Forex.com vs Wealthsimple

Forex.com vs Wealthsimple Comparison Table 2023
Forex.com Wealthsimple
WINNER
Forex.com is the better broker
4.5

Forex.com is #2 in our broker rankings.

Not Yet Rated
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.

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 US Broker 2020 - DayTrading.com
  • Best US Broker 2019 - DayTrading.com
  • Runner-Up - Best Forex Broker 2019 - DayTrading.com
  • Best Financial Services Website - Webby Awards
  • Top 100 Global Financial Technology Companies - Fintech 100
Bonus
No
Instruments
Stocks, Futures, Options, CFD, Forex, Crypto Stocks, ETFs, Cryptocurrencies
Demo Account
Yes No
Minimum Deposit
$100 $1
Payment Methods
Minimum Trade
$1 $1
Regulator
CySEC, IIROC, NFA, CFTC, FCA, CIMA IIROC
Margin Trading
Yes No
MetaTrader 4
Yes No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes No
Autochartist
Yes No
eSignal
Yes No
Trading Central
Yes No
STP Account
Yes No
ECN Account
Yes No
DMA Account
Yes No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
Yes No
Robo Advisor
No Yes
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Automated trading supported through platforms (MT4) Yes via robo advisor
Copy Trading
No No
Social Trading
No No
Trade Signals
SMART Signals
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
No
Guaranteed Stop Loss
No
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • CHF
  • USD
  • CAD
Stock Exchanges
Commodities
CFD Trading
Go long and short on a range of popular financial markets CFD trading not offered
Leverage
1:200
FTSE Spread
1 pt
GBPUSD Spread<
1.0 Var
Oil Spread
0.04 Var
Stocks Spread
0.1% (Min Commission Applies)
Forex Trading
Forex.com are a leading FX broker. Offering a large range of currency pairs and some of the tightest spreads in the industry. Forex trading not offered
Forex App

Running alongside the Advanced and WebTrader Platforms, the Forex.com mobile app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd.

GBPUSD Spread
1.0 Var
EURUSD Spread
0.8 Var
EURGBP Spread
0.8 Var
Assets
80+
Cryptocurrency
Trade the major cryptos against USD, EUR, GBP and AUD. All traded with tight spreads. No virtual wallet required, just a trading account. Note, cryptos are not available in the US or Canada. Buy and sell 50+ crypto tokens including Bitcoin, Ethereum and Dogecoin
Spread
BTC 1.4%, ETH 2% 1.5 – 2% operational fee
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • 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
More Comparisons
Forex.com
vs
Wealthsimple
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