Quick Answer
- ✓ Wealthsimple: $0 commissions, FHSA, crypto, fractional shares, $25 bonus, no minimum
- ✓ CIBC Investor's Edge: $6.95/trade (lower than TD/RBC), CIBC ecosystem, no FHSA, no crypto
- → Wealthsimple wins on price, features, and accessibility for new investors
Full Feature Comparison
| Feature | Wealthsimple$25 Bonus | CIBC Investor's Edge |
|---|---|---|
| Stock trading fees | $0 | $6.95/trade |
| ETF trading fees | $0 | $6.95/trade |
| Account minimum | $0 | $0 |
| Mobile app quality | ||
| Ease of use | ||
| TFSA | ✓ | ✓ |
| RRSP | ✓ | ✓ |
| FHSA | ✓ | ✗ |
| Crypto trading | ✓ | ✗ |
| Fractional shares | ✓ | ✗ |
| Auto-invest / robo | ✓ | ✗ |
| Human advisors | ✓ | ✓ |
| CIPF protected | ✓ | ✓ |
| CDIC eligible | ✓ | ✓ |
| Referral bonus | $25 CAD | None |
Data sourced from public platform pages. Verified May 2026. Fees subject to change.
Key Differences
Fees: $0 vs $6.95
CIBC Investor's Edge is one of Canada's cheaper bank brokerages at $6.95/trade. But Wealthsimple still charges $0. For 20 trades per year, that's $139 saved — more than five times the referral bonus.
Missing Features
CIBC Investor's Edge does not support FHSA, crypto trading, fractional shares, or auto-investing. Wealthsimple supports all four. These aren't marginal differences — they represent entire investing strategies.
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