Accounts & headline costs
Sections ↑Wealthsimple Trade combines cash securities investing with optional margin and advanced derivatives. This profile covers Canadian-resident retail clients of Wealthsimple Investments Inc., with published terms checked on 11 October 2026. Choose the account wrapper first, then the currency arrangement and product permissions; an asset-based service tier does not change an account into a different tax wrapper.[33][3][2]
Account comparison01
The principal account choices
| Attribute | Non-registered cash | Registered trading | Individual margin |
|---|---|---|---|
| Purpose | Self-selected taxable investments | TFSA, RRSP/spousal RRSP, FHSA, RESP, LIRA or RRIF | Self-directed investing with approved borrowingSource 3Source 14 |
| Main exposure | Stocks and ETFs; eligible options | Permitted securities and account-specific options | Securities, approved advanced options and eligible futuresSource 3Source 10Source 12 |
| Borrowing | Cash-funded securities purchases | No ordinary margin borrowing within the wrapper | Borrowing against eligible collateral; approval requiredSource 14Source 10 |
| Currency choice | CAD; optional USD capability | Dedicated USD help includes TFSA, FHSA, RRSP, RESP, LIRA, LIF, RRIF and spousal variants | CAD and optional USD; borrowing stays currency-specificSource 5Source 15 |
| Platform | Wealthsimple web and app | Wealthsimple web and app | Wealthsimple web and appSource 33 |
| Stock/ETF opening minimum | No account minimum; sufficient trade funding required | No general Trade minimum; wrapper rules still apply | Approved margin limit and eligible collateral govern borrowingSource 6Source 14 |
Pricing & charges02
Headline transaction prices
| Transaction | Broker charge | Important basis |
|---|---|---|
| Listed Canadian/US stock or ETF | C$0 commission | Currency conversion may apply to US purchases and salesSource 6 |
| Equity or ETF option | US$0 per contract | Index contracts and exercise instructions differSource 9Source 1 |
| US security traded from CAD balance | 1.5% FX conversion fee | Added to the corporate exchange rate, which itself contains a variable spreadSource 4 |
| Futures | US$1 per contract | Exchange and regulatory fees additional; individual margin approval requiredSource 13Source 12 |
The facts03
Other essentials
| Measure | Value | Context |
|---|---|---|
| Funding and withdrawals | Linked-bank EFT is free; instant tradability does not remove clearing holds. Trade withdrawals usually take 1–3 business days after cash is available. | Source 24Source 26Source 1 |
| Protection | CIRO investment-dealer oversight and conditional CIPF coverage apply to eligible investment property. Market losses and crypto assets are outside CIPF coverage. | Source 30Source 31Source 32 |
| Support | Official telephone and chat routes are available; licensed Trade Desk hours are Monday–Friday, 9:30am–4pm Eastern Time. | Source 36Source 37 |
Service tiers and USD access
Reference table04
Tier benefits relevant to self-directed investors
| Measure | Core | Premium | Generation |
|---|---|---|---|
| Published asset threshold | Starts at C$1 | C$100,000 | C$500,000 |
| Stock commission | C$0 | C$0 | C$0 |
| USD capability subscription | C$10/month plus applicable tax after 30-day trial | Included | Included |
| Account structure | Tier across eligible assets | Tier across eligible assets | Tier across eligible assets |
Account comparison05
Education and less common ownership arrangements
| Arrangement | Current scope | Practical distinction |
|---|---|---|
| Family / joint-family RESP | Trade or Classic managed portfolio | Self-directed family opening is limited to parent, guardian or primary caregiverSource 43 |
| Individual / joint-individual RESP | For yourself or another beneficiary, including an unrelated person | Caregiver/guardian consent can be needed before a minor’s account is fully openedSource 43 |
| Grandparent or sibling family RESP | Blood-related applicants can use Classic on web | This exception does not establish self-directed family eligibilitySource 43 |
| Corporate investing / margin | Corporate USD; one margin account per corporation | New single-director businesses can open online; existing businesses can add margin subject to approvalSource 5Source 14 |
| Personal / joint margin | Up to two personal margin accounts and one joint margin account | Individual-margin futures permissions do not extend to joint or corporate marginSource 14Source 12 |
Products & platforms
Sections ↑Reference table06
Investment access and boundaries
| Product | Established access | Limitation |
|---|---|---|
| Stocks and ETFs | Major Canadian and US exchanges, including TSX, TSXV, NYSE and Nasdaq | Eligible settlement, liquidity and security status are requiredSource 7 |
| Fractional shares | Eligible shares/ETFs, minimum C$1 or US$1 in order currency | Market orders only; whole-share transfer rules differSource 8 |
| Mutual funds | Eligible existing funds can transfer in, be held and sold | No new purchases or internal fund transfers; DSC/low-load funds and adviser-managed sending accounts excludedSource 62 |
| Direct bonds, GICs, forwards | Not available for purchase in ordinary Trade | A bond ETF is different from directly holding an individual bondSource 7 |
| Non-North-American listings | Not supported in ordinary Trade | An available North-American security may provide exposure without direct foreign-exchange accessSource 7 |
Reference table07
Options permissions and strategy scope
| Strategy family | Account requirement | Operational distinction |
|---|---|---|
| Long calls and puts | Eligible options-enabled account | Approval and sufficient premium funding requiredSource 61 |
| Covered calls and secured puts | Eligible registered or margin account | Required shares or cash must support the short positionSource 61 |
| Vertical, calendar and diagonal spreads | Margin account with USD enabled | Not supported in TFSA/RRSP or non-margin cash accountsSource 10 |
| Butterfly, iron butterfly, condor, iron condor | Eligible advanced margin permissions | Combined multi-leg order; expiry processing remains materialSource 10 |
| Uncovered short calls/puts | Margin plus highest options approval | Dynamic collateral; uncovered calls can create unlimited loss exposureSource 11 |
Reference table08
Index contracts have different settlement rules
| Feature | Published operation |
|---|---|
| Contract style | European and cash-settled; no early assignment or delivery of index shares |
| Eligible strategies | Approved long positions and cash-secured puts; advanced strategies require margin permissions; no covered calls |
| Regular trading, ET | 9:30am–4:15pm; no overnight or extended session |
| AM-settled expiry | Last trading day is the preceding day, with a 4pm ET cutoff |
| Charges | Per-contract fee applies to each leg on buying and selling; no exercise, assignment or expiry charge |
Reference table09
Futures are a separate contract product
| Feature | Published arrangement |
|---|---|
| Account access | Individual margin only; separate application |
| Exclusions | No registered, joint-margin, corporate-margin or non-margin account access |
| Markets | Offered index, energy, metals and other contracts; inspect the exact symbol and expiry |
| Execution and settlement | Plus500-powered execution; offered contracts are cash-settled |
| Orders | Market, limit, stop-market and stop-limit; brackets and GTC are not yet offered |
| Trading session | Nearly 24 hours, Sunday–Friday, with contract-specific maintenance breaks |
Platforms & products10
Platform differences that matter
| Activity | Where supported | Practical detail |
|---|---|---|
| Main investing and advanced options | Web and mobile app | Options spreads can be entered as one strategy orderSource 33Source 10 |
| Quotes | Web/app security view | Real-time, on-demand stock/ETF quotesSource 6 |
| Recurring purchases | Set up in mobile app | Daily, weekly, every two weeks or monthlySource 38 |
| DLR/DLR.U journaling | Web only | Not currently available in the appSource 29 |
| Futures advanced chart | Trade Plus on web | Opening advanced chart from a maximized security page is not yet supportedSource 12 |
Fees & holding costs
Sections ↑The main cost decision for US securities is whether each transaction converts cash or whether proceeds remain in USD. A free USD subscription at a higher tier removes the subscription charge; it does not make every CAD/USD conversion free. The lower conversion bands apply to explicit cash conversion between currency balances.[4][5]
Pricing & charges11
CAD/USD cash conversion bands
| Amount converted, in source currency | Conversion fee | Rate basis |
|---|---|---|
| Below 10,000 | 1.50% | On top of WSII corporate exchange rate |
| 10,000–24,999.99 | 1.00% | Same basis |
| 25,000–99,999.99 | 0.50% | Same basis |
| 100,000 or more | 0% | Corporate rate still contains a variable spread |
Pricing & charges12
Options: charges beyond the equity headline
| Item | Published charge |
|---|---|
| SPX/SPXW, VIX and NDX index options | US$1 per contract |
| RUT/RUTW index options | US$0.50 per contract |
| XSP and DJX index options | US$0.25 per contract |
| Early exercise instruction | US$45 |
| Do-not-exercise instruction | US$45 |
| Automatic exercise / assignment | US$0 / $0 |
Pricing & charges13
Ordinary account and transaction administration
| Action | Broker charge |
|---|---|
| Open, close or leave an account inactive | C$0 |
| Bank EFT deposit or withdrawal | C$0 |
| Electronic statement or confirmation | C$0 |
| Transfer an investment account out | C$0 |
| Debit-card withdrawal | 2.5% |
Pricing & charges14
Annual margin interest, published rate reference
| Currency | Core | Premium | Generation |
|---|---|---|---|
| CAD debit | 4.95% | 4.45% | 3.95% |
| USD debit | 7.50% | 7.00% | 6.50% |
Interest accrues daily from the end of the trade-initiation day while borrowing remains outstanding, and is posted on the first business day of the following month. CAD and USD debts remain separate: a credit balance in one currency does not automatically extinguish borrowing in the other. For illustration, C$10,000 borrowed for seven days at 4.45% costs about C$8.53 using 10,000 × 0.0445 × 7/365, before any broker rounding.[15]
Journaling and USD-subscription exit
The facts15
Alternative conversion and cancellation mechanics
| Measure | Value | Context |
|---|---|---|
| DLR/DLR.U journal | C$9.95 plus tax per request; approximately two business days; active USD capability and CAD fee cash required. | Shares are unavailable for trading while pending. ETF spread and currency movement remain costs/risks.Source 29 |
| Cancelling USD capability | Holdings move to CAD accounts without a conversion fee on the securities; converting remaining USD cash can incur FX fees. | Open orders are cancelled; subscription cancellation is not equivalent to selling every US security.Source 5 |
Execution & trading rules
Sections ↑Wealthsimple describes this as order-execution-only investing. Its June 2026 policy routes orders through assessed, unaffiliated executing brokers and considers price, speed, certainty, total cost and market conditions. Neither that policy nor a zero commission establishes a guaranteed fill or independently measured execution quality.[33][22]
Reference table16
Order controls and sessions
| Order | Documented behaviour | Key boundary |
|---|---|---|
| Limit | Execution at limit or better; partial fills possible | Stock/ETF default day expiry; eligible orders can extend up to 90 daysSource 19 |
| Stop-market | Becomes market order at trigger | For stocks, ETFs and options, regular hours only; fill may differ sharply from triggerSource 20 |
| Stop-limit | Trigger activates a limit order | Price protection can leave the position unfilledSource 19 |
| Fractional market | Eligible fractional orders use principal liquidity | No fractional limit/stop orders; certain new-symbol and automated orders are batchedSource 8 |
| 24-hour market | Whole-share limit orders on eligible US stocks/ETFs | No Canadian listings, OTC stocks, US options or fractional shares in this sessionSource 18 |
Trading & service hours17
Extended-session clock — Eastern Time
| Session | Published hours |
|---|---|
| Pre-market | Monday–Friday, 4:00am–9:30am |
| Regular | Monday–Friday, 9:30am–4:00pm |
| Post-market | Monday–Friday, 4:00pm–8:00pm |
| Overnight | Sunday evening through Friday morning, 8:00pm–4:00am |
Wealthsimple may receive routing compensation on US-listed securities and options. It says this does not apply to Canadian listings, Canadian/US interlisted securities or Canadian-listed options. This describes the broker’s compensation arrangement; it is not a measured comparison of slippage against another platform.[23]
Reference table18
Margin controls and liquidation
| Condition | Consequence |
|---|---|
| Margin available below zero | Account becomes under-margined; opening positions can be restricted |
| More than one margin-enabled or linked account | A margin call can block buys/withdrawals across margin and collateral accounts |
| Deadline shown in notification | Broker may liquidate earlier when circumstances require |
| Assets liquidated but debit remains | Client must repay the remaining debit; no blanket negative-balance cap |
Reference table19
Linking collateral changes the risk across accounts
| Link | Eligibility or consequence |
|---|---|
| Personal margin | Up to five individual Trade TFSA or non-registered accounts; no managed, joint or RRSP accounts |
| Corporate margin | Up to five corporate non-registered accounts |
| Buying power | Linked assets can supply the full collateral even with no funds in the margin account |
| TFSA treatment | Linking itself is not a contribution or withdrawal; pledged holdings can still be liquidated |
| Exit and calls | Each account links to only one margin account; unlinking requires sufficient remaining collateral; calls can restrict all linked accounts |
Reference table20
Expiry-day options handling
| Time, regular closing day | Published action |
|---|---|
| 3:15pm ET | Stops new sell-to-open orders in expiring contracts and cancels pending ones |
| 3:25pm ET | Starts mandatory auto-liquidation of qualifying expiring spreads/short calls |
| 3:56pm ET | Runs a second liquidation pass |
| Early market closure | Equivalent times move to 12:15pm, 12:25pm and 12:56pm ET |
Deposits, withdrawals & transfers
Sections ↑Reference table21
Deposits: availability and clearing
| Route | Availability | Important restriction |
|---|---|---|
| Linked Canadian bank EFT | Instant trading within personal limit; otherwise normally up to 5 business days, sometimes 7 | Trade-account withdrawal and recent-CAD-conversion holds remain even when trading is instantSource 24 |
| Direct USD bank deposit | Available after USD capability is enabled | Use a matching USD bank account; this avoids an unnecessary CAD conversionSource 24 |
| CAD/USD wire | Usually posted within 3 business days; usable when credited | No receiving charge; returned wire C$25; sending/intermediary banks can chargeSource 25 |
| Third-party wire | Only specifically eligible non-registered/business destinations | Registered accounts do not inherit broad third-party permissionsSource 25 |
Reference table22
Withdrawals and account transfers
| Action | Published timing / condition |
|---|---|
| Trade cash withdrawal | Usually 1–3 business days; can take up to 5 after available cash is requestedSource 26 |
| Sale proceeds | One business day to settle before withdrawal eligibilitySource 26 |
| Move in an investment account | Usually 1–4 weeks; exceptional rejected requests can take 6–8 weeksSource 28 |
| Move an investment account out | WSII processes within 10 business days after complete request; other institution and transit time additionalSource 28 |
| Registered-plan withdrawal | Use wrapper-specific withdrawal process; LIRA early access is restricted by applicable jurisdictionSource 26 |
Reference table23
Special withdrawal and incoming-transfer arrangements
| Service | Published condition |
|---|---|
| Instant debit-card withdrawal | 2.5%; maximum C$5,000 per transaction/day and C$50,000 per month, excluding fees; already-withdrawable cash and supported debit card requiredSource 60 |
| Eligible instant-withdrawal accounts | Chequing, crypto, non-registered and TFSA; Predict excludedSource 60 |
| Administrative transfer-fee reimbursement | Qualifying transfer of at least C$25,000; usually automatic within two business days after completion; keep funding for 90 daysSource 59 |
| Reimbursement exclusions | DSC/low-load, trading, commission and closure fees excluded; multiple administrative fees are not guaranteed; USD fees require contactSource 59 |
| Incoming margin account | Debit and concentration reviewed; accounts containing options positions cannot transfer into marginSource 14 |
| Mutual-fund portability | Dealer agreement and eligible series required; partial in-kind requests need support. Lower-cost series switching may take up to 15 business daysSource 62 |
| Mutual-fund trailers | If a lower-cost series is unavailable, trailer reimbursement follows the fund schedule and appears on monthly statementsSource 62 |
Reference table24
Transfer restrictions and asset portability
| Issue | Practical rule |
|---|---|
| Whole versus fractional shares | Only whole shares transfer in kind; residual fractions are sold during a full in-kind transfer |
| Partial ATON transfer | Normally only transferring assets restricted, though full restriction can occur |
| Manual partial or full transfer | Whole-account trading restriction can apply |
| FHSA transfer | Full account held even for partial transfers |
| Account pledged as collateral | Unlink before transfer can proceed |
Protection & regulation
Sections ↑CIRO’s firm-specific record lists Wealthsimple Investments Inc. as an Investment Dealer and approved Participant. The same legal entity appears in CIPF’s current investment-dealer member directory. Those findings identify the regulated dealer, without turning every product in the Wealthsimple app into an insured investment.[30][31]
Protections & eligibility25
What the principal safeguards cover
| Safeguard | Relevant scope |
|---|---|
| CIPF | Eligible missing property after member insolvency; not investment losses or cryptoSource 32 |
| General-account category | Normally C$1 million combined, including cash, margin, TFSA and FHSASource 32 |
| Retirement / education categories | Normally C$1 million combined retirement plus C$1 million subscriber RESP categorySource 32 |
| Borrowing liability | Outstanding margin debit remains payable after liquidationSource 17 |
| Lent securities | Wealthsimple says lent stock lacks CIPF coverage; separate collateral appliesSource 39 |
The facts26
Complaint escalation
| Measure | Value | Context |
|---|---|---|
| Written investment complaint | [email protected] | Describe the issue and expected remedy; preserve confirmations and correspondence. |
| Internal review | Typically acknowledged within 5 business days; decision normally within 90 days. | |
| External review | OBSI may become available after the decision or 90 days without one; normally refer within 180 days of the final response. | Regulatory complaints can also go to CIRO; Québec residents have an AMF route. |
Opening an account & support
Sections ↑Reference table27
Opening requirements
| Requirement | Published eligibility |
|---|---|
| Residence | Live in Canada as a Canadian citizen or with a valid Canadian visa; citizens living abroad are not eligible |
| Age | 18 in Alberta, Manitoba, Ontario, PEI, Québec and Saskatchewan; 19 in the other provinces/territories listed by Wealthsimple |
| Tax identity | Valid Social Insurance Number |
| Contact and verification | Verified supported phone number and identity checks |
| Product permission | Options and margin permissions require additional information and approval |
Official customer contact routes
Client SuccessTelephone
+1 855 255 9038Source 36
Scope General Wealthsimple support; request the Trade Desk for licensed telephone trading
Help and live-chat entryWebsite
https://www.wealthsimple.com/en-ca/contactSource 36
Scope Account help and urgent compromised-account chat route
Investment complaintsEmail
Trade Desk: Monday–Friday 9:30am–4pm ET. Published contact availability is not a response-time test.
A margin application can produce a restricted C$1,000 borrowing limit instead of a full portfolio-based limit. Wealthsimple reassesses financial information annually. Enabling margin on an existing eligible non-registered account is a one-way conversion; returning to a cash account requires a new account rather than simply switching the feature off.[14]
Options approval usually takes one to three business days and considers the applicant’s experience and financial circumstances. Enabling personal options does not automatically approve every business or advanced margin strategy; the appropriate account must show the required permission before trading.[61]
Additional services
Sections ↑Reference table28
Automation, lending and new-issue access
| Service | Useful capability | Material condition |
|---|---|---|
| Recurring investing | Daily, weekly, biweekly or monthly purchases | Margin uses cash first, then available borrowing; RESP funding comes from its available trading cashSource 38 |
| Stock lending | Earn when eligible shares are borrowed; no minimum portfolio balance | Demand and income are not guaranteed; voting rights suspended and lent stock is outside CIPFSource 39 |
| IPO bidding | Conditional bids at offer price for deals Wealthsimple receives | Offering-specific access; US-only deals require accredited status; allocation not assuredSource 40 |
| Active Trader | Priority support and free licensed phone-in trades | 50 eligible manual trades in a calendar month; benefits through next monthSource 37 |
Stock-lending collateral is described as cash equal to 100% of loaned-share market value plus additional borrower collateral, revalued daily. Payment is expected on or shortly after the first ten business days of the next month. The collateral arrangement and a lending-income estimate are not a guaranteed return.[39]
Reference table29
Lending revenue and account controls
| Item | Published treatment |
|---|---|
| High-demand loan | Client receives 50% of the lending fee received from the borrowerSource 44 |
| Low-demand loan | Client receives 10% of net revenue after the borrower paymentSource 44 |
| Allocation | Pool allocated daily; actual shares lent determine income; monthly distributionSource 44 |
| Enrollment | Only whole shares; previously agreed participation can extend to new eligible accountsSource 45 |
| Opt-out | Disable separately in each account; switching off Trade does not switch off managed accountsSource 45 |
Reference table30
Dividend reinvestment mechanics
| Feature | Practical effect |
|---|---|
| Eligible cash dividend | Reinvested into the same security, including fractions, using open-market purchases |
| Timing | Dividend receipt can take 1–2 business days; fractional purchase may occur later |
| Method | Broker fractional-order facility rather than an issuer’s discounted DRIP |
| Currency | Reinvesting a USD dividend in a non-USD account incurs applicable FX on the purchase |
| Control | Can be turned off; unspent residual cash stays in the account |
Active Trader status sits alongside Core, Premium or Generation. Automated recurring transactions do not qualify; multi-leg options count as one eligible trade. Trade Desk dealing is normally C$45 per trade and is waived for Active Traders. The broker can revoke status for activity designed to manipulate qualification.[37]
Automated Investing and Direct Indexing
Reference table31
A separate self-directed portfolio workflow
| Decision | Current operation |
|---|---|
| Control | Client selects targets; drift alerts and deposits help restore them; full rebalance is client-triggered |
| Direct indexes | US Market, Canadian Market and US Innovation require C$1,000 each; Global Markets C$3,000 |
| Other securities | C$10 allocation per holding outside a direct index |
| Tax-loss harvesting | Direct Indexing in non-registered accounts only; outcome depends on tax circumstances |
| Transferred holdings | Off-target holdings may be sold automatically without notice, creating a taxable disposition |
| Wrappers | TFSA, RRSP/spousal, FHSA, LIRA, LIF, RRIF, taxable/joint and Business; Business opens on web |
Pricing & charges32
Automated Investing fees and currency
| Cost | Published rule |
|---|---|
| Annual service | 0.25%, capped at C$250 plus applicable tax per account/year |
| US Direct Indexing component | No conversion spread or conversion fee for component trades and associated flows |
| Dividend conversion | Tariff permits up to 0.4% conversion fee |
| Other US holdings | Help specifies 1.5% FX outside Direct Indexing; a mixed inside/outside trade uses a blended fee |
IPO cash reservation
An IPO request reserves cash using the top of the indicative range plus a 20% buffer. That cash remains in the account while the conditional bid is active; unused funds are released after allocation. The one-time enrolment includes offering-risk acknowledgements and a no-flipping policy. An available IPO is an invitation to request an allocation, not confirmation that the full requested quantity will be received.[40]
Company background & evidence
Sections ↑Wealthsimple was founded in 2014 and is headquartered in Toronto. Its company-published description spans spending, self-directed trading, managed investing and tax services. The self-directed dealer’s responsibilities are defined separately in its relationship disclosure: customers make their own investment decisions, and individual orders are not treated as recommendations.[41][33]
The facts33
Statements and evidence basis
| Measure | Value | Context |
|---|---|---|
| Trade reporting | Electronic confirmations are made available within one business day and statements monthly. | |
| Performance reporting | An annual account performance report is provided. | |
| Research basis | Public tariff, product/help documents and named authority records checked 11 October 2026. | No account-opening, execution, deposit, withdrawal or support-response test was performed. |
- Headquarters
- Toronto, Ontario, Canada
- Founded
- 2014 (Wealthsimple company)
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Wealthsimple Investments Inc.
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Canadian Investment Regulatory OrganizationNRD 9180 | Registered | Checked 11 Oct 2026Investment Dealer and approved CIRO Participant. NRD 9180 is the firm’s National Registration Database identifier in the OSC September 16, 2025 register; current membership is confirmed separately by CIRO’s firm record. It is not a separate CIRO licence number.Source 30Source 63 |
Wealthsimple Payments Inc.
CanadaSource 55
No separate licence entry is recorded in this panel.
Additional Information
Sections ↑Managed portfolios and human advice
Managed investing is also offered through Wealthsimple Investments Inc., but the portfolio mandate and charges differ from ordinary Trade. The advisory fee replaces the basic management fee when the client selects On Demand Advice or Wealth Management; it is not added to the basic rate. Underlying fund expenses and applicable taxes remain additional.[55][48]
Pricing & charges34
Managed and advisory annual fees
| Service / qualifying total assets | Published rate or minimum |
|---|---|
| Basic managed — Core / Premium | 0.50% / 0.40% |
| Basic managed — Generation | Starting at 0.40%, down to 0.20% |
| Advice: below C$1m / C$1m–below C$3m | 0.90% / 0.80% |
| Advice: C$3m–below C$5m / C$5m–below C$10m / C$10m+ | 0.70% / 0.60% / 0.50% |
| On Demand / Wealth Management entry | C$100,000 / C$1m held in managed accounts |
| Managed FX | 0.40% on corporate exchange rate, assessed on net daily currency settlement |
Reference table35
Summit: public and private investments together
| Attribute | Published arrangement |
|---|---|
| Eligibility | Suitability; C$10,000 liquid assets and C$10,000 net worth; students/unemployed excluded |
| Opening / private allocation | Any initial amount; private exposure begins at C$3,500 net deposits |
| Allocation | Private portion: Balanced 20%, Growth 25%, Aggressive 30%; no Conservative profile |
| Wrappers / currency | Non-registered, TFSA and RRSP; CAD only |
| Liquidity | Public holdings sold first, typically 2–3 business days; private monthly windows, usually 30–60 days, not guaranteed |
| Wealthsimple charges | Public portion standard 0.20%–0.50%; private portion 1% annually |
| Underlying private costs | Sagard credit: 1.25% plus 15% above 5% hurdle; LGT equity: 1.5% plus 12.5% above 8% hurdle |
Physical gold and coin delivery
Reference table36
Buying and holding bullion
| Feature | Current terms |
|---|---|
| Exposure | Fractional physical bullion ownership from C$1; not a gold-company shareSource 50 |
| Orders | Market only, web/app; no recurring ordersSource 50 |
| Dealing price | CAD quote; Friday 5pm to Sunday 6pm ET is indicativeSource 50 |
| Buy / sell fee | 1% of bullion order value on each sideSource 1 |
| Custody / storage | Pooled client bullion held at Canadian facilities including Royal Canadian Mint and Brink’s; storage charge C$0Source 50 |
Reference table37
Requesting physical coins
| Condition | Published rule |
|---|---|
| Eligible account | Non-registered only; request in the app, subject to available coin inventory |
| Redemption charge | 1/10-ounce coin: 11%; 1-ounce coin: 2.25% |
| Request maximum | 5 ounces |
| Delivery | Usually 7–10 business days; fee includes minting, insured delivery; adult signature and ID |
| After redemption | Disposition can be taxable; CIPF no longer covers delivered gold; Wealthsimple does not buy the coins back |
Crypto: separate trading and staking charges
Crypto is offered by WSII but crypto assets have no CIPF or CDIC coverage. The dedicated fee schedule updated 24 September 2026 prices crypto by Active Trader status and rolling volume, separately from the zero commission on listed shares.[55][52]
Pricing & charges38
Crypto baseline fees
| Prior 30-day volume shown for Active Trader tier | Fee |
|---|---|
| Below $10,000 | 0.50% |
| $10,000–below $100,000 | 0.35% |
| $100,000–below $500,000 | 0.25% |
| $500,000–below $1m | 0.15% |
| $1m–below $10m | 0.10% |
| $10m–below $15m | 0.05% |
| $15m+ | 0% |
Pricing & charges39
Additional crypto costs
| Item | Charge / exception |
|---|---|
| Order below $100 | Additional $1 in the order’s CAD or USD currency, including limit orders |
| Matched fiat/stablecoin trade | No baseline fee, small-order surcharge or spread |
| Staking fee | Core/Premium: 30% of rewards; Generation: 15%; validator charges additional |
| Blockchain transfer | Actual network fee; estimate supplied before sending |
Predict: a separate event-contract account
Reference table40
Predict account and order rules
| Feature | Published arrangement |
|---|---|
| Interface / account | Separate iOS/Android app; WSII non-registered CAD/USD account; no web trading |
| Contract | USD yes/no price between $0.01 and $0.99; settled outcome pays $1 or $0; no margin |
| Orders / fees | Market dollar or contract orders, including fractions, and limit orders; US$0.02/contract on buys and sells, fractions rounded to cents |
| FX | Manual conversion or automatic CAD→USD at order submission; displayed tiered conversion fees apply |
| Funding | Linked bank, Interac e-Transfer and internal transfers; bank deposits generally have a five-business-day withdrawal hold |
| Maintenance, ET | Thursday 3–5am and Sunday 2–5am; orders rejected during maintenance |
Kalshi is the exchange partner. Each contract defines its resolution source and rules; the exchange determines the outcome after its challenge process, and Wealthsimple cannot override a final exchange outcome. The existence of a visible market does not establish that every event is tradable by every client.[54][53]
Chequing and family spending accounts
Reference table41
Cash services have different protection and ownership rules
| Service | Provider / structure | Relevant boundary |
|---|---|---|
| Chequing | WSII and Wealthsimple Payments Inc.; cash held in trust at CDIC member banks | Neither Wealthsimple company is itself a CDIC memberSource 55 |
| Advertised up to C$1m cash coverage | Requires eligible deposits spread over at least ten member banks | C$100,000 per beneficiary per institution, subject to disclosure rules; not a securities-loss guaranteeSource 55 |
| Kids and teens | Parent/guardian is trustee; child beneficial owner; prepaid spending card and parent controls | App-only, existing verified chequing client required; unavailable in QuébecSource 56 |
Specialist published route
Group savings and retirement enquiriesEmail
[email protected]Source 36
Scope Employer/group savings and retirement accounts; not the general stock-trading desk
Sources & further reading
- Fee Schedule for Trade Accounts Wealthsimple · Accessed 11 Oct 2026
- Compare plans and benefits Wealthsimple · Accessed 11 Oct 2026
- Choose an account to open Wealthsimple · Accessed 11 Oct 2026
- Convert funds between CAD and USD Wealthsimple · Accessed 11 Oct 2026
- Upgrade to USD accounts for stock and crypto trading Wealthsimple · Accessed 11 Oct 2026
- Buy a stock or ETF Wealthsimple · Accessed 11 Oct 2026
- Eligibility criteria for stocks, ETFs, and futures Wealthsimple · Accessed 11 Oct 2026
- Understanding fractional orders Wealthsimple · Accessed 11 Oct 2026
- Options trading fees and taxes Wealthsimple · Accessed 11 Oct 2026
- Trade multi-leg options spreads Wealthsimple · Accessed 11 Oct 2026
- Trade uncovered short options Wealthsimple · Accessed 11 Oct 2026
- Trade futures on Wealthsimple Wealthsimple · Accessed 11 Oct 2026
- Trade futures contracts at $1 USD Wealthsimple · Accessed 11 Oct 2026
- Open a margin account Wealthsimple · Accessed 11 Oct 2026
- Learn about fees and interest in a margin account Wealthsimple · Accessed 11 Oct 2026
- Low interest margin trading Wealthsimple · Accessed 11 Oct 2026
- Understanding margin calls Wealthsimple · Accessed 11 Oct 2026
- Place a 24-hour trading order Wealthsimple · Accessed 11 Oct 2026
- Understanding limit orders Wealthsimple · Accessed 11 Oct 2026
- Understanding stop-market orders Wealthsimple · Accessed 11 Oct 2026
- Understand auto-liquidation of expiring spreads and short options Wealthsimple · Accessed 11 Oct 2026
- Best Execution and Order Handling Disclosure — Stocks & Derivatives, June 2026 Wealthsimple · Accessed 11 Oct 2026
- Learn about payment for order flow on Wealthsimple Wealthsimple · Accessed 11 Oct 2026
- Make a deposit from a linked bank account Wealthsimple · Accessed 11 Oct 2026
- Wire funds to your Wealthsimple account Wealthsimple · Accessed 11 Oct 2026
- Learn about withdrawing funds from your account Wealthsimple · Accessed 11 Oct 2026
- Transfer your Wealthsimple account to another institution Wealthsimple · Accessed 11 Oct 2026
- Timelines for moving your funds Wealthsimple · Accessed 11 Oct 2026
- Convert currency with Norbert’s Gambit Wealthsimple · Accessed 11 Oct 2026
- Wealthsimple Investments Inc. — dealer record Canadian Investment Regulatory Organization · Accessed 11 Oct 2026
- CIPF Investment Dealer Member Firms Canadian Investor Protection Fund · Accessed 11 Oct 2026
- About CIPF coverage Canadian Investor Protection Fund · Accessed 11 Oct 2026
- Relationship Disclosure for Self-Directed Accounts Wealthsimple · Accessed 11 Oct 2026
- Filing an investment account complaint Wealthsimple · Accessed 11 Oct 2026
- Eligibility requirements to open an account Wealthsimple · Accessed 11 Oct 2026
- Get help from Client Success Wealthsimple · Accessed 11 Oct 2026
- Earn Active Trader benefits Wealthsimple · Accessed 11 Oct 2026
- Set up a recurring investment Wealthsimple · Accessed 11 Oct 2026
- Learn about stock lending on Wealthsimple Wealthsimple · Accessed 11 Oct 2026
- Bid on initial public offerings Wealthsimple · Accessed 11 Oct 2026
- Wealthsimple Product Insider — company information Wealthsimple · Accessed 11 Oct 2026
- Buy and sell crypto Wealthsimple · Accessed 11 Oct 2026
- Open an RESP Wealthsimple · Accessed 11 Oct 2026
- Earning income with stock lending Wealthsimple · Accessed 11 Oct 2026
- Participate in stock lending Wealthsimple · Accessed 11 Oct 2026
- Learn about dividend reinvestments Wealthsimple · Accessed 11 Oct 2026
- Get started with Automated Investing Wealthsimple · Accessed 11 Oct 2026
- Managed Investing Fee Schedules Wealthsimple · Accessed 11 Oct 2026
- Open a Summit portfolio Wealthsimple · Accessed 11 Oct 2026
- Buy and sell physical gold Wealthsimple · Accessed 11 Oct 2026
- Convert digital gold to physical gold Wealthsimple · Accessed 11 Oct 2026
- Wealthsimple Crypto Fee Schedule — September 24, 2026 Wealthsimple · Accessed 11 Oct 2026
- Understanding Wealthsimple Predict Wealthsimple · Accessed 11 Oct 2026
- How Wealthsimple Predict works Wealthsimple · Accessed 11 Oct 2026
- Legal Disclaimers Wealthsimple · Accessed 11 Oct 2026
- Get started with kids and teens accounts Wealthsimple · Accessed 11 Oct 2026
- Link your accounts to increase your margin buying power Wealthsimple · Accessed 11 Oct 2026
- Trade index options Wealthsimple · Accessed 11 Oct 2026
- Transfer fee reimbursement policy Wealthsimple · Accessed 11 Oct 2026
- Withdraw funds instantly with a linked debit card Wealthsimple · Accessed 11 Oct 2026
- Enable options trading in your investing account Wealthsimple · Accessed 11 Oct 2026
- Transfer and sell mutual funds Wealthsimple · Accessed 11 Oct 2026
- Ontario registrants as of September 16, 2025 — Wealthsimple Investments Inc. NRD 9180 Ontario Securities Commission · Accessed 11 Oct 2026
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