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6 comparisons · July 2026

Wealthsimple against
the Canadian banks

Six detailed comparisons, each with its own fee table, a verdict by profile, and a section saying plainly where the other institution wins.

Wealthsimple $0 versus Questrade $4.95–9.95 — ETF sales, per trade
Wealthsimple vs Questrade
Discount brokerage, free ETF buys, margin and options.
Checked July 2026
 Wealthsimple None versus Desjardins $30/qtr — Inactivity fees, non-registered accounts
Wealthsimple vs Desjardins
Disnat at $0, the caisse network and annual patronage dividends.
Checked July 2026
 Wealthsimple $0 versus National Bank $0 — Stock and ETF commission — the gap is gone
Wealthsimple vs National Bank
Direct Brokerage at $0 commission, full-service bank.
Checked July 2026
 Wealthsimple $0 versus TD $9.99 — Commission on stocks, TD Direct Investing
Wealthsimple vs TD
TD Direct Investing and TD Easy Trade against permanent $0.
Checked July 2026
 Wealthsimple $0 versus RBC $9.95 — Commission on stocks, RBC Direct Investing
Wealthsimple vs RBC
Direct Investing, GoSmart and InvestEase under the microscope.
Checked July 2026
 Wealthsimple Yes versus EQ Bank No — Investments in the same account as cash
Wealthsimple vs EQ Bank
High-interest account and cash management head to head.
Checked July 2026
Exclusive Code LOIO3A gets you $35 total: a $25 Wealthsimple bonus, plus $10 by Interac e-Transfer after the claim form. See the offer + form →
What changed

$0 is no longer
an exclusive argument

For years the digital platforms' pitch fit in one line: banks charge $10 a trade, we charge nothing. That's no longer true everywhere. National Bank Direct Brokerage moved to $0 commission, Disnat did the same, and both RBC and TD launched lighter platforms with a set number of free trades.

So the comparison has shifted. What actually separates these offers now is inactivity fees, minimum balances, currency conversion costs, app quality, and the range of products available around the investing itself.

Each of our comparisons takes one competitor at a time and looks at those criteria, including a section that says plainly where the other institution wins.

How to choose

Three questions that settle
most of these decisions

Do you need a branch? If so, no digital platform will do, and the discussion ends before it starts. Desjardins, RBC and TD hold an advantage Wealthsimple can't replicate.

Do you use margin or options? Wealthsimple offers neither. Questrade, NBDB and the bank brokerages cover those needs.

Is your portfolio above $15,000? Below that line, the maintenance fees some bank brokerages charge become the deciding factor. Our fee calculator puts a number on the gap over time.

Exclusive offer · $35 total


Try before
you transfer

Opening an account doesn't force you to close anything else. Code LOIO3A: a $25 bonus after a $100 deposit, plus $10 by Interac e-Transfer after the claim form.

Copy the code and open Wealthsimple →