Wealthsimple vs FP Markets

Wealthsimple vs FP Markets Comparison Table 2023
Wealthsimple FP Markets
WINNER
FP Markets is the better broker
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

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.

FP Markets is a multi-asset broker offering a choice of trading platforms.

Awards
  • Best Financial Services Website - Webby Awards
  • Top 100 Global Financial Technology Companies - Fintech 100
  • Best Global Forex Value Broker 2019 - Global Forex Awards
  • Best Quality of Trade Execution 2019 - Investment Trends
Instruments
Stocks, ETFs, Cryptocurrencies Forex, CFDs, indices, shares, commodities, cryptocurrencies, bonds, ETFs
Demo Account
No Yes
Minimum Deposit
$1 $100
Payment Methods
Minimum Trade
$1 0.01 lots
Regulator
IIROC ASIC, CySEC, ESMA
Margin Trading
No No
MetaTrader 4
No Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No Yes
eSignal
No No
Trading Central
No Yes
STP Account
No Yes
ECN Account
No Yes
DMA Account
No Yes
MAM Account
No Yes
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
Yes No
Negative Balance Protection
No Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android Yes
Auto Trading
Yes via robo advisor Yes
Copy Trading
No Yes
Copy Trading Platform
FP Markets Social Trading app allows for the straightforward mirroring of established traders with an easy-to-follow ranking system.
Social Trading
No Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
No
Guaranteed Stop Loss
No
Inactivity Fee
0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • CAD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • TRY
  • CHF
  • PLN
  • CZK
  • THB
  • VND
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Trade thousands of CFDs across a range of markets with high leverage.
Leverage
1:500 (Global), (1:30 UK)
FTSE Spread
1.64
GBPUSD Spread<
1.9 average
Oil Spread
0.04
Stocks Spread
Variable
Forex Trading
Forex trading not offered Trade on dozens of forex pairs with low spreads.
GBPUSD Spread
1.9 average
EURUSD Spread
1.1 average
EURGBP Spread
1.7 average
Assets
60+
Cryptocurrency
Buy and sell 50+ crypto tokens including Bitcoin, Ethereum and Dogecoin Trade a handful of leading cryptocurrency coins against the US Dollar.
Spread
1.5 – 2% operational fee Floating
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
  • ADA
  • BCH
  • BTC
  • DOG
  • DOT
  • EOS
  • ETH
  • LNK
  • LTX
  • XRP
  • SOL
  • XLM
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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