Wealthsimple Trade Or Questrade: Which One Is The Best According To Reddit

The best answer probably comes from Redditor r/Quebec:

“I guess it all depends on your style of trading and you[r] situation.

Do you plan on strictly following a Canadian Couch Potato portfolio? WST is basically awesome, free, easy to use, nice on the eye, etc...

Do you plan on trading with some US equities and/or ETF? Questrade is probably better, as it allows you to have an USD part in your account, which means you don't have to pay exchange fees each time you make a transaction, but the learning curve is steeper.

Do you plan on being a more active trader, using options/futures, trading on other international markets, or trading on margin? Interactive Brokers would then be much more interesting with lower fees, although it's more expensive for small portfolios (< US$ 100k) if your just buying and holding, and the learning curve is steeper than Questrade.

I have my personal accounts with WST and Questrade as they fulfill my needs, and my corporate account with IBKR as it allows me to get cheaper currency exchange when working with European clients.”

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