As you can see with all the information above, it is clear both brokers offer the same features for the most part. However, if you are looking for the full stack of features and products all-in-one, Questrade is your best bet.
Wealthsimple is simply tailored more to newbie stock investors and beginners, which offer limited products and features. For 2021 Questrade is the winner against Wealthsimple. Here are our reasons why:
Questrade pros…
- Wide range of ways to trade, ex: web trading, mobile app, Questrade IQ Edge.
- Trusted long term brand.
- More options for deposits.
- A bigger range of exchanges to trade with.
- Wide range of tradable instruments including: Forex, CFD’s, Stocks, Options, Mutual Funds, Bonds, Precious Metals and ETFs
Overall, the two brokers would be a good choice for most retail or beginner traders. We hope this made the decision a bit easier. Happy Trading!