IC Markets vs Wealthsimple 2026: Which Broker is Better?
In comparing IC Markets and Wealthsimple, the key distinction lies in their target clientele and market offerings. IC Markets, with its ultra-low spreads and wide range of tradable assets including forex, CFDs, and cryptocurrencies, appeals to experienced traders seeking high leverage and fast execution. In contrast, Wealthsimple is tailored for Canadian investors interested in commission-free stock and ETF trading, offering a user-friendly platform with additional benefits like TFSA and RRSP accounts. While IC Markets is ideal for active traders requiring advanced platforms like MT4, MT5, and TradingView, Wealthsimple caters to beginners or passive investors focused on long-term wealth management without the complexity of forex or CFD markets.
IC Markets
Wealthsimple
| IC Markets | Wealthsimple | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.2/5 |
| Min. Deposit | $200 | $0 ✓ |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 ✓ | 1:1 |
| Regulation | ASIC, CySEC ✓ | CIRO |
| Platforms | MT4, MT5, TradingView | Proprietary Web, Proprietary Mobile |
IC Markets is the better choice overall, scoring 3.9/5 vs 3.2/5 on BrokerRank's independent rating. On fees, IC Markets offers lower spreads (0 pips).
See full side-by-side comparison belowIC Markets vs Wealthsimple: Key Differences
IC Markets
Wealthsimple
Still deciding between IC Markets and Wealthsimple?
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Fees Comparison
IC Markets
Wealthsimple
Lower feesBrokerRank Verdict
Who Should Choose Which?
IC Markets
3.9/5
Choose IC Markets if you want…
- Higher overall rating (3.9/5)
- Higher leverage (up to 1:500)
- More regulatory licences (2)
- More market types (6)
Wealthsimple
3.2/5
Choose Wealthsimple if you want…
- 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 IC Markets & Wealthsimple are available in
Frequently Asked Questions
1Is IC Markets better than Wealthsimple?
IC Markets scores higher overall on our independent rating system. IC Markets holds a 3.9/5 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, IC Markets or Wealthsimple?
IC Markets offers spreads from 0 pips, while Wealthsimple starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for IC Markets vs Wealthsimple?
IC Markets requires a minimum deposit of $200. Wealthsimple requires $0.
4Which broker is safer, IC Markets or Wealthsimple?
IC Markets is regulated by ASIC, CySEC, while Wealthsimple holds licences from CIRO.
5What trading platforms do IC Markets and Wealthsimple support?
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. Wealthsimple supports Proprietary Web, Proprietary Mobile.
6Can I use both IC Markets and Wealthsimple?
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.
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