Virtual Brokers vs Wealthsimple Comparison: 2024

About Virtual Brokers

About Virtual Brokers

Virtual Brokers is a Canadian Self-Directing Trading platform that offers many features to Canadian as well as Non-Canadian users. It was formed in 2009 and is a subsidiary of CI Investment Services, which is owned by CI Financial.

The platform caters to traders who prefer to perform high-frequency trades, at the same time allowing investors to invest in Stocks, Mutual Funds, Exchange Traded Funds, Bonds, etc at a low cost.

Virtual Brokers is the favorite solution for professional traders because of the wide range of trading products that it provides. Some of the most commonly used Desktop platforms are TraderLite, RealTick EMS, PowerTrader Pro, etc. We will look into them in a moment. Virtual brokers do not require any minimum balance, whereas brokers outside Canada have a minimum account Maintenance of $25,000 CAD. Being an international broker, you can trade in all the major North American markets. The platform is

About Wealthsimple

Canadians have got more new and better platforms for trading in recent years where the cost is lower and the interface and navigation becomes much more user-friendly. And the credit goes to rise in online brokers and robo advisors.

Let’s move on to the review of such an online broker Wealthsimple.

About Wealthsimple

Launched in September 2014 by Michael Katchen, Wealthsimple is an online Canadian broker offering you thousands of stocks and ETFs on the major Canadian and U.S. exchanges. A leading robo advisor is a fast growing fintech company in Canada.

The broker focuses largely on zero-commissions, no-account minimums, user-friendly interface and great mobile-trading experience. Therefore, you can make as many trades you want at just $0 as a commission.

Wealthsimple Trade is a part of Canadian ShareOwner Investments, a member of IIROC, CIPF, and is also a registered investment dealer. Therefore, Customer accounts are protected by CIPF in case the ShareOwner becomes