Wealthsimple vs Revolut
Wealthsimple Review 2023 | Revolut Review 2023 |
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3.1
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3.1
Revolut is #22 in our broker rankings. |
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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 | |
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Cons | |
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Awards | |
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Instruments | |
Stocks, ETFs, Cryptocurrencies | Stocks, Cryptos |
Demo Account | |
No | No |
Minimum Deposit | |
$1 | $0 |
Trading Platforms | |
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Payment Methods | |
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 | |
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Stock Exchanges | |
Commodities | |
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 | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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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. | |
More Comparisons | |
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