Low-fee investing for all Canadians.
Buy and sell thousands of stocks and ETFs, commission-free.
Starttrading instantly
Sign up and start trading with anywhere from $1 to $50,000. With no account minimums, you can get started at your own pace.
Buy a fraction of a stock
Invest in companies you believe in for as little as $1. Set recurring investments on any fractional share to automatically buy more of your favourite stocks on a schedule.
Trade in USD commission-free
For just $10 a month, when you keep US dollars in your account you skip the foreign exchange fees of individual U.S. trades.
Reinvest your dividends, automatically
Increase your time in market by having your dividends automatically reinvested for you — with no commission fees and no paperwork.
Never miss a market moment
Real-time stock prices, news, and custom price alerts make sure you have all the right info to trade in the moment.
Early access
Earn extra income on your portfolio
With stock lending, you can earn extra money on your holdings without any extra work. We loan your stocks to other investors, you get a share of the earnings.
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.
We do charge currency conversion fees. These fees vary depending on which plan you have.
Core plan: Clients using the Core account pay no 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 & Generation plans: Wealthsimple Premium & 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.
In comparison, most brokerages charge around 2% on top of the corporate rate for currency conversion.
Check out our pricing overview for more details.
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 offer fractional shares for over 1,500 stocks including Google (GOOGL), Amazon (AMZN) Microsoft (MSFT), Netflix (NFLX), and Tesla (TSLA).
We’re also proud to announce the first Canadian offerings for fractional shares: Shopify (SHOP), Royal Bank of Canada (RY), Toronto Dominion Bank (TD), and the Canadian National Railway Co. (CNR).
Stock lending (sometimes called Fully Paid Securities Lending) is when you give your brokerage (that’s us) permission to loan your stocks to other investors with the goal of earning passive income. We find suitable borrowers who are looking for stocks you have, and take care of setting up the collateral on your loaned assets. Then, we split the earnings with you 50/50. Pretty good deal, right?
The interest rates and duration of the loan can vary depending on market demands. We’ll always keep you in the loop if there are any changes.
To start lending your stocks, all you need to do is opt in on your Self-directed Investing account agreement. One thing to note: lending is only available for TFSAs and Personal accounts.
To learn more about stock lending, check out this Help Centre article.
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 account.)
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.
As an expert in the field of low-fee investing, I can confidently assert that the landscape of investment platforms has undergone a significant transformation, particularly in Canada. The information presented in the provided article aligns with the core principles of democratizing investing by making it accessible to a broader audience. Let's delve into the concepts mentioned:
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Commission-Free Trading: The platform emphasizes the provision of commission-free trades, a feature that has become increasingly prevalent in the modern investment landscape. The elimination of trading commissions is a significant benefit for investors, as it allows them to trade stocks and ETFs without incurring additional costs.
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Fractional Share Investing: The ability to buy a fraction of a stock is a revolutionary concept that allows investors to invest in high-priced stocks with as little as $1. This feature facilitates the creation of a diversified portfolio with minimal investment, enabling users to invest in companies they believe in without substantial financial commitments.
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USD Commission-Free Trading: The mention of trading in USD commission-free, contingent on maintaining US dollars in the account, addresses the challenges associated with foreign exchange fees for U.S. trades. This feature is particularly beneficial for investors interested in the U.S. market, as it mitigates the impact of currency conversion fees.
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Dividend Reinvestment: Automatic reinvestment of dividends without commission fees and paperwork is a valuable feature for investors looking to maximize their time in the market. This strategy ensures that earned dividends are reinvested, potentially compounding returns over time.
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Real-Time Market Information: The provision of real-time stock prices, news, and custom price alerts is crucial for investors who want to stay informed and make timely decisions. Having access to up-to-date information is a key component of successful trading.
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Earn Extra Income with Stock Lending: The concept of stock lending, where investors can earn additional income by allowing the platform to loan their stocks to other investors, is a unique feature. This practice, when opted into, allows investors to share in the earnings generated from lending their securities.
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Tiered Account Structures: The article introduces tiered account structures based on the level of assets:
- Core Account: Entry-level with simple, low-fee financial tools.
- Premium Account: Offers lower fees and tailored advice, along with complimentary USD accounts.
- Generation Account: Provides expert guidance, a comprehensive financial plan, and 0% FX fee per trade.
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Currency Conversion Fees: The platform transparently discloses currency conversion fees associated with different account plans. The Core plan incurs a 1.5% currency conversion fee for trading US stocks, while Premium and Generation clients have access to USD accounts with no conversion fees for U.S. trades.
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Automated Investing Services: Wealthsimple offers both a self-directed investing account for buying and selling stocks and ETFs, as well as a managed account service that automates investments based on a personalized portfolio of low-fee ETFs. The managed account also provides financial advice.
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Wide Range of Tradable Assets: The platform supports trading in thousands of stocks and ETFs across various exchanges, including the TSX, NYSE, NASDAQ, NEO, and CSE. Additionally, the introduction of fractional shares extends the range of accessible investments.
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Special Canadian Fractional Offerings: The platform introduces the first Canadian offerings for fractional shares, including well-known companies such as Shopify, Royal Bank of Canada, Toronto Dominion Bank, and the Canadian National Railway Co.
In conclusion, the information presented in the article reflects a commitment to providing accessible and affordable investment options for Canadians, with a focus on transparency and innovation in the financial technology space.
