Wealthsimple vs questrade

Wealthsimple vs questrade. 95 : $0; $10 monthly for USD account: $6. TD Direct Investing – Customer Service. Basics Account Funding Investors who use Questrade can also buy and sell options contracts and get access to margin, which allows you to buy and sell stocks with borrowed cash. I've heard good things about both Questrade and TD Easy Trade vs Questrade. As simple as it may be to rebalance the grandkids RESP's - I am just too damn lazy. Below is a highlight of how Qtrade and Questrade compare with Wealthsimple Trade. That's why I'm looking to switch. While purchases for ETFs are free, expect a fee when you sell them. Like Wealthsimple, Questrade TFSA can be held in a managed or robo-advisor account through Questwealth Transfer RRSP: What to choose? Wealthsimple vs Questrade. What's the Best INVESTING Platform in Canada? Should I Use WEALTHSIMPLE or QUESTRADE? How do I Buy US Stocks? How Much are Currency Conversion Fees? Should I Wealthsimple seems to have legitimate auto ordering directly from an external bank account. 95 to buy and capped at $9. Questrade has been a favorite EQ Bank is the online banking arm of Equitable Bank, a Schedule I bank in Canada. Wealthsimple only has bitcoin and eth. They are two separate entities and not part of the Wealthsimple Trade app. 0035 per share). I understand the concept of diversified investments and finding a good ratio between equity/bonds that matches my acceptable risk. Determining which one stands out as the superior choice is a common quandary. Questrade is free to buy ETFs but may charge ECN fees which is pretty small amount (. Questrade vs CI Direct Trading vs Wealthsimple Trade Questrade - best UI imo. 99-$7. To offset these costs, you may Questrade and wealthsimple are definitely cheaper. Wealthsimple Trade as an online discount broker; Questrade wins due to features. 7% of your portfolio value, depending on the account In deciding between Wealthsimple and Questrade one of the most important things to take into consideration is what types of accounts they offer. Qtrade vs TD Direct Investing: Investing Products. r/CanadianInvestor. All the returns made on non-registered OK I got what you're saying. When it comes to commissions and fees, both Questrade and Wealthsimple are lower than the big banks. I will also compare their features and discuss which platform beats the other in each aspect. Qtrade Review Rachel Cribby Questrade has whatever account you want. Furthermore, any contributions to your account are available immediately up to $3,000. I will also compare their features and discuss which platform beats 3) Questrade is probably going to be around longer than Wealthsimple due to Questrade having a more sustainable business model. What would be Is the general consensus here that a self-directed investment in Questrade or WealthSimple preferred over their Robo-Advisor? Is this simply because Skip to main content. This percentage can be changed whenever I want, but takes a few weeks to take affect. Additionally you get a live price data which is nice, i remember when i had questrade the cost was over $100 a month or you get 15 min delays, although i think wealthsimple has it now. Questrade also provides research and educational tools similar to TD Questrade vs Wealthsimple Trade vs CIBC Investor’s Edge. Discussion is geared towards investment opportunities that Canadians have access to, including questions regarding individual WealthSimple Vs Questrade or anything else . If you buy a US company, they will charge an exchange rate. However, I cannot decide which one is better, the UI/UX of wealthsimple looks amazing and I don't really mind the fee, if its just a fee % differences. However, USD accounts cost $10 monthly, and the app does not offer options for trading, bonds, FX, or a margin account. 2%*–0. ETF buys have $0 trading fees; Excellent market research tools; Most types of registered accounts available; Get $50 Free Trades . Canadians interested in investing and looking at opportunities in the market besides being a potato. Read more. *** This option is available Questrade or QTrade. My next step is trying to automate as much as possible - money from my chequing account at a big bank to VGRO with as little effort as possible. naiveté. 95 and $9. That's why they're "free" (nothing is ever free). Questrade has a better UI on the computer, Wealthsimple apparently has better customer service. 95 Questrade vs. For example, the management fee for both of these robo-advisors is less than 0. RBC Direct Investing comparison covers their product offerings, trading fees, pros, cons, and which is better. Questrade vs CI Direct Trading: Promotions. Wealthsimple vs Interactive Brokers Canada 2024 Skip to content What is Wealthsimple Trade? Established in 2019, Wealthsimple Trade is an online investment platform that allows self-directed investors to take control of their portfolios, slash trading fees, and maximize returns. Here's why. I dont think that Wealthsimple is not for holding. Questrade also offers RESP plans via its self-directed and managed investing platform (Questwealth Portfolios). In addition to several other registered and non-registered accounts, Questrade also offers TFSAs to its customers. One beef is certain ETFs like CASH. 08pips Related Post: Questrade Withdrawal Fees Non-Registered Accounts Tax Implications. Hey folks, My corp has a non-registered robo account with Wealthsimple (valued right now at about $210k). Paying like 11-12$ in fees monthly. The interface has alot of information, can feel a little clunky but again does that really matter? The main difference for me is that wealthsimple has real tokenized 2fa while QT has the fisher price 2fa sms message. r/CanadianInvestor • Canadian Government 10 year yield is over 4%, first time since 2008. I am basically (Norbert's Gambit), and then send the US dollars to WealthSimple. 95 – $9. Moreover, WS Wealthsimple TFSA vs Questrade TFSA. 95 to trade stocks. They offer managed investment services to hands-off investors looking to build wealth in the long term without the hassles of DIY investing or the high fees charged by mutual funds. Robinhood vs. Both Wealthsimple Trade and CIBC Investor’s Edge are regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and are members of the Canadian Investor Protection Fund (CIPF), which Which one is better: Questrade or Wealthsimple? Wealthsimple Trade is better than Questrade for users looking to invest in crypto, ETFs, and stocks in one place. Mutual Funds. It's not hard to use once you get to know your way around a bit. Wealthsimple is a classic battle between two of Canada’s most popular finance tech companies. I am a lurker but decided to post as I am on the fence of whether or not I should leave RBC for Wealthsimple. 3. I only look to swing trade now about 2-4 trades a week maximum. BMO InvestorLine vs WealthSimple/Questrade for ETF investing comments. I am married and we both have jobs. 4% management fees on managed investing accounts . This option is available through Questrade. 5% for money between 0 to 100k. Zero fees for Canadian markets and the UI is incredibly intuitive. If you sign up for Questrade using our affiliate link or Wealthsimple affiliate link, we may earn a commission. I am looking to open both an RRSP and TFSA. I have and account with Wealthsimple in their second most aggressive model, and a self-directed account with Questrade following the CCP model. Most the people complaining about Apples and oranges. Want to become a do-it-yourself investor, save on investment fees, grow your wealth, and reach financial independence? Enroll in this online investing course to learn So I could also pick them myself based on my acceptable risk. View our Questrade vs Wealthsimple TFSA vs Questrade TFSA. 00/contract: Account types: What is the difference between questrade and Questwealth? Questwealth Portfolios is a service provided by Questrade Wealth Management Inc . 20% A HUGE hidden thing for switching to wealthsimple is they currently don't offer USD deposits & you can't do a norbits gambit either. Questrade vs Wealthsimple : notre avis Questrade et Wealthsimple sont des incontournables dans le courtage en ligne, véritable leader dans les services en ligne. The free version is 15 mins delayed but you can use Google or yahoo. What would be the downsides to using IKBR vs Questrade? This section of my Qtrade vs. Not a big deal to you as a long term holder. Questrade: Wealthsimple Trade: CIBC Investor’s Edge: Stock trading fee: 1 cent/share; min $4. And no shorts. Question, from my understanding QuestTrade charges 2. 95 to max of $9. Both companies can be described as either because In this in-depth comparison, we’ll examine Questrade and Wealthsimple across three crucial factors: fees, investment options, and user experience. On the flip side, Questrade has more features than wealthsimple. This means that with as little as $1 you can fund an account on Wealthsimple even though you will need Questrade is also a member of the Canadian Investor Protection Fund (CIPF), so traders should feel safe investing with the broker. Nest Wealth Rachel Cribby July 11, 2024. They exist in more countries than just Canada, and service a customer base that absolutely dwarfs Wealthsimple when it comes to both net worth, and variety. IDK about Wealthsimple, but I've had good experience talking to a real person on Questrade which also doesn't have a buying commission. IBKR I've narrowed things down to robo adviser offerings, specifically Wealthsimple and Justwealth. Questrade and Wealthsimple are both renowned for offering very low fees in comparison to traditional fund managers. The Questrade app has a lot more options and information, but every time you switch apps, you have to go through the log-in process when you come back to the Questrade app. Tangerine Review Craig Sebastiano August 5, 2024. Wealthsimple Trade? Hey everyone, I’m wondering what everyobe’s opinions are with the Wealthsimple Trading platform? I’ve been doing self-directed investing with Questrade for two years now but I hate paying the commission fees on each trade. Wealthsimple trade and Questrade platforms support investment in various products and services. 0. Questrade – Brokerage Investing Account Options Available Apples and oranges. increased functionality and robust market and research tools (leading brokers). Questrade (Questwealth Portfolios) Questrade has been around for a long time. 95 per “sell” Welcome to the official Questrade subreddit. Questrade is another self-directed investment platform that includes more account options than both TD and Wealthsimple. I'm also loving the fact that USD/CAD exchange is cheaper and quicker than Norbert's. It can be very convenient if all the investment products you want to trade are available on one platform, as you can easily manage your portfolio from one place. However, a non-registered account, a TFSA and an RRSP sets you up for the Here are some key differences between Wealthsimple and Questrade: Fees: Wealthsimple charges a management fee of 0. Questrade offers lower fees for stock trades and a more comprehensive range of investment products. There has been a significant increase in Canadians who are interested in investing through discount brokers. While Wealthsimple charges no fees, is very easy to use for begginers and has pretty decent features, Questrade vs Wealthsimple: Which provider is the best fit for me? It’s safe to say that Wealthsimple may be a better fit if you don’t have lots of money to invest right off the bat (since there is no minimum deposit), you are only interested in trading equities, and you value free trades over fancy tools. If I just buy on wealthsimple and eventually transfer to a big bank that allow you to hold USD would it be optimal to just buy US stocks with wealthsimple?? Wealthsimple VS Questrade . ly/theinvestingacademyToday we'll cover a complete comparison between Questrade's Questwe Both Questrade and Wealthsimple Trade offer great stock trading apps. reuters. ). 95 Options: $9. The main attraction for me for Wealthsimple (or other robo-advisors) is that it manages the first $5000 for free and does everything for you. 13% or . We’ll also take a look at their alternative options, Need a quick summary? Here’s what investors need to know about these two trading platforms: Wealthsimple Trade offers zero-commission trading (buy/sell) for both ETFs, stocks, and Wealthsimple vs Questrade: 2022 Comparison If you’re on the fence about whether Questrade or Wealthsimple is the right investment platform for you, this side-by-side comparison will help you make a decision. Wealthsimple vs Questrade Is there any particular reason not to transfer all my holdings from Questrade to Wealthsimple. As of this writing, CI Direct Trading doesn’t seem to offer new account incentives. It is also regulated by the IIROC and investments in the brokerage are covered by the CIPF. Commissions, data, etc. I don't think questrade has crypto. 5%. In addition, there are stock trading and option fees. However, most people I know are using Questrade. I've been doing research on the stock market, investing and such for months and I've been saving a good chunk of money every month to enter into the investing game with enough to be diverse. Below, I compare how these brokerage platforms fare when compared with Wealthsimple Trade. 20%; In addition to this, you also pay ETF fees ranging from 0. They are well known for providing self-directed investors with a platform to self-manage their portfolios at a low fee. I. I am a 22M, looking to invest around $1-3k and invest in autopilot. Recent Posts. It was launched in 2009 by its parent company, Wealthsimple, a top wealth management firm in Canada with over $30 billion in assets under management and over 2 million customers using its investment products and tax services. 5% for buy and 1. RBC InvestEase vs. Open menu Open navigation Go to Reddit Home. Last Updated: Apr 13th, 2021 12:03 am; Tags: wealthsimple; advisor; questrade; SCORE. I haven't tracked my numbers too carefully over the same time period but have liked both WS and Q. I would definitely recommend questrade over WS. Questrade vs. Questrade is another Canadian that provides low-cost, full brokerage services. They front run your orders and scalp a profit off each trade. 11% respectively. Interactive Brokers: Which is better for day trading? Wealthsimple vs. Wealthsimple Trade: RBC Direct Investing: Questrade: Stock trading fees: Free to buy and sell: $6. Expand user menu Open settings menu. Wealthsimple is a Canadian investing platform. I've been with Questrade for 2+ years. Wealthsimple is the most popular robo-advisor in Canada. Wealthsimple Save: This is its high-interest savings account. Questrade is good for US equities since you can hold US dollars and also do Norberts Gambit to convert your money from CAD to US and vice versa for cheap. Wealthsimple vs Fidelity Welcome to the official Questrade subreddit. I hardly use Questrade’s app anymore because of When it comes to fees, comparing Wealthsimple vs. . I get the same pop up when I try to start from the beginning and connect my But even without that, I can tell you Questrade is better. Questrade vs Wealthsimple Trade With Wealthsimple Trade, you can commission-free buy and sell thousands of stocks and ETFs in Canada and the United States. Wealthsimple comparison covers their products, pros, cons, & more. TD Direct Investing: Which is better for beginners? Wealthsimple vs. r/PersonalFinanceCanada A chip A close button. Questrade for my TFSA/RRSP, WealthSimple for a Non registered, TD for my RDSP and Interactive Brokers for their margin account. 5% unless you have For self-directed, the applicable trading fees are: Stocks: 1 cents/ share; minimum of $4. $500,000 in assets. It’s designed to be relatively idiotproof, but it has a lot of limitations. Questwealth, which is Questrade's managed portfolio service, needs to be compared with Wealthsimple Invest. That said, you can withdraw your RRSP funds tax-free to pay for Wealthsimple vs Questrade for RRSP, TFSA I'm sure this has been posted here many times before but I'm trying to decide which platform to use. We’ve come to the end of this Wealthsimple Trade vs Questrade comparison. If you're going with a brokerage and buying ETFs I would suggest Questrade, as they automate all handling of government grants. Since Questrade opened their FHSA, I figured I’d open it with them to test out WS competition. r/PersonalFinanceCanada. Qtrade Review Rachel Cribby It's all I'll be buying. My personal and registered accounts are with Questrade, but I opened a Wealthsimple account as rather than quarterly or annual contributions the corp account was going to have weekly contributions and I was merely too lazy to do all the rebalancing and work. Poll: RESP provider. Good for US stock purchases only if you're buy hold long term. 4. Compared with Wealthsimple, it offers a much larger selection of securities, including bonds, options, mutual funds and IPOs. WealthSimple vs. It reduces the fees to 0. This Simplii vs. I can only contribute by taking a percentage off my paycheck. The WealthSimple app is clean, simple and easy to use. I'm talking about wealthsimple because they have the 0. Wealthsimple Robo Advisor 5 45% Questrade (VGRO, XGRO etc) 5 45% Other (Please leave a comments) 1 9% Wealthsimple vs. All of this assumes a managed portfolio in a taxable account containing solely US-listed securities. This seems like what Wealthsimple does, but Manulife MER's seem less. All securities are beneficially held under your name, which means you could choose to keep your money with Wealthsimple Investments Inc. I really like the RBC platform as it is easy to use but its $10 per trade. Advantage: Both offer low-maintenance, automated investment services, but Wealthsimple probably wins because you can start with a smaller amount like $500 vs Questrade’s $1,000 buy-in. Questrade offers $50 in free trades if you open an account and invest at least $1,000. In this article, we’ll break Questrade is a good choice for investors who have expert level investment knowledge and have needs not met by Wealthsimple Trade. -Options In this comparative analysis, Wealth Rocket hopes that our Wealthsimple vs Questrade 2022 review will help you choose which of these Compare the features, fees, and benefits of Wealthsimple Invest and Questwealth, two robo advisor products, and Wealthsimple Trade and Questrade, two online broker products. Start trading. 5% . Questrade has been very slow with processing deposits from my bank account, and I think a very underrated part of WS is the instant funds. I use both Questrade and Wealthsimple. Purchases and sales of stocks incur a trading fee. Wealthsimple Trade stands out for its fee-free buying and selling of stocks and ETFs, except for a 1. I've heard good things about both Questrade and Questrade is also a member of the Canadian Investor Protection Fund (CIPF), so traders should feel safe investing with the broker. ADMIN MOD Wealthsimple cash vs EQ bank savings . You have voted on this poll. It's cheaper than most fx but still not free so you still gotta do the math to decide if the 2-way commission fees are worth the hassle. I would prefer to not have to re-balance or check up on my investments. What I am looking is a low fee safe option to start TFSA and RRSP account. That is to say, and it is a battle of wisdom vs. I was comparing Wealthsimple with Questrade, and looking at the pricing I get the impression that for trading stocks Wealthsimple is cheaper, while Questrade is cheaper for investing in funds. Again, once you do your own DD you'll be able to decide which one to go with. r/PersonalFinanceCanada • Should I transfer to Interactive Broker. 01 per share. In the extremely unlikely event that Wealthsimple were to go out of business, your account would remain safe. Wealthsimple. Features Wealthsimple Robinhood Questrade; Account minimum: $0: $0: $1,000: ETF commissions: $0: $0: $0 when buying; up to $9. Questrade isn't attractive anymore compared to all other players right now. Learn the differences between Questrade and Wealthsimple, two Canadian online investing platforms that offer self-directed and robo-advisor services. Questrade also lets you do a synthetic DRIP on any stocks. 95/trade when selling: Stock commissions: $0: $0: $4. Connect with us, M-F, 9:00 am to 5:00 pm ET. 75% interest on your Cash account. (I think it only works with those shares they already offer fractional buying) This section of my Qtrade vs. Questrade is more like comparing apples to oranges. 99 per trade: $4. Qtrade Accesibility: Which platform is the best? While both online platforms are available through your web browser and mobile, Questrade’s three additional trading platforms offer proper customizable Security. 95 + $1. If you trade USD based instruments on Wealthsimple you get dinged with conversion fees. Cash I just opened a EQ Wealthsimple vs. We will put aside our biases and compare the two Wealthsimple vs Questrade (Not for trading, only investing) Investing Hi guys, I'm 25 and I have TFSAs with both the brokers and I would like to ask which will be better for a diversified portfolio building? I'll be doing 50-50 for ETFs and Stock Picking for my investments. Questrade could be the best fit for you if you’re a more experienced Questrade vs Wealthsimple: Our Summary. Their EQ Bank Personal Account is a hybrid account that allows you to deposit money, make bill payments, send unlimited e-transfers and earn a high-interest rate. You have to do some researches, rebalance, etc. Qtrade vs. Wealthsimple Trade is a top contender in the investing app space of Canada. The platform is operated by ShareOwner Investment Inc, a Wealthsimple-affiliated investment dealer registered to operate across Canada. I would like to get started for both me and my wife. Wealthsimple Trade is an independent online broker that offers commission-free trading, while CIBC Investor’s Edge is owned by a big bank and levies flat fees on trades. Each offers its own unique killer features that have sparked a loyal While Wealthsimple charges no fees, is very easy to use for begginers and has pretty decent features, Questrade offers more account types, more advanced products to trade and analysis tools as well as access to more In this article, we’ll compare Questrade and Wealthsimple: Canada’s two most popular online investing platforms. Questrade might be right for you if Questrade is a good choice for investors who have expert level investment knowledge and have needs not met by Wealthsimple Trade. 95/trade : Other fees: 1. I very much prefer WealthSimple for buying stocks, and the smartphone and tablet apps are very nice. Considering that you will likely have a large investment in there, I care about 2fa. It has been around for six years at writing, and it continues to perform well. Contact our team. I'm putting it all in XGRO and Wealthsimple Trade vs Questrade I had recently invested in some ETFs on Questrade, then I discovered Wealthsimple had opened a new trade platform. This is just a community. Qtrade vs Questrade vs Wealthsimple Trade. Qtrade Accesibility: Which platform is the best? While both online platforms are available through your web browser and mobile, Questrade’s three additional trading platforms offer proper customizable Questrade. Members Online. Wealthsimple provides a more straightforward interface and robo-advisor services for those who prefer a more guided approach. Toutes deux spécialisées dans les marchés canadiens et américains, Questrade et Wealthsimple proposent des placements intéressants et permettent de négocier de nombreuses actions sur This section of my Qtrade vs. I've used almost every investment app / broker in Canada over several years. What's the Best INVESTING Platform in Canada? Should I Use WEALTHSIMPLE or QUESTRADE? How do I Buy US Stocks? How Much are Currency Conversion Fees? Should I Welcome to the official Questrade subreddit. 5% transfer promo going on + $$ if the transfer amount is in a certain range. Both trading platforms Fortunately, two of Canada’s top online investment brokerages, Questrade and Wealthsimple, offer the perfect solution for Canadian retail investors. 25% interest Qtrade Direct Investing™ and Questrade are two of the best discount brokerages in Canada. Both offer excellent trading platforms and robo-advisors. I finally have some saving to be able to invest, and I'm trying to slowly learn the ropes. When it comes to selecting the right investment platform, understanding your specific needs and preferences is crucial. 22%, and a 100-basis points fee for U. Questrade trading platform has been a low-cost brokerage provider since 1999. Hope you now have all the information you need to make an informed decision! Overall, both Questrade and Wealthsimple Trade are great self-directed investing platforms. Not holding ETF, it's on some kind of pre-made plan puke puke. You can check other brokerage promotions. Recently opened an account with Wealthsimple. You basically can use it for long only no margin and limited products. Questrade does not charge a fee when you purchase ETFs; however, a minimum fee of $4. 5% additional interest on USD Questrade is better for active traders who want more control, while Wealthsimple suits hands-off investors seeking automated solutions. Their interface and data is better than questrade and wealthsimple. This trading platform also supports cryptocurrencies via its Wealthsimple Crypto offering. Reply reply More replies. Updated 4 Aug 2022 Our Review. Total votes: 11. 95-$9. 95 to $9. Users can chart stocks utilizing a variety of technical indicators, access level 2 data, detailed Wealthsimple is best described as a wealth management service, while Questrade is, first and foremost, a brokerage firm. So it's a lot Wealthsimple vs. I recommend Questrade if you want to hold USD or US ETFs. The same as Robinhood in USA. Like Wealthsimple, Questrade TFSA can be held in a managed or robo-advisor account through Questwealth Questrade - best UI imo. Questrade. Questrade wins on fees: Fees are much lower for Questrade vs TD Direct Investing, and could equal to hundreds or thousands of savings per year. 40% for accounts with a more substantial balance. 95 min; $9. Questrade vs Wealthsimple: Trading Fees. I have a questrade and wealthsimple trade account. 25% >$100,000: 0. Just go with whatever one you like best. Join our community as we empower Canadians to take control of their financial future. Manulife will rebalance for me for "free". 3% The main reason for using both was trying to diversify. Premium. Wealthsimple VS Questrade Pretty new to investing, i wanted to try Wealthsimple 3 months ago but they put me on a waiting list, i was ready to trade now, so i went with questrade (TSFA) they offered no fee on the first 5 trades. Both I believe will perform about the same long term. For similar levels of risk instructions Time weighted rate of return; Questwealth 19. Questrade This Wealthsimple vs. Access fractional shares: Buy fractional It also stands out as one of Canada’s few online trading platforms to offer commission-free ETFs, alongside Wealthsimple Trade and Questrade. Investing So I’ve been with questrade for about 6 years now and have paid cumulatively probably 3-5k in fees. There's not much of a difference between the two if you're not buying US listed stocks. I tried removing them so I could start from the beginning, but they're still listed as disconnected and when I try to reconnect them again it says it can't find that connection. Questrade offers an education section with beginner and advanced resources, including a blog, how-to articles within the knowledge base, and on-demand webinars to help improve investing skills. 95 ETFs: Free to buy but min of $4. Questrade . If you're a new trader and want to dip your toes into some Canadian banking stocks or ETF such as XEQT and VFV, Wealthsimple is the cheapest way to do it. 95; max $9. Wealthsimple trade UI is more straightforward and accessible than Questrade self directed. I would argue Questrade's accounts are better especially if you want to invest in USD assets since you can actually hold USD. Description; With its powerful financial tools, Wealthsimple can be considered one of the leading robo advisors in Canada. It seems to be easier to navigate and have no trading fees. Excellent ETF commissions, stocks commissions are meh. Questrade: an Overview. Get app Get the Reddit app Log In Log in to Reddit. Wealthsimple Trade could be compared with Questrade's Self Directed accounts. RBC InvestEase Wealthsimple provides this service, but it is not part of Wealthsimple Trade. Members Online • SnooPredictions6409. Something not mentioned yet is the difference in apps for phones. Is that Questrade vs BMO InvestorLine; Questrade vs Wealthsimple Trade; Wealthsimple Invest vs Wealthsimple Trade; Wealthsimple vs CI Direct Trading; DIY Investing Course for Beginners: Grow Your Wealth Like a Pro. Just haven't Wealthsimple is only good for stocks trading in CDN. Wealthsimple is supposed to be Canada’s Robinhood. Questrade is a more established firm. 95 + $1/contract FX & CFDs: spreads as low as 0. Questrade is seen as a fresh upstart versus a well-established institution when comparing the two services Questrade has been in the internet brokerage business since 1999, while Wealthsimple Trade has only recently entered the fray. Does Wealthsimple Offer Spousal RRSPs? Yes, you can open a Wealthsimple Spousal RRSP account and contribute to it on behalf of your partner. Internet says WealthSimple is slightly better option. However, its flat-trading fees run high compared to independent discount brokers in the same league, which may be a turnoff to cost-conscious investors. More recently, Questrade got into the robo-advising business, initially starting out as Portfolio IQ and later re-branding as Questwealth Portfolios. Questrade starts you off with a CAD/USD margin account so you can just buy US stocks directly with your buying power, skipping currency conversion fees altogether. How To Build Wealth in Canada: 7 Ways to Become Rich. If you are up for the DIY approach and want to build your own portfolio, check out this Wealthsimple vs Questrade review for options. I understand questrade can be paired with passiv to auto balance RESP: Wealthsimple Robo Advisor vs Questrade. Questrade and Wealthsimple are two leading Canadian fintech companies that cater to different investor profiles. Bringing all your investments to Wealthsimple means better access to exclusive perks. r/CanadianInvestor • RBC layoffs r/CanadianInvestor • Enbridge to buy three utilities in deal valued at $14 bln. Wealthsimple Trade vs. S. 95 max) ETF fees: $0: 1 cent/share ($4. Questrade vs Wealthsimple for self managed recurring investment . 95 per “sell” I use both Questrade and WealthSimple. WealthSimple is great if you only buy and sell Canadian things since it is free. It has a Also having all your money in one place is convenient. 25/contract: $9. 95 per transaction which seems ridiculous, but is it worth it for their service is there stock info always upto date? Also the 1. 5%x Wealthsimple vs Questrade management and FX fees for US ETFs Hoping for some insight and possibly to help clarify confusion on a couple points I saw elsewhere on PFC. Wealthsimple Trade: Security Wealthsimple is not a real platform. Does Wealthsimple offer RRSP loans? Wealthsimple does not offer RRSP loans. 75 to $2. Investing I'm looking to implement a 3 funds strategy with auto deposit monthly into a tool/service that buys automatically the same 3 index fund ETF monthly. 95 : ETFs: Free to buy: $4. WealthSimple simply chooses the ETF. Questrade offers an education section with beginner and advanced resources, including a blog, how-to articles within the knowledge base, and on-demand webinars to help improve investing skills Qtrade Direct Investing™ and Questrade are two of the best discount brokerages in Canada. Wealthsimple vs RBC direct invest . 50% currency conversion fee on USD trades, which is typical for brokerages. We will use most of the revenues to make Stockchase Questrade vs. Investors with larger portfolios Quick look at Questrade vs Wealthsimple Take a look at the table below to understand each player’s strenght. If you want to buy stocks in USD, I think Questrade lets you have a USD account whereas Wealthsimple doesn't. A digital, low-cost alternative that gives Canadian investors a better choice in growing their money. Below is a quick snapshot of how Wealthsimple, Robinhood, and Questrade compare. But at those difference I don't think I would This Questrade vs. Questrade Vs Wealthsimple; A Comparison Of Questrade Vs Wealthsimple. TD Easy Trade vs Questrade. As a passive investment manager, Wealthsimple does not charge you any fees for investing your money and has no minimum balance requirement. More portfolios to choose from, you also have a little more control with some added features. I have a margin and TFSA with them. Questrade: If you are up for the DIY approach and want to build your own portfolio, check out this Wealthsimple vs Questrade review for options. I'm gonna start from $2000 and put $100~200 each every month. Wealthsimple offers a tiered management fee of 0. Interactive Brokers comparison covers their account offerings, investment products, trading fees, pros & cons. Compare their trading fees, investment products, account options, perks, and more in this detailed review. Questrade – Brokerage Investing Account Options Available In this video, I’ll compare Questrade vs WealthSimple, so you can better decide, which one is right for you? Choosing between WealthSimple vs Questrade is no Questrade is also a member of the Canadian Investor Protection Fund (CIPF), so traders should feel safe investing with the broker. I'm currently holding about 25k in my TFSA on WS. ADMIN MOD Questwealth vs self directed . Log In / Wealthsimple vs. Hi, I am new to investing and was evaluating options for investment. 95 per trade). If you only buy stock/eft listed in CAD, either will be fine. Wealthsimple: Which One is Better For You? September 17, 2024. I think invest charges . Wealthsimple just pays them for you but they're not worth worrying about. Share your ideas, questions and insights. I understand Wealthsimple doesn't have trade/commission fees but I understand this platform doesn't have real time prices. Wealthsimple Trade is a self-directed investment platform you can use to buy and sell stocks and ETFs by yourself. I've been thinking about 3 options and I'd like an opinion or check of which makes the most sense. It is 0. On website. On Questrade, you can expect: Commission-Free ETFs: Purchases are free; however, you pay a small fee when you sell ($4. IBKR is a full service online brokerage. Learn how to choose the best option Questrade vs. Learn the pros and cons of Questrade and Wealthsimple, two popular online investing platforms in Canada. Questrade charges $4. In my opinion, WS is far superior. Wealthsimple boasts lower fees for stock and Verdict on Wealthsimple Trade vs Questrade. To help you choose, we're breaking down each brokerage, so you can find the best fit for you. You can buy and sell ETFs for free, but you'll have to pay commissions ranging between $4. Hey all, just curious if you've got a preference between using Wealthsimple or Questrade or whatever investing products you can use with CIBC. They do have the wealthsimple for TFSA if you plan to use a roboadvisor where you pay a commission of 0. Questrade is better for active traders who want more control, while Wealthsimple suits hands-off investors seeking automated solutions. Wealthsimple and Questrade are renowned online brokerages in Canada, both offering comprehensive trading platforms for stocks, ETFs, and various investment products. dollar Wealthsimple vs Questrade . Holding with Wealthsimple is exactly like a big bank, except that its a diy approach. Questrade stands out as a versatile platform, with its wide range of investment products and Wealthsimple Cash: This is a free peer-to-peer money transfer service that also includes a Visa prepaid card. Also having all your money in one place is convenient. Retiring up to 30% wealthier illustrates how investing with a Questwealth Income Portfolio could improve your retirement savings using a hypothetical example. I have my TFSA at Questrade which I am rebalancing myself. Wealthsimple is the leader in this area with no-commission fees for stocks and ETFs, while its options trading ranges from $0. By delving into the strengths and Questrade vs. Generation. Hi everyone I have a question, hope you can help me clarify me. Questrade lets you buy and sell investments through its desktop or mobile app. More I was able to get my wealthsimple investment accounts to connect during my free trial, but now they can't seem to reconnect. Reply reply bpk2016 • Thanks! This is very helpful. These Wealthsimple is for Canadian stocks, ETF and etc. User-friendly: Offers a top-rated iOS and Android mobile app with an intuitive interface to make it easy for users to trade within minutes. 2% in fees, which is 3-6X less than Wealthsimple. RBC InvestEase I personally like WealthSimple Invest over RBC invest ease. It would be around 2k every 2 weeks. WealthSimple if you only need CDN stock. 17% – 0. I would like to confirm that I'm not missing something. Wealthsimple vs. 4% for 100k+. Our Review. RBC InvestEase and Wealthsimple are among the best robo-advisors in Canada. I chose questrade over wealthsimple because of some USD and DRIP concepts which were beyond me. You can’t hold USD in Wealthsimple. Dropped some $ on AMD and weed stocks, Questrade is also a member of the Canadian Investor Protection Fund (CIPF), so traders should feel safe investing with the broker. *** Members Online • dordorju. So far just only paying the $10 a month for the US IKBR's fees are looking far better than Questrade's, especially for someome like me who can't afford to buy 100 shares at a time of large cap US stocks. Or maybe even a combination. ‘Robo-advisor’ is the techie name for online wealth Wealthsimple Trade vs. Wealthsimple for RRSP/TFSA? Hello, I recently finished paying off my student loan so I am looking into opening an RRSP and TFSA so I can start learning more about investments & saving up for retirement in the long term. Rather than pit Wealthsimple Trade against all of the competition, let’s take a look at how it stacks up against Wealthsimple trade, it’s what I use and you’re also mainly holding Canadian based ETFs = no fees. As a result, I've determined the best way to invest in Canada! Best All-In-One B Wealthsimple Trade: CI Direct Trading: Questrade: ETF and stock trading fee: Free to buy and sell: $1. Wealthsimple Tax: Formerly known as Simple Tax, this product is useful for filing your annual tax return. But if you want to access advanced trading features/charting and a wide selection of market securities/investment accounts, Questrade is a good choice. Plus 3~ business days for Welcome to the official Questrade subreddit. ‘Robo-advisor’ is the techie name for online wealth Questrade vs. Hey guys, I know this has been asked a few times before probably, but I want to start investing and would appreciate your insights on which to use and why? I know RBC has a flat rate of 9. Free-free platform: You don’t pay a dime when trading stocks and ETFs on the platform, which saves you $5 to $10 per trade charged by most other brokers. Wealthsimple Trade has no fees for buying and selling stocks and ETFs. Interactive Brokers: Investment Accounts. Wealthsimple VS Questrade . Questrade is the most popular online discount brokerage platform in Canada. Plus 3~ business days for 2. They're essentially the same thing with a couple different perks depending on which you go with. Wealthsimple Crypto accounts That would be the closest equivalent to Wealthsimple, but it takes more effort to set up, they don't do fractional shares so you have to buy XRGO shares 25$ at a time, and money left over may sit in your questrade account at 0% until the next purchase, but it is at 0. It was launched in 2009 by its parent company, Wealthsimple, a top wealth Comparing WealthSimple vs Questrade . questrade is ripping us off with these fees and commissions upvotes · comments. Wealthsimple offers various products and services, and it is important to differentiate between them. Robo-Advisors vs. I’m hoping they will change that in the future. Wealthsimple operates on PFOF, payment for order flow. 95 per trade: $4. or transfer it to a new advisor or your bank account. The Top 5 Travel Stocks To Buy in Canada in October 2024. Questrade hands down the better if the two if you are using the automated investment strategy. Questrade offers far more account types than Wealthsimple, which only offers the basics. Goal setting with an advisor . I’m pretty sure there is no form of ‘serious trading’ you can do with Wealthsimple. Questrade offers an education section with beginner and advanced resources, including a blog, how-to articles within the knowledge base, and on-demand webinars to help improve investing skills Wealthsimple or Questrade? Hey all, just curious if you've got a preference between using Wealthsimple or Questrade or whatever investing products you can use with CIBC. Investing Finally making the move to pull our investments from an investment advisor. In my specific situation, is there a reason to stay with Questrade if wealthsimple is truly this "set it and forget it"? Or am I missing something in the difference between the two platforms that still makes questrade advantageous? Questrade is a better brokerage choice for buy and hold ETF investors because: 1/ they support DRIP 2/ you could use Blackrock’s Pre-authorized Cash Contribution plan to automate purchases of XBAL and/or XGRO and 3/ Questrade currently pays for one year of Passiv Elite, which will remind you to make "one click purchases" as soon as money hits your account. Want to become a do-it-yourself investor, save on investment fees, grow your wealth, and reach financial independence? Enroll in this Questrade vs Wealthsimple TFSA Account . I trade US stocks and no longer options. Here are some of its top features: A high-interest savings rate one of the best non-teaser rates you will find in I don't know about Questrade, but Wealthsimple now offers automated stock buying - so you can bypass the robo-advisor/manager, make automated deposits and have it by fractions of an ETF (like VEQT or VGRO) without any further input from you. Hello all, I been searching the sub-reddit to decide whether to go to questrade portfolio or wealthsimple. Wealthsimple Trade, which online discount broker is better? Here's an honesty review from a real user comparing the two brokers. When comparing Wealthsimple Trade and Questrade, it’s important to consider their fee structures. Questrade; Wealthsimple RRSP FAQs. It started operations in 1999 as the first real discount broker, offering clients low commission Wealthsimple Trade vs Questrade. I have a significant amount in holdings and it seems like QT doesn’t really value my business. Just based on what you’re gonna hold and you seem like a long-term player I’d go with Wealthsimple especially because you can duck the fees that questrade would have. 95 per trade: Commission-free ETFs The unofficial subreddit for discussion relating to all Wealthsimple services (Trade, Invest, Crypto, Cash, etc. Qtrade Accesibility: Which platform is the best? While both online platforms are available through your web browser and mobile, Questrade’s three additional trading platforms offer proper customizable functionality for high-volume traders that you won’t find with Qtrade. 5% for sell. 5% 1x to convert from CAD to USD, versus wealthsimple 1. When you compare Wealthsimple Trade to most leading Canadian online brokers, it boils down to no fees (Trade) vs. Hier sollte eine Beschreibung angezeigt werden, diese Seite lässt dies jedoch nicht zu. Questrade is okay. I used to bank with RBC which was always like hours long waits I used to bank with RBC which was always like hours long waits Questrade vs. Questrade is a discount brokerage platform offering commission-free trades when you buy ETFs. I would really appreciate some input from you guys regarding these two Wealthsimple trade does not have a TFSA option at the moment for DIY investing. 00 per contract. For this reason, we declare Questrade the winner of this category. While Interactive Brokers offers more accounts overall, Questrade has a wider selection of registered investment accounts, including RESP, LIRA, LIF, and more. Here’s how Wealthsimple Trade compares to Questrade: 1. While the term ‘robo-advisor’ may inadvertently bring the picture of ‘mindless’ robots moving around to your mind, this is not the case here. It's complicated but it suits all my different needs and is the most efficient use for my investments. Winner: Wealthsimple. Both offer many ways to manage your personal finances and investment accounts. Below, we compare the two trading platforms and look into some of each platform’s services, features, and fees. I don't have TFSA or RRSP account. 5% to 0. The big bank will do all that for you, but they'll charge fees for this, unlike Wealthsimple. What is Wealthsimple Trade? Wealthsimple Trade is one of Canada’s best online trading platforms that offers commission-free trading. Life is short - I need more set it and forget it in my life. And when it comes to providers (Wealthsimple, Questwealth, Questrade with an Asset Allocation Fund, etc) pretty much the only difference between them is going to be the compounding effect of the fees you're paying over time. Trades are as low as $4. But if you want to access multiple investment accounts Questrade vs Wealthsimple . It’s directed at Canadians who prefer to do their own investing. I know wealthsimple has recurring purchase options for some ETFs and Questrade has passiv (a The unofficial subreddit for discussion relating to all Wealthsimple services (Trade, Invest, Crypto, Cash, etc. Wealthica Review: Portfolio Tracking Candice Reeves August 5, 2024. Also Wealthsimple Stock Trading. Compare fees, products, features, account types, market data and Questrade: -4,95$ per trade, free for buying ETF (but not selling) -Better for buying and selling USD stocks (one time conversion fee of 2%), but take into account cost per trade. Wealthsimple Trade emerged in 2019 as a new product from Wealthsimple, an online investment management firm. I wanted to see how much of a risk tolerance I have. Reply reply Questrade vs. I like WS because I give them money and forget about it, and I like Q because I get a more hands on . I am looking at either putting in $1000 in a 80 stock/20 bond mix in Wealthsimple or a CCP model ETF portfolio (80/20 again). 95, ETFs are Simplii and Wealthsimple offer online banking in Canada. Questrade RESP. Wealthsimple vs Questrade as a Robo-advisor, Wealthsimple wins. $100,000 in assets. 50% per year for account balances between $1 and $100,000. r/CanadianInvestor • Canadian You have no way to know. For non-registered accounts, both Questrade and Interactive Brokers support trust, small business, joint, corporate, margin, and investment club Wealthsimple provides this service, but it is not part of Wealthsimple Trade. Wealthsimple Trade and CIBC Investor’s Edge are among the best online brokerages that offer top stock trading apps and platforms in Canada. I find the transaction fees per trade are much lower on questrade. Questrade offers an education section with beginner and advanced resources, including a blog, how-to articles within the knowledge base, and on-demand webinars to help improve investing skills Questrade vs. If you're talking about a roboadvisor, WealthSimple and QuestWealth are pretty comparable, but I'd say WealthSimple has a more polished product, plus QuestWealth is a bit less appealing as it has some active funds. Reply reply gondarrr • Yes, that's generally right. 95 per trade: Commission-free ETFs When Dan CCP revealed the 2020 model portfolios he wrote, First off, I’ve removed the Tangerine Investment Funds, which had been a staple of my model portfolios for close to 10 years. TO Questrade vs. Questrade vs Wealthsimple: Fees and minimum deposits. Questrade also provides research and educational tools similar to TD Title isn't rhetorical, I probably don't understand the fee system. Wealthsimple; Questrade vs CIBC Investor’s Edge; Questrade vs CI Direct Trading; Questrade vs Scotia iTrade; DIY Investing Course for Beginners: Grow Your Wealth Like a Pro. Search this thread. Pretty new to investing, i wanted to try Wealthsimple 3 months ago but they put me on a waiting list, i was ready to trade now, so i went with questrade (TSFA) they offered no fee on the first 5 trades. Reply to Thread Reply. Self-directed investing is still a When it comes to the showdown between Questrade and Interactive Brokers my analysis and answer might surprise you! Canadian DIY investors are spoiled for choice these days, and while both of these brokerages rank amongst Canada’s best online brokers, I personally have decided to go in another direction all together. ***We are in no way affiliated with, endorsed or sanctioned by Wealthsimple. They offer a variety of features and benefits, so it Questrade vs Wealthsimple comparison has to consider both the Robo-advisor and trading brokerage features. Once you sell, it gets put back into CDN from USD. Both Qtrade and TD Direct Investing offer about 7 investment products. I don't use them but I would assume the UX is better than Questrade especially on the app but this is a platform for people who have no idea how to invest and just like believing that there are no fees. Investors with larger Pros of Wealthsimple Trade. Wealthsimple This was awesome! Quick question: WealthSimple doesn't charge commission for TSX listed but does charge for CAD-USD conversions, what does Questrade do? Are all Questrade transactions free to buy but have a fee to sell? Any conversion costs with Questrade? Thanks! The table below shows how NBDB stacks up against Questrade and Wealthsimple Trade. 4% management fees on managed investing accounts. Disclosure: I have no experience with Wealthsimple. 95 max) Options: $0 + $1. Questrade vs Wealthsimple Trade vs CIBC Investor’s Edge. 95 per stock trade which can be as little as $0. Fees. I've looked at half a dozen posts on this subreddit of WS vs Questrade and I don't understand. Meaning if you're trying to transfer any USD exclusive investments, you'll pay a lot or a little (depending how much money you have) exchanging currencies with Wealthsimple, something on the order of ~>1. Questrade is a much more comprehensive platform than Wealthsimple Trade. Wealthsimple Trade is great for you if you want to invest in crypto, stocks, and ETFs in one place. I’m sure this post has been made, but I wanted to chime in. Wealthsimple Trade is one of the products offered by Wealthsimple, a fintech company that 📈📚 FREE Training Video + Join Our Investing Academy https://bit. 77% WealthSimple 4. For other asset allocation ETFs (or a buying pattern that can't be scheduled) you could have Passiv Elite remind you to make "one click purchases" as soon as money hits your account. Affiliate Disclaimer – Even though we receive referral fees from companies mentioned on this website, we try to make our reviews unbiased and backed by our own experience and social proof. The management fees on Questwealth Portfolios are: $1,000 – $100,000: 0. Our advisor currently has about $375,000 and I manage about $275,00 in Questrade, for a total of about $650,000. Questrade comparison will discuss the features and benefits of both discount brokers to give you an overview of each trading platform. You can't really go wrong with either because they are both perfect for retail investors. If you replicate the WS or Questrade portfolio in a WS Trade account your MER will be . Norbert's gambit is a pain in the ass. Additional Features. Wealthica Review: Portfolio Tracking No, the MER is decided by the Exchange Traded Fund (ETF) and not by WealthSimple. NBDB: Questrade: Stock trading fees: $0: 1 cent/share ($4. tsrm eiyvvq uwewn guaw vuemt ufvk qzf ovegir bqdqs issc