Plus500 vs Wealthsimple 2026: Which Broker is Better?
In this broker comparison, we explore the distinct offerings of Plus500 and Wealthsimple, two platforms catering to different trader profiles. Plus500, with its comprehensive range of CFDs, appeals to traders interested in speculative trading across various markets, such as forex, stocks, and commodities, and is supported by robust regulatory oversight in multiple jurisdictions. In contrast, Wealthsimple is geared towards investors seeking a straightforward, commission-free trading experience primarily in stocks and ETFs, with a focus on the Canadian market, offering additional benefits like managed portfolios and tax-efficient accounts. This comparison will help you determine which platform aligns best with your trading or investment goals.
Plus500
Wealthsimple
80% of retail CFD accounts lose money.
Plus500 offers CFDs only — CFDs on forex, indices, stocks, commodities & crypto. You trade on price movements and do not own the underlying assets. Maximum leverage up to 1:30 for retail clients; additional fees may apply.
| Plus500 | Wealthsimple | |
|---|---|---|
| BrokerRank Score | 4.0/5 ✓ | 3.2/5 |
| Min. Deposit | $100 | $0 ✓ |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:30 ✓ | 1:1 |
| Regulation | FCA, CySEC, ASIC ✓ | CIRO |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
Plus500 is the better choice overall, scoring 4.0/5 vs 3.2/5 on BrokerRank's independent rating. On fees, Wealthsimple offers lower spreads (0 pips).
See full side-by-side comparison belowPlus500 vs Wealthsimple: Key Differences
Plus500
Wealthsimple
Fees Comparison
Plus500
Wealthsimple
Lower feesBrokerRank Verdict
Who Should Choose Which?
Plus500
4.0/5
Choose Plus500 if you want…
- Higher overall rating (4.0/5)
- Higher leverage (up to 1:30)
- More regulatory licences (4)
- More market types (6)
Wealthsimple
3.2/5
Choose Wealthsimple if you want…
- Tighter spreads (from 0 pips)
- No minimum deposit
Also consider
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Both Plus500 & Wealthsimple are available in
Frequently Asked Questions
1Is Plus500 better than Wealthsimple?
Plus500 scores higher overall on our independent rating system. Plus500 holds a 4.0/5 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, Plus500 or Wealthsimple?
Plus500 offers spreads from 0.6 pips, while Wealthsimple starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Plus500 vs Wealthsimple?
Plus500 requires a minimum deposit of $100. Wealthsimple requires $0.
4Which broker is safer, Plus500 or Wealthsimple?
Plus500 is regulated by FCA, CySEC, ASIC, MAS, while Wealthsimple holds licences from CIRO.
5What trading platforms do Plus500 and Wealthsimple support?
Plus500 supports Proprietary Web, Proprietary Mobile. Wealthsimple supports Proprietary Web, Proprietary Mobile.
6Can I use both Plus500 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.
Higher Rated
Plus500
80% of retail CFD accounts lose money.