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Built for final-shortlist moments: select brokers, scan the trade-offs, then open the profile for deeper source notes.
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The comparison reads the same evidence fields used by broker profiles, so users can scan scores, regulation, costs, platforms, withdrawals, and caveats side by side.
Broker 1
Broker 2
| VS field |  |  |
|---|---|---|
Decision summary | ||
| Overall score | 84 | 91 |
| Trust score | 88 | 100 |
| Cost score | 86 | 92 |
| Platform score | 94 | 92 |
| Withdrawal score | 89 | 89 |
| Best for | Canadian residents wanting a simple app/web broker for stocks, ETFs, crypto and cash · Investors who value $0 stock/ETF commissions and integrated managed portfolios · Clients eli… | European self-directed investors seeking low-cost access to stocks and ETFs · Investors who prefer web/mobile platforms and exchange-traded products |
| Watch out | Needs verification | Needs verification |
Trust & regulation | ||
| Regulators | WSII is a CIRO member investment dealer; WSP is FINTRAC registered and registered with the Bank of Canada as a payment service provider; crypto relief/registration is under Canadian securities regulators. Source | Primarily supervised by BaFin and Bundesbank in Germany; Dutch branch registered with DNB and supervised by AFM and DNB. Source |
| License numbers | No numeric license/registration number was disclosed on the reviewed official Wealthsimple legal/help pages; WSII registration and CIRO membership are disclosed. Source | Financial licence number not disclosed in reviewed official sources. Commercial registrations found: flatexDEGIRO Bank SE HRB 141330 on flatexDEGIRO Bank SE imprint; DEGIRO UK footer states HRB 105687; Dutch Branch KvK 82510245. Source |
| Regulated entities | Wealthsimple brand includes Wealthsimple Investments Inc. (WSII), Wealthsimple Payments Inc. (WSP), and Wealthsimple Asset Management Inc. (WAMI). Source | DEGIRO is operated by flatexDEGIRO Bank Dutch Branch, a branch of flatexDEGIRO Bank SE; flatexDEGIRO Bank SE is a licensed German bank headquartered in Frankfurt am Main. Source |
| Negative balance protection | No explicit negative balance protection policy found in reviewed official sources; futures and margin products can involve margin calls/losses beyond simple cash investment risk. Source | No negative balance protection found. Official account-profile page warns losses can exceed deposit and result in a negative Balance for derivatives, margin and short-selling services; margin profiles are legacy-only. Source |
| Investor compensation | CIPF applies to eligible WSII investment accounts within limits; CDIC trust coverage up to CAD 1,000,000 for eligible chequing deposits; crypto assets themselves are not protected by CIPF/CDIC. Source | Cash in flatexDEGIRO Bank SE Cash Account protected up to €100,000 per customer under German Deposit Guarantee Scheme; investor compensation covers up to 90% of non-returned assets, max €20,000 per customer; UK FSCS does not apply. Source |
| Restricted countries | Users must live in Canada; Wealthsimple is not licensed to hold accounts for individuals living outside Canada, including Canadian citizens abroad. Source | Available via listed country selector in Europe/UK; US persons are not accepted; UK onboarding for new clients was temporarily unavailable on the reviewed UK page. Source |
Costs & account conditions | ||
| Minimum deposit | No general account minimum; investing can start with $1 for eligible fractional ETFs/stocks; private market fund as little as $10,000. Source | No fixed minimum deposit identified; DEGIRO homepage says users can add any amount of money to the account for free. Bank-account verification search result states minimum EUR 0.01 for linking a new bank account. Source |
| Spread from | Not disclosed as a securities spread; Wealthsimple discloses FX conversion fees/corporate exchange-rate spread and crypto trading fees instead. Source | Not a quoted-spread CFD/FX broker field. DEGIRO discloses that bid-ask spreads are implicit market costs and not direct broker costs. Source |
| Commission | Commission-free stocks/ETFs; product-specific fees apply for FX, crypto, futures, precious metals, some index options and special services. Source | Examples from UK fee page: US stocks €1 + €1 handling; LSE £1.75 + £1 handling; selected ETFs €0 + €1 handling; global ETFs €2 + €1 handling; options €0.75 commission. Currency, connectivity, external product and spread costs may apply. Source |
| Maximum leverage | Maximum leverage ratio is not disclosed in a simple maximum-leverage table; Wealthsimple offers margin with rates as low as 3.95%, and futures margin/leverage depends on exchange requirements and product. Source | DEGIRO currently does not allow new changes to margin-trading profiles; legacy Active/Trader/Day Trader accounts may have Debit Money / derivatives risk but maximum leverage was not disclosed in reviewed sources. Source |
| Deposit fee | Bank transfer/EFT deposits are $0 according to the trade fee schedule. Source | No deposit fee disclosed on UK fee page and homepage; deposits listed as FEE €0 / no deposit-withdrawal fees. Source |
| Withdrawal fee | Standard EFT withdrawals are free; instant withdrawals cost 2.5%; wires/network fees may apply. Source | No withdrawal fee disclosed on UK fee page and homepage; withdrawals listed as FEE €0 / no deposit-withdrawal fees. Source |
| Inactivity fee | Inactive account fee is $0. Source | No inactivity fee; UK fee page lists inactivity fee as €0. Source |
Markets, platforms & payments | ||
| Tradable assets | Wealthsimple supports stocks, ETFs, options, futures, crypto, precious metals/gold, managed portfolios and cash products. Source | Shares, ETFs, bonds and derivatives such as options and futures; DEGIRO product pages also describe investment funds availability. Source |
| Trading platforms | Clients can place orders through Wealthsimple mobile application, website, or trading desk; platform is app/web based rather than MT4/MT5. Source | DEGIRO provides a web/desktop trading platform (Webtrader) and mobile apps for iOS and Android. Source |
| Account types | Registered and non-registered accounts, managed/trading/crypto/cash account types are offered, with availability varying by product. Source | DEGIRO account/profile types include Basic, Active, Trader, Day Trader and Custody. Active, Trader and Day Trader are legacy-only and new margin profiles are no longer available. Source |
| Deposit methods | Multiple funding methods are supported, with availability varying by account type. Source | Manual bank transfer from a verified linked/reference bank account; deposits must use the account base currency. Source |
| Withdrawal methods | Withdrawals can be made to linked bank accounts; instant debit-card withdrawals are available for eligible cards; chequing also supports cheques/bank drafts/wires where applicable. Source | Withdrawals go back to the primary registered/linked bank account; only uninvested cash in the Cash Account can be withdrawn. Source |
| Withdrawal processing time | Standard withdrawals are generally 1-3 business days for trade/crypto/cash accounts and 4-6 business days for managed accounts. Source | Withdrawals may take up to 2-4 working days; transfers can take up to 2-3 working days to complete. Source |
BrokerVS provides broker comparison research only. Scores and evidence can vary by country, account type, and legal entity; users should verify source links before opening an account.