Deriv
Wealthsimple
VS
Higher Rated
Deriv
Capital at risk · T&Cs apply
In this comparison of Deriv and Wealthsimple, we explore the distinct offerings and target audiences of these two brokers. Deriv, with a rating of 3.77/5, is well-suited for experienced traders seeking a diverse range of markets, including forex, CFDs, and cryptocurrencies. It appeals to those who value high leverage options and unique products like multipliers and accumulators. Conversely, Wealthsimple, rated 3.2/5, caters primarily to Canadian investors looking for a straightforward, commission-free trading experience in stocks and ETFs, with additional benefits like TFSA and RRSP accounts.
Deriv
Wealthsimple
| Deriv | Wealthsimple | |
|---|---|---|
| BrokerRank Score | 3.8/5 ✓ | 3.2/5 |
| Min. Deposit | $5 | $0 ✓ |
| Spread from | 0.5 pips | 0 pips ✓ |
| Max Leverage | 1:1000 ✓ | 1:1 |
| Regulation | FCA, MAS ✓ | SEC |
| Platforms | MT5, Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
Deriv is the better choice overall, scoring 3.8/5 vs 3.2/5 on BrokerRank's independent rating. On fees, Wealthsimple offers lower spreads (0 pips).
See full side-by-side comparison belowDeriv
Wealthsimple
Deriv
Wealthsimple
Lower fees
Deriv
3.8/5
Choose Deriv if you want…
Wealthsimple
3.2/5
Choose Wealthsimple if you want…
Deriv scores higher overall on our independent rating system. Deriv holds a 3.8/5 rating vs Wealthsimple's 3.2/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Deriv offers spreads from 0.5 pips, while Wealthsimple starts at 0 pips. Check the fees section above for a full breakdown.
Deriv requires a minimum deposit of $5. Wealthsimple requires $0.
Deriv is regulated by FCA, MAS, while Wealthsimple holds licences from SEC.
Deriv supports MT5, Proprietary Web, Proprietary Mobile. Wealthsimple supports Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.