Rakuten Securities vs Wealthsimple 2026: Which Broker is Better?
Choosing between Rakuten Securities and Wealthsimple depends on your trading style, preferred markets, and budget. Rakuten Securities is headquartered in Tokyo, Japan, while Wealthsimple operates from Toronto, Canada. Rakuten Securities has the longer track record, established in 1999, 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.
Rakuten Securities
Wealthsimple
| Rakuten Securities | Wealthsimple | |
|---|---|---|
| BrokerRank Score | 3.5/5 ✓ | 3.2/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:3 ✓ | 1:1 |
| Regulation | FSA | CIRO |
| Platforms | Proprietary Web, Proprietary Mobile, MarketSpeed II | Proprietary Web, Proprietary Mobile |
Rakuten Securities is the better choice overall, scoring 3.5/5 vs 3.2/5 on BrokerRank's independent rating. On fees, Rakuten Securities offers lower spreads (0 pips).
See full side-by-side comparison belowRakuten Securities vs Wealthsimple: Key Differences
Rakuten Securities
Wealthsimple
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Fees Comparison
Rakuten Securities
Wealthsimple
Regulation & Trust
Rakuten Securities holds licences from FSA. Wealthsimple is regulated by SEC.
Markets & Assets
Both brokers offer access to Stocks, Crypto markets. Rakuten Securities additionally covers Etf, Forex, Indices.
Trading Platforms
Rakuten Securities supports Proprietary Web, Proprietary Mobile, MarketSpeed II. Wealthsimple offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
Rakuten Securities requires no minimum deposit, while Wealthsimple sets no minimum deposit. This makes Rakuten Securities accessible to traders with any budget.
Overall Ratings
BrokerRank scores Rakuten Securities at 3.42/5 and Wealthsimple at 3.20/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Rakuten Securities leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
Rakuten Securities
3.5/5
Choose Rakuten Securities if you want…
- Higher overall rating (3.5/5)
- Higher leverage (up to 1:3)
- More market types (5)
- More established (est. 1999)
Wealthsimple
3.2/5
Choose Wealthsimple if you want…
Similar strengths to Rakuten Securities — compare below.
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 Rakuten Securities & Wealthsimple are available in
Frequently Asked Questions
1Is Rakuten Securities better than Wealthsimple?
Rakuten Securities scores higher overall on our independent rating system. Rakuten Securities holds a 3.5/5 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, Rakuten Securities or Wealthsimple?
Rakuten Securities 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 Rakuten Securities vs Wealthsimple?
Rakuten Securities requires a minimum deposit of $0. Wealthsimple requires $0.
4Which broker is safer, Rakuten Securities or Wealthsimple?
Rakuten Securities is regulated by FSA, while Wealthsimple holds licences from CIRO.
5What trading platforms do Rakuten Securities and Wealthsimple support?
Rakuten Securities supports Proprietary Web, Proprietary Mobile, MarketSpeed II. Wealthsimple supports Proprietary Web, Proprietary Mobile.
6Can I use both Rakuten Securities 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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