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
Online brokerage
Wealthsimple
Self-directed Canadian and U.S. stock and ETF trading with $0 commissions, optional USD accounts, and separate currency-conversion costs.
Canadian stocks$0 buy / $0 sell
U.S. stocks$0 buy / $0 sell
Current promotions
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