Wealthsimple | More is more
Depends
Confidence: Medium
Buy if you're Canadian and want one simple app for spending, trading, and hands-off investing.
New check
Comparison
Wealthsimple | More is more vs Questrade
Wealthsimple | More is more and Questrade both land on Depends.
Questrade
Depends
Confidence: Medium
Solid pick for Canadian self-directed investors who want $0 stock/ETF commissions and wide account types.
| Compare | Wealthsimple | More is more | Questrade |
|---|---|---|
| Verdict | Depends | Depends |
| Best for | Canadians wanting one money app | Passive Canadian ETF investors |
| Who it's not for | Non-Canadians . the service is Canada-only | US-based investors . this is a Canadian-focused platform |
| Privacy | One disclosed customer-data breach (Sept 2025); official security page exists, no other vulnerabilities in sources.³ | No public CVEs found; regulated Canadian broker with a conditional money-loss guarantee and one reported client cyber-loss incident.15 |
| Support quality | No evidence in sources reviewed | Recurring customer-service complaints on Trustpilot and Reddit. |
| Public sentiment | Redditors find Wealthsimple easier than rivals like Questrade and call fees fair, though some question robo returns and fee clarity.⁴ | Long-term users value $0 commissions for passive investing but frequently complain about customer service and secondary fees.13 |
| Biggest gotcha | September 2025 breach exposed customer information . use unique passwords and enable 2FA³ | Security guarantee reportedly has exclusions; read the fine print before relying on it. |
Pick Wealthsimple | More is more when
- Canadians wanting one money app
- Hands-off robo investors
- Beginner self-directed traders
- DIY tax filers
When Wealthsimple | More is more is not a fit
- Non-Canadians . the service is Canada-only
- Active traders needing margin and pro tools
- Investors wanting a human financial advisor
- Anyone unwilling to accept the Sept 2025 breach
Pick Questrade when
- Passive Canadian ETF investors
- Self-directed traders wanting options access
- RRSP/TFSA/corporate account holders
When Questrade is not a fit
- US-based investors . this is a Canadian-focused platform
- Beginners wanting the simplest possible app
- Active US-stock traders sensitive to FX fees
- Anyone needing fast, reliable customer support
Sources
- Wealthsimple | More is more (official site)wealthsimple.comofficial
- Wealthsimple product security pagewealthsimple.comofficial
- Wealthsimple Data Breach Exposes Customer Informationpaymentswrapup.comsecurity
- Wealth Simple or Questrade . Redditreddit.comreview
- Justwealth vs Wealthsimple . Redditreddit.comreview
- Robo Investing in 2025 . Redditreddit.comreview
- WealthSimple Invest fees . Redditreddit.comreview
review
- Dany Le Goaix on Wealthsimple fees . LinkedInlinkedin.comreview
- Top Alternatives to Wealthsimple . SimilarSiteSearchsimilarsitesearch.comnews
- Questrade Pricing & Feesquestrade.comofficial
- Questrade Review 2026: Pros & Cons . StockBrokersstockbrokers.comreview
- Trustpilot customer reviews of questrade.comtrustpilot.comreview
- Questrade client lost $70,000 in a cyber crime . Globe and Mailtheglobeandmail.comnews
- Questrade account security centrequestrade.comofficial