Quick Answer
- ✓ Wealthsimple: $0 commissions, FHSA, crypto, auto-invest, $25 bonus, no minimum
- ✓ RBC Direct Investing: $9.95/trade, RBC ecosystem integration, no FHSA, no crypto
- → Wealthsimple wins for new investors, cost-conscious investors, and anyone wanting FHSA or crypto
Full Feature Comparison
| Feature | Wealthsimple$25 Bonus | RBC Direct Investing |
|---|---|---|
| Stock trading fees | $0 | $9.95/trade |
| ETF trading fees | $0 | $9.95/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.
Why This Comparison Matters
The Fee Gap
RBC Direct Investing charges $9.95 per equity trade. Wealthsimple charges $0. If you make 12 trades per year, that's $119 saved — nearly five times the $25 signup bonus value.
FHSA Gap
RBC's direct investing platform does not offer the First Home Savings Account. Wealthsimple supports FHSA fully. If you're saving for a first home, this is a decision-making factor on its own.
When RBC Makes Sense
RBC Direct Investing makes sense if you're already an RBC customer who wants all financial accounts in one portal, or if you need access to an RBC financial advisor alongside your investments.
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