E*TRADE
Wealthsimple
VS
Higher Rated
E*TRADE
Capital at risk · T&Cs apply
Choosing between E*TRADE and Wealthsimple depends on your trading style, preferred markets, and budget. E*TRADE is headquartered in Arlington, USA, while Wealthsimple operates from Toronto, Canada. E*TRADE has the longer track record, established in 1982, compared to Wealthsimple which was founded in 2014. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
E*TRADE
Wealthsimple
E*TRADE is the better choice overall, scoring 3.6/5 vs 3.2/5 on BrokerRank's independent rating. On fees, E*TRADE offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
E*TRADE
3.6 vs 3.2
Lowest Fees
Tied
0 vs 0 pips
Regulation
E*TRADE
2 vs 1 licences
Min. Deposit
Tied
$0 vs $0
E*TRADE
WinnerWealthsimple
E*TRADE
Wealthsimple
E*TRADE holds licences from SEC, CFTC. Wealthsimple is regulated by SEC.
Both brokers offer access to Stocks markets. E*TRADE additionally covers Indices, Commodities. Wealthsimple adds Crypto.
E*TRADE supports Proprietary Web, Proprietary Mobile. Wealthsimple offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
E*TRADE requires no minimum deposit, while Wealthsimple sets no minimum deposit. This makes E*TRADE accessible to traders with any budget.
BrokerRank scores E*TRADE at 3.60/5 and Wealthsimple at 3.20/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. E*TRADE leads overall with a clear advantage.
E*TRADE scores higher overall on our independent rating system. E*TRADE holds a 3.6/5 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.
E*TRADE offers spreads from 0 pips, while Wealthsimple starts at 0 pips. Check the fees section above for a full breakdown.
E*TRADE requires a minimum deposit of $0. Wealthsimple requires $0.
E*TRADE is regulated by SEC, CFTC, while Wealthsimple holds licences from SEC.
E*TRADE supports 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.