transfer
Receive 1% on eligible transfers of at least $25,000, up to $20,000
Publicly advertised with online registration; the terms also describe in-app, web-account, or representative invitations.
- Apply or enrol by
- No stated end date
Wealthsimple
Wealthsimple Self-directed Investing
Self-directed Canadian and U.S. stock and ETF trading with $0 commissions, optional USD accounts, and separate currency-conversion costs.
Cash admin fee$0
Canadian stocks$0 buy / $0 sell
U.S. stocks$0 buy / $0 sell
Standard tierStandard CAD self-directed trading account
Current promotions
Current offers
Brokerage context
Overview
Wealthsimple Self-directed Investing offers individual non-registered, TFSA, RRSP, and FHSA accounts without recurring administration or platform fees. Standard online purchases and sales of Canadian- and U.S.-listed stocks and ETFs have $0 commission, without a subscription, balance, activity, or trade-count condition.
Commission-free does not mean cost-free. A standard 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.
Eligibility facts
Standard account and commission facts
These facts describe the standard tier without relying on temporary promotions. Pass-through, foreign-exchange, service, and paid-tier costs appear below.
Individual accounts
- CASH
- Available · $0 recurring feeIndividual non-registered accounts are available as self-directed trading accounts. Individual non-registered trading accounts have no recurring account fee.
- TFSA
- Available · $0 recurring feeTFSAs are available as self-directed trading accounts. Self-directed TFSA trading accounts have no recurring account fee.
- RRSP
- Available · $0 recurring feeRRSPs are available as self-directed trading accounts. Self-directed RRSP trading accounts have no recurring account fee.
- FHSA
- Available · $0 recurring feeFHSAs are available as self-directed trading accounts. Self-directed FHSA trading accounts have no recurring account fee.
Standard online commissions
- Canadian Stock
- Buy $0 · sell $0Wealthsimple lists a $0 commission for Canadian listed securities without a subscription, balance, activity, or trade-count condition. Buy: Standard online purchases of listed Canadian stocks have $0 commission. Sell: Standard 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: Standard online purchases of listed Canadian ETFs have $0 commission. Sell: Standard 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: Standard online purchases of listed U.S. stocks have $0 commission; currency conversion can apply. Sell: Standard 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: Standard online purchases of listed U.S. ETFs have $0 commission; currency conversion can apply. Sell: Standard online sales of listed U.S. ETFs have $0 commission; currency conversion can apply.
Full inventory
Fees, access, platforms, and capabilities
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 standard $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 standard 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