Forex.com
Wealthsimple
VS
Higher Rated
Forex.com
Capital at risk · T&Cs apply
In the comparison of Forex.com and Wealthsimple, the key difference lies in their market offerings and target clientele. Forex.com, with a rating of 4.4/5, is ideal for traders interested in a wide range of markets including forex, CFDs, and commodities, and appeals to those who require high leverage and advanced platforms like MT4 and MT5. Conversely, Wealthsimple, rated 3.2/5, caters primarily to Canadian investors seeking commission-free stock and ETF trading, with additional benefits such as TFSA and RRSP accounts. While Forex.com is suited for experienced traders requiring diverse market access and detailed research, Wealthsimple is perfect for beginners and passive investors interested in simple, commission-free investment options within Canada.
Forex.com
Wealthsimple
| Forex.com | Wealthsimple | |
|---|---|---|
| BrokerRank Score | 4.4/5 ✓ | 3.2/5 |
| Min. Deposit | $100 | $0 ✓ |
| Spread from | 0.8 pips | 0 pips ✓ |
| Max Leverage | 1:200 ✓ | 1:1 |
| Regulation | FCA, CFTC, ASIC ✓ | SEC |
| Platforms | MT4, MT5, Proprietary Web | Proprietary Web, Proprietary Mobile |
Forex.com is the better choice overall, scoring 4.4/5 vs 3.2/5 on BrokerRank's independent rating. On fees, Wealthsimple offers lower spreads (0 pips).
See full side-by-side comparison belowForex.com
Wealthsimple
Forex.com
Wealthsimple
Lower fees
Forex.com
4.4/5
Choose Forex.com if you want…
Wealthsimple
3.2/5
Choose Wealthsimple if you want…
Forex.com scores higher overall on our independent rating system. Forex.com holds a 4.4/5 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.
Forex.com offers spreads from 0.8 pips, while Wealthsimple starts at 0 pips. Check the fees section above for a full breakdown.
Forex.com requires a minimum deposit of $100. Wealthsimple requires $0.
Forex.com is regulated by FCA, CFTC, ASIC, MAS, while Wealthsimple holds licences from SEC.
Forex.com supports MT4, 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.