Wealthsimple: Commission-free stock trading (2024)

Build your own portfolio with thousands of stocks, ETFs, and options — all on our powerful, yet easy-to-use trading platform.

Start trading

Self-directed trading that earns you more

Low fees, more value

The more assets you have with us, the better your perks. Pay lower option trading and FX fees as a Premium or Generation client.

Fast and flexible

Start trading on your terms and your timeline. With instant transfers and extended trading hours, you’ll always be ready for any market moment.

Everything you need to trade

Buy and sell all common stocks, ETFs, and options on mobile or on web, with multiple different accounts to choose from to help reach your financial goals.

Strategies to suit any portfolio

Stocks & ETFs

Choose from over 14,000 stocks and ETFs, with 100% coverage of all common stocks across Canadian and US markets.

OptionsDiversify your strategy beyond stock trading and maximize your profit potential with options.
CryptoTrade and stake Bitcoin, Ethereum, Solana, and 60+ other coins.

Wealthsimple: Commission-free stock trading (1)

Trading on your terms

Trade in less than three minutes

Sign up and start trading right away — instantly deposit up to $50,000 as a Core client, or up to $250,000 as a PremiumorGenerationclient.

Extended trading hours

Get extra time to trade — you can buy and sell eligible stocks and ETFs from 7am - 8pm EST.

Fractional trading

Purchase a piece of a share and invest in the companies you want without needing a big upfront investment.

Automation for smarter investing

Recurring investments

Auto-buy your favourite stocks and ETFs. You choose the schedule and set the investment amount. We handle the rest.

Dividend reinvestment

Keep growing your wealth by reinvesting100% of your dividend earnings — all with zero commissions.

Auto-investing

Have a portion of your paycheque automatically added to your investing account, or into specific stocks and ETFs.

Reach your goals with the right accounts

RRSPRegistered Retirement Savings PlanA tax-advantaged retirement account for individuals or couples.Contribute up to 18% of last year’s income or a max of $31,560Reduces your tax bill, and earnings on investments are tax-deferred until withdrawal
TFSATax-Free Savings AccountA flexible account that lets you invest and save tax-free.Contribute a lifetime value of $95,000Withdraw funds any time without any tax penalties
LIRALocked-In Retirement AccountA smart investment account to make the most of your pension.Your investments can still grow tax-free even though you aren’t contributingIdeal for keeping your retirement money off-limits until you really need it

We go beyond your regular broker

Simple transfersEasily move money to Wealthsimple and start trading right away. Our transfer specialists are available to make it as smooth as possible.
Human helpOur team is always on hand to help you get started and answer any questions.

As your wealth grows, your benefits will too

$1 in assetsCoreGet started with simple, low-fee financial tools.Up to $50,000 in instant deposits$2 USD per options contract$0Commission
$100,000 in assetsPremiumMake the most of your investments with lower fees and tailored advice.Access to no FX fees on USD tradesUp to $250,000 in instant deposits$0.75 USD per options contract$0Commission
$500,000 in assetsGenerationBuild your legacy with expert guidance from your dedicated team of advisors.All Core and Premium featuresComprehensive financial plan$0Commission
Wealthsimple: Commission-free stock trading (4)

Take your investing 
to the next level

Sign up for a better trading experience in less than three minutes.

Start trading

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FAQs

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.

For our list of fees, including foreign exchange fees for USD trades, see here.

Your Wealthsimple Self-directed Investing account is an account (offered by Wealthsimple Investments Inc.) that allows you to buy and sell stocks and ETFs with no trading commissions. Wealthsimple Investments Inc. offers a self-directed platform and doesn't offer any financial advice or recommendations.

Your Wealthsimple Managed account is an automated investing service offered by our affiliate, Wealthsimple Inc., that manages your investments for you — including your RRSP and TFSA — using a personalized portfolio of low-fee exchange-traded funds. Wealthsimple Inc. also provides financial advice. If that's what you're looking for, please click here.

Choose from thousands of stocks and ETFs across the TSX, NYSE, NASDAQ, NEO and CSE. There are also limited securities available on the BATS Exchange.

We’ve extended our trading hours to give you even more flexibility when it comes to your portfolio. Now you can buy and sell stocks and ETFs during the following time frames:

  • Pre-market trading hours: 7:00 am - 9:30 am EST
  • Regular market trading hours: 9:30 am - 4:00 pm EST
  • Post-market trading hours: 4:00 pm - 8:00 pm EST

And even though we can’t predict the market, our extended hours give you the convenience to trade within it on your own schedule. Currently, only a limited selection of US listed stocks and ETFs are available for trading during extended hours. You can browse eligible securities by searching for and selecting the “extended hours trading” category from the 'Discover' tab search bar in the Wealthsimple app.

Have more questions? Check out this helpful article. For details about the risks and considerations — click here.

For $10/month, you can hold US currency in your RRSP, TFSA, or personal account. So in addition to no commission fees, you’ll be able to transfer US dollars from another Canadian institution into Wealthsimple, then trade US stocks (or hold it as cash) without the worry of conversion fees. You’ll only pay an FX fee when converting currency between CAD and USD (for example: if you deposit CAD into your USD account.) You can find out more about USD accounts here.

Clients using the Core account pay no commission fees when trading Canadian stocks. However, every time you trade US stocks, you will pay a 1.5% currency conversion fee when converting CAD to USD (and vice versa).

Premium and Generation clients will get access to USD accounts — meaning they can buy, sell, and hold stocks and ETFs in U.S. dollars without the conversion fee per trade. Premium clients will only pay a 1.5% conversion fee when converting between CAD and USD (for example: funding your account.) If you’re moving USD from another account, there is no fee.

Check out our pricing overview for more details.

Dividend reinvestment is only available for stocks and ETFs that support fractional trading.

Just note that when you turn on dividend reinvestments, it applies to your entire account. For example, you can turn it on for your TFSA account, but not for individual stocks and ETFs within that account.

Instant deposit is applied across your Managed investing, Self-directed investing, and Crypto accounts. The actual instant deposit limit is dependent on your deposit history, your net deposits, and a few other variable we use to calculate your limit. You can find your unique limit in the app.

Wealthsimple: Commission-free stock trading (2024)
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