Fidelity
Wealthsimple
VS
Higher Rated
Fidelity
Capital at risk · T&Cs apply
In the realm of online brokerage, Fidelity and Wealthsimple cater to distinct types of traders with varying priorities. Fidelity, with a robust rating of 3.58/5 and over 75 years in the industry, is best suited for experienced traders seeking comprehensive market analysis and zero-commission trading on US stocks and ETFs. In contrast, Wealthsimple, rated 3.2/5, is ideal for Canadian investors looking for a user-friendly platform with features like commission-free trading, crypto access, and managed portfolios. While Fidelity offers a broad array of investment options and is renowned for its research capabilities, Wealthsimple appeals to beginners and those seeking a straightforward investing experience with its integrated crypto trading and tax-efficient accounts.
Fidelity
Wealthsimple
| Fidelity | Wealthsimple | |
|---|---|---|
| BrokerRank Score | 3.6/5 ✓ | 3.2/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:2 ✓ | 1:1 |
| Regulation | SEC, CFTC ✓ | SEC |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
Fidelity is the better choice overall, scoring 3.6/5 vs 3.2/5 on BrokerRank's independent rating. On fees, Fidelity offers lower spreads (0 pips).
See full side-by-side comparison belowFidelity
WinnerWealthsimple
Fidelity
Wealthsimple
Fidelity
3.6/5
Choose Fidelity if you want…
Wealthsimple
3.2/5
Choose Wealthsimple if you want…
Similar strengths to Fidelity — compare below.
Fidelity scores higher overall on our independent rating system. Fidelity 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.
Fidelity offers spreads from 0 pips, while Wealthsimple starts at 0 pips. Check the fees section above for a full breakdown.
Fidelity requires a minimum deposit of $0. Wealthsimple requires $0.
Fidelity is regulated by SEC, CFTC, while Wealthsimple holds licences from SEC.
Fidelity 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.