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Online brokerage

Wealthsimple

Self-directed Canadian and U.S. stock and ETF trading with $0 commissions, optional USD accounts, and separate currency-conversion costs.

Visit official website About Wealthsimple

At a glance

Canadian stocks
$0 buy / $0 sell
U.S. stocks
$0 buy / $0 sell

Current promotions

Investing · Wealthsimple online brokerage

Receive a 1% match, or up to 3% while meeting Active Trader conditions, on eligible transfers of at least $25,000

Apply or enrol byNo stated registration deadline

Overview

Wealthsimple offers individual non-registered, TFSA, RRSP, and FHSA trading accounts without recurring administration or platform fees. Regular online purchases and sales of Canadian- and U.S.-listed stocks and ETFs have $0 commission.

Commission-free does not mean cost-free. A CAD account converts money for U.S.-listed trades using Wealthsimple Investments Inc.'s corporate exchange rate plus a 1.5% conversion fee on each filled purchase or sale. An optional USD account avoids conversion on each U.S. trade, but Core clients normally pay $10 plus tax monthly; it is included at the asset-based Premium and Generation tiers. Fund expenses and other product-specific, regulatory, exchange, or service costs can also apply.

The platform supports eligible fractional shares, recurring investments, dividend reinvestment, stock lending, extended-hours trading, real-time quotes, alerts, web access, and mobile access. Margin is a separate non-registered account with tier-dependent CAD and USD borrowing rates.

Accounts are carried by Wealthsimple Investments Inc., a CIRO member. Customer accounts are protected by CIPF within specified limits if the dealer becomes insolvent; CIPF does not protect against investment losses.

Regular pricing and account fees

These are the regular online rates, excluding temporary promotions. Other account fees, currency conversion costs, service charges, trading fees and paid plans are covered below.

Account availability and recurring fees

Non-registered cash
Available · $0 account feeIndividual non-registered accounts are available as self-directed trading accounts. Individual non-registered trading accounts have no recurring account fee.
TFSA
Available · $0 account feeTFSAs are available as self-directed trading accounts. Self-directed TFSA trading accounts have no recurring account fee.
RRSP
Available · $0 account feeRRSPs are available as self-directed trading accounts. Self-directed RRSP trading accounts have no recurring account fee.
FHSA
Available · $0 account feeFHSAs are available as self-directed trading accounts. Self-directed FHSA trading accounts have no recurring account fee.

Regular online commissions

Canadian Stock
Buy $0 · sell $0Wealthsimple lists a $0 commission for Canadian listed securities. Buy: Regular online purchases of listed Canadian stocks have $0 commission. Sell: Regular online sales of listed Canadian stocks have $0 commission.
Canadian Etf
Buy $0 · sell $0The listed-securities commission applies to both stocks and ETFs; issuer fund expenses can still apply. Buy: Regular online purchases of listed Canadian ETFs have $0 commission. Sell: Regular online sales of listed Canadian ETFs have $0 commission.
Us Stock
Buy $0 · sell $0Commission is $0, but CAD accounts normally convert currency at the corporate exchange rate plus a 1.5% conversion fee. Buy: Regular online purchases of listed U.S. stocks have $0 commission; currency conversion can apply. Sell: Regular online sales of listed U.S. stocks have $0 commission; currency conversion can apply.
Us Etf
Buy $0 · sell $0Commission is $0, while FX costs and issuer fund expenses remain separate. Buy: Regular online purchases of listed U.S. ETFs have $0 commission; currency conversion can apply. Sell: Regular online sales of listed U.S. ETFs have $0 commission; currency conversion can apply.

Other fees and features

Accounts and tiers

Self-directed account types
Non-registered, TFSA, FHSA, RRSP, spousal RRSP, RRIF, LIRA, LIF, RESP, and BusinessThe account list is for trading accounts; managed and savings versions are separate offerings.
Client status tiers
Core, Premium at $100,000, and Generation at $500,000 in qualifying assets or net depositsHigher tiers add benefits but do not change the regular $0 stock commission.
USD account
$10 plus tax monthly for Core; included with Premium and GenerationThe optional USD account avoids per-trade conversion of U.S.-listed securities; it is not required for regular CAD-account trading.

Minimums and recurring fees

Account minimum
$0
Trading-account recurring fee
$0
Inactivity fee
$0
Account opening and closing
$0

Service and transfer fees

Incoming transfer fee reimbursement
Automatically reimbursed for institutional transfers of at least $25,000Wealthsimple reimburses the administrative transfer fee after the qualifying transfer lands; policy conditions apply.
EFT deposits and withdrawals
$0
Institutional transfer out
$0
Instant withdrawal
2.5%
Security journalling
$9.95
Paper statement
$20
Voluntary corporate action or election
$50
Broker-assisted phone trade
$45; waived for Active Traders
Certificate withdrawal
$250
Approved manual wire transfer
$30

Investments and trading costs

Listed Canadian and U.S. securities commission
$0
Equity and ETF options contracts
US$0 per contract; US$45 early exercise and do-not-exercise instruction feesIndex options have separate per-contract charges, and assignment and automatic exercise are $0.
Futures
US$1 per contract plus US$0.02 NFA fee and variable exchange fees
Precious metals
1% per buy or sell order; redemption-provider fees can apply
Fund expenses
Issuer MERs and other embedded fund expenses can apply

Foreign exchange and currency

CAD-account U.S. security conversion
WSII corporate exchange rate plus 1.5% on each filled purchase or sale requiring conversion
USD-account cash conversion
1.5% below $10,000; 1.0% from $10,000; 0.5% from $25,000; 0% from $100,000
U.S. security trades in a USD account
No currency-conversion fee when settled from the USD account

Markets

Listed equity markets
Thousands of stocks and ETFs on major Canadian and U.S. exchanges
Extended-hours trading
Available for supported securities, including a 24-hour U.S. market session

Trading features

Fractional shares
Available for eligible stocks and ETFs
Recurring investments
Weekly, biweekly, or monthly purchases for eligible securities
Dividend reinvestment
Available for eligible dividends and securities
Stock lending
Optional; client receives 50% of generated lending income and pays no participation fee

Platforms and market data

Platforms
Wealthsimple mobile app and web
Real-time quotes
Real-time streaming quotes included
Price alerts
Security price-movement and target alerts included

Orders and research

Equity order controls
Market, limit, stop-market, fractional market, and supported extended-hours orders
Research tools
Watchlists, price alerts, charts, earnings information, and technical-analysis tools

Margin

Margin account
Individual non-registered CAD and USD margin account available
Core margin interest
CAD prime plus 0.5% and USD prime plus 0.5%; calculated daily and posted monthly
Premium and Generation rates
Premium pays prime; Generation pays prime minus 0.5% in each currency

Custody and protection

Dealer and custodian
Wealthsimple Investments Inc.
Regulation
Canadian Investment Regulatory Organization member
Investor protection
Customer accounts are protected by CIPF within specified limits if WSII becomes insolvent