Wealthsimple
Rakuten Trade
VS
Higher Rated
Wealthsimple
Capital at risk · T&Cs apply
Compare Wealthsimple and Rakuten Trade side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Wealthsimple
Rakuten Trade
| Wealthsimple | Rakuten Trade | |
|---|---|---|
| BrokerRank Score | 3.2/5 ✓ | 2.9/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:1 | 1:5 ✓ |
| Regulation | SEC | SC |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
Wealthsimple is the better choice overall, scoring 3.2/5 vs 2.9/5 on BrokerRank's independent rating. On fees, Wealthsimple offers lower spreads (0 pips).
See full side-by-side comparison belowWealthsimple
WinnerRakuten Trade
Wealthsimple
Lower feesRakuten Trade
Wealthsimple scores 3.20/5 while Rakuten Trade scores 2.93/5 in our independent rating.
Wealthsimple edges ahead overall, but Rakuten Trade may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.
Wealthsimple
3.2/5
Choose Wealthsimple if you want…
Rakuten Trade
2.9/5
Choose Rakuten Trade if you want…
Wealthsimple scores higher overall on our independent rating system. Wealthsimple holds a 3.2/5 rating vs Rakuten Trade's 2.9/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Wealthsimple offers spreads from 0 pips, while Rakuten Trade starts at 0 pips. Check the fees section above for a full breakdown.
Wealthsimple requires a minimum deposit of $0. Rakuten Trade requires $0.
Wealthsimple is regulated by SEC, while Rakuten Trade holds licences from SC.
Wealthsimple supports Proprietary Web, Proprietary Mobile. Rakuten Trade 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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76% of Brokers Use Proprietary Platforms
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.