Is Wealthsimple available in the US? Alternatives for 2026

Founded in 2014, Wealthsimple is a well-known Canadian fintech firm that serves as a robo-advisor and investment platform. It is a popular choice for people wishing to start investing or manage their money more wisely thanks to its user-friendly interface, affordable fees, and accessibility.

Users set their financial objectives, risk tolerance, and investment preferences, and Wealthsimple automatically allocates their funds across a range of exchange-traded funds (ETFs) based on these criteria.

In this article, we uncover Wealthsimple’s availability in the US and provide the best alternatives.

Is Wealthsimple available in the US?

Unfortunately, Wealthsimple is no longer available in the US — it is exclusively available to Canadian residents.

According to its website, “To open a Wealthsimple account, you must be a resident of Canada. Wealthsimple is not licensed to hold accounts for individuals residing outside of Canada, including Canadian citizens living abroad”.

Wealthsimple launched in the US in January 2017, offering a zero-commission stock and ETF trading account. However, in 2021 it sold its US book of business to Betterment to focus solely on the Canadian market. CEO Mike Katchen has said Wealthsimple’s ambitions remain beyond Canada, but no US expansion plan is outlined for now.

Wealthsimple’s alternatives in the US

If you’re a US investor looking for the low-cost, automated investing that made Wealthsimple popular, here are the best alternatives available in the US — starting with the most flexible, low-cost options.

eToro (Best for low-cost DIY investing & copy trading)

eToro is a multi-asset platform offering commission-free stocks and ETFs, plus options and crypto, all in one app. Its standout feature is copy trading, which lets you automatically mirror the portfolios of other investors — a hands-off alternative to a traditional robo-advisor. There are no management or account fees (other fees apply). You can open an eToro account here.

M1 Finance (Best for automated DIY portfolios)

M1 Finance lets you build custom portfolios called “Pies”, set your target allocations, and then automatically invests and rebalances every deposit for you — the closest thing to a self-directed robo-advisor. There’s no management fee (a $3/month platform fee applies to balances under $10,000), and you can start from $100. M1 is US-only.

Betterment (Best classic robo-advisor)

Betterment is the largest independent US robo-advisor — and the platform that acquired Wealthsimple’s US clients in 2021, making it the most natural successor. It builds and manages a diversified ETF portfolio for you, with automatic rebalancing and tax-loss harvesting, for 0.25% per year (or $4/month on smaller balances) and no minimum to start.

Wealthfront (Best for hands-off automation & cash)

Wealthfront offers fully automated, diversified portfolios with tax-loss harvesting for 0.25% per year, plus a popular high-yield cash account. It requires a $500 minimum to start investing and is a strong pick for set-and-forget investors who also want competitive interest on their cash.

Acorns (Best for beginners & round-ups)

Acorns is built for new investors: it rounds up your everyday purchases and invests the spare change into expert-built ETF portfolios automatically. It runs on a flat subscription (from $3 to $12 per month depending on the plan) with no minimum balance, making it an easy way to start investing small amounts.

Here’s a quick comparison of the top Wealthsimple alternatives in the US:

Final thoughts

While Wealthsimple itself is no longer available in the US, investors have plenty of strong alternatives. For low-cost, flexible investing, eToro and M1 Finance stand out; for a classic hands-off robo-advisor, Betterment (which took over Wealthsimple’s US clients) and Wealthfront are excellent; and Acorns is great for beginners.

For more options, see our guide to the cheapest robo-advisors in the US and, if you’re outside the US, our Wealthsimple alternatives in the UK guide.

We hope this article helped you find a US alternative to Wealthsimple that fits your investment approach.

Other FAQs about Wealthsimple in the US

Can I use Wealthsimple from the US with a VPN?

No, you cannot use a VPN to open a Wealthsimple account from the US, since you must provide documentation proving that you reside in Canada when opening an account.

Can I use my Wealthsimple Card outside Canada?

Yes, you can use your Wealthsimple card while traveling (with a few exceptions and fees from Mastercard).