TradeStation vs Wealthsimple

TradeStation vs Wealthsimple Comparison Table 2022
TradeStation Wealthsimple
United States Flag Traders from US accepted
United States Flag Traders from US not accepted
US based broker with pricing methods split to cater for active day traders, or longer term stock holders 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
Stocks, Futures, E-minis, CFD Stocks, ETFs, Cryptocurrencies
Demo Account
Yes No
Minimum Deposit
$500 $1
Payment Methods
Minimum Trade
Min lot size will vary $1
Regulator
SEC IIROC
Margin Trading
No No
MetaTrader 4
Yes No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No
Trading Central
No No
STP Account
No No
ECN Account
No No
DMA Account
Yes 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
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS, Android and Windows iOS & Android
Auto Trading
Yes via robo advisor
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • USD
  • CAD
Stock Exchanges
CFD Trading
CFD trading not offered
Leverage
1:20
FTSE Spread
N/A
GBPUSD Spread<
N/A
Oil Spread
0.06 pips
Stocks Spread
0.2% Var
Cryptocurrency
Crypto trading not offered Buy and sell 50+ crypto tokens including Bitcoin, Ethereum and Dogecoin
Spread
1.5 – 2% operational fee
Coins
  • 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
Yes No
Auto Market Maker
No No
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