Compare Vanguard vs Wealthsimple


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

Vanguard vs Wealthsimple
Overall
4.3
  • Some ETFs and mutual funds are free to trade
  • Easy account opening
  • Great mobile trading platform
  • Only US market covered
  • Basic research tools
  • High financing rates (margin rates)
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
3.6
  • No inactivity fee
  • Free ETF trading
  • Some mutual funds and bonds are free to trade with
  • "High margin rates
  • High fees for non-free mutual funds"
2.0
  • No deposit and withdrawal fees
  • High investment fees for basic services
  • Average investment fees for premium service.
Account opening
4.4
  • Fully digital
  • No minimum deposit
  • Low minimum deposit
  • Slow account opening
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
2.4
  • No deposit fee
  • User-friendly
  • Free withdrawal (via ACH)
  • Credit/Debit card not available
  • $10 for wire transfer withdrawals
4.0
  • No charge on withdrawals or deposits
  • Easy and convenient process
  • Three account base currencies
  • Only bank transfer is available
Investment platforms
3.0
  • Two-step (safer) login
  • Clear fee report on the web platform
  • Good search function on the mobile platform
  • Limited customizability of the web platform
  • No price alerts on the mobile platform
  • Options and bond trading are not available
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
2.0
3.0
Number of model portfolios Information not available 30
Can you set goals Information not available No
Can you change the risk Information not available Yes
Can you set the time horizon Information not available No
Can you set atarget amount Information not available No
Customer service
4.0
3.0
Recommended for Long-term investors who are looking for great ETF and mutual fund offers Canada, USA, and Great Britain residence
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