Head to head
Tiger Brokers vs Wealthsimple Trade — which broker is better?
Tiger Brokers or Wealthsimple Trade? Fees, regulation, platform and product range compared side by side — with a verdict drawn from the data.
Risk warning: CFDs and leveraged products are complex instruments and come with a high risk of losing money rapidly. Investments can fall in value. Past performance is not an indicator of future results.
Tiger Brokers
A Nasdaq-listed multi-market app broker licensed in Singapore, Hong Kong and Australia, with a long product list and a regulatory record in mainland China that belongs in the decision.
- Stocks (per order)
- 0.06 %
- Minimum deposit
- None
- 5,000 order
- €3
Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.
Wealthsimple Trade
The best consumer app in Canadian finance, and the first broker in the country to make equity options genuinely free.
- Stocks (per order)
- Free
- Minimum deposit
- None
- 5,000 order
- €0
Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.
Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.
The verdict in numbers
Four decision axes, each derived from the recorded data.
Overall both land on 4.1 out of 5. Wealthsimple Trade is the cheaper of the two: a reference EUR 5,000 stock order costs €0.00 there against €3.00. Tiger Brokers scores 78 against 69 out of 100 on the group index. Your account's protection depends on its legal entity. Tiger Brokers covers more ground with 10 of 14 asset classes against 7. On platform and app Tiger Brokers is ahead, 4.4 against 4.3 out of 5. Which one is right depends on which of these axes matters for your trading profile.
- Tiger Brokers
- 4.1
- Wealthsimple Trade
- 4.1
- Tiger Brokers
- €3.00
- Wealthsimple Trade
- €0.00 — Better
- Tiger Brokers
- 78 of 100
- Wealthsimple Trade
- 69 of 100
- Tiger Brokers
- 10/14 — Better
- Wealthsimple Trade
- 7/14
- Tiger Brokers
- 4.4 — Better
- Wealthsimple Trade
- 4.3
Compare brokers side by side
Up to four brokers at once — every row a decision point.
Data as of: 02 Nov 2026
| Criterion | Visit broker Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money. | Visit broker Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money. |
|---|---|---|
| Overall score | 4.1 | 4.1 |
| Group index | 78 of 100 | 69 of 100 |
| Best for | Singapore investors using CDP, CPF or SRSMulti-market stock and options traders in Asia-PacificHong Kong residents who want stocks and crypto in one appFutures traders on CME, HKEX and SGX | App-first Canadian investorsOptions sellers and covered-call writersConsolidating banking, investing and cryptoRegistered account investing (TFSA, RRSP, FHSA)Investors holding cash between trades |
| Regulation | MASSFCASIC | CIRO |
| Top-tier licences | 3 — Better | 1 |
| Investor protection | US$500,000 | CA$1,000,000 — Better |
| Listed group | Yes | No |
| Banking licence | No | No |
| Segregated client accounts | Yes | Yes |
| Negative balance protection | No | No |
| Audited financials | Yes | Yes |
| Disclosed regulatory actions | 2 | None |
| Founded | 2014 | 2014 |
| Headquarters | Singapore, SG | Toronto, CA |
| Fees | 4.0 | 4.5 — Better |
| Safety & regulation | 3.9 | 4.2 — Better |
| Trading platform | 4.3 — Better | 3.8 |
| Product range | 4.3 — Better | 3.6 |
| Mobile app | 4.4 | 4.8 — Better |
| Research | 4.0 — Better | 3.2 |
| Customer support | 3.6 | 3.7 — Better |
| Deposit & withdrawal | 4.0 | 4.3 — Better |
| Account opening | 4.3 | 4.8 — Better |
| Education | 3.6 | 3.6 |
| Reference order EUR 5,000 | €3.00 | €0.00 — Better |
| Minimum deposit | None | None |
| Stocks (per order) | 0.06 % | Free |
| US stocks | US$0.01/share | Free |
| ETFs | 0.06 % | Free |
| Options | US$0.65 | Free — Better |
| Futures | US$2.99 | US$1 — Better |
| Crypto | 0.05 % — Better | 0.5 % |
| Bonds (order) | 0.12 % | n/a |
| Funds (order) | Free | n/a |
| EUR/USD spread | n/a | n/a |
| Index CFD spread | n/a | n/a |
| FX conversion | n/a | 1.5 % |
| Inactivity fee | n/a | None |
| Custody fee | None | n/a |
| Withdrawal fee | free | free |
| Deposit fee | free | free |
| Overnight financing | n/a | n/a |
| Other fees |
|
|
| Asset classes (of 14) | 10 — Better | 7 |
| Exchanges | n/a | n/a |
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| Forex | No | No |
| CFDs | No | No |
| Crypto | Yes | Yes |
| Bonds | Yes | No |
| Funds | Yes | No |
| Commodities | Yes | Yes |
| Indices | Yes | Yes |
| Warrants | Yes | No |
| Spread betting | No | No |
| Social trading | No | No |
| Crypto access | Broker, real coins; coins to your own wallet: only for certain coins | Broker, real coins; coins to your own wallet: possible |
| Platforms | Tiger Trade appTiger Trade desktopTiger Open Platform (API) | Wealthsimple mobile appWealthsimple webActive trading dashboard |
| Demo account | Yes | No |
| Fractional shares | Yes | Yes |
| Maximum leverage | 1:4 | 1:3 |
| Account opening | Fully online in the Tiger Trade app or on the website; Singpass in Singapore (accounts opened within 1–3 business days); in Hong Kong the initial deposit must come from a Hong Kong licensed bank account for verification | Fully digital in roughly three minutes, with no minimum balance; the Core tier starts at CAD 1 |
| Account types | Cash account (Singapore)Margin account (Singapore)Cash Boost Account (Singapore)Demo accountVirtual asset account (Hong Kong) | CorePremiumGenerationRegistered accountsMargin account |
| Payment methods | Bank transferWise | Bank transferCrypto |
| Account currencies | SGDUSDHKDAUDEUR | CADUSD |
| Deposit time | Singapore: SGD by DDA from DBS/POSB in about 5 minutes; SGD by FAST from 15 minutes during business hours; other currencies 1–2 business days; from banks outside Singapore 1–3 business days | Electronic transfers credit instantly up to CAD 50,000 on Core and up to CAD 250,000 on Premium and Generation, with each client's actual limit depending on deposit history, net deposits and other factors; bank transfers otherwise 1–3 business days |
| Withdrawal time | Singapore: review of 1–2 business days, then 1–3 business days by FAST, MEPS, FPS or telegraphic transfer | 1–3 business days by EFT, or instant for a 2.5% fee |
| Free withdrawals | n/a | n/a |
| Languages | EnglishChinese | EnglishFrench |
| Channels | PhoneEmailLive chatWhatsApp | PhoneEmailLive chat |
| Availability | Singapore: phone weekdays 08:30–18:30 SGT, online chat and WhatsApp weekdays 08:30 to 05:00 the next day. Hong Kong: phone weekdays 09:30–18:30 HKT, online chat weekdays 09:30 to 05:00 the next day | In-app live chat around the clock; phone on 1-855-255-9038, with priority routing (phone pickup under a minute, email under four hours) for active traders and higher tiers |
Strengths and weaknesses side by side
Editorial assessment based on the recorded data.
Tiger Brokers
A Nasdaq-listed multi-market app broker licensed in Singapore, Hong Kong and Australia, with a long product list and a regulatory record in mainland China that belongs in the decision.
Pros
- At Tiger Brokers Singapore, one Tiger Trade account reaches US, Hong Kong, Singapore, China A-share (Stock Connect) and Australian stocks, plus US and HK options, futures, US Treasuries and over 1,500 funds
- Low SGX pricing at Tiger Brokers Singapore: 0.03% commission plus a 0.03% platform fee (minimums SGD 0.99 and SGD 1), and the SGD 2 quarterly SGX custody fee is waived until further notice
- Licensed group companies in Singapore (MAS), Hong Kong (SFC, CE BMU940) and Australia (ASIC, AFSL 300767) under a Nasdaq-listed parent (TIGR)
- Singapore-specific features: the Cash Boost Account with CDP, CPF and SRS linkage, Singpass onboarding and no minimum deposit
- Free US Level 2 data (NYSE ArcaBook) and a free demo account with USD 1 million in virtual funds
- Auto-invest from USD 2 in US stocks and ETFs, HKD 500 in HK stocks and SGD 100 in SGX stocks, daily to monthly (SGX plans on the 1st and 15th of each month)
- Hong Kong clients can trade BTC, ETH, SOL, AVAX and LINK as retail investors under the SFC licence, with on-chain deposits and withdrawals for BTC and ETH (USDT for professional investors only)
Cons
- China's CSRC Beijing Bureau imposed penalties and confiscations of about RMB 411 million (about USD 59.7 million) on group subsidiaries on 22 May 2026, after an earlier CSRC finding of unlicensed cross-border business reported in January 2023
- US shares are not commission-free in Singapore: USD 0.005 per share commission plus USD 0.005 per share platform fee (minimums USD 0.99 and USD 1 per order) plus a USD 0.003 per share settlement fee
- The New Zealand company is registered as a client money and property service provider but states that it is not licensed by a New Zealand regulator
- Prices, products and protection differ by entity, and some advertised prices (the HK commissions for targeted participants, the US option coupon plan) are time-limited promotions or need activation
- Moving holdings out of Tiger Brokers (HK) costs USD 150 per US stock and HKD 500 per Hong Kong stock, and neither the Singapore nor the Hong Kong pages we read state what currency conversion costs
Best for
Wealthsimple Trade
The best consumer app in Canadian finance, and the first broker in the country to make equity options genuinely free.
Pros
- CAD 0 commission on Canadian and US stocks and ETFs, plus USD 0 per US-listed equity and ETF options contract on every tier, including free assignment
- Futures at USD 1 per contract with free real-time futures market data — no Canadian competitor matches that combination
- CAD 0 to transfer your account out, where Questrade, Qtrade and the banks all charge CAD 150
- Best-rated broker app in Canada at 4.6 on the App Store across roughly 130,000 ratings, with real-time streaming quotes free to everyone
- 24/5 trading on eligible US stocks and ETFs and 24/7 on gold and crypto — the longest trading hours available in Canada
- Margin priced by total loan size, from 5.70% CAD under CAD 10,000 down to 3.24% from CAD 10 million, below the big banks' standard margin rates
- CIRO-regulated with CIPF coverage of CAD 1,000,000 per account category, backed by Power Corporation of Canada with a 52.4% stake
- Interest on chequing balances of 1.25% to 2.25% by tier, against effectively 0% on idle cash at most brokers
Cons
- The 1.5% CAD/USD conversion is the same as Questrade's. A USD account (CAD 10 a month on Core, free on Premium from CAD 100,000) removes it on the US trades themselves but not on the CAD you convert into it, which still costs 1.5% per transaction under CAD 10,000 and falls to 0% only from CAD 100,000; journalling at CAD 9.95 is the other way round it
- Crypto costs a flat 0.5% per trade plus a market-order spread for anyone without Active Trader status (50+ trades a month), every crypto order under CAD 100 carries a CAD 1 surcharge, and the 0% fee needs CAD 15 million of 30-day volume; staking takes 30% of rewards before validator fees
- No bonds, no GICs and no mutual funds anywhere in the self-directed account, so a fixed-income allocation has to be built entirely from ETFs
- No desktop platform, no Level 2 depth, no API and no paper-trading account; the research stack is news and basic charts rather than screeners and analyst coverage
- The crypto assets themselves sit outside CIPF protection and are held in trust instead — only the cash balance in a crypto account is covered, and the cold-storage insurance cited is USD 75 million per custodial partner, not per client
- Meaningful benefits are gated behind CAD 100,000 and CAD 500,000 balances, so the sticker price a small account actually pays is the least attractive version of the offer
Best for
Open an account with either
A demo account costs nothing and answers the platform question in ten minutes.
Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.
Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.
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