Wealthsimple Trade vs TD Direct Investing

Updated 4 Aug 2022

Wealthsimple Trade
TD Direct Investing
 
Description
With its powerful financial tools, Wealthsimple can be considered one of the leading robo advisors in Canada.Whether you're getting started, prefer to work with an experienced professional, or want to invest for yourself not by yourself, TD is ready to help you make the right decisions.
Basics
Account Funding Options
Bank transferCheck, Electronic bank deposit, Physical stock certificates, Wire transfer
Advisory Services
YesYes
Apps
Android, iOSAndroid, iOS
Company Founded
20141855
Company Headquarters
Toronto, CanadaToronto, Canada
Minimum Age
18 years18 years
Minimum Deposit
$0.00$0.00
Minimum Trade
$0 (Basic account)No minimum trade required
Regulator
IIROC, FCACIPF, IIROC
Signup Bonus Gift
Get a free stock when you open and fund your account. Terms and Conditions apply.None
Trading
Copy Trading
NoYes
Crypto Trading
YesNo
cTrader Trading
NoNo
ETF Trading
YesYes
Forex Trading
NoNo
Fractional Share Trading
YesNo
Futures Trading
NoNo
International Markets Trading
YesYes
MetaTrader 4 Trading
NoNo
MetaTrader 5 Trading
NoNo
Mutual Funds Trading
NoYes
Options Trading
NoYes
OTCBB / Pink Sheets
NoYes
Paper Trading
YesYes
Penny Stock Trading
YesYes
Social Trading
NoNo
Stock Trading
YesYes
Tradable Assets
Cryptocurrencies, ETFs, StocksBonds, ETFs, Fixed Income, FOREX, Futures, Mutual Funds, Options, Stocks
Tradable Markets
NASDAQ, NYSE, TSXNASDAQ, NYSE, TSX
Fees
Broker Assisted Trades Fee
$45.00$43.00
Brokerage Fee
$0.00$9.99
Domestic Wire Transfer Fee
$30.00$30.00
ETF Trade Fee
$0.00$9.99
Funds Withdrawal Fee (Partial)
$0.00$150.00
Funds Withdrawal Fee (Full)
$0.00$150.00
International Wire Transfer Fee
$30.00$30.00
Mutual Fund Trade Fee
N/A$0.00
Options (Base Fee)
N/A$9.99
Options (Per Contract Fee)
N/A$1.25
Paper Confirmation Fee
N/AN/A
Paper Statement Fee
$20.00$2.00
Returned Wire Fee
N/A$48.00
Spread
N/AN/A
Stock Certificate Delivery Fee
N/A$56.50
Stock Certificate Processing Fee
N/A$500.00
Stock Trade Fee
$0.00$9.99
Order types
Order Type (Contingent)
NoNo
Order Type (Limit)
YesYes
Order Type (Market)
YesYes
Order Type (One Cancels The Other)
NoNo
Order Type (One Triggers and One Cancels The Other)
NoYes
Order Type (Stop)
NoYes
Order Type (Trailing Stop)
NoYes
Customer service
24/7 Support
YesNo
Email Support
YesYes
Live Chat Support
YesNo
Phone Support
YesYes