Compare Betterment vs Wealthsimple


Online brokers compared for fees, trading platforms, safety and more. See how Betterment stacks up against Wealthsimple!

Betterment vs Wealthsimple
Overall
5.0
  • Low investment and non-investment fees
  • Great portfolio personalization options, many model portfolios
  • Easy and fully digital account opening
  • Missing fee reports on the investment platforms
  • Only bank transfer is available for deposit and withdrawal
  • Only USD-based accounts
4.0
  • Great investment platforms
  • CAD, USD, and GBP-based accounts
  • Easy and fast account opening
  • High investment fees
  • Limited options to customize your investment goals
  • Slow email and telephone support
Fee
5.0
  • Low investment fees both for basic and premium services
  • No deposit and withdrawal fees
2.0
  • No deposit and withdrawal fees
  • High investment fees for basic services
  • Average investment fees for premium service.
Account opening
5.0
  • Fast and fully-digital account opening process
  • Low minimum investment amount ($1)
  • Available only in the USA
4.0
  • User-friendly and fully digital account opening.
  • The minimum investment amount is $1
  • You can choose from a lot of account types.
  • The account verification took a bit longer, ~2-3 business days
Deposit and withdrawal
3.0
  • Doesn't charge fees for withdrawals or deposits
  • The whole process is easy and convenient
  • You can use only bank transfer
  • Only USD base currency is available for investing
4.0
  • No charge on withdrawals or deposits
  • Easy and convenient process
  • Three account base currencies
  • Only bank transfer is available
Investment platforms
4.0
  • Clear structure and user-friendly layouts
  • Two-step authentication
  • No clear fee report
5.0
  • Both web and mobile investment platforms are available
  • They have a clear structure and user-friendly layouts
  • Two-step authentication
  • Great reports
  • Available only in English
Product offer
5.0
3.0
Number of model portfolios 400 30
Can you set goals Yes No
Can you change the risk Yes Yes
Can you set the time horizon Yes No
Can you set atarget amount Yes No
Customer service
4.0
3.0
Recommended for Beginners and investors looking for low initial investment requirement and great flexibility for a moderate price Canada, USA, and Great Britain residence
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