Early accessTo new tools
$0Crypto spreads
Priority supportSkip the line
$0Phone-in trades
Make 50 or more trades per month? You’ll unlock Active Trader status for even better pricing, personalized support, beta features, and so, so much more.
Meet your active trader benefits
Beta test our platform for a glimpse at what’s coming.
How we compare to other trading platforms. TLDR: our competition is no competition.
| Wealthsimple | Green bank | Royal blue bank | Green broker | |
|---|---|---|---|---|
| Commission fees | $0 | $9.99 | $9.95 | $0 |
| Equity options contract fees | $0 | $1.25 | $1.25 | $0.00–$0.99 |
| CAD margin rates | As low as 3.24% | 5.50% | 5.75% | 7.95% |
| USD margin rates | As low as 4.50% | 8.25% | 8.75% | 10.50% |
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FAQs
How big does my account need to be to earn Active Trader status?
How big does my account need to be to earn Active Trader status?
Active Trader status is earned by how often you trade in a month — not by how much money you have sitting in the account. Plenty of active traders run modest balances and simply trade frequently and intentionally.
You decide the size of every position. Starting smaller while you learn is a perfectly normal way in.
How do I qualify as an Active Trader?
How do I qualify as an Active Trader?
Easy! Trade 50 times a month, and you’ll unlock Active Trader benefits that same month. Any order counts, including stocks, options, and ETFs. Your status resets every calendar month.
Do my Active Trader benefits come with any fees?
Do my Active Trader benefits come with any fees?
The short answer: No. The long answer? Absolutely not. Active Trader status, and its benefits, are activated when you trade at least 50 times a month.
What are the actual Active Trader benefits?
What are the actual Active Trader benefits?
The TLDR: You get lower commissions, faster settlement, and advanced options trading.
Your specific benefits can vary by account type and region, and it’s worth checking your account settings for your region’s benefits. Most active traders enjoy advanced options strategies, priority customer service, and faster fund settlement.
What happens if I don’t hit 50 trades in a month?
What happens if I don’t hit 50 trades in a month?
You’ll need to turn in your Patagonia quarter zip. Just kidding! If you don’t hit 50 trades in a month, your status and benefits pause until you qualify again.
Active Trader is a monthly status — it isn’t a lifetime achievement. Maintain your trading rhythm, and your status shouldn’t change.
If I get Active Trader status, will I be staring at charts all day?
If I get Active Trader status, will I be staring at charts all day?
No. Unless you want to — we won’t judge. The important takeaway, here, is that trading cadence beats screen time. Being active is about trading on a regular rhythm, not watching every last tick. Plenty of traders have a morning and nightly routine and let alerts and watchlists handle the by-the-minute stuff.
What's the minimum account balance required?
What's the minimum account balance required?
We don’t ask for any minimum balance, but Pattern Day Trader rules may apply to you.
About those: If you make 4+ day trades in a 5-business-day period, you need at least $25,000 in your account to continue day trading. This is a regulatory requirement, not a Wealthsimple rule. If you aren’t a day trader, no minimum balance is needed.
