GO Markets vs Wealthsimple 2026: Which Broker is Better?
Choosing between GO Markets and Wealthsimple depends on your trading style, preferred markets, and budget. GO Markets is headquartered in Melbourne, Australia, while Wealthsimple operates from Toronto, Canada. GO Markets has the longer track record, established in 2006, 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.
GO Markets
Wealthsimple
| GO Markets | Wealthsimple | |
|---|---|---|
| BrokerRank Score | 3.3/5 ✓ | 3.2/5 |
| Min. Deposit | $200 | $0 ✓ |
| Spread from | 0.1 pips | 0 pips ✓ |
| Max Leverage | 1:500 ✓ | 1:1 |
| Regulation | ASIC, CySEC ✓ | CIRO |
| Platforms | MT4, MT5 | Proprietary Web, Proprietary Mobile |
GO Markets is the better choice overall, scoring 3.3/5 vs 3.2/5 on BrokerRank's independent rating. On fees, Wealthsimple offers lower spreads (0 pips).
See full side-by-side comparison belowGO Markets vs Wealthsimple: Key Differences
GO Markets
Wealthsimple
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Fees Comparison
GO Markets
Wealthsimple
Lower feesRegulation & Trust
GO Markets holds licences from ASIC, CySEC. Wealthsimple is regulated by SEC.
Markets & Assets
Both brokers offer access to Crypto markets. GO Markets additionally covers Forex, Cfd, Indices, Commodities. Wealthsimple adds Stocks.
Fees & Spreads
On spreads, Wealthsimple is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.1 pips at GO Markets.
Trading Platforms
GO Markets supports MT4, MT5. Wealthsimple offers Proprietary Web, Proprietary Mobile.
Minimum Deposit
GO Markets requires a minimum deposit of $200, while Wealthsimple sets no minimum deposit. This makes Wealthsimple accessible to traders with any budget.
Overall Ratings
BrokerRank scores GO Markets at 3.33/5 and Wealthsimple at 3.20/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. GO Markets leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
GO Markets
3.3/5
Choose GO Markets if you want…
- Higher overall rating (3.3/5)
- Higher leverage (up to 1:500)
- More regulatory licences (2)
- More market types (5)
Wealthsimple
3.2/5
Choose Wealthsimple if you want…
- Tighter spreads (from 0 pips)
- No per-trade commission
- No minimum deposit
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both GO Markets & Wealthsimple are available in
Frequently Asked Questions
1Is GO Markets better than Wealthsimple?
GO Markets scores higher overall on our independent rating system. GO Markets holds a 3.3/5 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.
2Which has lower fees, GO Markets or Wealthsimple?
GO Markets offers spreads from 0.1 pips, while Wealthsimple starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for GO Markets vs Wealthsimple?
GO Markets requires a minimum deposit of $200. Wealthsimple requires $0.
4Which broker is safer, GO Markets or Wealthsimple?
GO Markets is regulated by ASIC, CySEC, while Wealthsimple holds licences from CIRO.
5What trading platforms do GO Markets and Wealthsimple support?
GO Markets supports MT4, MT5. Wealthsimple supports Proprietary Web, Proprietary Mobile.
6Can I use both GO Markets and Wealthsimple?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
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