Qtrade Vs Wealthsimple (2026): Which Investing Platform Is Right for You?

Choosing the right online brokerage can make a big difference in your investing journey. Two of Canada’s most popular platforms — Qtrade and Wealthsimple — offer vastly different experiences depending on your goals, account size, and investment style.

In this guide, we’ll compare Qtrade vs Wealthsimple across fees, features, tools, account types, and who each platform is best suited for.

👉 Qtrade Promo: Get $50–$150 when you open and fund an account
📆 Valid Apr 1 – Oct 31, [currentyear] | 🏷️ Promo Code: OFFER2025
👉 Claim your Qtrade bonus here

Qtrade vs Wealthsimple: Quick Comparison

Feature	Qtrade	Wealthsimple Trade
Fees	$8.75 standard$6.95 Investor Plus	$0 stock & ETF trades
Commission-Free ETFs	100+ buy/sell	All Canadian & US ETFs
Minimum to Open	$0 (robo: $2,000)	$1
Account Types	Full range (TFSA, RRSP, RESP, etc.)	Limited (No RESP, RRIF, LIRA)
Robo-Advisor	Yes – Guided Portfolios (0.35%)	Yes – Wealthsimple Invest (0.50%)
Mobile App Rating	1.6 (iOS)	4.7 (iOS)
Research Tools	Advanced tools, screeners	Very limited
Support	Highly rated live support	Basic in-app & email
Best For	Informed DIY investors	Beginners focused on no-fee trading

Qtrade Overview

Qtrade is a full-service online broker under Aviso Wealth, offering:

• 105+ commission-free ETFs

• Discounted pricing for active investors

• Excellent customer service

• Access to a wide range of account types

• Robust tools like Portfolio Score, Value Analyzer, and screeners

Ideal for: Intermediate to experienced investors who want more flexibility, research capabilities, and account options.

👉 Learn more in our Qtrade Review

Wealthsimple Trade Overview

Wealthsimple Trade is Canada’s most well-known zero-commission trading platform. It offers:

• $0 fees for stocks and ETFs

• A top-rated mobile app

• Support for fractional shares

• Access to cryptocurrencies

• Optional Plus plan for USD accounts

Ideal for: Beginners who want a clean mobile interface and are mostly buying Canadian or US ETFs and stocks.

👉 Read our full Wealthsimple Review

Fee Comparison

Fee Type	Qtrade	Wealthsimple
Stock Trade	$8.75 (or $6.95 Investor Plus)	$0
ETF Trade	100+ ETFs commission-free	All ETFs commission-free
Options	$8.75 + $1.25/contract	Not supported
Robo-Advisor	0.35% (Guided Portfolios)	0.50% (0.40% over $100k)
Account Fees	$25/quarter (waived with $25K, trades)	None
FX Conversion	$15–25 quarterly USD account fee	1.5% FX (waived with Plus account)

💡 Wealthsimple wins on trading fees. Qtrade offers more depth and better robo pricing for large accounts.

Account Types

Account Type	Qtrade	Wealthsimple
TFSA	✅	✅
RRSP / Spousal RRSP	✅	✅
RESP	✅	❌
RRIF / LIF / LIRA	✅	❌
Non-Registered	✅	✅
Joint / Corporate	✅	❌

✅ Qtrade supports more advanced and long-term account types.

Research Tools & Platform Features

Tool/Feature	Qtrade	Wealthsimple Trade
Stock & ETF Screeners	✅ Advanced tools	❌ None
Analyst Ratings	✅ Yes	❌ No
Portfolio Tracking & Score	✅ Yes	✅ Basic view only
Fractional Shares	❌ No	✅ Yes
Crypto Trading	❌ No	✅ Yes
Desktop Platform	✅ Robust	✅ Web-based

✅ Qtrade excels in research and portfolio tools
✅ Wealthsimple leads in ease of use and modern app features

Promotions Compare

Qtrade:

• ✅ Up to $150 bonus when opening and funding up to 3 accounts

• 🏷️ Promo Code: OFFER2025

• 📅 Valid until Oct 31, [currentyear]

• 👉 Get the Qtrade promo here

Wealthsimple:

• ✅ $25–$50 cash bonus when signing up and depositing at least $150

• 💡 Usually automatically applied via referral links

Who Should Choose Qtrade?

✅ You want access to RESP, RRIF, or more complex accounts
✅ You care about deep research tools and ETF analysis
✅ You’re an active investor or want portfolio performance tracking
✅ You value live support and legacy platform reliability
✅ You want access to Qtrade Guided Portfolios at 0.35% fees

Who Should Choose Wealthsimple?

✅ You want zero commissions and no platform fees
✅ You prefer a mobile-first experience
✅ You’re investing small amounts (no minimums)
✅ You want access to crypto and fractional shares
✅ You’re a beginner and want simplicity over features

Frequently Asked Questions

Is Qtrade better than Wealthsimple?

It depends. Qtrade is better for advanced investors, complex accounts, and ETF tools. Wealthsimple is better for beginners and zero-commission users.

Which platform is cheaper?

Wealthsimple has $0 trades, but Qtrade offers better tools and value for high-volume or high-balance users.

Can I use both Qtrade and Wealthsimple?

Absolutely — many investors use Wealthsimple for simplicity and Qtrade for deeper research or account types.

Does Qtrade offer a sign-up bonus?

Yes — up to $150 with promo code OFFER2025, valid until Oct 31, [currentyear]
👉 Claim the bonus here

Final Verdict: Qtrade vs Wealthsimple

Choose Qtrade if you want a robust, well-rounded investing experience with in-depth tools and account flexibility.

Choose Wealthsimple if you want a simple, mobile-based experience with zero commissions and no fees.

Both are excellent platforms — it comes down to what kind of investor you are.

👉 Open a Qtrade Account – Get $50–$150 Bonus
👉 Open a Wealthsimple Trade Account – Get $25 Bonus