FxPro
Wealthsimple
VS
Higher Rated
FxPro
Capital at risk · T&Cs apply
In this broker comparison, we examine FxPro and Wealthsimple, two platforms catering to distinct types of traders. FxPro, headquartered in London and regulated by the FCA, appeals to experienced traders seeking a broad range of markets, including forex and CFDs, with the advantage of high leverage up to 1:500. In contrast, Wealthsimple, based in Toronto and regulated by the SEC, is ideal for Canadian investors focused on commission-free stock and ETF trading, offering a user-friendly experience with its proprietary platforms. The key difference lies in their market offerings and geographical focus, with FxPro offering global trading opportunities, while Wealthsimple is tailored for the Canadian and US markets.
FxPro
Wealthsimple
| FxPro | Wealthsimple | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 3.2/5 |
| Min. Deposit | $100 | $0 ✓ |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:500 ✓ | 1:1 |
| Regulation | FCA, CySEC, ASIC ✓ | SEC |
| Platforms | MT4, MT5, Proprietary Web | Proprietary Web, Proprietary Mobile |
FxPro is the better choice overall, scoring 4.1/5 vs 3.2/5 on BrokerRank's independent rating. On fees, Wealthsimple offers lower spreads (0 pips).
See full side-by-side comparison belowFxPro
Wealthsimple
FxPro
Wealthsimple
Lower fees
FxPro
4.1/5
Choose FxPro if you want…
Wealthsimple
3.2/5
Choose Wealthsimple if you want…
FxPro scores higher overall on our independent rating system. FxPro holds a 4.1/5 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.
FxPro offers spreads from 0.6 pips, while Wealthsimple starts at 0 pips. Check the fees section above for a full breakdown.
FxPro requires a minimum deposit of $100. Wealthsimple requires $0.
FxPro is regulated by FCA, CySEC, ASIC, while Wealthsimple holds licences from SEC.
FxPro 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.