate investors; buy-and-hold ETF strategy | No commissions; clean mobile app; TFSA/RRSP/FHSA; fractional shares | 1.5% FX on US trades; limited research tools vs full-service brokers |
Questrade Free ETF purchases; lower FX than WS; strong platform | 4.5 | $0 ETF buys; $4.95–$9.95 sells | N/A | Self-directed investors who buy ETFs or occasional stocks | Free ETF purchases; lower 1% FX rate; advanced trading platform options | Sells cost up to $9.95; interface less beginner-friendly than Wealthsimple |
Wealthsimple Invest (Robo-advisor) Fully managed portfolios; automatic rebalancing and tax-loss harvesting | 4.4 | 0.40%–0.50%/yr | N/A | Hands-off investors who want a set-and-forget portfolio | Automatic rebalancing; socially responsible options; halal portfolios; TFSA/RRSP | 0.40–0.50% fee adds up long-term vs self-directed approach |
Qtrade Direct Investing Top-rated customer service; broad account types including RESPs | 4.3 | $8.75 per trade | N/A | Investors who value research tools and human support | Award-winning service; free ETF list; excellent research tools; RESP available | Per-trade commission; higher cost than zero-commission alternatives |
Best for
Self-directed investors who buy ETFs or occasional stocks
Questrade: Free ETF purchases; lower FX than WS; strong platform
Best for
Hands-off investors who want a set-and-forget portfolio
Wealthsimple Invest (Robo-advisor): Fully managed portfolios; automatic rebalancing and tax-loss harvesting
Check current offers
Compare live investing rates from Canadian providers
The table above uses planning examples. Actual fees, rates, and offers change — verify directly with providers before applying.
Questrade — $0 ETF buys
Low-cost brokerage, free ETF purchases, TFSA/RRSP available
Wealthsimple Invest
Robo-advisor with TFSA, RRSP, and socially responsible options
Qtrade Direct Investing
Top-rated Canadian online brokerage for active investors
MoneyMapCanada may earn a referral fee from some links above. This does not affect our editorial rankings or recommendations. See our affiliate disclosure.
Sources used
Official references checked for this page
Updated May 26, 2026
Each claim on this page is traceable to one of the government authorities or regulators below. Rates, tax rules, eligibility requirements, and product terms can change — verify current details directly with the linked source before making any financial decision.
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