Introducing Wealthsimple Trade for iOS and Android.
Buy and sell thousands of stocks and ETFs
Unlimited commission-free trades on major Canadian and U.S. exchanges.
Trading made simple
No jargon. No paperwork. No account minimums. Sign up in minutes and trade.
We keep your money safe
Better-than-bank level security and accounts are CIPF protected up to $1,000,000.
Be the first to get Wealthsimple Trade
Frequently asked questions
What is Wealthsimple Trade?
Wealthsimple Trade is a stock-trading service that lets you buy and sell stocks and exchange-traded funds (ETFs) through a simple mobile app, with $0 commissions and no account minimums.
When will Wealthsimple Trade be available?
Wealthsimple Trade hasn't launched yet. Right now you can add yourself to the waitlist to get early access and you'll be invited to download the app based on your place in line. We can't make any promises on when exactly you'll be able to start using it, but you can keep tabs on your place in line anytime by checking the website.
Which financial products can I buy and sell using Wealthsimple Trade?
We support thousands of publicly-traded common stocks and exchange-traded funds (ETFs) listed on major Canadian and U.S. exchanges.
How is Wealthsimple Trade different from Wealthsimple?
Wealthsimple Trade is a brokerage that allows you to buy and sell stocks and ETFs with no trading commissions. Wealthsimple Trade is a self-directed platform and doesn't offer any financial advice or recommendations.
Wealthsimple is an automated investing service that manages your investments for you — including your RRSP and TFSA — using a personalized portfolio of low-fee exchange-traded funds. Wealthsimple also offers savings accounts and provides financial advice. If that's what you're looking for, please click here.
I'm new to investing. Should I use Wealthsimple or Wealthsimple Trade?
If you're looking to grow your savings over the long-term, a diversified, low-fee portfolio that is rebalanced regularly — like the ones Wealthsimple's automated investing offers — is the smartest way to do that. But that doesn't mean there's no place for buying and selling individual stocks — so long as it's done responsibly as part of a holistic financial plan.
How is Wealthsimple Trade different from the big banks and other discount brokerages?
Some important differences are that Wealthsimple Trade is completely mobile, charges no commissions on trades, and has no minimum balance. We use technology to drastically reduce our operating costs by eliminating the things that make traditional brokerages expensive — like bank branches, large teams, and legacy systems.
Wealthsimple Trade is simple, jargon-free, and human — everything Canadians have come to expect from Wealthsimple. Opening an account takes minutes, and mere seconds for existing Wealthsimple clients.
Wealthsimple Trade is a division of Canadian ShareOwner Investments Inc. and is similar to other brokerages in that it is a registered investment dealer and a member of the Investment Industry Regulatory Organization of Canada (IIROC).
Per Trade Commissions
$6.95 - $9.99
Per Trade Commissions
$6.95 - $9.99
How does Wealthsimple Trade have $0 commission trading when other brokerages charge up to $10/trade?
We're able to offer commission-free trades because we've built a low-cost, digital-first brokerage powered by technology. And executing trades actually costs very little for brokerages, so we don't think it's fair to charge our clients big trading commissions.
How does Wealthsimple Trade make money if there are no commissions?
Wealthsimple Trade makes money on currency exchange for US trades, and we plan on launching premium features in the future that will carry fees. Check out our fee schedule for more details.
How do Wealthsimple Trade's currency conversion fees compare to other brokerages?
Wealthsimple Trade charges a currency exchange fee for USD trades of the current market rate + 1.5% — most brokerages charge around 2% on top of the market rate for currency conversion. This currency exchange fee is the only fee we charge on trades. There are no commission fees, funds transfer charges, or other hidden fees.
In the future, we plan to offer USD accounts, which can allow clients who do a large volume of trading in USD to save on conversion fees.
Who is eligible for Wealthsimple Trade?
Wealthsimple Trade will be available in Canada only. In order to open a Wealthsimple Trade account, you must:
Be a Canadian citizen, Canadian resident, or have a valid Canadian visa
Be at least 18 years old
Have a valid Social Insurance Number
Have a Canadian address
How do I open a Wealthsimple Trade account?
All early-access users will receive specific instructions on how to download the app and open an account.
Opening an account should take only a few minutes and is done entirely from the mobile app. First you'll need to enter a few personal details so we can confirm your identity and comply with regulatory requirements. Then you'll link a bank account to Wealthsimple Trade, so you can fund your account and start trading. No paperwork required.
To sign up, you'll need to enter some or all of the following:
Social Insurance Number (SIN)
Date of Birth
Employment details (employer name, job title)
I have never used Wealthsimple before, can I still use Wealthsimple Trade?
Yes! Anyone who meets the eligibility criteria can use Wealthsimple Trade.
If I already have a Wealthsimple account, can I still use Wealthsimple Trade?
Absolutely! And we've made it really easy. If you're already a Wealthsimple client, you can open your Wealthsimple Trade account with just one tap.
Can I transfer my stocks and ETFs from my existing brokerage?
Not right now. Transfers of assets from other brokerages won't be supported at launch, but we hope to offer that feature soon.
If I already have a Wealthsimple account, can I transfer my assets to Wealthsimple Trade?
Not right now. Transfers between Wealthsimple and Wealthsimple Trade won't be supported at launch. We hope to make all stocks and ETF transfers available soon after we launch.
How does the invitation system work?
You can get early access to Wealthsimple Trade by entering your email on the homepage. Once you enter your email, you'll be given your place in line. You can move up the waitlist by sharing your custom link — every time someone joins using your link, you'll move higher up in the line.
Why is there an invitation system?
An invitation system lets us gradually add users who can test the app and provide feedback. This will help us iron out any kinks and make sure Wealthsimple Trade is a great experience when we launch publicly.
I'm on the waitlist! When will I be able to start trading?
We can't make any promises, but you can keep tabs on your place in line anytime by checking the website. When it's time for you to download the app, we'll send you an email to let you know.
How do I download the app?
The app is not currently available on the Apple App Store or the Google Play Store. People who are invited to try the beta will be given instructions on how they can download and set up the app.
Which account types will be supported?
At launch, Wealthsimple Trade will support cash (non-registered) accounts. We plan to support more account types in the future.
How many accounts can I open?
At launch, you'll be able to open one cash account. We plan to support multiple accounts per client in the future.
How is my account linked to my bank account?
You can connect your bank account directly from the Wealthsimple Trade app. We support nearly all Canadian banks. If you bank with RBC, TD, BMO, CIBC, Scotiabank, or Tangerine you'll be able to simply enter your online banking credentials to seamlessly and securely connect your bank account in seconds.
How do I fund my account?
Once you have your bank account connected, you can make a deposit to your Wealthsimple Trade account. You can set up a one-time deposit, or regular auto-deposits. There are no limits on deposits. It can take up to three business days for funds to clear and be available to trade.
How do I buy and sell a stock or ETF?
The Wealthsimple Trade app makes it really easy to buy and sell stocks and ETFs. You can search for stocks and ETFs by name or symbol directly in the app. After selecting a security, you can buy and sell directly from the app in a matter of seconds.
Can I make transactions by phone or email?
Wealthsimple Trade is a mobile app, and placing orders and making deposits and withdrawals is done through the app. If you're having trouble, contact our support team by emailing email@example.com.
How long does it take to withdraw funds from my account?
Withdrawals can take up to three business days. It takes up to two days for a security to clear and settle so the cash is available for withdrawal. Then it can take another day for the money to be deposited back into your bank account.
Does Wealthsimple Trade require me to maintain a minimum balance?
No! There is no minimum balance required and you can start trading with as little as $1.
What steps does Wealthsimple Trade take to protect my information?
Wealthsimple Trade uses state-of-the-art security and encryption to protect your data. We will never share or sell your information with anyone.
Are my assets safe with Wealthsimple Trade?
Wealthsimple Trade is a division of Canadian ShareOwner Investments Inc., a registered investment dealer and a member of Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF), which is standard for brokerages in Canada. Through the CIPF, our clients' accounts are protected for up to $1,000,000. More on the CIPF here.