Wealthsimple Trade has many advantages like security, beginner-friendliness, 30+ coins and stock trading all in one app. However, the crypto account has very high fees and spreads. The total BTC purchase fee was 2.94% (15th place) and the BTC spread was 3.17% (17th place).
We recommend using WS Trade if you want to open a stock trading account or for buying crypto in your TFSA. However, we don’t recommend the crypto account because of its high fees. There are many crypto exchanges that are significantly cheaper and offer more coins (see alternatives).