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Focus Option vs Wealthsimple

Focus Option vs Wealthsimple Comparison Table 2023
Focus Option Wealthsimple
Review
4.1
Review
Not Yet Rated
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Focus Option specializes in digital options and leveraged CFDs. The broker offers a web platform and downloadable mobile app, alongside four account options.

Wealthsimple offers managed investment portfolios to Canadian residents. Clients can build a trading solution based on their financial goals and risk tolerance. Buy and sell stocks, ETFs, and cryptocurrencies. 2 million+ accounts have already been opened.

Awards
  • Best Financial Services Website - Webby Awards
  • Top 100 Global Financial Technology Companies - Fintech 100
Instruments
Binary Options, CFDs, Forex, Metals, Indices Stocks, ETFs, Cryptocurrencies
Demo Account
Yes No
Minimum Deposit
$10 $1
Payment Methods
Minimum Trade
$1 $1
Regulator
IIROC
Margin Trading
Yes No
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No Yes
Negative Balance Protection
No No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Yes via robo advisor
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
No
Guaranteed Stop Loss
No
Islamic Account
No Yes
Account Currencies
  • USD
  • USD
  • CAD
Stock Exchanges
Commodities
CFD Trading
Use leveraged CFDs (between 1:20 and 1:50) to take positions on popular financial markets CFD trading not offered
Leverage
1:50
FTSE Spread
NA
GBPUSD Spread<
3
Oil Spread
1
Stocks Spread
Variable
Forex Trading
Take positions on close to 40 forex pairs including majors Forex trading not offered
GBPUSD Spread
3
EURUSD Spread
1
EURGBP Spread
3
Assets
39
Cryptocurrency
Speculate on 60+ leading digital currencies Buy and sell 50+ crypto tokens including Bitcoin, Ethereum and Dogecoin
Spread
NA 1.5 – 2% operational fee
Coins
  • BTC
  • ETH
  • XRP
  • USDT
  • BTC
  • LTC
  • ADA
  • AAVE
  • ATOM
  • DOGE
  • KSM
  • CRO
  • THETA
  • LINK
  • YFI
  • YCC
  • MATIC
  • RUNE
  • SOL
  • MANA
  • MIOTA
  • XMONEY
  • XMR
  • SUSHI
  • BAT
  • ZRX
  • 1INCH
  • AAVE
  • APE
  • AMP
  • ANKR
  • AVAX
  • AXS
  • BAL
  • BNT
  • BAND
  • BAT
  • BTC
  • BCH
  • ADA
  • CTSI
  • CELO
  • LINK
  • CHZ
  • CHR
  • COMP
  • ATOM
  • COTI
  • CRV
  • DAI
  • MANA
  • DOGE
  • DYDX
  • ENJ
  • ETH
  • FTM
  • FIL
  • GALA
  • GRT
  • KNC
  • LTC
  • LRC
  • LUNC
  • MKR
  • PAXG
  • DOT
  • MATIC
  • QNT
  • REN
  • SAND
  • SHIB
  • SKL
  • SOL
  • XLM
  • STORJ
  • SUSHI
  • SNX
  • XTZ
  • UMA
  • UNI
  • USDC
  • YFI
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Focus Option facilitates binary options trading on a user-friendly, browser-based platform. The broker also offers ultra-short-term binaries from 30 seconds. Binary options trading not offered
Payout
95%
Expiry Times
30 seconds - 1 week
Ladder Options
No No
Boundary Options
No No
Review
Review
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