Wealthsimple vs Revolut

Wealthsimple vs Revolut Comparison Table 2023
Wealthsimple Review 2023	Revolut Review 2023
Review 3.1	Review 3.1 Revolut is #22 in our broker rankings.
Traders from US not accepted	Traders from US 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.	Revolut is a popular financial app that also offers trading on stocks, metals and digital currencies. The brand has over 25 million users worldwide with a choice of accounts, tools and services to suit different needs and budgets, including online investing and currency exchange.
	Revolut is a financial technology company. Banking services provided by Metropolitan Commercial Bank, Member FDIC. Securities products and services provided by Revolut Securities Inc, member FINRA/SIPC. Securities products are not insured by the FDIC or any federal government agency, are not bank deposits, are not obligations of or guaranteed by Metropolitan Commercial Bank and are subject to investment risks, including possible loss of the principal amount invested.
Comment by Reviewer
"Canadian traders looking for passive income opportunities will be well served by Wealthsimple. The quick and easy joining process also means you can sign up and start trading in a few minutes."	"Revolut is suitable for casual stock traders looking for an easy-to-use app with transparent fees and a low minimum investment."
Pros
Simple and secure onboarding process through an intuitive and well-reviewed mobile app - start investing in 5 minutes Trade stocks from as little as $1 with zero commissions, plus Canadian fractional shares including Shopify and Royal Bank of Canada Attractive perks available for Premium and Generation clients, including airport lounge access, 15% off your will, and health plans Trade and stake digital coins on Canada's first regulated crypto platform and earn decent rewards of up to 4.6% per year Accessible educational resources, including Personal Finance 101 and an engaging proprietary online magazine Options trading available with flat $2 per contract pricing using any of the stocks and ETFs accounts	Multiple deposit and withdrawal options including wire transfer Good range of account types with different perks and fees Secure trading environment & login protocols Beginner-friendly mobile investing application Send money to 200+ countries Straightforward joining process 24/7 live chat support No inactivity charge
Cons
Only Canadian residents can join after operations ceased in the USA and the UK Limited to investing only in stocks, ETFs and cryptos High management fees compared to competition Long waiting time for non-instant deposits	Relatively narrow product range No advanced trading platform No margin trading
Awards
Best Financial Services Website - Webby Awards Top 100 Global Financial Technology Companies - Fintech 100
Instruments
Stocks, ETFs, Cryptocurrencies	Stocks, Cryptos
Demo Account
No	No
Minimum Deposit
$1	$0
Trading Platforms
Own	Own
Payment Methods
Credit Card Debit Card Mastercard Visa Wire Transfer	Wire Transfer, Direct Deposit, Revolut Transfer, Apple Pay, Mobile Check, Google Pay, Credit Card, Debit Card
Minimum Trade
$1	$1
Regulator
CIRO	FINRA, SEC
Margin Trading
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
Yes	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	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
Yes	Yes
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
Yes	No
Account Currencies
USD CAD	USD EUR GBP CAD AUD JPY ZAR SEK NOK DKK CHF HKD PLN CZK HUF
Stock Exchanges
Nasdaq New York Stock Exchange Toronto Stock Exchange	Nasdaq New York Stock Exchange
Commodities
Gasoline Gold Oil Silver
Cryptocurrency
Trade 50+ cryptocurrencies including Bitcoin and Ethereum with a competitive 1.5-2% fee per transaction. Investors also enjoy fast crypto transfers to and from Wealthsimple.	Invest in 100+ crypto tokens using 30+ fiat currencies. You can buy, sell and transfer cryptos on the iOS and Android app. We like that traders can also choose to round up leftover cash from card transactions in crypto and use their crypto balance to make card payments.
Spread
1.5 – 2% operational fee	2.5% commission for standard profiles
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	ZRX 1INCH AAVE ALGO AMP ANKR BNT BAND BAT BTC BCH ADA CTSI CELO LINK CHL COMP ATOM CRV MANA DOGE ENJ EOS ETH FIL RLC ICP KEEP KNC LTC LRC MATIC MIR NKN NU NMR OMG OXT OGN DOT SKL SOL XLM STORJ SUSHI SNX TRB XTZ GRT UMA UNI XRP YFI
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
	Revolut is a financial technology company. Banking services provided by Metropolitan Commercial Bank, Member FDIC. Securities products and services provided by Revolut Securities Inc, member FINRA/SIPC. Securities products are not insured by the FDIC or any federal government agency, are not bank deposits, are not obligations of or guaranteed by Metropolitan Commercial Bank and are subject to investment risks, including possible loss of the principal amount invested.
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Wealthsimple vs	Revolut vs