Wealthsimple
XTB
VS
Higher Rated
XTB
Capital at risk · T&Cs apply
In this comparison of Wealthsimple and XTB, we explore the distinct offerings of two brokers catering to different trader profiles. Wealthsimple, with a rating of 3.2/5, is ideal for Canadian investors seeking commission-free trading in stocks and ETFs, along with the benefits of registered accounts like TFSA and RRSP. In contrast, XTB, rated 3.81/5, appeals to traders interested in a broader market range, including forex and CFDs, supported by the robust xStation platform and high leverage options. While Wealthsimple shines in the Canadian market with its user-friendly approach, XTB stands out for international traders seeking diversified trading opportunities without a minimum deposit requirement.
Wealthsimple
XTB
| Wealthsimple | XTB | |
|---|---|---|
| BrokerRank Score | 3.2/5 | 3.8/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.1 pips |
| Max Leverage | 1:1 | 1:500 ✓ |
| Regulation | SEC | FCA, CySEC ✓ |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile, MT4 |
XTB is the better choice overall, scoring 3.8/5 vs 3.2/5 on BrokerRank's independent rating. On fees, Wealthsimple offers lower spreads (0 pips).
See full side-by-side comparison belowWealthsimple
XTB
WinnerWealthsimple
Lower feesXTB
Wealthsimple
3.2/5
Choose Wealthsimple if you want…
XTB
3.8/5
Choose XTB if you want…
XTB scores higher overall on our independent rating system. Wealthsimple holds a 3.2/5 rating vs XTB's 3.8/5. 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 XTB starts at 0.1 pips. Check the fees section above for a full breakdown.
Wealthsimple requires a minimum deposit of $0. XTB requires $0.
Wealthsimple is regulated by SEC, while XTB holds licences from FCA, CySEC.
Wealthsimple supports Proprietary Web, Proprietary Mobile. XTB supports Proprietary Web, Proprietary Mobile, MT4.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across 345 brokers
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.