Compare
Qtrade vs Wealthsimple
The same facts side by side. Swap a broker from the menu under its logo; the best value in each row is marked.
- Qtrade leads
- 0
- Wealthsimple leads
- 3
- Level
- 4
Of 7 scored facts, Qtrade leads on 0, Wealthsimple on 3, and 4 are level. Countries and the offer are not scored.
Head-to-head
The best value in each row is marked; rows where every broker matches carry no mark.| Fact |  Qtrade |  Wealthsimple |
|---|---|---|
| Fee per contract | $0.75 per contract | US$0 per contractBest |
| Qtrade, Exercise uses representative-assisted schedule | Wealthsimple, Index contracts and FX priced separately | |
| Exercise and assignment | Exercise Representative rate; $45 minimum, assignment $30 | Free |
| Approval | Naked | Naked |
| Qtrade, Up to naked short options | Wealthsimple, Up to naked short options | |
| 0DTE | Not published | Yes |
| Index options (SPX) | Yes | Yes |
| Options on futures | Not published | Not published |
| Spreads in an IRA | No | No |
| Portfolio margin | Not published | Not published |
| Margin rate | Not published | 4.95% |
| Platforms | Web, Mobile | Web, Mobile |
| Paper trading | Not published | Not published |
| 24/7 support | No | YesBest |
| Countries | Canadian residents only | Canadian residents only |
| QuantWheel | Not connected | Trade & SyncBest |
| Wealthsimple, Reads the account and places the orders you approve | ||
| Offer |
Facts from each broker's fee schedule and options agreement, checked 8 October 2026. Best marks the lowest cost or the widest allowance in a row.
The two brokers
One paragraph each.Qtrade$0.75 per contract · Exercise Representative rate; $45 minimum, assignment $30 · naked
Qtrade opens options accounts for residents of Canada only. It charges $0.75 per contract (Exercise uses representative-assisted schedule). Exercise costs Representative rate; $45 minimum, and assignment costs $30. It approves up to naked short options. It trades on Web, Mobile. It is not connected to QuantWheel.
WealthsimpleUS$0 per contract · free exercise · naked
Wealthsimple opens options accounts for residents of Canada only. It charges US$0 per contract (Index contracts and FX priced separately). Exercise and assignment are free. It approves up to naked short options. It trades on Web, Mobile. QuantWheel syncs positions and trades from the account and suggests; with Trade & Sync the orders you approve go to the broker from QuantWheel.
What each costs for the way you trade
A year of fees from each broker's published prices, checked 7 and 8 October 2026.
- Qtrade$5.55 a trade, 4.6% of your premium, fee not published
- $533 a year
- Wealthsimple$0.00 a trade, under 0.1% of your premium
- $0.00 a year
at least $533 a year less at Wealthsimple
Not counted because Qtrade does not publish them: clearing fee, options regulatory fee, SEC fee, live options quote price, inactivity fee. Not counted because Wealthsimple does not publish them: clearing fee, options regulatory fee, SEC fee, FINRA trading activity fee.
Estimates from published fees. Your broker statement can differ, and brokers change fees. A fee a broker does not publish is never counted as $0.
Questions people ask
Qtrade vs Wealthsimple